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2-bed · 1,698 sqftThe Springs 1, The Springs · completed 2005

S06/TH23, The Springs 1

Sold prices and rental history: sold once, by the developer in September 2007, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S06/TH23 · DLD and Ejari recordsUpdated 29 September 2023
Last soldAED 314K30 September 2007
Current rentAED 90K /yr29 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S06/TH23, The Springs 1

What is S06/TH23 worth today?

Last sold for AED 314,444 in 2007

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29 Sep 2023RentedRenewal
AED 90,000/yr12 months · AED 53 per sqft
29 Sep 2022RentedRenewal
AED 90,000/yr12 months · AED 53 per sqft
29 Sep 2021RentedRenewal
AED 80,000/yr12 months · AED 47 per sqft
29 Sep 2020RentedRenewal
AED 80,000/yr12 months · AED 47 per sqft
29 Sep 2019RentedRenewal
AED 87,000/yr12 months · AED 51 per sqft
13 Jan 2018RentedNew contract
AED 100,000/yr12 months · AED 59 per sqft
7 Apr 2016RentedNew contract
AED 140,000/yr12 months · AED 82 per sqft
11 Jun 2015RentedNew contract
AED 150,000/yr12 months · AED 88 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 29 September 2023.

Key facts

Type
2-bed villa
Size
1,698 sqft
Developer
Emaar
Completed
2005
Service charge
AED 3,600 /yr
Last sold
AED 314K · September 2007
Community
The Springs 1

About S06/TH23, The Springs 1

S06/TH23 is a two-bedroom villa of 1,698 sqft in The Springs 1, a villa community in The Springs completed in 2005 by Emaar. The developer sold it on 30 September 2007 for AED 314,444, or AED 185 per sqft, 55% below the AED 413 two-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 11 Ejari contracts. The current contract, renewed on 29 September 2023, is AED 90,000 a year: a gross yield of 28.6% on the 2007 price, before the service charge of about AED 3,600 a year.

Sales and rents for S06/TH23 over time

Sales
Villa S06/TH23, 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 S06/TH23; the dashed line is the two-bed median of each year in the community.

Rents
Villa S06/TH23, 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, October 2012: AED 100,000 a yearNew contract, August 2013: AED 201,246 a yearNew contract, May 2014: AED 150,000 a yearNew contract, June 2015: AED 150,000 a yearNew contract, April 2016: AED 140,000 a yearNew contract, January 2018: AED 100,000 a yearRenewal, September 2019: AED 87,000 a yearRenewal, September 2020: AED 80,000 a yearRenewal, September 2021: AED 80,000 a yearRenewal, September 2022: AED 90,000 a yearRenewal, September 2023: AED 90,000 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 S06/TH23 sits

All 132 2-beds →

S06/TH23 last sold in September 2007 at AED 185 per sqft, 55% below what two-beds in The Springs 1 were fetching at the time (AED 413). 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. S06/TH23's AED 90,000 is at the bottom 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 →

S06/TH23, The Springs 1 in numbers

  • Sold once: by Emaar on 30 September 2007 for AED 314,444, or AED 185 per sqft.
  • Rented since October 2012 on 11 Ejari contracts. The rent fell from AED 100,000 to AED 80,000 in 2021 and recovered to AED 90,000 by September 2023.
  • At AED 90,000 a year the gross yield on the 2007 price is 28.6%, before a service charge of about AED 3,600 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 29 September 2023.

Questions about S06/TH23, The Springs 1

What did villa S06/TH23 last sell for?

AED 314,444 on 30 September 2007, sold by the developer: AED 185 per sqft for 1,698 sqft. It is the only registered sale of the villa.

What is the rent for villa S06/TH23?

AED 90,000 a year on the contract renewed on 29 September 2023. The previous contract, from September 2022, was AED 90,000; the villa has been rented since October 2012.

How big is villa S06/TH23?

1,698 sqft (157.7 sqm): a two-bedroom villa in The Springs 1, completed in 2005.

What is villa S06/TH23 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 S06/TH23, The Springs 1

Starts from the last sale price (AED 314K, 30 September 2007). Switch to today's estimate once you have unlocked it.
Price
AED 314,444
Deposit, UAE resident (20%)
AED 62,889
Deposit, non-resident (40%)
AED 125,778
Monthly over 25 years at 3.7%
AED 1,286

Plus AED 16,117 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →