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

TH059, Palmera 3

Sold prices and rental history: sold 3 times, last in September 2020, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH059 · DLD and Ejari recordsUpdated 8 September 2020
Last soldAED 1.5M8 September 2020
Current rentAED 125K /yr20 January 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH059, Palmera 3

What is TH059 worth today?

Last sold for AED 1,500,000 in 2020

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8 Sep 2020SoldReady
AED 1,500,000AED 615 per sqft
20 Jan 2019RentedNew contract
AED 125,000/yr12 months · AED 51 per sqft
23 Sep 2016RentedRenewal
AED 182,967/yr12 months · AED 75 per sqft
23 Sep 2015RentedRenewal
AED 185,000/yr12 months · AED 76 per sqft
17 Oct 2012SoldReady
AED 2,250,000AED 1,284 per sqft
17 Oct 2012RentedNew contract · flagged as an outlier
AED 43,333/yr4 months · AED 18 per sqft
6 Feb 2011Sold by developerReady
AED 455,944AED 260 per sqft

Source: Dubai Land Department. Updated 8 September 2020.

Key facts

Type
2-bed villa
Size
2,439 sqft
Developer
Emaar
Completed
2008
Service charge
AED 7,500 /yr
Last sold
AED 1.5M · September 2020
Community
Palmera 3

About TH059, Palmera 3

TH059 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 8 September 2020 for AED 1,500,000, or AED 615 per sqft, 7% below the AED 662 two-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 4 Ejari contracts. The current contract, signed on 20 January 2019, is AED 125,000 a year: a gross yield of 8.3% on the 2020 price, before the service charge of about AED 7,500 a year.

Sales and rents for TH059 over time

Sales
Villa TH059, each saleTypical two-bed in Palmera 3
02M4M2008201320182023Typical 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, February 2011: AED 455,944 (AED 260 per sqft)Sold, October 2012: AED 2,250,000 (AED 1,284 per sqft)Sold, September 2020: AED 1,500,000 (AED 615 per sqft)

TH059 has sold 3 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH059, each contractTypical two-bed in Palmera 3
100K150K200K20112015201920232027Typical 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 157,500Renewal, September 2015: AED 185,000 a yearRenewal, September 2016: AED 182,967 a yearNew contract, January 2019: 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 TH059 sits

All 92 2-beds →

TH059 last sold in September 2020 at AED 615 per sqft, 7% below what two-beds in Palmera 3 were fetching at the time (AED 662). 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. TH059'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 →

TH059, Palmera 3 in numbers

  • Sold 3 times: first on 6 February 2011 for AED 455,944, last on 8 September 2020 for AED 1,500,000 (AED 615 per sqft).
  • Rented since October 2012 on 4 Ejari contracts, from AED 43,333 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2020 price is 8.3%, 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 8 September 2020.

Questions about TH059, Palmera 3

What did villa TH059 last sell for?

AED 1,500,000 on 8 September 2020: AED 615 per sqft for 2,439 sqft. The villa has 3 registered sales; the first was AED 455,944 in February 2011.

What is the rent for villa TH059?

AED 125,000 a year on the contract signed on 20 January 2019. The previous contract, from September 2016, was AED 182,967; the villa has been rented since October 2012.

How big is villa TH059?

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

What is villa TH059 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 TH059, Palmera 3

Starts from the last sale price (AED 1.5M, 8 September 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,500,000
Deposit, UAE resident (20%)
AED 300,000
Deposit, non-resident (40%)
AED 600,000
Monthly over 25 years at 3.7%
AED 6,137

Plus AED 68,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →