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2-bed · 1,706 sqftThe Springs 2, The Springs · completed 2005

S02/TH23, The Springs 2

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

Villa S02/TH23 · DLD and Ejari recordsUpdated 15 April 2024
Last soldAED 2.7M15 April 2024
Current rentAED 92K /yr15 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S02/TH23, The Springs 2

What is S02/TH23 worth today?

Last sold for AED 2,700,000 in 2024

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15 Apr 2024SoldReady
AED 2,700,000AED 1,582 per sqft
15 Dec 2022RentedNew contract
AED 92,400/yr12 months · AED 54 per sqft
15 Dec 2020RentedNew contract
AED 80,000/yr12 months · AED 47 per sqft
1 May 2020RentedNew contract
AED 85,000/yr12 months · AED 50 per sqft
1 May 2019RentedNew contract
AED 100,000/yr12 months · AED 59 per sqft
6 Mar 2017RentedNew contract
AED 120,000/yr12 months · AED 70 per sqft
15 Jan 2016RentedNew contract
AED 145,000/yr12 months · AED 85 per sqft
15 Jan 2015RentedNew contract
AED 145,000/yr12 months · AED 85 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 April 2024.

Key facts

Type
2-bed villa
Size
1,706 sqft
Developer
Emaar
Completed
2005
Service charge
AED 3,600 /yr
Last sold
AED 2.7M · April 2024
Community
The Springs 2

About S02/TH23, The Springs 2

S02/TH23 is a two-bedroom villa of 1,706 sqft in The Springs 2, a villa community in The Springs completed in 2005 by Emaar. It last sold on 15 April 2024 for AED 2,700,000, or AED 1,582 per sqft, 7% above the AED 1,472 two-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, signed on 15 December 2022, is AED 92,400 a year: a gross yield of 3.4% on the 2024 price, before the service charge of about AED 3,600 a year.

Sales and rents for S02/TH23 over time

Sales
Villa S02/TH23, each saleTypical two-bed in The Springs 2
2M4M2007201220172022Typical sale price by year: 2007 AED 602,694; 2008 AED 907,000; 2009 AED 1,200,000; 2010 AED 1,067,944; 2011 AED 1,180,000; 2012 AED 1,400,000; 2013 AED 2,000,000; 2014 AED 2,207,500; 2015 AED 1,925,000; 2016 AED 1,883,000; 2017 AED 2,175,000; 2018 AED 1,750,000; 2019 AED 1,535,000; 2020 AED 1,403,100; 2021 AED 1,905,000; 2022 AED 1,965,000; 2023 AED 2,350,000; 2024 AED 3,000,000; 2025 AED 3,500,000Sold by developer, January 2011: AED 552,888 (AED 324 per sqft)Sold, April 2024: AED 2,700,000 (AED 1,582 per sqft)

S02/TH23 has sold twice; the dashed line is the two-bed median of each year in the community.

Rents
Villa S02/TH23, each contractTypical two-bed in The Springs 2
100K150K20112015201920232027Typical rent by year: 2011 AED 95,000; 2012 AED 100,000; 2013 AED 117,000; 2014 AED 130,000; 2015 AED 140,000; 2016 AED 140,000; 2017 AED 130,000; 2018 AED 120,000; 2019 AED 105,000; 2020 AED 90,000; 2021 AED 95,000; 2022 AED 110,000; 2023 AED 125,000; 2024 AED 155,000; 2025 AED 165,000; 2026 AED 160,000New contract, January 2013: AED 95,000 a yearNew contract, January 2014: AED 95,000 a yearNew contract, January 2015: AED 145,000 a yearNew contract, January 2016: AED 145,000 a yearNew contract, March 2017: AED 120,000 a yearNew contract, May 2019: AED 100,000 a yearNew contract, May 2020: AED 85,000 a yearNew contract, December 2020: AED 80,000 a yearNew contract, December 2022: AED 92,400 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 2, and where S02/TH23 sits

All 280 2-beds →

S02/TH23 last sold in April 2024 at AED 1,582 per sqft, 7% above what two-beds in The Springs 2 were fetching at the time (AED 1,472). Over the last 12 months two-beds sold for AED 3,275,000 to 3,750,000, around AED 2,005 per sqft, and rent for AED 50,000 to 270,000 a year. S02/TH23's AED 92,400 is in the lower half of that range.

Recent 2-bed salesVilla no.Price (AED)Summary
10 Feb 20263,275,000
22 Dec 20253,750,000
10 Nov 20253,300,000
7 Nov 20253,300,000
2 2-bed sales in the last 12 months

The Springs 2

Community

484 villas, 2-bed to 4-bed in The Springs, completed in 2005 by Emaar. 2 sold in the last 12 months.

Typical price per sqft
AED 2,005
Typical sale
AED 3.51M
Typical rent
AED 190K /yr
Typical yield
4.7%
The Springs 2, The Springs: prices, sales and rents →

S02/TH23, The Springs 2 in numbers

  • Sold twice: first on 18 January 2011 for AED 552,888, last on 15 April 2024 for AED 2,700,000 (AED 1,582 per sqft).
  • Rented since January 2013 on 9 Ejari contracts. The rent fell from AED 95,000 to AED 80,000 in 2020 and recovered to AED 92,400 by December 2022.
  • At AED 92,400 a year the gross yield on the 2024 price is 3.4%, before a service charge of about AED 3,600 a year (AED 2.13 per sqft).
  • Two-beds in The Springs 2 sold for AED 3,275,000–3,750,000 in the 12 months to November 2026; the community's median across all types is AED 2,005 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 15 April 2024.

Questions about S02/TH23, The Springs 2

What did villa S02/TH23 last sell for?

AED 2,700,000 on 15 April 2024: AED 1,582 per sqft for 1,706 sqft. The villa has 2 registered sales; the first was AED 552,888 in January 2011.

What is the rent for villa S02/TH23?

AED 92,400 a year on the contract signed on 15 December 2022. The previous contract, from December 2020, was AED 80,000; the villa has been rented since January 2013.

How big is villa S02/TH23?

1,706 sqft (158.5 sqm): a two-bedroom villa in The Springs 2, completed in 2005.

What is villa S02/TH23 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 2 sold for AED 3,275,000 to 3,750,000 in the last 12 months, around AED 2,005 per sqft.

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Mortgage on S02/TH23, The Springs 2

Starts from the last sale price (AED 2.7M, 15 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,700,000
Deposit, UAE resident (20%)
AED 540,000
Deposit, non-resident (40%)
AED 1,080,000
Monthly over 25 years at 3.7%
AED 11,047

Plus AED 118,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →