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

S02/TH24, The Springs 1

Sold prices and rental history: sold once, by the developer in April 2008, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S02/TH24 · DLD and Ejari recordsUpdated 6 September 2024
Last soldAED 1.13M13 April 2008
Current rentAED 160K /yr6 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S02/TH24, The Springs 1

What is S02/TH24 worth today?

Last sold for AED 1,130,000 in 2008

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6 Sep 2024RentedNew contract
AED 160,000/yr12 months · AED 91 per sqft
6 Sep 2023RentedNew contract
AED 160,000/yr12 months · AED 91 per sqft
15 Jan 2022RentedRenewal
AED 85,800/yr12 months · AED 49 per sqft
15 Jan 2021RentedRenewal
AED 78,000/yr12 months · AED 44 per sqft
15 Jan 2020RentedNew contract
AED 78,000/yr12 months · AED 44 per sqft
17 Jul 2019RentedRenewal
AED 115,000/yr12 months · AED 65 per sqft
17 Jul 2018RentedNew contract
AED 115,000/yr12 months · AED 65 per sqft
17 Jul 2018RentedNew contract
AED 115,000/yr12 months · AED 65 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 6 September 2024.

Key facts

Type
2-bed villa
Size
1,764 sqft
Developer
Emaar
Completed
2005
Service charge
AED 3,800 /yr
Last sold
AED 1.13M · April 2008
Community
The Springs 1

About S02/TH24, The Springs 1

S02/TH24 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 13 April 2008 for AED 1,130,000, or AED 640 per sqft, 51% above the AED 424 two-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 13 Ejari contracts. The current contract, signed on 6 September 2024, is AED 160,000 a year: a gross yield of 14.2% on the 2008 price, before the service charge of about AED 3,800 a year.

Sales and rents for S02/TH24 over time

Sales
Villa S02/TH24, 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, April 2008: AED 1,130,000 (AED 640 per sqft)

S02/TH24 has sold once; the dashed line is the two-bed median of each year in the community.

Rents
Villa S02/TH24, 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, December 2012: AED 100,000 a yearNew contract, December 2013: AED 100,000 a yearNew contract, December 2014: AED 110,000 a yearNew contract, February 2015: AED 130,000 a yearRenewal, February 2017: AED 130,000 a yearNew contract, July 2018: AED 115,000 a yearNew contract, July 2018: AED 115,000 a yearRenewal, July 2019: AED 115,000 a yearNew contract, January 2020: AED 78,000 a yearRenewal, January 2021: AED 78,000 a yearRenewal, January 2022: AED 85,800 a yearNew contract, September 2023: AED 160,000 a yearNew contract, September 2024: AED 160,000 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/TH24 sits

All 132 2-beds →

S02/TH24 last sold in April 2008 at AED 640 per sqft, 51% above what two-beds in The Springs 1 were fetching at the time (AED 424). 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/TH24's AED 160,000 is in the lower half 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. 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/TH24, The Springs 1 in numbers

  • Sold once: by Emaar on 13 April 2008 for AED 1,130,000, or AED 640 per sqft.
  • Rented since December 2012 on 13 Ejari contracts. The rent fell from AED 100,000 to AED 78,000 in 2021 and recovered to AED 160,000 by September 2024.
  • At AED 160,000 a year the gross yield on the 2008 price is 14.2%, 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 2,395 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 6 September 2024.

Questions about S02/TH24, The Springs 1

What did villa S02/TH24 last sell for?

AED 1,130,000 on 13 April 2008, sold by the developer: AED 640 per sqft for 1,764 sqft. It is the only registered sale of the villa.

What is the rent for villa S02/TH24?

AED 160,000 a year on the contract signed on 6 September 2024. The previous contract, from September 2023, was AED 160,000; the villa has been rented since December 2012.

How big is villa S02/TH24?

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

What is villa S02/TH24 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/TH24, The Springs 1

Starts from the last sale price (AED 1.13M, 13 April 2008). Switch to today's estimate once you have unlocked it.
Price
AED 1,130,000
Deposit, UAE resident (20%)
AED 226,000
Deposit, non-resident (40%)
AED 452,000
Monthly over 25 years at 3.7%
AED 4,623

Plus AED 52,470 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →