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2-bed · 1,792 sqftPalmera 3, Arabian Ranches · completed 2008

TH092, Palmera 3

Sold prices and rental history: sold once, by the developer in November 2008, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH092 · DLD and Ejari recordsUpdated 1 May 2024
Last soldAED 2.88M17 November 2008
Current rentAED 200K /yr1 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH092, Palmera 3

What is TH092 worth today?

Last sold for AED 2,875,500 in 2008

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1 May 2024RentedRenewal
AED 200,000/yr12 months · AED 82 per sqft
1 May 2023RentedRenewal
AED 180,000/yr12 months · AED 74 per sqft
1 May 2022RentedNew contract
AED 175,000/yr12 months · AED 72 per sqft
29 Dec 2021RentedNew contract
AED 175,000/yr12 months · AED 72 per sqft
20 Jun 2020RentedRenewal
AED 120,000/yr12 months · AED 49 per sqft
20 Jun 2019RentedNew contract
AED 135,000/yr12 months · AED 55 per sqft
7 Jan 2019RentedRenewal
AED 140,000/yr12 months · AED 57 per sqft
7 Jan 2018RentedNew contract
AED 145,000/yr12 months · AED 59 per sqft

Source: Dubai Land Department. Updated 1 May 2024.

Key facts

Type
2-bed villa
Size
1,792 sqft
Developer
Emaar
Completed
2008
Service charge
AED 5,500 /yr
Last sold
AED 2.88M · November 2008
Community
Palmera 3

About TH092, Palmera 3

TH092 is a two-bedroom villa of 1,792 sqft in Palmera 3, a villa community in Arabian Ranches completed in 2008 by Emaar. The developer sold it on 17 November 2008 for AED 2,875,500, or AED 1,605 per sqft, 112% above the AED 757 two-beds in the community were fetching at the time.

It has been rented continuously since 2014 on 12 Ejari contracts. The current contract, renewed on 1 May 2024, is AED 200,000 a year: a gross yield of 7.0% on the 2008 price, before the service charge of about AED 5,500 a year.

Sales and rents for TH092 over time

Sales
Villa TH092, 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, November 2008: AED 2,875,500 (AED 1,605 per sqft)

TH092 has sold once; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH092, each contractTypical two-bed in Palmera 3
100K150K200K20112015201920232027Typical 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 2014: AED 200,000 a yearNew contract, April 2015: AED 200,000 a yearNew contract, November 2015: AED 175,000 a yearRenewal, November 2016: AED 175,000 a yearNew contract, January 2018: AED 145,000 a yearRenewal, January 2019: AED 140,000 a yearNew contract, June 2019: AED 135,000 a yearRenewal, June 2020: AED 120,000 a yearNew contract, December 2021: AED 175,000 a yearNew contract, May 2022: AED 175,000 a yearRenewal, May 2023: AED 180,000 a yearRenewal, May 2024: AED 200,000 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 TH092 sits

All 92 2-beds →

TH092 last sold in November 2008 at AED 1,605 per sqft, 112% above what two-beds in Palmera 3 were fetching at the time (AED 757). 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. TH092's AED 200,000 is at the top 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 →

TH092, Palmera 3 in numbers

  • Sold once: by Emaar on 17 November 2008 for AED 2,875,500, or AED 1,605 per sqft.
  • Rented since April 2014 on 12 Ejari contracts. The rent fell from AED 200,000 to AED 120,000 in 2020 and recovered to AED 200,000 by May 2024.
  • At AED 200,000 a year the gross yield on the 2008 price is 7.0%, before a service charge of about AED 5,500 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 1 May 2024.

Questions about TH092, Palmera 3

What did villa TH092 last sell for?

AED 2,875,500 on 17 November 2008, sold by the developer: AED 1,605 per sqft for 1,792 sqft. It is the only registered sale of the villa.

What is the rent for villa TH092?

AED 200,000 a year on the contract renewed on 1 May 2024. The previous contract, from May 2023, was AED 180,000; the villa has been rented since April 2014.

How big is villa TH092?

1,792 sqft (166.5 sqm): a two-bedroom villa in Palmera 3, completed in 2008.

What is villa TH092 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 TH092, Palmera 3

Starts from the last sale price (AED 2.88M, 17 November 2008). Switch to today's estimate once you have unlocked it.
Price
AED 2,875,500
Deposit, UAE resident (20%)
AED 575,100
Deposit, non-resident (40%)
AED 1,150,200
Monthly over 25 years at 3.7%
AED 11,765

Plus AED 125,781 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →