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

TH073, Palmera 3

Sold prices and rental history: sold twice, last in May 2019, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH073 · DLD and Ejari recordsUpdated 30 May 2019
Last soldAED 2.43M30 May 2019
Current rentAED 155K /yr1 January 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH073, Palmera 3

What is TH073 worth today?

Last sold for AED 2,425,000 in 2019

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30 May 2019SoldReady
AED 2,425,000AED 748 per sqft
1 Jan 2019RentedRenewal
AED 155,000/yr12 months · AED 48 per sqft
1 Jan 2018RentedNew contract
AED 155,000/yr12 months · AED 48 per sqft
7 Sep 2016RentedRenewal
AED 222,000/yr12 months · AED 69 per sqft
7 Sep 2015RentedRenewal
AED 230,000/yr12 months · AED 71 per sqft
7 Sep 2014RentedNew contract
AED 230,000/yr12 months · AED 71 per sqft
5 Sep 2013RentedNew contract
AED 185,000/yr12 months · AED 57 per sqft
5 Sep 2012RentedNew contract
AED 170,000/yr12 months · AED 52 per sqft

Source: Dubai Land Department. Updated 30 May 2019.

Key facts

Type
3-bed villa
Size
3,241 sqft
Developer
Emaar
Completed
2008
Service charge
AED 10,000 /yr
Last sold
AED 2.43M · May 2019
Community
Palmera 3

About TH073, Palmera 3

TH073 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 30 May 2019 for AED 2,425,000, or AED 748 per sqft.

It has been rented continuously since 2012 on 7 Ejari contracts. The current contract, renewed on 1 January 2019, is AED 155,000 a year: a gross yield of 6.4% on the 2019 price, before the service charge of about AED 10,000 a year.

Sales and rents for TH073 over time

Sales
Villa TH073, each saleTypical three-bed in Palmera 3
02.5M5M2008201320182023Typical 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 by developer, February 2009: AED 681,944 (AED 524 per sqft)Sold, May 2019: AED 2,425,000 (AED 748 per sqft)

TH073 has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa TH073, 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, September 2012: AED 170,000 a yearNew contract, September 2013: AED 185,000 a yearNew contract, September 2014: AED 230,000 a yearRenewal, September 2015: AED 230,000 a yearRenewal, September 2016: AED 222,000 a yearNew contract, January 2018: AED 155,000 a yearRenewal, January 2019: AED 155,000 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 TH073 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. TH073's AED 155,000 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 →

TH073, Palmera 3 in numbers

  • Sold twice: first on 3 February 2009 for AED 681,944, last on 30 May 2019 for AED 2,425,000 (AED 748 per sqft).
  • Rented since September 2012 on 7 Ejari contracts, from AED 170,000 to AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2019 price is 6.4%, 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 30 May 2019.

Questions about TH073, Palmera 3

What did villa TH073 last sell for?

AED 2,425,000 on 30 May 2019: AED 748 per sqft for 3,241 sqft. The villa has 2 registered sales; the first was AED 681,944 in February 2009.

What is the rent for villa TH073?

AED 155,000 a year on the contract renewed on 1 January 2019. The previous contract, from January 2018, was AED 155,000; the villa has been rented since September 2012.

How big is villa TH073?

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

What is villa TH073 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 TH073, Palmera 3

Starts from the last sale price (AED 2.43M, 30 May 2019). Switch to today's estimate once you have unlocked it.
Price
AED 2,425,000
Deposit, UAE resident (20%)
AED 485,000
Deposit, non-resident (40%)
AED 970,000
Monthly over 25 years at 3.7%
AED 9,921

Plus AED 106,860 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →