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3-bed · 2,343 sqftThe Springs 15, The Springs · completed 2004

S01/TH62, The Springs 15

Sold prices and rental history: sold 3 times, last in June 2015, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S01/TH62 · DLD and Ejari recordsUpdated 24 May 2024
Last soldAED 2.95M22 June 2015
Current rentAED 220K /yr24 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S01/TH62, The Springs 15

What is S01/TH62 worth today?

Last sold for AED 2,950,000 in 2015

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24 May 2024RentedRenewal
AED 220,000/yr12 months · AED 94 per sqft
1 Feb 2021RentedNew contract
AED 110,000/yr12 months · AED 47 per sqft
1 May 2016RentedNew contract · flagged as an outlier
AED 30,000/yr12 months · AED 13 per sqft
22 Jun 2015SoldReady
AED 2,950,000AED 1,258 per sqft
28 Jul 2013SoldReady
AED 2,700,000AED 1,152 per sqft
1 Jul 2013Sold by developerReady
AED 2,200,000AED 938 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 24 May 2024.

Key facts

Type
3-bed villa
Size
2,343 sqft
Developer
Emaar
Completed
2004
Service charge
AED 5,000 /yr
Last sold
AED 2.95M · June 2015
Community
The Springs 15

About S01/TH62, The Springs 15

S01/TH62 is a three-bedroom villa of 2,343 sqft in The Springs 15, a villa community in The Springs completed in 2004 by Emaar. It last sold on 22 June 2015 for AED 2,950,000, or AED 1,258 per sqft, in line with the AED 1,258 three-beds in the community were fetching at the time.

It has been rented since 2016 on 3 Ejari contracts. The current contract, renewed on 24 May 2024, is AED 220,000 a year: a gross yield of 7.5% on the 2015 price, before the service charge of about AED 5,000 a year.

Sales and rents for S01/TH62 over time

Sales
Villa S01/TH62, 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, July 2013: AED 2,700,000 (AED 1,152 per sqft)Sold by developer, July 2013: AED 2,200,000 (AED 938 per sqft)Sold, June 2015: AED 2,950,000 (AED 1,258 per sqft)

S01/TH62 has sold 3 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa S01/TH62, each contractTypical three-bed in The Springs 15
100K200K20112015201920232027Typical 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, February 2021: AED 110,000 a yearRenewal, May 2024: AED 220,000 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 15, and where S01/TH62 sits

All 359 3-beds →

S01/TH62 last sold in June 2015 at AED 1,258 per sqft, in line with what three-beds in The Springs 15 were fetching at the time (AED 1,258). 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/TH62's AED 220,000 is in the upper 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/TH62, The Springs 15 in numbers

  • Sold 3 times: first on 1 July 2013 for AED 2,200,000, last on 22 June 2015 for AED 2,950,000 (AED 1,258 per sqft).
  • Rented since May 2016 on 3 Ejari contracts, from AED 30,000 to AED 220,000 a year.
  • At AED 220,000 a year the gross yield on the 2015 price is 7.5%, 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 24 May 2024.

Questions about S01/TH62, The Springs 15

What did villa S01/TH62 last sell for?

AED 2,950,000 on 22 June 2015: AED 1,258 per sqft for 2,343 sqft. The villa has 3 registered sales; the first was AED 2,200,000 in July 2013.

What is the rent for villa S01/TH62?

AED 220,000 a year on the contract renewed on 24 May 2024. The previous contract, from February 2021, was AED 110,000; the villa has been rented since May 2016.

How big is villa S01/TH62?

2,343 sqft (217.7 sqm): a three-bedroom villa in The Springs 15, completed in 2004.

What is villa S01/TH62 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/TH62, The Springs 15

Starts from the last sale price (AED 2.95M, 22 June 2015). Switch to today's estimate once you have unlocked it.
Price
AED 2,950,000
Deposit, UAE resident (20%)
AED 590,000
Deposit, non-resident (40%)
AED 1,180,000
Monthly over 25 years at 3.7%
AED 12,069

Plus AED 128,910 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →