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2-bed · 2,156 sqftPalmera 3, Arabian Ranches · completed 2008

TH118, Palmera 3

Sold prices and rental history: sold 3 times, last in December 2016, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH118 · DLD and Ejari recordsUpdated 1 April 2025
Last soldAED 2.08M28 December 2016
Current rentAED 160K /yr1 April 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH118, Palmera 3

What is TH118 worth today?

Last sold for AED 2,075,000 in 2016

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1 Apr 2025RentedRenewal
AED 160,000/yr12 months · AED 74 per sqft
1 Apr 2024RentedNew contract
AED 160,000/yr12 months · AED 74 per sqft
18 Oct 2023RentedNew contract
AED 160,000/yr12 months · AED 74 per sqft
18 Oct 2022RentedRenewal
AED 115,010/yr12 months · AED 53 per sqft
18 Oct 2021RentedRenewal
AED 106,000/yr12 months · AED 49 per sqft
18 Oct 2020RentedRenewal
AED 98,000/yr12 months · AED 45 per sqft
18 Oct 2019RentedNew contract
AED 109,000/yr12 months · AED 51 per sqft
13 Jul 2018RentedNew contract
AED 135,000/yr12 months · AED 63 per sqft

Source: Dubai Land Department. Updated 1 April 2025.

Key facts

Type
2-bed villa
Size
2,156 sqft
Developer
Emaar
Completed
2008
Service charge
AED 6,600 /yr
Last sold
AED 2.08M · December 2016
Community
Palmera 3

About TH118, Palmera 3

TH118 is a two-bedroom villa of 2,156 sqft in Palmera 3, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 28 December 2016 for AED 2,075,000, or AED 962 per sqft, 11% below the AED 1,084 two-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, renewed on 1 April 2025, is AED 160,000 a year: a gross yield of 7.7% on the 2016 price, before the service charge of about AED 6,600 a year.

Sales and rents for TH118 over time

Sales
Villa TH118, 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, March 2010: AED 743,888 (AED 373 per sqft)Sold, July 2012: AED 1,666,666 (AED 837 per sqft)Sold, December 2016: AED 2,075,000 (AED 962 per sqft)

TH118 has sold 3 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH118, 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, July 2013: AED 140,000 a yearRenewal, July 2015: AED 150,000 a yearNew contract, July 2017: AED 150,000 a yearNew contract, July 2018: AED 135,000 a yearNew contract, October 2019: AED 109,000 a yearRenewal, October 2020: AED 98,000 a yearRenewal, October 2021: AED 106,000 a yearRenewal, October 2022: AED 115,010 a yearNew contract, October 2023: AED 160,000 a yearNew contract, April 2024: AED 160,000 a yearRenewal, April 2025: AED 160,000 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 TH118 sits

All 92 2-beds →

TH118 last sold in December 2016 at AED 962 per sqft, 11% below what two-beds in Palmera 3 were fetching at the time (AED 1,084). 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. TH118's AED 160,000 is in the upper 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 →

TH118, Palmera 3 in numbers

  • Sold 3 times: first on 9 March 2010 for AED 743,888, last on 28 December 2016 for AED 2,075,000 (AED 962 per sqft).
  • Rented since July 2013 on 11 Ejari contracts. The rent fell from AED 140,000 to AED 98,000 in 2020 and recovered to AED 160,000 by April 2025.
  • At AED 160,000 a year the gross yield on the 2016 price is 7.7%, before a service charge of about AED 6,600 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 April 2025.

Questions about TH118, Palmera 3

What did villa TH118 last sell for?

AED 2,075,000 on 28 December 2016: AED 962 per sqft for 2,156 sqft. The villa has 3 registered sales; the first was AED 743,888 in March 2010.

What is the rent for villa TH118?

AED 160,000 a year on the contract renewed on 1 April 2025. The previous contract, from April 2024, was AED 160,000; the villa has been rented since July 2013.

How big is villa TH118?

2,156 sqft (200.3 sqm): a two-bedroom villa in Palmera 3, completed in 2008.

What is villa TH118 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 TH118, Palmera 3

Starts from the last sale price (AED 2.08M, 28 December 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,075,000
Deposit, UAE resident (20%)
AED 415,000
Deposit, non-resident (40%)
AED 830,000
Monthly over 25 years at 3.7%
AED 8,489

Plus AED 92,160 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →