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4-bed · 1,266 sqftThe Springs 15, The Springs · completed 2004

S02/TH24, The Springs 15

Sold prices and rental history: sold once, by the developer in September 2010, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S02/TH24 · DLD and Ejari recordsUpdated 1 August 2024
Last soldAED 2.81M28 September 2010
Current rentAED 260K /yr1 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S02/TH24, The Springs 15

What is S02/TH24 worth today?

Last sold for AED 2,805,000 in 2010

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1 Aug 2024RentedNew contract
AED 260,000/yr12 months · AED 103 per sqft
5 Jan 2024RentedRenewal
AED 157,650/yr12 months · AED 62 per sqft
5 Jan 2023RentedRenewal
AED 143,325/yr12 months · AED 57 per sqft
5 Jan 2022RentedRenewal
AED 136,500/yr12 months · AED 54 per sqft
5 Jan 2021RentedNew contract
AED 130,000/yr12 months · AED 51 per sqft
1 Jul 2019RentedRenewal
AED 145,000/yr12 months · AED 57 per sqft
1 Jul 2018RentedRenewal
AED 155,000/yr12 months · AED 61 per sqft
1 Jul 2017RentedRenewal
AED 165,000/yr12 months · AED 65 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 August 2024.

Key facts

Type
4-bed villa
Size
1,266 sqft
Developer
Emaar
Completed
2004
Service charge
AED 2,700 /yr
Last sold
AED 2.81M · September 2010
Community
The Springs 15

About S02/TH24, The Springs 15

S02/TH24 is a four-bedroom villa of 1,266 sqft in The Springs 15, a villa community in The Springs completed in 2004 by Emaar. The developer sold it on 28 September 2010 for AED 2,805,000, or AED 1,107 per sqft, 188% above the AED 385 four-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 13 Ejari contracts. The current contract, signed on 1 August 2024, is AED 260,000 a year: a gross yield of 9.3% on the 2010 price, before the service charge of about AED 2,700 a year.

Sales and rents for S02/TH24 over time

Sales
Villa S02/TH24, each saleTypical four-bed in The Springs 15
2M4M2007201220172022Typical sale price by year: 2007 AED 806,888; 2008 AED 1,400,000; 2009 AED 1,280,000; 2010 AED 827,888; 2011 AED 1,165,000; 2012 AED 2,518,750; 2013 AED 3,045,000; 2014 AED 3,750,000; 2015 AED 3,250,000; 2019 AED 1,845,000; 2021 AED 2,750,000; 2022 AED 3,700,000; 2023 AED 3,800,000Sold by developer, September 2010: AED 2,805,000 (AED 1,107 per sqft)

S02/TH24 has sold once; the dashed line is the four-bed median of each year in the community.

Rents
Villa S02/TH24, each contractTypical four-bed in The Springs 15
200K2012201620202024Typical rent by year: 2012 AED 165,000; 2013 AED 170,000; 2014 AED 190,000; 2015 AED 200,000; 2016 AED 190,000; 2017 AED 179,758; 2018 AED 167,420; 2019 AED 160,000; 2020 AED 145,000; 2021 AED 149,171; 2022 AED 150,000; 2023 AED 174,173; 2024 AED 235,000; 2025 AED 247,500New contract, March 2013: AED 170,000 a yearNew contract, July 2013: AED 170,000 a yearNew contract, July 2014: AED 178,500 a yearNew contract, July 2015: AED 178,500 a yearRenewal, July 2016: AED 170,000 a yearRenewal, July 2017: AED 165,000 a yearRenewal, July 2018: AED 155,000 a yearRenewal, July 2019: AED 145,000 a yearNew contract, January 2021: AED 130,000 a yearRenewal, January 2022: AED 136,500 a yearRenewal, January 2023: AED 143,325 a yearRenewal, January 2024: AED 157,650 a yearNew contract, August 2024: AED 260,000 a year

Annual rent on each registered contract; the dashed line is the four-bed median of each year in the community.

4-beds in The Springs 15, and where S02/TH24 sits

All 66 4-beds →

S02/TH24 last sold in September 2010 at AED 1,107 per sqft, 188% above what four-beds in The Springs 15 were fetching at the time (AED 385). S02/TH24's AED 260,000 is in the lower half of that range.

Recent 4-bed salesVilla no.Price (AED)Summary
25 Oct 20233,800,000
4 May 20233,650,000
17 Apr 20234,100,000
15 Aug 20223,800,000
0 4-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/TH24, The Springs 15 in numbers

  • Sold once: by Emaar on 28 September 2010 for AED 2,805,000, or AED 1,107 per sqft.
  • Rented since March 2013 on 13 Ejari contracts. The rent fell from AED 170,000 to AED 130,000 in 2021 and recovered to AED 260,000 by August 2024.
  • At AED 260,000 a year the gross yield on the 2010 price is 9.3%, before a service charge of about AED 2,700 a year (AED 2.13 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 1 August 2024.

Questions about S02/TH24, The Springs 15

What did villa S02/TH24 last sell for?

AED 2,805,000 on 28 September 2010, sold by the developer: AED 1,107 per sqft for 1,266 sqft. It is the only registered sale of the villa.

What is the rent for villa S02/TH24?

AED 260,000 a year on the contract signed on 1 August 2024. The previous contract, from January 2024, was AED 157,650; the villa has been rented since March 2013.

How big is villa S02/TH24?

1,266 sqft (117.6 sqm): a four-bedroom villa in The Springs 15, completed in 2004.

What is villa S02/TH24 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on S02/TH24, The Springs 15

Starts from the last sale price (AED 2.81M, 28 September 2010). Switch to today's estimate once you have unlocked it.
Price
AED 2,805,000
Deposit, UAE resident (20%)
AED 561,000
Deposit, non-resident (40%)
AED 1,122,000
Monthly over 25 years at 3.7%
AED 11,476

Plus AED 122,820 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →