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2-bed · 2,437 sqftPalmera 3, Arabian Ranches · completed 2008

TH089, Palmera 3

Sold prices and rental history: sold 5 times, last in March 2023, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH089 · DLD and Ejari recordsUpdated 14 March 2023
Last soldAED 3.38M14 March 2023
Current rentAED 155K /yr12 August 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH089, Palmera 3

What is TH089 worth today?

Last sold for AED 3,375,000 in 2023

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14 Mar 2023SoldReady
AED 3,375,000AED 1,384 per sqft
17 Sep 2020SoldReady
AED 1,875,000AED 769 per sqft
16 Jul 2014SoldReady
AED 1,550,000AED 636 per sqft
12 Aug 2013RentedNew contract
AED 155,000/yr12 months · AED 64 per sqft
12 Aug 2012RentedNew contract
AED 150,000/yr12 months · AED 62 per sqft
23 Jul 2012SoldReady
AED 2,300,000AED 1,267 per sqft
22 Mar 2009Sold by developerReady
AED 504,944AED 278 per sqft

Source: Dubai Land Department. Updated 14 March 2023.

Key facts

Type
2-bed villa
Size
2,437 sqft
Developer
Emaar
Completed
2008
Service charge
AED 7,500 /yr
Last sold
AED 3.38M · March 2023
Community
Palmera 3

About TH089, Palmera 3

TH089 is a two-bedroom villa of 2,437 sqft in Palmera 3, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 14 March 2023 for AED 3,375,000, or AED 1,384 per sqft, 9% above the AED 1,266 two-beds in the community were fetching at the time.

It has been rented since 2012 on 2 Ejari contracts. The current contract, signed on 12 August 2013, is AED 155,000 a year: a gross yield of 4.6% on the 2023 price, before the service charge of about AED 7,500 a year.

Sales and rents for TH089 over time

Sales
Villa TH089, 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, March 2009: AED 504,944 (AED 278 per sqft)Sold, July 2012: AED 2,300,000 (AED 1,267 per sqft)Sold, July 2014: AED 1,550,000 (AED 636 per sqft)Sold, September 2020: AED 1,875,000 (AED 769 per sqft)Sold, March 2023: AED 3,375,000 (AED 1,384 per sqft)

TH089 has sold 5 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH089, 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, August 2012: AED 150,000 a yearNew contract, August 2013: AED 155,000 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 TH089 sits

All 92 2-beds →

TH089 last sold in March 2023 at AED 1,384 per sqft, 9% above what two-beds in Palmera 3 were fetching at the time (AED 1,266). 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. TH089's AED 155,000 is in the lower half 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 →

TH089, Palmera 3 in numbers

  • Sold 5 times: first on 22 March 2009 for AED 504,944, last on 14 March 2023 for AED 3,375,000 (AED 1,384 per sqft).
  • Rented since August 2012 on 2 Ejari contracts, from AED 150,000 to AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2023 price is 4.6%, 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 14 March 2023.

Questions about TH089, Palmera 3

What did villa TH089 last sell for?

AED 3,375,000 on 14 March 2023: AED 1,384 per sqft for 2,437 sqft. The villa has 5 registered sales; the first was AED 504,944 in March 2009.

What is the rent for villa TH089?

AED 155,000 a year on the contract signed on 12 August 2013. The previous contract, from August 2012, was AED 150,000.

How big is villa TH089?

2,437 sqft (226.4 sqm): a two-bedroom villa in Palmera 3, completed in 2008.

What is villa TH089 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 TH089, Palmera 3

Starts from the last sale price (AED 3.38M, 14 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,375,000
Deposit, UAE resident (20%)
AED 675,000
Deposit, non-resident (40%)
AED 1,350,000
Monthly over 25 years at 3.7%
AED 13,808

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