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2-bed · 1,928 sqftPalmera 3, Arabian Ranches · completed 2008

TH088, Palmera 3

Sold prices and rental history: sold once, by the developer in February 2009, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH088 · DLD and Ejari recordsUpdated 1 November 2021
Last soldAED 417K3 February 2009
Current rentAED 115K /yr1 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH088, Palmera 3

What is TH088 worth today?

Last sold for AED 416,944 in 2009

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1 Nov 2021RentedRenewal
AED 115,000/yr12 months · AED 53 per sqft
1 Nov 2020RentedNew contract
AED 103,000/yr12 months · AED 48 per sqft
1 Nov 2019RentedNew contract
AED 115,000/yr12 months · AED 53 per sqft
1 Nov 2017RentedNew contract
AED 130,000/yr12 months · AED 60 per sqft
26 Oct 2016RentedNew contract
AED 145,000/yr12 months · AED 67 per sqft
19 May 2016RentedRenewal
AED 153,000/yr12 months · AED 71 per sqft
19 May 2015RentedNew contract
AED 153,000/yr12 months · AED 71 per sqft
6 Apr 2014RentedNew contract
AED 120,000/yr12 months · AED 56 per sqft

Source: Dubai Land Department. Updated 1 November 2021.

Key facts

Type
2-bed villa
Size
1,928 sqft
Developer
Emaar
Completed
2008
Service charge
AED 5,900 /yr
Last sold
AED 417K · February 2009
Community
Palmera 3

About TH088, Palmera 3

TH088 is a two-bedroom villa of 1,928 sqft in Palmera 3, a villa community in Arabian Ranches completed in 2008 by Emaar. The developer sold it on 3 February 2009 for AED 416,944, or AED 216 per sqft, 61% below the AED 560 two-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 1 November 2021, is AED 115,000 a year: a gross yield of 27.6% on the 2009 price, before the service charge of about AED 5,900 a year.

Sales and rents for TH088 over time

Sales
Villa TH088, 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 4,475,000

No registered sale of TH088; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH088, 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, April 2013: AED 105,000 a yearNew contract, April 2014: AED 120,000 a yearNew contract, May 2015: AED 153,000 a yearRenewal, May 2016: AED 153,000 a yearNew contract, October 2016: AED 145,000 a yearNew contract, November 2017: AED 130,000 a yearNew contract, November 2019: AED 115,000 a yearNew contract, November 2020: AED 103,000 a yearRenewal, November 2021: AED 115,000 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 TH088 sits

All 92 2-beds →

TH088 last sold in February 2009 at AED 216 per sqft, 61% below what two-beds in Palmera 3 were fetching at the time (AED 560). 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. TH088's AED 115,000 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 →

TH088, Palmera 3 in numbers

  • Sold once: by Emaar on 3 February 2009 for AED 416,944, or AED 216 per sqft.
  • Rented since April 2013 on 9 Ejari contracts, from AED 105,000 to AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2009 price is 27.6%, before a service charge of about AED 5,900 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 1 November 2021.

Questions about TH088, Palmera 3

What did villa TH088 last sell for?

AED 416,944 on 3 February 2009, sold by the developer: AED 216 per sqft for 1,928 sqft. It is the only registered sale of the villa.

What is the rent for villa TH088?

AED 115,000 a year on the contract renewed on 1 November 2021. The previous contract, from November 2020, was AED 103,000; the villa has been rented since April 2013.

How big is villa TH088?

1,928 sqft (179.1 sqm): a two-bedroom villa in Palmera 3, completed in 2008.

What is villa TH088 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 TH088, Palmera 3

Starts from the last sale price (AED 417K, 3 February 2009). Switch to today's estimate once you have unlocked it.
Price
AED 416,944
Deposit, UAE resident (20%)
AED 83,389
Deposit, non-resident (40%)
AED 166,778
Monthly over 25 years at 3.7%
AED 1,706

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