3-bed · 2,305 sqftThe Springs 15, The Springs · completed 2004

S02/TH22, The Springs 15

Sold prices and rental history: sold twice, last in June 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S02/TH22 · DLD and Ejari recordsUpdated 20 December 2022
Last soldAED 2.61M15 June 2022
Current rentAED 155K /yr20 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S02/TH22, The Springs 15

What is S02/TH22 worth today?

Last sold for AED 2,610,000 in 2022

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20 Dec 2022RentedNew contract
AED 155,000/yr12 months · AED 67 per sqft
15 Jun 2022SoldReady
AED 2,610,000AED 1,132 per sqft
5 Oct 2021RentedRenewal
AED 105,000/yr12 months · AED 46 per sqft
30 Apr 2019RentedRenewal
AED 145,000/yr12 months · AED 63 per sqft
30 Apr 2018RentedRenewal
AED 145,000/yr12 months · AED 63 per sqft
30 Apr 2017RentedNew contract
AED 150,000/yr12 months · AED 65 per sqft
1 Mar 2016RentedNew contract
AED 165,000/yr12 months · AED 72 per sqft
16 Nov 2014RentedNew contract
AED 180,000/yr12 months · AED 78 per sqft

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

Key facts

Type
3-bed villa
Size
2,305 sqft
Developer
Emaar
Completed
2004
Service charge
AED 4,900 /yr
Last sold
AED 2.61M · June 2022

About S02/TH22, The Springs 15

S02/TH22 is a three-bedroom villa of 2,305 sqft in The Springs 15, a villa community in The Springs completed in 2004 by Emaar. It last sold on 15 June 2022 for AED 2,610,000, or AED 1,132 per sqft, in line with the AED 1,128 three-beds in the community were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 20 December 2022, is AED 155,000 a year: a gross yield of 5.9% on the 2022 price, before the service charge of about AED 4,900 a year.

Sales and rents for S02/TH22 over time

Sales
Villa S02/TH22, 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, January 2014: AED 668,888 (AED 290 per sqft)Sold, June 2022: AED 2,610,000 (AED 1,132 per sqft)

S02/TH22 has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa S02/TH22, 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 2014: AED 120,000 a yearNew contract, November 2014: AED 180,000 a yearNew contract, March 2016: AED 165,000 a yearNew contract, April 2017: AED 150,000 a yearRenewal, April 2018: AED 145,000 a yearRenewal, April 2019: AED 145,000 a yearRenewal, October 2021: AED 105,000 a yearNew contract, December 2022: AED 155,000 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/TH22 sits

All 359 3-beds →

S02/TH22 last sold in June 2022 at AED 1,132 per sqft, in line with what three-beds in The Springs 15 were fetching at the time (AED 1,128). 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/TH22's AED 155,000 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/TH22, The Springs 15 in numbers

  • Sold twice: first on 16 January 2014 for AED 668,888, last on 15 June 2022 for AED 2,610,000 (AED 1,132 per sqft).
  • Rented since August 2014 on 8 Ejari contracts. The rent fell from AED 120,000 to AED 105,000 in 2021 and recovered to AED 155,000 by December 2022.
  • At AED 155,000 a year the gross yield on the 2022 price is 5.9%, before a service charge of about AED 4,900 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 December 2022.

Questions about S02/TH22, The Springs 15

What did villa S02/TH22 last sell for?

AED 2,610,000 on 15 June 2022: AED 1,132 per sqft for 2,305 sqft. The villa has 2 registered sales; the first was AED 668,888 in January 2014.

What is the rent for villa S02/TH22?

AED 155,000 a year on the contract signed on 20 December 2022. The previous contract, from October 2021, was AED 105,000; the villa has been rented since August 2014.

How big is villa S02/TH22?

2,305 sqft (214.1 sqm): a three-bedroom villa in The Springs 15, completed in 2004.

What is villa S02/TH22 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/TH22, The Springs 15

Starts from the last sale price (AED 2.61M, 15 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,610,000
Deposit, UAE resident (20%)
AED 522,000
Deposit, non-resident (40%)
AED 1,044,000
Monthly over 25 years at 3.7%
AED 10,678

Plus AED 114,630 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →