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3-bed · 2,342 sqftThe Springs 1, The Springs · completed 2005

S08/TH02, The Springs 1

Sold prices and rental history: sold twice, last in December 2018, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S08/TH02 · DLD and Ejari recordsUpdated 19 December 2018
Last soldAED 2.43M19 December 2018
Current rentAED 200K /yr1 October 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S08/TH02, The Springs 1

What is S08/TH02 worth today?

Last sold for AED 2,425,000 in 2018

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19 Dec 2018SoldReady
AED 2,425,000AED 1,035 per sqft
1 Oct 2017RentedRenewal
AED 200,000/yr12 months · AED 85 per sqft
1 Oct 2016RentedRenewal
AED 200,000/yr12 months · AED 85 per sqft
1 Oct 2015RentedRenewal
AED 200,000/yr12 months · AED 85 per sqft
25 Jul 2013RentedNew contract
AED 180,000/yr12 months · AED 77 per sqft
7 Jan 2013RentedNew contract
AED 80,000/yr6 months · AED 34 per sqft
20 Aug 2008Sold by developerReady
AED 1,182,500AED 504 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 19 December 2018.

Key facts

Type
3-bed villa
Size
2,342 sqft
Developer
Emaar
Completed
2005
Service charge
AED 5,000 /yr
Last sold
AED 2.43M · December 2018
Community
The Springs 1

About S08/TH02, The Springs 1

S08/TH02 is a three-bedroom villa of 2,342 sqft in The Springs 1, a villa community in The Springs completed in 2005 by Emaar. It last sold on 19 December 2018 for AED 2,425,000, or AED 1,035 per sqft, in line with the AED 1,041 three-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, renewed on 1 October 2017, is AED 200,000 a year: a gross yield of 8.3% on the 2018 price, before the service charge of about AED 5,000 a year.

Sales and rents for S08/TH02 over time

Sales
Villa S08/TH02, 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, August 2008: AED 1,182,500 (AED 504 per sqft)Sold, December 2018: AED 2,425,000 (AED 1,035 per sqft)

S08/TH02 has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa S08/TH02, each contractTypical three-bed in The Springs 1
100K200K2011201520192023Typical 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, January 2013: AED 80,000 a yearNew contract, July 2013: AED 180,000 a yearRenewal, October 2015: AED 200,000 a yearRenewal, October 2016: AED 200,000 a yearRenewal, October 2017: AED 200,000 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 S08/TH02 sits

All 95 3-beds →

S08/TH02 last sold in December 2018 at AED 1,035 per sqft, in line with what three-beds in The Springs 1 were fetching at the time (AED 1,041). Over the last 12 months three-beds sold for AED 5,650,000 to 7,600,000, around AED 2,603 per sqft, and rent for AED 183,425 to 263,000 a year. S08/TH02's AED 200,000 is in the lower 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
3 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. 7 sold in the last 12 months.

Typical price per sqft
AED 2,395
Typical sale
AED 4.35M
Typical rent
AED 190K /yr
Typical yield
4.6%
The Springs 1, The Springs: prices, sales and rents →

S08/TH02, The Springs 1 in numbers

  • Sold twice: first on 20 August 2008 for AED 1,182,500, last on 19 December 2018 for AED 2,425,000 (AED 1,035 per sqft).
  • Rented since January 2013 on 5 Ejari contracts, from AED 80,000 to AED 200,000 a year.
  • At AED 200,000 a year the gross yield on the 2018 price is 8.3%, before a service charge of about AED 5,000 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 2,395 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 19 December 2018.

Questions about S08/TH02, The Springs 1

What did villa S08/TH02 last sell for?

AED 2,425,000 on 19 December 2018: AED 1,035 per sqft for 2,342 sqft. The villa has 2 registered sales; the first was AED 1,182,500 in August 2008.

What is the rent for villa S08/TH02?

AED 200,000 a year on the contract renewed on 1 October 2017. The previous contract, from October 2016, was AED 200,000; the villa has been rented since January 2013.

How big is villa S08/TH02?

2,342 sqft (217.6 sqm): a three-bedroom villa in The Springs 1, completed in 2005.

What is villa S08/TH02 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 2,603 per sqft.

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Mortgage on S08/TH02, The Springs 1

Starts from the last sale price (AED 2.43M, 19 December 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,425,000
Deposit, UAE resident (20%)
AED 485,000
Deposit, non-resident (40%)
AED 970,000
Monthly over 25 years at 3.7%
AED 9,921

Plus AED 106,860 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →