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

TH071, Palmera 3

Sold prices and rental history: sold twice, last in April 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH071 · DLD and Ejari recordsUpdated 2 April 2024
Last soldAED 3.4M2 April 2024
Current rentAED 108K /yr20 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH071, Palmera 3

What is TH071 worth today?

Last sold for AED 3,400,000 in 2024

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2 Apr 2024SoldReady
AED 3,400,000AED 1,394 per sqft
20 Jun 2022RentedRenewal
AED 108,000/yr12 months · AED 44 per sqft
20 Jun 2020RentedNew contract
AED 90,000/yr12 months · AED 37 per sqft
19 Mar 2019RentedRenewal
AED 150,000/yr12 months · AED 62 per sqft
19 Mar 2017RentedNew contract
AED 150,000/yr12 months · AED 62 per sqft
18 Mar 2016RentedRenewal
AED 175,000/yr12 months · AED 72 per sqft
18 Mar 2015RentedNew contract
AED 175,000/yr12 months · AED 72 per sqft
18 Mar 2013RentedNew contract
AED 140,000/yr12 months · AED 57 per sqft

Source: Dubai Land Department. Updated 2 April 2024.

Key facts

Type
2-bed villa
Size
2,439 sqft
Developer
Emaar
Completed
2008
Service charge
AED 7,500 /yr
Last sold
AED 3.4M · April 2024
Community
Palmera 3

About TH071, Palmera 3

TH071 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 2 April 2024 for AED 3,400,000, or AED 1,394 per sqft, 6% above the AED 1,313 two-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 20 June 2022, is AED 108,000 a year: a gross yield of 3.2% on the 2024 price, before the service charge of about AED 7,500 a year.

Sales and rents for TH071 over time

Sales
Villa TH071, 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, April 2011: AED 457,944 (AED 273 per sqft)Sold, April 2024: AED 3,400,000 (AED 1,394 per sqft)

TH071 has sold twice; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH071, 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, March 2013: AED 140,000 a yearNew contract, March 2015: AED 175,000 a yearRenewal, March 2016: AED 175,000 a yearNew contract, March 2017: AED 150,000 a yearRenewal, March 2019: AED 150,000 a yearNew contract, June 2020: AED 90,000 a yearRenewal, June 2022: AED 108,000 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 TH071 sits

All 92 2-beds →

TH071 last sold in April 2024 at AED 1,394 per sqft, 6% above what two-beds in Palmera 3 were fetching at the time (AED 1,313). 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. TH071's AED 108,000 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 →

TH071, Palmera 3 in numbers

  • Sold twice: first on 4 April 2011 for AED 457,944, last on 2 April 2024 for AED 3,400,000 (AED 1,394 per sqft).
  • Rented since March 2013 on 7 Ejari contracts. The rent fell from AED 140,000 to AED 90,000 in 2020 and recovered to AED 108,000 by June 2022.
  • At AED 108,000 a year the gross yield on the 2024 price is 3.2%, 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 2 April 2024.

Questions about TH071, Palmera 3

What did villa TH071 last sell for?

AED 3,400,000 on 2 April 2024: AED 1,394 per sqft for 2,439 sqft. The villa has 2 registered sales; the first was AED 457,944 in April 2011.

What is the rent for villa TH071?

AED 108,000 a year on the contract renewed on 20 June 2022. The previous contract, from June 2020, was AED 90,000; the villa has been rented since March 2013.

How big is villa TH071?

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

What is villa TH071 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 TH071, Palmera 3

Starts from the last sale price (AED 3.4M, 2 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,400,000
Deposit, UAE resident (20%)
AED 680,000
Deposit, non-resident (40%)
AED 1,360,000
Monthly over 25 years at 3.7%
AED 13,910

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