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3-bed · 2,342 sqftThe Springs 15, The Springs · completed 2004

S07/TH24, The Springs 15

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

Villa S07/TH24 · DLD and Ejari recordsUpdated 15 July 2019
Last soldAED 317K29 June 2008
Current rentAED 133K /yr15 July 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S07/TH24, The Springs 15

What is S07/TH24 worth today?

Last sold for AED 316,944 in 2008

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15 Jul 2019RentedRenewal
AED 133,000/yr12 months · AED 57 per sqft
15 Jul 2018RentedRenewal
AED 140,000/yr12 months · AED 60 per sqft
15 Jul 2017RentedRenewal
AED 150,000/yr12 months · AED 64 per sqft
15 Jul 2016RentedRenewal
AED 170,000/yr12 months · AED 73 per sqft
15 Jul 2015RentedNew contract
AED 170,000/yr12 months · AED 73 per sqft
1 Jul 2013RentedNew contract
AED 165,000/yr12 months · AED 70 per sqft
29 Jun 2008Sold by developerReady
AED 316,944AED 135 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 July 2019.

Key facts

Type
3-bed villa
Size
2,342 sqft
Developer
Emaar
Completed
2004
Service charge
AED 5,000 /yr
Last sold
AED 317K · June 2008
Community
The Springs 15

About S07/TH24, The Springs 15

S07/TH24 is a three-bedroom villa of 2,342 sqft in The Springs 15, a villa community in The Springs completed in 2004 by Emaar. The developer sold it on 29 June 2008 for AED 316,944, or AED 135 per sqft, 53% below the AED 290 three-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 15 July 2019, is AED 133,000 a year: a gross yield of 42.0% on the 2008 price, before the service charge of about AED 5,000 a year.

Sales and rents for S07/TH24 over time

Sales
Villa S07/TH24, 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, June 2008: AED 316,944 (AED 135 per sqft)

S07/TH24 has sold once; the dashed line is the three-bed median of each year in the community.

Rents
Villa S07/TH24, 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, July 2013: AED 165,000 a yearNew contract, July 2015: AED 170,000 a yearRenewal, July 2016: AED 170,000 a yearRenewal, July 2017: AED 150,000 a yearRenewal, July 2018: AED 140,000 a yearRenewal, July 2019: AED 133,000 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 S07/TH24 sits

All 359 3-beds →

S07/TH24 last sold in June 2008 at AED 135 per sqft, 53% below what three-beds in The Springs 15 were fetching at the time (AED 290). 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. S07/TH24's AED 133,000 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 →

S07/TH24, The Springs 15 in numbers

  • Sold once: by Emaar on 29 June 2008 for AED 316,944, or AED 135 per sqft.
  • Rented since July 2013 on 6 Ejari contracts, from AED 165,000 to AED 133,000 a year.
  • At AED 133,000 a year the gross yield on the 2008 price is 42.0%, 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 15 July 2019.

Questions about S07/TH24, The Springs 15

What did villa S07/TH24 last sell for?

AED 316,944 on 29 June 2008, sold by the developer: AED 135 per sqft for 2,342 sqft. It is the only registered sale of the villa.

What is the rent for villa S07/TH24?

AED 133,000 a year on the contract renewed on 15 July 2019. The previous contract, from July 2018, was AED 140,000; the villa has been rented since July 2013.

How big is villa S07/TH24?

2,342 sqft (217.6 sqm): a three-bedroom villa in The Springs 15, completed in 2004.

What is villa S07/TH24 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 S07/TH24, The Springs 15

Starts from the last sale price (AED 317K, 29 June 2008). Switch to today's estimate once you have unlocked it.
Price
AED 316,944
Deposit, UAE resident (20%)
AED 63,389
Deposit, non-resident (40%)
AED 126,778
Monthly over 25 years at 3.7%
AED 1,297

Plus AED 16,222 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →