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2-bed · 1,631 sqftThe Springs 1, The Springs · completed 2005

S02/TH08, The Springs 1

Sold prices and rental history: sold once, by the developer in October 2008, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S02/TH08 · DLD and Ejari recordsUpdated 1 April 2024
Last soldAED 1.2M19 October 2008
Current rentAED 70K /yr1 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S02/TH08, The Springs 1

What is S02/TH08 worth today?

Last sold for AED 1,200,000 in 2008

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1 Apr 2024RentedNew contract
AED 70,000/yr12 months · AED 43 per sqft
1 Jan 2023RentedRenewal
AED 107,000/yr12 months · AED 66 per sqft
1 Jan 2021RentedNew contract
AED 90,000/yr12 months · AED 55 per sqft
7 Nov 2019RentedNew contract
AED 82,500/yr12 months · AED 51 per sqft
4 Jun 2019RentedRenewal
AED 105,288/yr4 months · AED 65 per sqft
4 Jun 2018RentedNew contract
AED 105,000/yr12 months · AED 64 per sqft
21 Nov 2016RentedRenewal
AED 130,000/yr12 months · AED 80 per sqft
20 Nov 2015RentedRenewal
AED 134,626/yr12 months · AED 83 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 April 2024.

Key facts

Type
2-bed villa
Size
1,631 sqft
Developer
Emaar
Completed
2005
Service charge
AED 3,500 /yr
Last sold
AED 1.2M · October 2008
Community
The Springs 1

About S02/TH08, The Springs 1

S02/TH08 is a two-bedroom villa of 1,631 sqft in The Springs 1, a villa community in The Springs completed in 2005 by Emaar. The developer sold it on 19 October 2008 for AED 1,200,000, or AED 735 per sqft, 13% above the AED 651 two-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, signed on 1 April 2024, is AED 70,000 a year: a gross yield of 5.8% on the 2008 price, before the service charge of about AED 3,500 a year.

Sales and rents for S02/TH08 over time

Sales
Villa S02/TH08, each saleTypical two-bed in The Springs 1
2M2007201220172022Typical sale price by year: 2007 AED 717,888; 2008 AED 1,228,944; 2009 AED 981,450; 2010 AED 1,292,500; 2011 AED 1,410,000; 2012 AED 1,430,000; 2013 AED 1,975,000; 2014 AED 2,125,000; 2015 AED 2,000,000; 2016 AED 2,140,000; 2017 AED 2,275,000; 2018 AED 1,675,000; 2019 AED 1,550,000; 2020 AED 1,500,000; 2022 AED 2,150,000; 2023 AED 2,450,000; 2024 AED 3,000,000; 2025 AED 3,450,000Sold by developer, October 2008: AED 1,200,000 (AED 735 per sqft)

S02/TH08 has sold once; the dashed line is the two-bed median of each year in the community.

Rents
Villa S02/TH08, each contractTypical two-bed in The Springs 1
100K200K20112015201920232027Typical rent by year: 2011 AED 110,000; 2012 AED 100,000; 2013 AED 119,678; 2014 AED 135,000; 2015 AED 140,000; 2016 AED 140,000; 2017 AED 135,000; 2018 AED 120,000; 2019 AED 114,500; 2020 AED 95,000; 2021 AED 100,000; 2022 AED 110,000; 2023 AED 125,000; 2024 AED 154,896; 2025 AED 171,250; 2026 AED 200,000New contract, July 2013: AED 102,079 a yearNew contract, November 2014: AED 135,000 a yearRenewal, November 2015: AED 134,626 a yearRenewal, November 2016: AED 130,000 a yearNew contract, June 2018: AED 105,000 a yearRenewal, June 2019: AED 105,288 a yearNew contract, November 2019: AED 82,500 a yearNew contract, January 2021: AED 90,000 a yearRenewal, January 2023: AED 107,000 a yearNew contract, April 2024: AED 70,000 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 The Springs 1, and where S02/TH08 sits

All 132 2-beds →

S02/TH08 last sold in October 2008 at AED 735 per sqft, 13% above what two-beds in The Springs 1 were fetching at the time (AED 651). Over the last 12 months two-beds sold for AED 2,900,000 to 4,350,000, around AED 2,003 per sqft, and rent for AED 115,000 to 270,000 a year. S02/TH08's AED 70,000 is at the bottom of that range.

Recent 2-bed salesVilla no.Price (AED)Summary
10 Feb 20263,650,000
2 Feb 20264,350,000
25 Dec 20253,300,000
17 Nov 20252,900,000
4 2-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. 6 sold in the last 12 months.

Typical price per sqft
AED 2,222
Typical sale
AED 4M
Typical rent
AED 190K /yr
Typical yield
5.0%
The Springs 1, The Springs: prices, sales and rents →

S02/TH08, The Springs 1 in numbers

  • Sold once: by Emaar on 19 October 2008 for AED 1,200,000, or AED 735 per sqft.
  • Rented since July 2013 on 10 Ejari contracts, from AED 102,079 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2008 price is 5.8%, before a service charge of about AED 3,500 a year (AED 2.13 per sqft).
  • Two-beds in The Springs 1 sold for AED 2,900,000–4,350,000 in the 12 months to November 2026; the community's median across all types is AED 2,222 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 1 April 2024.

Questions about S02/TH08, The Springs 1

What did villa S02/TH08 last sell for?

AED 1,200,000 on 19 October 2008, sold by the developer: AED 735 per sqft for 1,631 sqft. It is the only registered sale of the villa.

What is the rent for villa S02/TH08?

AED 70,000 a year on the contract signed on 1 April 2024. The previous contract, from January 2023, was AED 107,000; the villa has been rented since July 2013.

How big is villa S02/TH08?

1,631 sqft (151.5 sqm): a two-bedroom villa in The Springs 1, completed in 2005.

What is villa S02/TH08 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Springs 1 sold for AED 2,900,000 to 4,350,000 in the last 12 months, around AED 2,003 per sqft.

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Mortgage on S02/TH08, The Springs 1

Starts from the last sale price (AED 1.2M, 19 October 2008). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

Plus AED 55,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →