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3-bed · 3,241 sqftPalmera 3, Arabian Ranches · completed 2008

TH120, Palmera 3

Sold prices and rental history: sold 4 times, last in February 2020, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH120 · DLD and Ejari recordsUpdated 20 February 2020
Last soldAED 2.35M20 February 2020
Current rentAED 150K /yr1 February 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH120, Palmera 3

What is TH120 worth today?

Last sold for AED 2,350,000 in 2020

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20 Feb 2020SoldReady
AED 2,350,000AED 725 per sqft
29 Oct 2019SoldReady
AED 2,025,000AED 624 per sqft
1 Feb 2018RentedNew contract
AED 150,000/yr12 months · AED 46 per sqft
25 Sep 2016RentedRenewal
AED 265,000/yr12 months · AED 82 per sqft
25 Sep 2015RentedRenewal
AED 265,000/yr12 months · AED 82 per sqft
3 Nov 2011SoldReady
AED 2,500,000AED 1,164 per sqft
10 Nov 2008Sold by developerReady
AED 1,282,888AED 597 per sqft

Source: Dubai Land Department. Updated 20 February 2020.

Key facts

Type
3-bed villa
Size
3,241 sqft
Developer
Emaar
Completed
2008
Service charge
AED 10,000 /yr
Last sold
AED 2.35M · February 2020
Community
Palmera 3

About TH120, Palmera 3

TH120 is a three-bedroom villa of 3,241 sqft in Palmera 3, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 20 February 2020 for AED 2,350,000, or AED 725 per sqft, in line with the AED 725 three-beds in the community were fetching at the time.

It has been rented since 2015 on 3 Ejari contracts. The current contract, signed on 1 February 2018, is AED 150,000 a year: a gross yield of 6.4% on the 2020 price, before the service charge of about AED 10,000 a year.

Sales and rents for TH120 over time

Sales
Villa TH120, each saleTypical three-bed in Palmera 3
2.5M5M2008201320182023Typical sale price by year: 2008 AED 1,552,888; 2009 AED 1,512,500; 2010 AED 1,396,388; 2011 AED 1,463,888; 2012 AED 2,920,000; 2013 AED 1,700,000; 2014 AED 4,000,000; 2020 AED 2,350,000; 2021 AED 3,050,000; 2022 AED 4,200,000; 2023 AED 4,950,000; 2025 AED 5,700,000Sold by developer, November 2008: AED 1,282,888 (AED 597 per sqft)Sold, November 2011: AED 2,500,000 (AED 1,164 per sqft)Sold, October 2019: AED 2,025,000 (AED 624 per sqft)Sold, February 2020: AED 2,350,000 (AED 725 per sqft)

TH120 has sold 4 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa TH120, each contractTypical three-bed in Palmera 3
200K2012201620202024Typical rent by year: 2012 AED 174,960; 2013 AED 210,000; 2014 AED 233,000; 2015 AED 230,000; 2016 AED 230,000; 2017 AED 210,000; 2018 AED 182,500; 2019 AED 167,500; 2020 AED 155,000; 2021 AED 160,000; 2022 AED 190,000; 2023 AED 220,000; 2024 AED 262,000; 2025 AED 270,000Renewal, September 2015: AED 265,000 a yearRenewal, September 2016: AED 265,000 a yearNew contract, February 2018: AED 150,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the community.

3-beds in Palmera 3, and where TH120 sits

All 46 3-beds →

TH120 last sold in February 2020 at AED 725 per sqft, in line with what three-beds in Palmera 3 were fetching at the time (AED 725). Over the last 12 months three-beds sold for AED 6,900,000 to 7,200,000, around AED 2,175 per sqft, and rent for AED 280,000 to 295,000 a year. TH120's AED 150,000 is at the bottom of that range.

Recent 3-bed salesVilla no.Price (AED)Summary
30 Jan 20266,900,000
26 Jan 20267,200,000
29 Sep 20255,900,000
22 Aug 20256,200,000
2 3-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 →

TH120, Palmera 3 in numbers

  • Sold 4 times: first on 10 November 2008 for AED 1,282,888, last on 20 February 2020 for AED 2,350,000 (AED 725 per sqft).
  • Rented since September 2015 on 3 Ejari contracts, from AED 265,000 to AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2020 price is 6.4%, before a service charge of about AED 10,000 a year (AED 3.08 per sqft).
  • Three-beds in Palmera 3 sold for AED 6,900,000–7,200,000 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 20 February 2020.

Questions about TH120, Palmera 3

What did villa TH120 last sell for?

AED 2,350,000 on 20 February 2020: AED 725 per sqft for 3,241 sqft. The villa has 4 registered sales; the first was AED 1,282,888 in November 2008.

What is the rent for villa TH120?

AED 150,000 a year on the contract signed on 1 February 2018. The previous contract, from September 2016, was AED 265,000; the villa has been rented since September 2015.

How big is villa TH120?

3,241 sqft (301.1 sqm): a three-bedroom villa in Palmera 3, completed in 2008.

What is villa TH120 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Palmera 3 sold for AED 6,900,000 to 7,200,000 in the last 12 months, around AED 2,175 per sqft.

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Mortgage on TH120, Palmera 3

Starts from the last sale price (AED 2.35M, 20 February 2020). Switch to today's estimate once you have unlocked it.
Price
AED 2,350,000
Deposit, UAE resident (20%)
AED 470,000
Deposit, non-resident (40%)
AED 940,000
Monthly over 25 years at 3.7%
AED 9,615

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