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3-bed · 2,345 sqftThe Springs 1, The Springs · completed 2005

S02/TH02, The Springs 1

Sold prices and rental history: sold 4 times, last in November 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S02/TH02 · DLD and Ejari recordsUpdated 16 March 2023
Last soldAED 2.85M21 November 2022
Current rentAED 126K /yr16 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S02/TH02, The Springs 1

What is S02/TH02 worth today?

Last sold for AED 2,850,000 in 2022

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16 Mar 2023RentedNew contract
AED 126,497/yr2 months · AED 54 per sqft
21 Nov 2022SoldReady
AED 2,850,000AED 1,215 per sqft
15 Mar 2022RentedRenewal
AED 116,300/yr12 months · AED 50 per sqft
15 Mar 2021RentedRenewal
AED 112,500/yr12 months · AED 48 per sqft
15 Mar 2020RentedNew contract
AED 112,500/yr12 months · AED 48 per sqft
22 Feb 2019RentedNew contract
AED 185,000/yr12 months · AED 79 per sqft
22 Feb 2018RentedRenewal
AED 185,000/yr12 months · AED 79 per sqft
22 Feb 2015RentedNew contract
AED 185,000/yr12 months · AED 79 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 16 March 2023.

Key facts

Type
3-bed villa
Size
2,345 sqft
Developer
Emaar
Completed
2005
Service charge
AED 5,000 /yr
Last sold
AED 2.85M · November 2022
Community
The Springs 1

About S02/TH02, The Springs 1

S02/TH02 is a three-bedroom villa of 2,345 sqft in The Springs 1, a villa community in The Springs completed in 2005 by Emaar. It last sold on 21 November 2022 for AED 2,850,000, or AED 1,215 per sqft, 8% below the AED 1,326 three-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, signed on 16 March 2023, is AED 126,497 a year: a gross yield of 4.4% on the 2022 price, before the service charge of about AED 5,000 a year.

Sales and rents for S02/TH02 over time

Sales
Villa S02/TH02, each saleTypical three-bed in The Springs 1
02.5M5M2007201220172022Typical sale price by year: 2007 AED 846,888; 2008 AED 1,530,000; 2009 AED 1,121,388; 2010 AED 1,808,334; 2011 AED 2,412,250; 2012 AED 2,150,000; 2013 AED 2,900,000; 2014 AED 3,075,000; 2015 AED 2,387,500; 2016 AED 2,745,000; 2017 AED 2,705,000; 2018 AED 2,425,000; 2019 AED 2,250,000; 2020 AED 2,265,000; 2021 AED 2,762,500; 2022 AED 3,150,000; 2023 AED 4,225,000; 2024 AED 4,550,000; 2025 AED 5,950,000Sold by developer, October 2008: AED 810,888 (AED 345 per sqft)Sold, November 2010: AED 1,648,000 (AED 702 per sqft)Sold, November 2012: AED 1,875,000 (AED 799 per sqft)Sold, November 2022: AED 2,850,000 (AED 1,215 per sqft)

S02/TH02 has sold 4 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa S02/TH02, each contractTypical three-bed in The Springs 1
100K200K2011201520192023Typical rent by year: 2011 AED 145,000; 2012 AED 142,000; 2013 AED 170,000; 2014 AED 186,000; 2015 AED 190,000; 2016 AED 190,000; 2017 AED 180,000; 2018 AED 170,000; 2019 AED 145,000; 2020 AED 131,250; 2021 AED 140,000; 2022 AED 150,000; 2023 AED 181,750; 2024 AED 225,000; 2025 AED 247,500New contract, February 2013: AED 170,000 a yearNew contract, February 2015: AED 185,000 a yearRenewal, February 2018: AED 185,000 a yearNew contract, February 2019: AED 185,000 a yearNew contract, March 2020: AED 112,500 a yearRenewal, March 2021: AED 112,500 a yearRenewal, March 2022: AED 116,300 a yearNew contract, March 2023: AED 126,497 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 The Springs 1, and where S02/TH02 sits

All 95 3-beds →

S02/TH02 last sold in November 2022 at AED 1,215 per sqft, 8% below what three-beds in The Springs 1 were fetching at the time (AED 1,326). Over the last 12 months three-beds sold for AED 5,650,000 to 7,600,000, around AED 2,603 per sqft, and rent for AED 183,425 to 263,000 a year. S02/TH02's AED 126,497 is at the bottom of that range.

Recent 3-bed salesVilla no.Price (AED)Summary
27 Jan 20265,650,000
5 Jan 20267,600,000
13 Nov 20256,000,000
31 Oct 20255,900,000
3 3-bed sales in the last 12 months

The Springs 1

Community

237 villas, 2-bed to 6-bed in The Springs, completed in 2005 by Emaar. 7 sold in the last 12 months.

Typical price per sqft
AED 2,395
Typical sale
AED 4.35M
Typical rent
AED 190K /yr
Typical yield
4.6%
The Springs 1, The Springs: prices, sales and rents →

S02/TH02, The Springs 1 in numbers

  • Sold 4 times: first on 22 October 2008 for AED 810,888, last on 21 November 2022 for AED 2,850,000 (AED 1,215 per sqft).
  • Rented since February 2013 on 8 Ejari contracts. The rent fell from AED 170,000 to AED 112,500 in 2021 and recovered to AED 126,497 by March 2023.
  • At AED 126,497 a year the gross yield on the 2022 price is 4.4%, before a service charge of about AED 5,000 a year (AED 2.13 per sqft).
  • Three-beds in The Springs 1 sold for AED 5,650,000–7,600,000 in the 12 months to November 2026; the community's median across all types is AED 2,395 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 16 March 2023.

Questions about S02/TH02, The Springs 1

What did villa S02/TH02 last sell for?

AED 2,850,000 on 21 November 2022: AED 1,215 per sqft for 2,345 sqft. The villa has 4 registered sales; the first was AED 810,888 in October 2008.

What is the rent for villa S02/TH02?

AED 126,497 a year on the contract signed on 16 March 2023. The previous contract, from March 2022, was AED 116,300; the villa has been rented since February 2013.

How big is villa S02/TH02?

2,345 sqft (217.9 sqm): a three-bedroom villa in The Springs 1, completed in 2005.

What is villa S02/TH02 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in The Springs 1 sold for AED 5,650,000 to 7,600,000 in the last 12 months, around AED 2,603 per sqft.

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Mortgage on S02/TH02, The Springs 1

Starts from the last sale price (AED 2.85M, 21 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,850,000
Deposit, UAE resident (20%)
AED 570,000
Deposit, non-resident (40%)
AED 1,140,000
Monthly over 25 years at 3.7%
AED 11,660

Plus AED 124,710 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →