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2-bed · 1,806 sqftThe Springs 1, The Springs · completed 2005

S06/TH31, The Springs 1

Sold prices and rental history: sold 3 times, last in May 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S06/TH31 · DLD and Ejari recordsUpdated 2 May 2023
Last soldAED 2.4M2 May 2023
Current rentAED 100K /yr1 January 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S06/TH31, The Springs 1

What is S06/TH31 worth today?

Last sold for AED 2,400,000 in 2023

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2 May 2023SoldReady
AED 2,400,000AED 1,329 per sqft
21 Apr 2022SoldReady
AED 1,850,000AED 1,024 per sqft
1 Jan 2022RentedRenewal
AED 100,000/yr14 months · AED 55 per sqft
31 Oct 2020RentedRenewal
AED 90,000/yr14 months · AED 50 per sqft
1 Oct 2018RentedNew contract
AED 110,000/yr12 months · AED 61 per sqft
1 Jun 2017RentedNew contract
AED 135,000/yr12 months · AED 75 per sqft
1 Jun 2015RentedNew contract
AED 135,000/yr12 months · AED 75 per sqft
1 Jun 2014RentedNew contract
AED 100,000/yr12 months · AED 55 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 2 May 2023.

Key facts

Type
2-bed villa
Size
1,806 sqft
Developer
Emaar
Completed
2005
Service charge
AED 3,800 /yr
Last sold
AED 2.4M · May 2023
Community
The Springs 1

About S06/TH31, The Springs 1

S06/TH31 is a two-bedroom villa of 1,806 sqft in The Springs 1, a villa community in The Springs completed in 2005 by Emaar. It last sold on 2 May 2023 for AED 2,400,000, or AED 1,329 per sqft, 3% above the AED 1,288 two-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 1 January 2022, is AED 100,000 a year: a gross yield of 4.2% on the 2023 price, before the service charge of about AED 3,800 a year.

Sales and rents for S06/TH31 over time

Sales
Villa S06/TH31, 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, August 2007: AED 1,000,000 (AED 553 per sqft)Sold, April 2022: AED 1,850,000 (AED 1,024 per sqft)Sold, May 2023: AED 2,400,000 (AED 1,329 per sqft)

S06/TH31 has sold 3 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa S06/TH31, each contractTypical two-bed in The Springs 1
100K150K200K20112015201920232027Typical 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, June 2013: AED 100,000 a yearNew contract, June 2014: AED 100,000 a yearNew contract, June 2015: AED 135,000 a yearNew contract, June 2017: AED 135,000 a yearNew contract, October 2018: AED 110,000 a yearRenewal, October 2020: AED 90,000 a yearRenewal, January 2022: AED 100,000 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/TH31 sits

All 132 2-beds →

S06/TH31 last sold in May 2023 at AED 1,329 per sqft, 3% above what two-beds in The Springs 1 were fetching at the time (AED 1,288). 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/TH31's AED 100,000 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/TH31, The Springs 1 in numbers

  • Sold 3 times: first on 27 August 2007 for AED 1,000,000, last on 2 May 2023 for AED 2,400,000 (AED 1,329 per sqft).
  • Rented since June 2013 on 7 Ejari contracts, at AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2023 price is 4.2%, before a service charge of about AED 3,800 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 2 May 2023.

Questions about S06/TH31, The Springs 1

What did villa S06/TH31 last sell for?

AED 2,400,000 on 2 May 2023: AED 1,329 per sqft for 1,806 sqft. The villa has 3 registered sales; the first was AED 1,000,000 in August 2007.

What is the rent for villa S06/TH31?

AED 100,000 a year on the contract renewed on 1 January 2022. The previous contract, from October 2020, was AED 90,000; the villa has been rented since June 2013.

How big is villa S06/TH31?

1,806 sqft (167.8 sqm): a two-bedroom villa in The Springs 1, completed in 2005.

What is villa S06/TH31 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/TH31, The Springs 1

Starts from the last sale price (AED 2.4M, 2 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,400,000
Deposit, UAE resident (20%)
AED 480,000
Deposit, non-resident (40%)
AED 960,000
Monthly over 25 years at 3.7%
AED 9,819

Plus AED 105,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →