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2-bed · 2,228 sqftThe Springs 1, The Springs · completed 2005

S02/TH32, The Springs 1

Sold prices and rental history: sold 3 times, last in August 2019, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S02/TH32 · DLD and Ejari recordsUpdated 28 August 2019
Last soldAED 2.25M28 August 2019
Current rentAED 175K /yr21 July 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S02/TH32, The Springs 1

What is S02/TH32 worth today?

Last sold for AED 2,250,000 in 2019

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28 Aug 2019SoldReady
AED 2,250,000AED 1,009 per sqft
21 Jul 2018RentedRenewal
AED 175,000/yr12 months · AED 79 per sqft
21 Jul 2017RentedNew contract
AED 175,000/yr12 months · AED 79 per sqft
10 Jan 2017SoldReady
AED 2,500,000AED 1,121 per sqft
1 Nov 2015RentedRenewal
AED 84,000/yr12 months · AED 38 per sqft
1 Nov 2014RentedNew contract
AED 84,000/yr12 months · AED 38 per sqft
1 Nov 2013RentedNew contract
AED 84,000/yr12 months · AED 38 per sqft
7 May 2013Sold by developerReady
AED 2,652,000AED 1,190 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 28 August 2019.

Key facts

Type
2-bed villa
Size
2,228 sqft
Developer
Emaar
Completed
2005
Service charge
AED 4,700 /yr
Last sold
AED 2.25M · August 2019
Community
The Springs 1

About S02/TH32, The Springs 1

S02/TH32 is a two-bedroom villa of 2,228 sqft in The Springs 1, a villa community in The Springs completed in 2005 by Emaar. It last sold on 28 August 2019 for AED 2,250,000, or AED 1,009 per sqft, 6% above the AED 949 two-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, renewed on 21 July 2018, is AED 175,000 a year: a gross yield of 7.8% on the 2019 price, before the service charge of about AED 4,700 a year.

Sales and rents for S02/TH32 over time

Sales
Villa S02/TH32, 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, May 2013: AED 2,652,000 (AED 1,190 per sqft)Sold, January 2017: AED 2,500,000 (AED 1,121 per sqft)Sold, August 2019: AED 2,250,000 (AED 1,009 per sqft)

S02/TH32 has sold 3 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa S02/TH32, 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, November 2013: AED 84,000 a yearNew contract, November 2014: AED 84,000 a yearRenewal, November 2015: AED 84,000 a yearNew contract, July 2017: AED 175,000 a yearRenewal, July 2018: AED 175,000 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/TH32 sits

All 132 2-beds →

S02/TH32 last sold in August 2019 at AED 1,009 per sqft, 6% above what two-beds in The Springs 1 were fetching at the time (AED 949). 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/TH32's AED 175,000 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/TH32, The Springs 1 in numbers

  • Sold 3 times: first on 7 May 2013 for AED 2,652,000, last on 28 August 2019 for AED 2,250,000 (AED 1,009 per sqft).
  • Rented since November 2013 on 5 Ejari contracts, from AED 84,000 to AED 175,000 a year.
  • At AED 175,000 a year the gross yield on the 2019 price is 7.8%, before a service charge of about AED 4,700 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 28 August 2019.

Questions about S02/TH32, The Springs 1

What did villa S02/TH32 last sell for?

AED 2,250,000 on 28 August 2019: AED 1,009 per sqft for 2,228 sqft. The villa has 3 registered sales; the first was AED 2,652,000 in May 2013.

What is the rent for villa S02/TH32?

AED 175,000 a year on the contract renewed on 21 July 2018. The previous contract, from July 2017, was AED 175,000; the villa has been rented since November 2013.

How big is villa S02/TH32?

2,228 sqft (207.0 sqm): a two-bedroom villa in The Springs 1, completed in 2005.

What is villa S02/TH32 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/TH32, The Springs 1

Starts from the last sale price (AED 2.25M, 28 August 2019). Switch to today's estimate once you have unlocked it.
Price
AED 2,250,000
Deposit, UAE resident (20%)
AED 450,000
Deposit, non-resident (40%)
AED 900,000
Monthly over 25 years at 3.7%
AED 9,205

Plus AED 99,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →