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2-bed · 2,706 sqftThe Springs 1, The Springs · completed 2005

S03/TH11, The Springs 1

Sold prices and rental history: sold once, by the developer in September 2007, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S03/TH11 · DLD and Ejari recordsUpdated 25 September 2024
Last soldAED 529K5 September 2007
Current rentAED 275K /yr25 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S03/TH11, The Springs 1

What is S03/TH11 worth today?

Last sold for AED 529,444 in 2007

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25 Sep 2024RentedRenewal
AED 275,000/yr12 months · AED 102 per sqft
25 Sep 2022RentedNew contract
AED 255,000/yr12 months · AED 94 per sqft
30 Jul 2021RentedRenewal
AED 150,000/yr12 months · AED 55 per sqft
30 Jul 2020RentedNew contract
AED 150,000/yr12 months · AED 55 per sqft
17 Nov 2019RentedRenewal
AED 175,000/yr12 months · AED 65 per sqft
17 Nov 2018RentedRenewal
AED 195,000/yr12 months · AED 72 per sqft
17 Nov 2017RentedRenewal
AED 205,000/yr12 months · AED 76 per sqft
17 Nov 2016RentedNew contract
AED 205,000/yr12 months · AED 76 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 25 September 2024.

Key facts

Type
2-bed villa
Size
2,706 sqft
Developer
Emaar
Completed
2005
Service charge
AED 5,800 /yr
Last sold
AED 529K · September 2007
Community
The Springs 1

About S03/TH11, The Springs 1

S03/TH11 is a two-bedroom villa of 2,706 sqft in The Springs 1, a villa community in The Springs completed in 2005 by Emaar. The developer sold it on 5 September 2007 for AED 529,444, or AED 195 per sqft, 54% below the AED 423 two-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 25 September 2024, is AED 275,000 a year: a gross yield of 51.9% on the 2007 price, before the service charge of about AED 5,800 a year.

Sales and rents for S03/TH11 over time

Sales
Villa S03/TH11, 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 S03/TH11; the dashed line is the two-bed median of each year in the community.

Rents
Villa S03/TH11, each contractTypical two-bed in The Springs 1
100K200K300K20112015201920232027Typical 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, August 2013: AED 220,000 a yearNew contract, June 2015: AED 225,000 a yearNew contract, November 2016: AED 205,000 a yearRenewal, November 2017: AED 205,000 a yearRenewal, November 2018: AED 195,000 a yearRenewal, November 2019: AED 175,000 a yearNew contract, July 2020: AED 150,000 a yearRenewal, July 2021: AED 150,000 a yearNew contract, September 2022: AED 255,000 a yearRenewal, September 2024: AED 275,000 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 S03/TH11 sits

All 132 2-beds →

S03/TH11 last sold in September 2007 at AED 195 per sqft, 54% below what two-beds in The Springs 1 were fetching at the time (AED 423). 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. S03/TH11's AED 275,000 is at the top 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 →

S03/TH11, The Springs 1 in numbers

  • Sold once: by Emaar on 5 September 2007 for AED 529,444, or AED 195 per sqft.
  • Rented since August 2013 on 10 Ejari contracts. The rent fell from AED 220,000 to AED 150,000 in 2021 and recovered to AED 275,000 by September 2024.
  • At AED 275,000 a year the gross yield on the 2007 price is 51.9%, before a service charge of about AED 5,800 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 25 September 2024.

Questions about S03/TH11, The Springs 1

What did villa S03/TH11 last sell for?

AED 529,444 on 5 September 2007, sold by the developer: AED 195 per sqft for 2,706 sqft. It is the only registered sale of the villa.

What is the rent for villa S03/TH11?

AED 275,000 a year on the contract renewed on 25 September 2024. The previous contract, from September 2022, was AED 255,000; the villa has been rented since August 2013.

How big is villa S03/TH11?

2,706 sqft (251.4 sqm): a two-bedroom villa in The Springs 1, completed in 2005.

What is villa S03/TH11 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 S03/TH11, The Springs 1

Starts from the last sale price (AED 529K, 5 September 2007). Switch to today's estimate once you have unlocked it.
Price
AED 529,444
Deposit, UAE resident (20%)
AED 105,889
Deposit, non-resident (40%)
AED 211,778
Monthly over 25 years at 3.7%
AED 2,166

Plus AED 27,247 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →