Home
Dubai prices
About
Research
2-bed · 1,941 sqftPalmera 3, Arabian Ranches · completed 2008

TH053, Palmera 3

Sold prices and rental history: sold once, by the developer in November 2008, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH053 · DLD and Ejari recordsUpdated 3 December 2017
Last soldAED 1.01M23 November 2008
Current rentAED 150K /yr3 December 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow TH053

Property timeline for TH053, Palmera 3

What is TH053 worth today?

Last sold for AED 1,012,888 in 2008

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

3 Dec 2017RentedRenewal
AED 150,000/yr12 months · AED 62 per sqft
3 Dec 2016RentedRenewal
AED 150,000/yr12 months · AED 62 per sqft
3 Dec 2014RentedNew contract
AED 150,000/yr12 months · AED 62 per sqft
3 Dec 2013RentedNew contract
AED 150,000/yr12 months · AED 62 per sqft
3 Dec 2012RentedNew contract
AED 150,000/yr12 months · AED 62 per sqft
23 Nov 2008Sold by developerReady
AED 1,012,888AED 521 per sqft

Source: Dubai Land Department. Updated 3 December 2017.

Key facts

Type
2-bed villa
Size
1,941 sqft
Developer
Emaar
Completed
2008
Service charge
AED 6,000 /yr
Last sold
AED 1.01M · November 2008
Community
Palmera 3

About TH053, Palmera 3

TH053 is a two-bedroom villa of 1,941 sqft in Palmera 3, a villa community in Arabian Ranches completed in 2008 by Emaar. The developer sold it on 23 November 2008 for AED 1,012,888, or AED 521 per sqft, 19% below the AED 647 two-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 5 Ejari contracts. The current contract, renewed on 3 December 2017, is AED 150,000 a year: a gross yield of 14.8% on the 2008 price, before the service charge of about AED 6,000 a year.

Sales and rents for TH053 over time

Sales
Villa TH053, 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, November 2008: AED 1,012,888 (AED 521 per sqft)

TH053 has sold once; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH053, 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, December 2012: AED 150,000 a yearNew contract, December 2013: AED 150,000 a yearNew contract, December 2014: AED 150,000 a yearRenewal, December 2016: AED 150,000 a yearRenewal, December 2017: AED 150,000 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 TH053 sits

All 92 2-beds →

TH053 last sold in November 2008 at AED 521 per sqft, 19% below what two-beds in Palmera 3 were fetching at the time (AED 647). 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. TH053's AED 150,000 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 →

TH053, Palmera 3 in numbers

  • Sold once: by Emaar on 23 November 2008 for AED 1,012,888, or AED 521 per sqft.
  • Rented since December 2012 on 5 Ejari contracts, at AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2008 price is 14.8%, before a service charge of about AED 6,000 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 3 December 2017.

Questions about TH053, Palmera 3

What did villa TH053 last sell for?

AED 1,012,888 on 23 November 2008, sold by the developer: AED 521 per sqft for 1,941 sqft. It is the only registered sale of the villa.

What is the rent for villa TH053?

AED 150,000 a year on the contract renewed on 3 December 2017. The previous contract, from December 2016, was AED 150,000; the villa has been rented since December 2012.

How big is villa TH053?

1,941 sqft (180.3 sqm): a two-bedroom villa in Palmera 3, completed in 2008.

What is villa TH053 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.

Selling TH053? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on TH053, Palmera 3

Starts from the last sale price (AED 1.01M, 23 November 2008). Switch to today's estimate once you have unlocked it.
Price
AED 1,012,888
Deposit, UAE resident (20%)
AED 202,578
Deposit, non-resident (40%)
AED 405,155
Monthly over 25 years at 3.7%
AED 4,144

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →