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2-bed · 1,763 sqftThe Springs 15, The Springs · completed 2004

S05/TH124, The Springs 15

Sold prices and rental history: sold 3 times, last in August 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S05/TH124 · DLD and Ejari recordsUpdated 28 August 2024
Last soldAED 3.2M28 August 2024
Current rentAED 157K /yr10 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S05/TH124, The Springs 15

What is S05/TH124 worth today?

Last sold for AED 3,200,000 in 2024

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28 Aug 2024SoldReady
AED 3,200,000AED 1,815 per sqft
10 Mar 2024RentedRenewal
AED 157,078/yr12 months · AED 89 per sqft
10 Mar 2023RentedNew contract
AED 150,000/yr12 months · AED 85 per sqft
5 Mar 2022RentedRenewal
AED 105,000/yr12 months · AED 60 per sqft
1 Mar 2019RentedRenewal
AED 115,000/yr12 months · AED 65 per sqft
22 Jul 2013SoldReady
AED 1,900,000AED 1,077 per sqft
17 Jan 2013RentedNew contract
AED 90,000/yr12 months · AED 51 per sqft
27 Sep 2007Sold by developerReady
AED 239,944AED 136 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 28 August 2024.

Key facts

Type
2-bed villa
Size
1,763 sqft
Developer
Emaar
Completed
2004
Service charge
AED 3,800 /yr
Last sold
AED 3.2M · August 2024
Community
The Springs 15

About S05/TH124, The Springs 15

S05/TH124 is a two-bedroom villa of 1,763 sqft in The Springs 15, a villa community in The Springs completed in 2004 by Emaar. It last sold on 28 August 2024 for AED 3,200,000, or AED 1,815 per sqft, 16% above the AED 1,564 two-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, renewed on 10 March 2024, is AED 157,078 a year: a gross yield of 4.9% on the 2024 price, before the service charge of about AED 3,800 a year.

Sales and rents for S05/TH124 over time

Sales
Villa S05/TH124, each saleTypical two-bed in The Springs 15
02M2007201220172022Typical sale price by year: 2007 AED 478,888; 2008 AED 840,000; 2009 AED 774,510; 2010 AED 708,500; 2011 AED 592,444; 2012 AED 1,460,000; 2013 AED 1,697,500; 2014 AED 2,000,000; 2015 AED 1,690,000; 2021 AED 1,700,000; 2022 AED 1,745,000; 2023 AED 2,350,000; 2024 AED 2,895,000; 2025 AED 3,400,000Sold by developer, September 2007: AED 239,944 (AED 136 per sqft)Sold, July 2013: AED 1,900,000 (AED 1,077 per sqft)Sold, August 2024: AED 3,200,000 (AED 1,815 per sqft)

S05/TH124 has sold 3 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa S05/TH124, each contractTypical two-bed in The Springs 15
100K150K2012201620202024Typical rent by year: 2012 AED 90,000; 2013 AED 105,000; 2014 AED 130,000; 2015 AED 130,000; 2016 AED 128,000; 2017 AED 127,000; 2018 AED 112,500; 2019 AED 100,000; 2020 AED 83,000; 2021 AED 84,500; 2022 AED 102,500; 2023 AED 120,000; 2024 AED 150,000; 2025 AED 170,000New contract, January 2013: AED 90,000 a yearRenewal, March 2019: AED 115,000 a yearRenewal, March 2022: AED 105,000 a yearNew contract, March 2023: AED 150,000 a yearRenewal, March 2024: AED 157,078 a year

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

2-beds in The Springs 15, and where S05/TH124 sits

All 50 2-beds →

S05/TH124 last sold in August 2024 at AED 1,815 per sqft, 16% above what two-beds in The Springs 15 were fetching at the time (AED 1,564). Over the last 12 months two-beds sold for AED 3,550,000 to 3,635,000, around AED 2,114 per sqft, and rent for AED 200,000 to 200,000 a year.

Recent 2-bed salesVilla no.Price (AED)Summary
23 Dec 20253,550,000
18 Nov 20253,635,000
28 Oct 20253,525,000
3 Oct 20253,400,000
2 2-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 →

S05/TH124, The Springs 15 in numbers

  • Sold 3 times: first on 27 September 2007 for AED 239,944, last on 28 August 2024 for AED 3,200,000 (AED 1,815 per sqft).
  • Rented since January 2013 on 5 Ejari contracts, from AED 90,000 to AED 157,078 a year.
  • At AED 157,078 a year the gross yield on the 2024 price is 4.9%, before a service charge of about AED 3,800 a year (AED 2.13 per sqft).
  • Two-beds in The Springs 15 sold for AED 3,550,000–3,635,000 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 28 August 2024.

Questions about S05/TH124, The Springs 15

What did villa S05/TH124 last sell for?

AED 3,200,000 on 28 August 2024: AED 1,815 per sqft for 1,763 sqft. The villa has 3 registered sales; the first was AED 239,944 in September 2007.

What is the rent for villa S05/TH124?

AED 157,078 a year on the contract renewed on 10 March 2024. The previous contract, from March 2023, was AED 150,000; the villa has been rented since January 2013.

How big is villa S05/TH124?

1,763 sqft (163.8 sqm): a two-bedroom villa in The Springs 15, completed in 2004.

What is villa S05/TH124 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Springs 15 sold for AED 3,550,000 to 3,635,000 in the last 12 months, around AED 2,114 per sqft.

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Mortgage on S05/TH124, The Springs 15

Starts from the last sale price (AED 3.2M, 28 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,200,000
Deposit, UAE resident (20%)
AED 640,000
Deposit, non-resident (40%)
AED 1,280,000
Monthly over 25 years at 3.7%
AED 13,092

Plus AED 139,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →