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

TH121, Palmera 3

Sold prices and rental history: sold 3 times, last in July 2020, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH121 · DLD and Ejari recordsUpdated 1 July 2020
Last soldAED 2.48M1 July 2020
Current rentAED 180K /yr25 September 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH121, Palmera 3

What is TH121 worth today?

Last sold for AED 2,475,000 in 2020

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1 Jul 2020SoldReady
AED 2,475,000AED 763 per sqft
25 Sep 2019RentedRenewal
AED 179,947/yr9 months · AED 56 per sqft
25 Sep 2018RentedRenewal
AED 190,000/yr12 months · AED 59 per sqft
25 Sep 2017RentedNew contract
AED 210,000/yr12 months · AED 65 per sqft
4 Nov 2009Sold by developerReady
AED 1,330,888AED 799 per sqft
4 Nov 2009SoldReady
AED 2,700,000AED 1,621 per sqft

Source: Dubai Land Department. Updated 1 July 2020.

Key facts

Type
3-bed villa
Size
3,241 sqft
Developer
Emaar
Completed
2008
Service charge
AED 10,000 /yr
Last sold
AED 2.48M · July 2020
Community
Palmera 3

About TH121, Palmera 3

TH121 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 1 July 2020 for AED 2,475,000, or AED 763 per sqft, 9% above the AED 702 three-beds in the community were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, renewed on 25 September 2019, is AED 179,947 a year: a gross yield of 7.3% on the 2020 price, before the service charge of about AED 10,000 a year.

Sales and rents for TH121 over time

Sales
Villa TH121, each saleTypical three-bed in Palmera 3
2M4M6M2008201320182023Typical 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 2009: AED 1,330,888 (AED 799 per sqft)Sold, November 2009: AED 2,700,000 (AED 1,621 per sqft)Sold, July 2020: AED 2,475,000 (AED 763 per sqft)

TH121 has sold 3 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa TH121, 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 270,000New contract, September 2017: AED 210,000 a yearRenewal, September 2018: AED 190,000 a yearRenewal, September 2019: AED 179,947 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 TH121 sits

All 46 3-beds →

TH121 last sold in July 2020 at AED 763 per sqft, 9% above what three-beds in Palmera 3 were fetching at the time (AED 702). 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. TH121's AED 179,947 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 →

TH121, Palmera 3 in numbers

  • Sold 3 times: first on 4 November 2009 for AED 2,700,000, last on 1 July 2020 for AED 2,475,000 (AED 763 per sqft).
  • Rented since September 2017 on 3 Ejari contracts, from AED 210,000 to AED 179,947 a year.
  • At AED 179,947 a year the gross yield on the 2020 price is 7.3%, 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 1 July 2020.

Questions about TH121, Palmera 3

What did villa TH121 last sell for?

AED 2,475,000 on 1 July 2020: AED 763 per sqft for 3,241 sqft. The villa has 3 registered sales; the first was AED 2,700,000 in November 2009.

What is the rent for villa TH121?

AED 179,947 a year on the contract renewed on 25 September 2019. The previous contract, from September 2018, was AED 190,000; the villa has been rented since September 2017.

How big is villa TH121?

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

What is villa TH121 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 TH121, Palmera 3

Starts from the last sale price (AED 2.48M, 1 July 2020). Switch to today's estimate once you have unlocked it.
Price
AED 2,475,000
Deposit, UAE resident (20%)
AED 495,000
Deposit, non-resident (40%)
AED 990,000
Monthly over 25 years at 3.7%
AED 10,126

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