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2-bed · 1,764 sqftThe Springs 1, The Springs · completed 2005

S02/TH18, The Springs 1

Sold prices and rental history: sold once, by the developer in November 2010, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S02/TH18 · DLD and Ejari recordsUpdated 10 January 2024
Last soldAED 336K8 November 2010
Current rentAED 115K /yr10 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S02/TH18, The Springs 1

What is S02/TH18 worth today?

Last sold for AED 336,444 in 2010

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10 Jan 2024RentedNew contract
AED 115,000/yr12 months · AED 65 per sqft
1 Dec 2022RentedRenewal
AED 91,350/yr12 months · AED 52 per sqft
1 Dec 2021RentedNew contract
AED 87,000/yr12 months · AED 49 per sqft
25 Nov 2020RentedNew contract
AED 82,000/yr12 months · AED 46 per sqft
13 Nov 2019RentedNew contract
AED 95,000/yr12 months · AED 54 per sqft
31 May 2018RentedRenewal
AED 104,000/yr12 months · AED 59 per sqft
31 May 2016RentedNew contract
AED 94,594/yr12 months · AED 54 per sqft
31 May 2015RentedRenewal
AED 94,594/yr12 months · AED 54 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 10 January 2024.

Key facts

Type
2-bed villa
Size
1,764 sqft
Developer
Emaar
Completed
2005
Service charge
AED 3,800 /yr
Last sold
AED 336K · November 2010
Community
The Springs 1

About S02/TH18, The Springs 1

S02/TH18 is a two-bedroom villa of 1,764 sqft in The Springs 1, a villa community in The Springs completed in 2005 by Emaar. The developer sold it on 8 November 2010 for AED 336,444, or AED 190 per sqft, 76% below the AED 788 two-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, signed on 10 January 2024, is AED 115,000 a year: a gross yield of 34.2% on the 2010 price, before the service charge of about AED 3,800 a year.

Sales and rents for S02/TH18 over time

Sales
Villa S02/TH18, 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 3,450,000

No registered sale of S02/TH18; the dashed line is the two-bed median of each year in the community.

Rents
Villa S02/TH18, 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, May 2012: AED 78,000 a yearNew contract, May 2013: AED 81,900 a yearRenewal, May 2015: AED 94,594 a yearNew contract, May 2016: AED 94,594 a yearRenewal, May 2018: AED 104,000 a yearNew contract, November 2019: AED 95,000 a yearNew contract, November 2020: AED 82,000 a yearNew contract, December 2021: AED 87,000 a yearRenewal, December 2022: AED 91,350 a yearNew contract, January 2024: AED 115,000 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/TH18 sits

All 132 2-beds →

S02/TH18 last sold in November 2010 at AED 190 per sqft, 76% below what two-beds in The Springs 1 were fetching at the time (AED 788). 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/TH18's AED 115,000 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/TH18, The Springs 1 in numbers

  • Sold once: by Emaar on 8 November 2010 for AED 336,444, or AED 190 per sqft.
  • Rented since May 2012 on 10 Ejari contracts, from AED 78,000 to AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2010 price is 34.2%, before a service charge of about AED 3,800 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 10 January 2024.

Questions about S02/TH18, The Springs 1

What did villa S02/TH18 last sell for?

AED 336,444 on 8 November 2010, sold by the developer: AED 190 per sqft for 1,764 sqft. It is the only registered sale of the villa.

What is the rent for villa S02/TH18?

AED 115,000 a year on the contract signed on 10 January 2024. The previous contract, from December 2022, was AED 91,350; the villa has been rented since May 2012.

How big is villa S02/TH18?

1,764 sqft (163.9 sqm): a two-bedroom villa in The Springs 1, completed in 2005.

What is villa S02/TH18 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/TH18, The Springs 1

Starts from the last sale price (AED 336K, 8 November 2010). Switch to today's estimate once you have unlocked it.
Price
AED 336,444
Deposit, UAE resident (20%)
AED 67,289
Deposit, non-resident (40%)
AED 134,578
Monthly over 25 years at 3.7%
AED 1,376

Plus AED 17,041 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →