Home
Dubai prices
About
Research
3-bed · 2,359 sqftThe Springs 1, The Springs · completed 2005

S02/TH03, The Springs 1

Sold prices and rental history: sold once, by the developer in October 2009, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S02/TH03 · DLD and Ejari recordsUpdated 7 February 2023
Last soldAED 1.15M13 October 2009
Current rentAED 220K /yr7 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S02/TH03, The Springs 1

What is S02/TH03 worth today?

Last sold for AED 1,150,000 in 2009

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

7 Feb 2023RentedNew contract
AED 220,000/yr12 months · AED 93 per sqft
1 Jan 2022RentedRenewal
AED 126,500/yr13 months · AED 54 per sqft
1 Jan 2021RentedNew contract
AED 115,000/yr12 months · AED 49 per sqft
1 Jan 2020RentedNew contract
AED 115,000/yr12 months · AED 49 per sqft
28 Dec 2018RentedRenewal
AED 155,000/yr12 months · AED 66 per sqft
28 Dec 2016RentedRenewal
AED 175,000/yr12 months · AED 74 per sqft
28 Dec 2015RentedNew contract
AED 175,000/yr12 months · AED 74 per sqft
20 Feb 2015RentedNew contract
AED 165,000/yr12 months · AED 70 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 7 February 2023.

Key facts

Type
3-bed villa
Size
2,359 sqft
Developer
Emaar
Completed
2005
Service charge
AED 5,000 /yr
Last sold
AED 1.15M · October 2009
Community
The Springs 1

About S02/TH03, The Springs 1

S02/TH03 is a three-bedroom villa of 2,359 sqft in The Springs 1, a villa community in The Springs completed in 2005 by Emaar. The developer sold it on 13 October 2009 for AED 1,150,000, or AED 487 per sqft, in line with the AED 481 three-beds in the community were fetching at the time.

It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, signed on 7 February 2023, is AED 220,000 a year: a gross yield of 19.1% on the 2009 price, before the service charge of about AED 5,000 a year.

Sales and rents for S02/TH03 over time

Sales
Villa S02/TH03, 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 2009: AED 1,150,000 (AED 487 per sqft)

S02/TH03 has sold once; the dashed line is the three-bed median of each year in the community.

Rents
Villa S02/TH03, 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, March 2014: AED 144,451 a yearNew contract, February 2015: AED 165,000 a yearNew contract, December 2015: AED 175,000 a yearRenewal, December 2016: AED 175,000 a yearRenewal, December 2018: AED 155,000 a yearNew contract, January 2020: AED 115,000 a yearNew contract, January 2021: AED 115,000 a yearRenewal, January 2022: AED 126,500 a yearNew contract, February 2023: AED 220,000 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 The Springs 1, and where S02/TH03 sits

All 95 3-beds →

S02/TH03 last sold in October 2009 at AED 487 per sqft, in line with what three-beds in The Springs 1 were fetching at the time (AED 481). 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/TH03's AED 220,000 is in the lower half 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/TH03, The Springs 1 in numbers

  • Sold once: by Emaar on 13 October 2009 for AED 1,150,000, or AED 487 per sqft.
  • Rented since March 2014 on 9 Ejari contracts. The rent fell from AED 144,451 to AED 115,000 in 2021 and recovered to AED 220,000 by February 2023.
  • At AED 220,000 a year the gross yield on the 2009 price is 19.1%, 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 7 February 2023.

Questions about S02/TH03, The Springs 1

What did villa S02/TH03 last sell for?

AED 1,150,000 on 13 October 2009, sold by the developer: AED 487 per sqft for 2,359 sqft. It is the only registered sale of the villa.

What is the rent for villa S02/TH03?

AED 220,000 a year on the contract signed on 7 February 2023. The previous contract, from January 2022, was AED 126,500; the villa has been rented since March 2014.

How big is villa S02/TH03?

2,359 sqft (219.2 sqm): a three-bedroom villa in The Springs 1, completed in 2005.

What is villa S02/TH03 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.

Selling S02/TH03? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on S02/TH03, The Springs 1

Starts from the last sale price (AED 1.15M, 13 October 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,150,000
Deposit, UAE resident (20%)
AED 230,000
Deposit, non-resident (40%)
AED 460,000
Monthly over 25 years at 3.7%
AED 4,705

Plus AED 53,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →