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

TH129, Palmera 3

Sold prices and rental history: sold 4 times, last in November 2016, and rented once, from July 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH129 · DLD and Ejari recordsUpdated 9 November 2016
Last soldAED 2.1M9 November 2016
Current rentAED 160K /yr20 July 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH129, Palmera 3

What is TH129 worth today?

Last sold for AED 2,100,000 in 2016

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9 Nov 2016SoldReady
AED 2,100,000AED 973 per sqft
20 Jul 2014RentedNew contract
AED 160,000/yr12 months · AED 74 per sqft
16 Jun 2014SoldReady
AED 2,625,000AED 1,217 per sqft
10 Feb 2010Sold by developerReady
AED 743,888AED 374 per sqft
10 Feb 2010SoldReady
AED 1,730,000AED 870 per sqft

Source: Dubai Land Department. Updated 9 November 2016.

Key facts

Type
2-bed villa
Size
2,156 sqft
Developer
Emaar
Completed
2008
Service charge
AED 6,600 /yr
Last sold
AED 2.1M · November 2016
Community
Palmera 3

About TH129, Palmera 3

TH129 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 9 November 2016 for AED 2,100,000, or AED 973 per sqft, 10% below the AED 1,086 two-beds in the community were fetching at the time.

One Ejari contract is registered, from 20 July 2014. The current contract, signed on 20 July 2014, is AED 160,000 a year: a gross yield of 7.6% on the 2016 price, before the service charge of about AED 6,600 a year.

Sales and rents for TH129 over time

Sales
Villa TH129, 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, February 2010: AED 743,888 (AED 374 per sqft)Sold, February 2010: AED 1,730,000 (AED 870 per sqft)Sold, June 2014: AED 2,625,000 (AED 1,217 per sqft)Sold, November 2016: AED 2,100,000 (AED 973 per sqft)

TH129 has sold 4 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH129, 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 2014: 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 TH129 sits

All 92 2-beds →

TH129 last sold in November 2016 at AED 973 per sqft, 10% below what two-beds in Palmera 3 were fetching at the time (AED 1,086). 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. TH129'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 →

TH129, Palmera 3 in numbers

  • Sold 4 times: first on 10 February 2010 for AED 1,730,000, last on 9 November 2016 for AED 2,100,000 (AED 973 per sqft).
  • Rented since July 2014 on one Ejari contract, at AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2016 price is 7.6%, 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 9 November 2016.

Questions about TH129, Palmera 3

What did villa TH129 last sell for?

AED 2,100,000 on 9 November 2016: AED 973 per sqft for 2,156 sqft. The villa has 4 registered sales; the first was AED 1,730,000 in February 2010.

What is the rent for villa TH129?

AED 160,000 a year on the contract signed on 20 July 2014.

How big is villa TH129?

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

What is villa TH129 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 TH129, Palmera 3

Starts from the last sale price (AED 2.1M, 9 November 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

Plus AED 93,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →