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3-bed · 3,036 sqftThe Springs 1, The Springs · completed 2005

S02/TH40, The Springs 1

Sold prices and rental history: sold 4 times, last in August 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S02/TH40 · DLD and Ejari recordsUpdated 5 August 2024
Last soldAED 5.78M5 August 2024
Current rentAED 230K /yr1 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S02/TH40, The Springs 1

What is S02/TH40 worth today?

Last sold for AED 5,775,000 in 2024

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5 Aug 2024SoldReady
AED 5,775,000AED 1,901 per sqft
1 Jun 2023RentedRenewal
AED 230,000/yr12 months · AED 76 per sqft
1 Jun 2022RentedRenewal
AED 170,000/yr12 months · AED 56 per sqft
1 Jun 2021RentedNew contract
AED 168,000/yr12 months · AED 55 per sqft
17 Aug 2020RentedNew contract
AED 145,000/yr12 months · AED 48 per sqft
20 Mar 2020RentedNew contract
AED 165,000/yr12 months · AED 54 per sqft
1 Aug 2019RentedRenewal
AED 162,000/yr12 months · AED 53 per sqft
1 Apr 2019RentedRenewal
AED 170,000/yr4 months · AED 56 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 5 August 2024.

Key facts

Type
3-bed villa
Size
3,036 sqft
Developer
Emaar
Completed
2005
Service charge
AED 6,500 /yr
Last sold
AED 5.78M · August 2024
Community
The Springs 1

About S02/TH40, The Springs 1

S02/TH40 is a three-bedroom villa of 3,036 sqft in The Springs 1, a villa community in The Springs completed in 2005 by Emaar. It last sold on 5 August 2024 for AED 5,775,000, or AED 1,901 per sqft, 20% above the AED 1,580 three-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, renewed on 1 June 2023, is AED 230,000 a year: a gross yield of 4.0% on the 2024 price, before the service charge of about AED 6,500 a year.

Sales and rents for S02/TH40 over time

Sales
Villa S02/TH40, 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, August 2008: AED 2,250,000 (AED 741 per sqft)Sold, June 2011: AED 2,515,000 (AED 828 per sqft)Sold, August 2024: AED 5,775,000 (AED 1,901 per sqft)

S02/TH40 has sold 3 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa S02/TH40, 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, November 2013: AED 199,446 a yearNew contract, November 2015: AED 220,000 a yearNew contract, April 2017: AED 200,000 a yearRenewal, April 2018: AED 200,000 a yearRenewal, April 2019: AED 170,000 a yearRenewal, August 2019: AED 162,000 a yearNew contract, March 2020: AED 165,000 a yearNew contract, August 2020: AED 145,000 a yearNew contract, June 2021: AED 168,000 a yearRenewal, June 2022: AED 170,000 a yearRenewal, June 2023: AED 230,000 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/TH40 sits

All 95 3-beds →

S02/TH40 last sold in August 2024 at AED 1,901 per sqft, 20% above what three-beds in The Springs 1 were fetching at the time (AED 1,580). 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/TH40's AED 230,000 is in the upper half 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/TH40, The Springs 1 in numbers

  • Sold 4 times: first on 27 November 2007 for AED 585,944, last on 5 August 2024 for AED 5,775,000 (AED 1,901 per sqft).
  • Rented since November 2013 on 11 Ejari contracts. The rent fell from AED 199,446 to AED 145,000 in 2020 and recovered to AED 230,000 by June 2023.
  • At AED 230,000 a year the gross yield on the 2024 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 5 August 2024.

Questions about S02/TH40, The Springs 1

What did villa S02/TH40 last sell for?

AED 5,775,000 on 5 August 2024: AED 1,901 per sqft for 3,036 sqft. The villa has 4 registered sales; the first was AED 585,944 in November 2007.

What is the rent for villa S02/TH40?

AED 230,000 a year on the contract renewed on 1 June 2023. The previous contract, from June 2022, was AED 170,000; the villa has been rented since November 2013.

How big is villa S02/TH40?

3,036 sqft (282.1 sqm): a three-bedroom villa in The Springs 1, completed in 2005.

What is villa S02/TH40 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.

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Mortgage on S02/TH40, The Springs 1

Starts from the last sale price (AED 5.78M, 5 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 5,775,000
Deposit, UAE resident (20%)
AED 1,155,000
Deposit, non-resident (40%)
AED 2,310,000
Monthly over 25 years at 3.7%
AED 23,627

Plus AED 247,560 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →