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2-bed · 2,439 sqftPalmera 3, Arabian Ranches · completed 2008

TH119, Palmera 3

Sold prices and rental history: sold 3 times, last in October 2016, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH119 · DLD and Ejari recordsUpdated 24 October 2016
Last soldAED 2.65M24 October 2016
Current rentAED 180K /yr19 February 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH119, Palmera 3

What is TH119 worth today?

Last sold for AED 2,650,000 in 2016

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24 Oct 2016SoldReady
AED 2,650,000AED 1,086 per sqft
19 Feb 2016RentedNew contract
AED 180,000/yr12 months · AED 74 per sqft
17 Feb 2015RentedNew contract
AED 180,000/yr12 months · AED 74 per sqft
10 Jul 2011Sold by developerReady
AED 1,730,000AED 1,137 per sqft
10 Jul 2011SoldReady
AED 2,350,000AED 1,544 per sqft

Source: Dubai Land Department. Updated 24 October 2016.

Key facts

Type
2-bed villa
Size
2,439 sqft
Developer
Emaar
Completed
2008
Service charge
AED 7,500 /yr
Last sold
AED 2.65M · October 2016
Community
Palmera 3

About TH119, Palmera 3

TH119 is a two-bedroom villa of 2,439 sqft in Palmera 3, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 24 October 2016 for AED 2,650,000, or AED 1,086 per sqft, in line with the AED 1,087 two-beds in the community were fetching at the time.

It has been rented since 2015 on 2 Ejari contracts. The current contract, signed on 19 February 2016, is AED 180,000 a year: a gross yield of 6.8% on the 2016 price, before the service charge of about AED 7,500 a year.

Sales and rents for TH119 over time

Sales
Villa TH119, 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, July 2011: AED 1,730,000 (AED 1,137 per sqft)Sold, July 2011: AED 2,350,000 (AED 1,544 per sqft)Sold, October 2016: AED 2,650,000 (AED 1,086 per sqft)

TH119 has sold 3 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH119, 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, February 2015: AED 180,000 a yearNew contract, February 2016: AED 180,000 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 TH119 sits

All 92 2-beds →

TH119 last sold in October 2016 at AED 1,086 per sqft, in line with what two-beds in Palmera 3 were fetching at the time (AED 1,087). 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. TH119's AED 180,000 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 →

TH119, Palmera 3 in numbers

  • Sold 3 times: first on 10 July 2011 for AED 2,350,000, last on 24 October 2016 for AED 2,650,000 (AED 1,086 per sqft).
  • Rented since February 2015 on 2 Ejari contracts, at AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2016 price is 6.8%, 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 24 October 2016.

Questions about TH119, Palmera 3

What did villa TH119 last sell for?

AED 2,650,000 on 24 October 2016: AED 1,086 per sqft for 2,439 sqft. The villa has 3 registered sales; the first was AED 2,350,000 in July 2011.

What is the rent for villa TH119?

AED 180,000 a year on the contract signed on 19 February 2016. The previous contract, from February 2015, was AED 180,000.

How big is villa TH119?

2,439 sqft (226.6 sqm): a two-bedroom villa in Palmera 3, completed in 2008.

What is villa TH119 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 TH119, Palmera 3

Starts from the last sale price (AED 2.65M, 24 October 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,650,000
Deposit, UAE resident (20%)
AED 530,000
Deposit, non-resident (40%)
AED 1,060,000
Monthly over 25 years at 3.7%
AED 10,842

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