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2-bed · 2,439 sqftPalmera 3, Arabian Ranches · completed 2008

TH050, Palmera 3

Sold prices and rental history: sold twice, last in March 2021, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH050 · DLD and Ejari recordsUpdated 29 March 2021
Last soldAED 1.98M29 March 2021
Current rentAED 125K /yr24 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH050, Palmera 3

What is TH050 worth today?

Last sold for AED 1,975,000 in 2021

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29 Mar 2021SoldReady
AED 1,975,000AED 809 per sqft
24 Oct 2020RentedNew contract
AED 125,000/yr12 months · AED 51 per sqft
24 Oct 2019RentedRenewal
AED 143,000/yr12 months · AED 59 per sqft
24 Oct 2018RentedRenewal
AED 155,000/yr12 months · AED 64 per sqft
24 Oct 2017RentedRenewal
AED 170,000/yr12 months · AED 70 per sqft
24 Oct 2016RentedRenewal
AED 170,000/yr12 months · AED 70 per sqft
10 Jul 2014RentedNew contract
AED 150,700/yr12 months · AED 62 per sqft
10 Jul 2013RentedNew contract
AED 137,000/yr12 months · AED 56 per sqft

Source: Dubai Land Department. Updated 29 March 2021.

Key facts

Type
2-bed villa
Size
2,439 sqft
Developer
Emaar
Completed
2008
Service charge
AED 7,500 /yr
Last sold
AED 1.98M · March 2021
Community
Palmera 3

About TH050, Palmera 3

TH050 is a two-bedroom villa of 2,439 sqft in Palmera 3, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 29 March 2021 for AED 1,975,000, or AED 809 per sqft, 16% above the AED 696 two-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 8 Ejari contracts. The current contract, signed on 24 October 2020, is AED 125,000 a year: a gross yield of 6.3% on the 2021 price, before the service charge of about AED 7,500 a year.

Sales and rents for TH050 over time

Sales
Villa TH050, each saleTypical two-bed in Palmera 3
2M4M2008201320182023Typical sale price by year: 2008 AED 1,274,888; 2009 AED 1,023,888; 2010 AED 1,200,000; 2011 AED 1,181,250; 2012 AED 1,875,000; 2013 AED 2,187,500; 2014 AED 2,612,500; 2015 AED 2,500,000; 2016 AED 2,492,500; 2017 AED 2,036,363; 2018 AED 1,900,000; 2019 AED 1,890,000; 2020 AED 1,600,000; 2021 AED 2,500,000; 2022 AED 2,480,000; 2023 AED 2,900,000; 2024 AED 3,150,000; 2025 AED 4,475,000Sold by developer, July 2009: AED 2,360,000 (AED 1,032 per sqft)Sold, March 2021: AED 1,975,000 (AED 809 per sqft)

TH050 has sold twice; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH050, each contractTypical two-bed in Palmera 3
100K150K20112015201920232027Typical rent by year: 2011 AED 97,000; 2012 AED 130,000; 2013 AED 140,000; 2014 AED 160,000; 2015 AED 170,000; 2016 AED 160,000; 2017 AED 150,000; 2018 AED 135,000; 2019 AED 125,000; 2020 AED 110,000; 2021 AED 110,000; 2022 AED 119,027; 2023 AED 155,000; 2024 AED 165,000; 2025 AED 170,000; 2026 AED 157,500New contract, July 2012: AED 137,000 a yearNew contract, July 2013: AED 137,000 a yearNew contract, July 2014: AED 150,700 a yearRenewal, October 2016: AED 170,000 a yearRenewal, October 2017: AED 170,000 a yearRenewal, October 2018: AED 155,000 a yearRenewal, October 2019: AED 143,000 a yearNew contract, October 2020: AED 125,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the community.

2-beds in Palmera 3, and where TH050 sits

All 92 2-beds →

TH050 last sold in March 2021 at AED 809 per sqft, 16% above what two-beds in Palmera 3 were fetching at the time (AED 696). Over the last 12 months two-beds sold for AED 3,700,000 to 3,925,566, around AED 1,767 per sqft, and rent for AED 120,000 to 195,000 a year. TH050's AED 125,000 is in the lower half of that range.

Recent 2-bed salesVilla no.Price (AED)Summary
12 Feb 20263,700,000
23 Dec 20253,925,566
16 Sep 20254,450,000
2 May 20254,500,000
2 2-bed sales in the last 12 months

Palmera 3

Community

138 villas, 2-bed to 3-bed in Arabian Ranches, completed in 2008 by Emaar. 4 sold in the last 12 months.

Typical price per sqft
AED 1,975
Typical sale
AED 5.41M
Typical rent
AED 170K /yr
Typical yield
4.0%
Palmera 3, Arabian Ranches: prices, sales and rents →

TH050, Palmera 3 in numbers

  • Sold twice: first on 29 July 2009 for AED 2,360,000, last on 29 March 2021 for AED 1,975,000 (AED 809 per sqft).
  • Rented since July 2012 on 8 Ejari contracts, from AED 137,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2021 price is 6.3%, before a service charge of about AED 7,500 a year (AED 3.08 per sqft).
  • Two-beds in Palmera 3 sold for AED 3,700,000–3,925,566 in the 12 months to November 2026; the community's median across all types is AED 1,975 per sqft.

Source: Dubai Land Department. Updated 29 March 2021.

Questions about TH050, Palmera 3

What did villa TH050 last sell for?

AED 1,975,000 on 29 March 2021: AED 809 per sqft for 2,439 sqft. The villa has 2 registered sales; the first was AED 2,360,000 in July 2009.

What is the rent for villa TH050?

AED 125,000 a year on the contract signed on 24 October 2020. The previous contract, from October 2019, was AED 143,000; the villa has been rented since July 2012.

How big is villa TH050?

2,439 sqft (226.6 sqm): a two-bedroom villa in Palmera 3, completed in 2008.

What is villa TH050 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Palmera 3 sold for AED 3,700,000 to 3,925,566 in the last 12 months, around AED 1,767 per sqft.

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Mortgage on TH050, Palmera 3

Starts from the last sale price (AED 1.98M, 29 March 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,975,000
Deposit, UAE resident (20%)
AED 395,000
Deposit, non-resident (40%)
AED 790,000
Monthly over 25 years at 3.7%
AED 8,080

Plus AED 87,960 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →