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3-bed · 2,377 sqftThe Springs 15, The Springs · completed 2004

S02/TH03, The Springs 15

Sold prices and rental history: sold twice, last in August 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S02/TH03 · DLD and Ejari recordsUpdated 23 July 2024
Last soldAED 3.5M31 August 2023
Current rentAED 139K /yr23 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S02/TH03, The Springs 15

What is S02/TH03 worth today?

Last sold for AED 3,500,000 in 2023

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23 Jul 2024RentedRenewal
AED 139,092/yr2 months · AED 59 per sqft
31 Aug 2023SoldReady
AED 3,500,000AED 1,472 per sqft
21 Jul 2023RentedRenewal
AED 139,150/yr12 months · AED 59 per sqft
21 Jul 2022RentedRenewal
AED 126,500/yr12 months · AED 53 per sqft
21 Jul 2021RentedRenewal
AED 115,000/yr12 months · AED 48 per sqft
23 Sep 2017RentedNew contract
AED 158,000/yr12 months · AED 66 per sqft
23 Sep 2015RentedNew contract
AED 165,000/yr12 months · AED 69 per sqft
23 May 2015RentedNew contract
AED 165,000/yr12 months · AED 69 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 23 July 2024.

Key facts

Type
3-bed villa
Size
2,377 sqft
Developer
Emaar
Completed
2004
Service charge
AED 5,100 /yr
Last sold
AED 3.5M · August 2023
Community
The Springs 15

About S02/TH03, The Springs 15

S02/TH03 is a three-bedroom villa of 2,377 sqft in The Springs 15, a villa community in The Springs completed in 2004 by Emaar. It last sold on 31 August 2023 for AED 3,500,000, or AED 1,472 per sqft, 14% above the AED 1,292 three-beds in the community were fetching at the time.

It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, renewed on 23 July 2024, is AED 139,092 a year: a gross yield of 4.0% on the 2023 price, before the service charge of about AED 5,100 a year.

Sales and rents for S02/TH03 over time

Sales
Villa S02/TH03, 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, July 2008: AED 628,888 (AED 264 per sqft)Sold, August 2023: AED 3,500,000 (AED 1,472 per sqft)

S02/TH03 has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa S02/TH03, 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, January 2014: AED 165,000 a yearNew contract, May 2014: AED 165,000 a yearNew contract, May 2015: AED 165,000 a yearNew contract, September 2015: AED 165,000 a yearNew contract, September 2017: AED 158,000 a yearRenewal, July 2021: AED 115,000 a yearRenewal, July 2022: AED 126,500 a yearRenewal, July 2023: AED 139,150 a yearRenewal, July 2024: AED 139,092 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/TH03 sits

All 359 3-beds →

S02/TH03 last sold in August 2023 at AED 1,472 per sqft, 14% above what three-beds in The Springs 15 were fetching at the time (AED 1,292). 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/TH03's AED 139,092 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/TH03, The Springs 15 in numbers

  • Sold twice: first on 10 July 2008 for AED 628,888, last on 31 August 2023 for AED 3,500,000 (AED 1,472 per sqft).
  • Rented since January 2014 on 9 Ejari contracts. The rent fell from AED 165,000 to AED 115,000 in 2021 and recovered to AED 139,092 by July 2024.
  • At AED 139,092 a year the gross yield on the 2023 price is 4.0%, before a service charge of about AED 5,100 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 23 July 2024.

Questions about S02/TH03, The Springs 15

What did villa S02/TH03 last sell for?

AED 3,500,000 on 31 August 2023: AED 1,472 per sqft for 2,377 sqft. The villa has 2 registered sales; the first was AED 628,888 in July 2008.

What is the rent for villa S02/TH03?

AED 139,092 a year on the contract renewed on 23 July 2024. The previous contract, from July 2023, was AED 139,150; the villa has been rented since January 2014.

How big is villa S02/TH03?

2,377 sqft (220.8 sqm): a three-bedroom villa in The Springs 15, completed in 2004.

What is villa S02/TH03 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/TH03, The Springs 15

Starts from the last sale price (AED 3.5M, 31 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,500,000
Deposit, UAE resident (20%)
AED 700,000
Deposit, non-resident (40%)
AED 1,400,000
Monthly over 25 years at 3.7%
AED 14,320

Plus AED 152,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →