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2-bed · 2,158 sqftPalmera 3, Arabian Ranches · completed 2008

TH064, Palmera 3

Sold prices and rental history: sold once, by the developer in September 2010, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH064 · DLD and Ejari recordsUpdated 7 September 2022
Last soldAED 748K20 September 2010
Current rentAED 99K /yr7 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH064, Palmera 3

What is TH064 worth today?

Last sold for AED 747,888 in 2010

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7 Sep 2022RentedRenewal
AED 99,000/yr12 months · AED 46 per sqft
7 Sep 2021RentedNew contract
AED 90,000/yr12 months · AED 42 per sqft
7 Dec 2014RentedNew contract
AED 165,509/yr13 months · AED 77 per sqft
20 Sep 2010Sold by developerReady
AED 747,888AED 394 per sqft

Source: Dubai Land Department. Updated 7 September 2022.

Key facts

Type
2-bed villa
Size
2,158 sqft
Developer
Emaar
Completed
2008
Service charge
AED 6,600 /yr
Last sold
AED 748K · September 2010
Community
Palmera 3

About TH064, Palmera 3

TH064 is a two-bedroom villa of 2,158 sqft in Palmera 3, a villa community in Arabian Ranches completed in 2008 by Emaar. The developer sold it on 20 September 2010 for AED 747,888, or AED 394 per sqft, 43% below the AED 696 two-beds in the community were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, renewed on 7 September 2022, is AED 99,000 a year: a gross yield of 13.2% on the 2010 price, before the service charge of about AED 6,600 a year.

Sales and rents for TH064 over time

Sales
Villa TH064, 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, September 2010: AED 747,888 (AED 394 per sqft)

TH064 has sold once; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH064, 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 2014: AED 165,509 a yearNew contract, September 2021: AED 90,000 a yearRenewal, September 2022: AED 99,000 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 TH064 sits

All 92 2-beds →

TH064 last sold in September 2010 at AED 394 per sqft, 43% below 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. TH064's AED 99,000 is at the bottom 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 →

TH064, Palmera 3 in numbers

  • Sold once: by Emaar on 20 September 2010 for AED 747,888, or AED 394 per sqft.
  • Rented since December 2014 on 3 Ejari contracts, from AED 165,509 to AED 99,000 a year.
  • At AED 99,000 a year the gross yield on the 2010 price is 13.2%, before a service charge of about AED 6,600 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 7 September 2022.

Questions about TH064, Palmera 3

What did villa TH064 last sell for?

AED 747,888 on 20 September 2010, sold by the developer: AED 394 per sqft for 2,158 sqft. It is the only registered sale of the villa.

What is the rent for villa TH064?

AED 99,000 a year on the contract renewed on 7 September 2022. The previous contract, from September 2021, was AED 90,000; the villa has been rented since December 2014.

How big is villa TH064?

2,158 sqft (200.5 sqm): a two-bedroom villa in Palmera 3, completed in 2008.

What is villa TH064 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 TH064, Palmera 3

Starts from the last sale price (AED 748K, 20 September 2010). Switch to today's estimate once you have unlocked it.
Price
AED 747,888
Deposit, UAE resident (20%)
AED 149,578
Deposit, non-resident (40%)
AED 299,155
Monthly over 25 years at 3.7%
AED 3,060

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