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3-bed · 2,362 sqftThe Springs 15, The Springs · completed 2004

S02/TH02, The Springs 15

Sold prices and rental history: sold once, by the developer in April 2008, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S02/TH02 · DLD and Ejari recordsUpdated 17 June 2024
Last soldAED 700K29 April 2008
Current rentAED 165K /yr17 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S02/TH02, The Springs 15

What is S02/TH02 worth today?

Last sold for AED 700,000 in 2008

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17 Jun 2024RentedRenewal
AED 165,000/yr12 months · AED 70 per sqft
17 Jun 2023RentedRenewal
AED 150,000/yr12 months · AED 64 per sqft
17 Jun 2022RentedNew contract
AED 150,000/yr12 months · AED 64 per sqft
29 Mar 2019RentedNew contract
AED 120,000/yr12 months · AED 51 per sqft
9 Nov 2016RentedNew contract
AED 165,000/yr12 months · AED 70 per sqft
1 Nov 2015RentedNew contract
AED 155,000/yr12 months · AED 66 per sqft
10 Sep 2013RentedNew contract
AED 115,000/yr12 months · AED 49 per sqft
29 Apr 2008Sold by developerReady
AED 700,000AED 296 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 17 June 2024.

Key facts

Type
3-bed villa
Size
2,362 sqft
Developer
Emaar
Completed
2004
Service charge
AED 5,000 /yr
Last sold
AED 700K · April 2008
Community
The Springs 15

About S02/TH02, The Springs 15

S02/TH02 is a three-bedroom villa of 2,362 sqft in The Springs 15, a villa community in The Springs completed in 2004 by Emaar. The developer sold it on 29 April 2008 for AED 700,000, or AED 296 per sqft, 3% above the AED 286 three-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 17 June 2024, is AED 165,000 a year: a gross yield of 23.6% on the 2008 price, before the service charge of about AED 5,000 a year.

Sales and rents for S02/TH02 over time

Sales
Villa S02/TH02, 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, April 2008: AED 700,000 (AED 296 per sqft)

S02/TH02 has sold once; the dashed line is the three-bed median of each year in the community.

Rents
Villa S02/TH02, 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, September 2013: AED 115,000 a yearNew contract, November 2015: AED 155,000 a yearNew contract, November 2016: AED 165,000 a yearNew contract, March 2019: AED 120,000 a yearNew contract, June 2022: AED 150,000 a yearRenewal, June 2023: AED 150,000 a yearRenewal, June 2024: AED 165,000 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 S02/TH02 sits

All 359 3-beds →

S02/TH02 last sold in April 2008 at AED 296 per sqft, 3% above what three-beds in The Springs 15 were fetching at the time (AED 286). 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. S02/TH02's AED 165,000 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 →

S02/TH02, The Springs 15 in numbers

  • Sold once: by Emaar on 29 April 2008 for AED 700,000, or AED 296 per sqft.
  • Rented since September 2013 on 7 Ejari contracts, from AED 115,000 to AED 165,000 a year.
  • At AED 165,000 a year the gross yield on the 2008 price is 23.6%, 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 17 June 2024.

Questions about S02/TH02, The Springs 15

What did villa S02/TH02 last sell for?

AED 700,000 on 29 April 2008, sold by the developer: AED 296 per sqft for 2,362 sqft. It is the only registered sale of the villa.

What is the rent for villa S02/TH02?

AED 165,000 a year on the contract renewed on 17 June 2024. The previous contract, from June 2023, was AED 150,000; the villa has been rented since September 2013.

How big is villa S02/TH02?

2,362 sqft (219.4 sqm): a three-bedroom villa in The Springs 15, completed in 2004.

What is villa S02/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 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 S02/TH02, The Springs 15

Starts from the last sale price (AED 700K, 29 April 2008). Switch to today's estimate once you have unlocked it.
Price
AED 700,000
Deposit, UAE resident (20%)
AED 140,000
Deposit, non-resident (40%)
AED 280,000
Monthly over 25 years at 3.7%
AED 2,864

Plus AED 34,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →