Home
Dubai prices
About
Research
3-bed · 3,039 sqftThe Springs 1, The Springs · completed 2005

S02/TH38, The Springs 1

Sold prices and rental history: sold 3 times, last in May 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S02/TH38 · DLD and Ejari recordsUpdated 23 May 2022
Last soldAED 3.92M23 May 2022
Current rentAED 155K /yr31 March 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S02/TH38, The Springs 1

What is S02/TH38 worth today?

Last sold for AED 3,915,000 in 2022

Unlock today's estimate, updated daily, with

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

23 May 2022SoldReady
AED 3,915,000AED 1,288 per sqft
31 Mar 2020RentedRenewal
AED 155,000/yr12 months · AED 51 per sqft
10 Nov 2017RentedNew contract
AED 190,000/yr12 months · AED 63 per sqft
10 Nov 2014RentedNew contract
AED 240,000/yr12 months · AED 79 per sqft
1 Oct 2013RentedNew contract
AED 181,900/yr12 months · AED 60 per sqft
16 Jun 2008Sold by developerReady
AED 4,050,000AED 1,332 per sqft
16 Jun 2008SoldReady
AED 1,195,888AED 393 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 23 May 2022.

Key facts

Type
3-bed villa
Size
3,039 sqft
Developer
Emaar
Completed
2005
Service charge
AED 6,500 /yr
Last sold
AED 3.92M · May 2022
Community
The Springs 1

About S02/TH38, The Springs 1

S02/TH38 is a three-bedroom villa of 3,039 sqft in The Springs 1, a villa community in The Springs completed in 2005 by Emaar. It last sold on 23 May 2022 for AED 3,915,000, or AED 1,288 per sqft, in line with the AED 1,314 three-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, renewed on 31 March 2020, is AED 155,000 a year: a gross yield of 4.0% on the 2022 price, before the service charge of about AED 6,500 a year.

Sales and rents for S02/TH38 over time

Sales
Villa S02/TH38, 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, June 2008: AED 4,050,000 (AED 1,332 per sqft)Sold, June 2008: AED 1,195,888 (AED 393 per sqft)Sold, May 2022: AED 3,915,000 (AED 1,288 per sqft)

S02/TH38 has sold 3 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa S02/TH38, each contractTypical three-bed in The Springs 1
200K2011201520192023Typical 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, October 2013: AED 181,900 a yearNew contract, November 2014: AED 240,000 a yearNew contract, November 2017: AED 190,000 a yearRenewal, March 2020: AED 155,000 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/TH38 sits

All 95 3-beds →

S02/TH38 last sold in May 2022 at AED 1,288 per sqft, in line with what three-beds in The Springs 1 were fetching at the time (AED 1,314). Over the last 12 months three-beds sold for AED 5,650,000 to 7,600,000, around AED 2,500 per sqft, and rent for AED 183,425 to 263,000 a year. S02/TH38's AED 155,000 is at the bottom 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
2 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. 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/TH38, The Springs 1 in numbers

  • Sold 3 times: first on 16 June 2008 for AED 1,195,888, last on 23 May 2022 for AED 3,915,000 (AED 1,288 per sqft).
  • Rented since October 2013 on 4 Ejari contracts, from AED 181,900 to AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2022 price is 4.0%, before a service charge of about AED 6,500 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 2,222 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 23 May 2022.

Questions about S02/TH38, The Springs 1

What did villa S02/TH38 last sell for?

AED 3,915,000 on 23 May 2022: AED 1,288 per sqft for 3,039 sqft. The villa has 3 registered sales; the first was AED 1,195,888 in June 2008.

What is the rent for villa S02/TH38?

AED 155,000 a year on the contract renewed on 31 March 2020. The previous contract, from November 2017, was AED 190,000; the villa has been rented since October 2013.

How big is villa S02/TH38?

3,039 sqft (282.3 sqm): a three-bedroom villa in The Springs 1, completed in 2005.

What is villa S02/TH38 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 2,500 per sqft.

Selling S02/TH38? 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/TH38, The Springs 1

Starts from the last sale price (AED 3.92M, 23 May 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,915,000
Deposit, UAE resident (20%)
AED 783,000
Deposit, non-resident (40%)
AED 1,566,000
Monthly over 25 years at 3.7%
AED 16,017

Plus AED 169,440 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →