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3-bed · 2,354 sqftThe Springs 15, The Springs · completed 2004

S01/TH23, The Springs 15

Sold prices and rental history: sold twice, last in March 2020, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S01/TH23 · DLD and Ejari recordsUpdated 20 June 2022
Last soldAED 1.6M16 March 2020
Current rentAED 116K /yr20 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S01/TH23, The Springs 15

What is S01/TH23 worth today?

Last sold for AED 1,600,000 in 2020

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20 Jun 2022RentedRenewal
AED 115,500/yr12 months · AED 49 per sqft
20 Jun 2021RentedRenewal
AED 105,000/yr12 months · AED 45 per sqft
20 Jun 2020RentedNew contract
AED 95,000/yr12 months · AED 40 per sqft
16 Mar 2020SoldReady
AED 1,600,000AED 679 per sqft
1 Nov 2019RentedNew contract
AED 135,000/yr12 months · AED 57 per sqft
10 Feb 2018RentedNew contract
AED 135,000/yr12 months · AED 57 per sqft
16 Sep 2016RentedRenewal
AED 160,000/yr12 months · AED 68 per sqft
16 Sep 2015RentedNew contract
AED 160,000/yr12 months · AED 68 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 20 June 2022.

Key facts

Type
3-bed villa
Size
2,354 sqft
Developer
Emaar
Completed
2004
Service charge
AED 5,000 /yr
Last sold
AED 1.6M · March 2020
Community
The Springs 15

About S01/TH23, The Springs 15

S01/TH23 is a three-bedroom villa of 2,354 sqft in The Springs 15, a villa community in The Springs completed in 2004 by Emaar. It last sold on 16 March 2020 for AED 1,600,000, or AED 679 per sqft, 11% below the AED 759 three-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 20 June 2022, is AED 115,500 a year: a gross yield of 7.2% on the 2020 price, before the service charge of about AED 5,000 a year.

Sales and rents for S01/TH23 over time

Sales
Villa S01/TH23, each saleTypical three-bed in The Springs 15
02M4M2007201220172022Typical sale price by year: 2007 AED 633,888; 2008 AED 1,028,888; 2009 AED 1,028,888; 2010 AED 679,888; 2011 AED 1,060,000; 2012 AED 1,515,000; 2013 AED 1,775,000; 2014 AED 2,477,500; 2015 AED 2,462,500; 2016 AED 2,375,000; 2017 AED 2,150,000; 2018 AED 2,050,000; 2019 AED 1,500,000; 2020 AED 1,687,500; 2021 AED 2,525,000; 2022 AED 2,550,000; 2023 AED 3,050,000; 2024 AED 4,225,000; 2025 AED 4,999,999Sold by developer, October 2010: AED 316,944 (AED 134 per sqft)Sold, March 2020: AED 1,600,000 (AED 679 per sqft)

S01/TH23 has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa S01/TH23, each contractTypical three-bed in The Springs 15
100K150K20112015201920232027Typical rent by year: 2011 AED 98,500; 2012 AED 120,000; 2013 AED 132,000; 2014 AED 150,000; 2015 AED 156,000; 2016 AED 159,500; 2017 AED 145,000; 2018 AED 135,000; 2019 AED 125,000; 2020 AED 110,000; 2021 AED 115,000; 2022 AED 125,000; 2023 AED 140,000; 2024 AED 160,000; 2025 AED 169,295; 2026 AED 165,000New contract, August 2013: AED 160,000 a yearNew contract, September 2015: AED 160,000 a yearRenewal, September 2016: AED 160,000 a yearNew contract, February 2018: AED 135,000 a yearNew contract, November 2019: AED 135,000 a yearNew contract, June 2020: AED 95,000 a yearRenewal, June 2021: AED 105,000 a yearRenewal, June 2022: AED 115,500 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 15, and where S01/TH23 sits

All 359 3-beds →

S01/TH23 last sold in March 2020 at AED 679 per sqft, 11% below what three-beds in The Springs 15 were fetching at the time (AED 759). Over the last 12 months three-beds sold for AED 5,200,000 to 6,200,000, around AED 2,155 per sqft, and rent for AED 114,385 to 325,000 a year. S01/TH23's AED 115,500 is in the lower half of that range.

Recent 3-bed salesVilla no.Price (AED)Summary
20 Jan 20266,200,000
18 Dec 20255,200,000
10 Nov 20254,500,000
24 Oct 20255,000,000
2 3-bed sales in the last 12 months

The Springs 15

Community

475 villas, 2-bed to 4-bed in The Springs, completed in 2004 by Emaar. 4 sold in the last 12 months.

Typical price per sqft
AED 2,132
Typical sale
AED 4.42M
Typical rent
AED 178K /yr
Typical yield
4.3%
The Springs 15, The Springs: prices, sales and rents →

S01/TH23, The Springs 15 in numbers

  • Sold twice: first on 19 October 2010 for AED 316,944, last on 16 March 2020 for AED 1,600,000 (AED 679 per sqft).
  • Rented since August 2013 on 8 Ejari contracts. The rent fell from AED 160,000 to AED 95,000 in 2020 and recovered to AED 115,500 by June 2022.
  • At AED 115,500 a year the gross yield on the 2020 price is 7.2%, before a service charge of about AED 5,000 a year (AED 2.13 per sqft).
  • Three-beds in The Springs 15 sold for AED 5,200,000–6,200,000 in the 12 months to November 2026; the community's median across all types is AED 2,132 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 20 June 2022.

Questions about S01/TH23, The Springs 15

What did villa S01/TH23 last sell for?

AED 1,600,000 on 16 March 2020: AED 679 per sqft for 2,354 sqft. The villa has 2 registered sales; the first was AED 316,944 in October 2010.

What is the rent for villa S01/TH23?

AED 115,500 a year on the contract renewed on 20 June 2022. The previous contract, from June 2021, was AED 105,000; the villa has been rented since August 2013.

How big is villa S01/TH23?

2,354 sqft (218.7 sqm): a three-bedroom villa in The Springs 15, completed in 2004.

What is villa S01/TH23 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 15 sold for AED 5,200,000 to 6,200,000 in the last 12 months, around AED 2,155 per sqft.

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Mortgage on S01/TH23, The Springs 15

Starts from the last sale price (AED 1.6M, 16 March 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

Plus AED 72,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →