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2-bed · 2,439 sqftPalmera 4, Arabian Ranches · completed 2008

TH062, Palmera 4

Sold prices and rental history: sold twice, last in March 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH062 · DLD and Ejari recordsUpdated 16 March 2023
Last soldAED 2.2M16 March 2023
Current rentAED 114K /yr1 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH062, Palmera 4

What is TH062 worth today?

Last sold for AED 2,200,000 in 2023

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16 Mar 2023SoldReady
AED 2,200,000AED 902 per sqft
1 Mar 2022RentedRenewal
AED 114,000/yr12 months · AED 47 per sqft
1 Mar 2021RentedRenewal
AED 95,000/yr12 months · AED 39 per sqft
24 Feb 2020RentedRenewal
AED 100,000/yr12 months · AED 41 per sqft
24 Feb 2018RentedRenewal
AED 130,000/yr12 months · AED 53 per sqft
25 Oct 2015RentedNew contract
AED 150,000/yr12 months · AED 62 per sqft
20 Aug 2014RentedNew contract
AED 140,000/yr12 months · AED 57 per sqft
20 Jul 2013RentedNew contract
AED 130,000/yr12 months · AED 53 per sqft

Source: Dubai Land Department. Updated 16 March 2023.

Key facts

Type
2-bed villa
Size
2,439 sqft
Developer
Emaar
Completed
2008
Service charge
AED 7,500 /yr
Last sold
AED 2.2M · March 2023
Community
Palmera 4

About TH062, Palmera 4

TH062 is a two-bedroom villa of 2,439 sqft in Palmera 4, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 16 March 2023 for AED 2,200,000, or AED 902 per sqft, 13% below the AED 1,034 two-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 1 March 2022, is AED 114,000 a year: a gross yield of 5.2% on the 2023 price, before the service charge of about AED 7,500 a year.

Sales and rents for TH062 over time

Sales
Villa TH062, each saleTypical two-bed in Palmera 4
1M2M3M2008201320182023Typical sale price by year: 2008 AED 1,064,888; 2009 AED 910,944; 2010 AED 1,064,888; 2011 AED 1,137,444; 2012 AED 1,725,000; 2013 AED 2,450,000; 2014 AED 2,000,000; 2015 AED 2,000,000; 2016 AED 2,500,000; 2017 AED 1,960,000; 2018 AED 1,762,500; 2019 AED 1,750,000; 2020 AED 1,400,000; 2021 AED 1,800,000; 2022 AED 2,550,000; 2023 AED 2,700,000; 2024 AED 2,950,000; 2025 AED 2,950,000Sold by developer, September 2010: AED 963,888 (AED 395 per sqft)Sold, March 2023: AED 2,200,000 (AED 902 per sqft)

TH062 has sold twice; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH062, each contractTypical two-bed in Palmera 4
100K150K2012201620202024Typical rent by year: 2012 AED 121,250; 2013 AED 130,000; 2014 AED 152,500; 2015 AED 160,000; 2016 AED 152,000; 2017 AED 138,182; 2018 AED 130,000; 2019 AED 120,000; 2020 AED 100,000; 2021 AED 110,000; 2022 AED 117,000; 2023 AED 136,333; 2024 AED 165,000; 2025 AED 167,500; 2026 AED 160,000New contract, July 2013: AED 130,000 a yearNew contract, August 2014: AED 140,000 a yearNew contract, October 2015: AED 150,000 a yearRenewal, February 2018: AED 130,000 a yearRenewal, February 2020: AED 100,000 a yearRenewal, March 2021: AED 95,000 a yearRenewal, March 2022: AED 114,000 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 4, and where TH062 sits

All 76 2-beds →

TH062 last sold in March 2023 at AED 902 per sqft, 13% below what two-beds in Palmera 4 were fetching at the time (AED 1,034). TH062's AED 114,000 is at the bottom of that range.

Recent 2-bed salesVilla no.Price (AED)Summary
7 Nov 20254,950,000
21 Oct 20252,900,000
16 Oct 20252,950,000
29 Aug 20252,000,000
0 2-bed sales in the last 12 months

Palmera 4

Community

113 villas, 2-bed to 3-bed in Arabian Ranches, completed in 2008 by Emaar. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 160K /yr
Typical yield
Palmera 4, Arabian Ranches: prices, sales and rents →

TH062, Palmera 4 in numbers

  • Sold twice: first on 19 September 2010 for AED 963,888, last on 16 March 2023 for AED 2,200,000 (AED 902 per sqft).
  • Rented since July 2013 on 7 Ejari contracts. The rent fell from AED 130,000 to AED 95,000 in 2021 and recovered to AED 114,000 by March 2022.
  • At AED 114,000 a year the gross yield on the 2023 price is 5.2%, before a service charge of about AED 7,500 a year (AED 3.08 per sqft).

Source: Dubai Land Department. Updated 16 March 2023.

Questions about TH062, Palmera 4

What did villa TH062 last sell for?

AED 2,200,000 on 16 March 2023: AED 902 per sqft for 2,439 sqft. The villa has 2 registered sales; the first was AED 963,888 in September 2010.

What is the rent for villa TH062?

AED 114,000 a year on the contract renewed on 1 March 2022. The previous contract, from March 2021, was AED 95,000; the villa has been rented since July 2013.

How big is villa TH062?

2,439 sqft (226.6 sqm): a two-bedroom villa in Palmera 4, completed in 2008.

What is villa TH062 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on TH062, Palmera 4

Starts from the last sale price (AED 2.2M, 16 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,200,000
Deposit, UAE resident (20%)
AED 440,000
Deposit, non-resident (40%)
AED 880,000
Monthly over 25 years at 3.7%
AED 9,001

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