3-bed · 3,241 sqftPalmera 3, Arabian Ranches · completed 2008

TH060, Palmera 3

Sold prices and rental history: sold twice, last in October 2016, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH060 · DLD and Ejari recordsUpdated 16 October 2016
Last soldAED 3.15M16 October 2016
Current rentAED 245K /yr15 July 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for TH060, Palmera 3

What is TH060 worth today?

Last sold for AED 3,150,000 in 2016

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16 Oct 2016SoldReady
AED 3,150,000AED 972 per sqft
15 Jul 2015RentedNew contract
AED 245,000/yr12 months · AED 76 per sqft
15 Jul 2014RentedNew contract
AED 235,000/yr12 months · AED 73 per sqft
7 Jul 2011Sold by developerReady · flagged as an outlier
AED 639,444AED 201 per sqft

Source: Dubai Land Department. Updated 16 October 2016.

Key facts

Type
3-bed villa
Size
3,241 sqft
Developer
Emaar
Completed
2008
Service charge
AED 10,000 /yr
Last sold
AED 3.15M · October 2016
Community
Palmera 3

About TH060, Palmera 3

TH060 is a three-bedroom villa of 3,241 sqft in Palmera 3, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 16 October 2016 for AED 3,150,000, or AED 972 per sqft.

It has been rented since 2014 on 2 Ejari contracts. The current contract, signed on 15 July 2015, is AED 245,000 a year: a gross yield of 7.8% on the 2016 price, before the service charge of about AED 10,000 a year.

Sales and rents for TH060 over time

Sales
Villa TH060, each saleTypical three-bed in Palmera 3
2M4M6M2008201320182023Typical sale price by year: 2008 AED 1,552,888; 2009 AED 1,512,500; 2010 AED 1,396,388; 2011 AED 1,463,888; 2012 AED 2,920,000; 2013 AED 1,700,000; 2014 AED 4,000,000; 2020 AED 2,350,000; 2021 AED 3,050,000; 2022 AED 4,200,000; 2023 AED 4,950,000; 2025 AED 5,700,000Sold, October 2016: AED 3,150,000 (AED 972 per sqft)

TH060 has sold once; the dashed line is the three-bed median of each year in the community.

Rents
Villa TH060, each contractTypical three-bed in Palmera 3
200K2012201620202024Typical rent by year: 2012 AED 174,960; 2013 AED 210,000; 2014 AED 233,000; 2015 AED 230,000; 2016 AED 230,000; 2017 AED 210,000; 2018 AED 182,500; 2019 AED 167,500; 2020 AED 155,000; 2021 AED 160,000; 2022 AED 190,000; 2023 AED 220,000; 2024 AED 262,000; 2025 AED 270,000New contract, July 2014: AED 235,000 a yearNew contract, July 2015: AED 245,000 a year

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

3-beds in Palmera 3, and where TH060 sits

All 46 3-beds →

Over the last 12 months three-beds sold for AED 6,900,000 to 7,200,000, around AED 2,175 per sqft, and rent for AED 280,000 to 295,000 a year. TH060's AED 245,000 is at the bottom of that range.

Recent 3-bed salesVilla no.Price (AED)Summary
30 Jan 20266,900,000
26 Jan 20267,200,000
29 Sep 20255,900,000
22 Aug 20256,200,000
2 3-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 →

TH060, Palmera 3 in numbers

  • Sold twice: first on 7 July 2011 for AED 639,444, last on 16 October 2016 for AED 3,150,000 (AED 972 per sqft).
  • Rented since July 2014 on 2 Ejari contracts, from AED 235,000 to AED 245,000 a year.
  • At AED 245,000 a year the gross yield on the 2016 price is 7.8%, before a service charge of about AED 10,000 a year (AED 3.08 per sqft).
  • Three-beds in Palmera 3 sold for AED 6,900,000–7,200,000 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 16 October 2016.

Questions about TH060, Palmera 3

What did villa TH060 last sell for?

AED 3,150,000 on 16 October 2016: AED 972 per sqft for 3,241 sqft. The villa has 2 registered sales; the first was AED 639,444 in July 2011.

What is the rent for villa TH060?

AED 245,000 a year on the contract signed on 15 July 2015. The previous contract, from July 2014, was AED 235,000.

How big is villa TH060?

3,241 sqft (301.1 sqm): a three-bedroom villa in Palmera 3, completed in 2008.

What is villa TH060 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Palmera 3 sold for AED 6,900,000 to 7,200,000 in the last 12 months, around AED 2,175 per sqft.

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Mortgage on TH060, Palmera 3

Starts from the last sale price (AED 3.15M, 16 October 2016). Switch to today's estimate once you have unlocked it.
Price
AED 3,150,000
Deposit, UAE resident (20%)
AED 630,000
Deposit, non-resident (40%)
AED 1,260,000
Monthly over 25 years at 3.7%
AED 12,888

Plus AED 137,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →