Home
Dubai prices
About
Research
2-bed · 1,687 sqftThe Springs 2, The Springs · completed 2005

S02/TH40, The Springs 2

Sold prices and rental history: sold once, by the developer in June 2016, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S02/TH40 · DLD and Ejari recordsUpdated 25 July 2022
Last soldAED 1.05M5 June 2016
Current rentAED 90K /yr25 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S02/TH40, The Springs 2

What is S02/TH40 worth today?

Last sold for AED 1,050,000 in 2016

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

25 Jul 2022RentedRenewal
AED 90,000/yr12 months · AED 53 per sqft
25 Jul 2021RentedRenewal
AED 78,000/yr12 months · AED 46 per sqft
15 Aug 2018RentedNew contract
AED 105,000/yr12 months · AED 62 per sqft
15 Jul 2017RentedNew contract
AED 110,000/yr12 months · AED 65 per sqft
5 Jun 2016Sold by developerReady
AED 1,050,000AED 622 per sqft
13 Mar 2015RentedNew contract
AED 125,000/yr12 months · AED 74 per sqft
12 Mar 2014RentedNew contract
AED 125,000/yr12 months · AED 74 per sqft
7 Oct 2012RentedNew contract
AED 77,143/yr14 months · AED 46 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 25 July 2022.

Key facts

Type
2-bed villa
Size
1,687 sqft
Developer
Emaar
Completed
2005
Service charge
AED 3,600 /yr
Last sold
AED 1.05M · June 2016
Community
The Springs 2

About S02/TH40, The Springs 2

S02/TH40 is a two-bedroom villa of 1,687 sqft in The Springs 2, a villa community in The Springs completed in 2005 by Emaar. The developer sold it on 5 June 2016 for AED 1,050,000, or AED 622 per sqft, 41% below the AED 1,062 two-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 7 Ejari contracts. The current contract, renewed on 25 July 2022, is AED 90,000 a year: a gross yield of 8.6% on the 2016 price, before the service charge of about AED 3,600 a year.

Sales and rents for S02/TH40 over time

Sales
Villa S02/TH40, 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, June 2016: AED 1,050,000 (AED 622 per sqft)

S02/TH40 has sold once; the dashed line is the two-bed median of each year in the community.

Rents
Villa S02/TH40, 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, October 2012: AED 77,143 a yearNew contract, March 2014: AED 125,000 a yearNew contract, March 2015: AED 125,000 a yearNew contract, July 2017: AED 110,000 a yearNew contract, August 2018: AED 105,000 a yearRenewal, July 2021: AED 78,000 a yearRenewal, July 2022: AED 90,000 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/TH40 sits

All 280 2-beds →

S02/TH40 last sold in June 2016 at AED 622 per sqft, 41% below what two-beds in The Springs 2 were fetching at the time (AED 1,062). 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/TH40's AED 90,000 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/TH40, The Springs 2 in numbers

  • Sold once: by Emaar on 5 June 2016 for AED 1,050,000, or AED 622 per sqft.
  • Rented since October 2012 on 7 Ejari contracts, from AED 77,143 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2016 price is 8.6%, 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 25 July 2022.

Questions about S02/TH40, The Springs 2

What did villa S02/TH40 last sell for?

AED 1,050,000 on 5 June 2016, sold by the developer: AED 622 per sqft for 1,687 sqft. It is the only registered sale of the villa.

What is the rent for villa S02/TH40?

AED 90,000 a year on the contract renewed on 25 July 2022. The previous contract, from July 2021, was AED 78,000; the villa has been rented since October 2012.

How big is villa S02/TH40?

1,687 sqft (156.7 sqm): a two-bedroom villa in The Springs 2, completed in 2005.

What is villa S02/TH40 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.

Selling S02/TH40? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on S02/TH40, The Springs 2

Starts from the last sale price (AED 1.05M, 5 June 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,050,000
Deposit, UAE resident (20%)
AED 210,000
Deposit, non-resident (40%)
AED 420,000
Monthly over 25 years at 3.7%
AED 4,296

Plus AED 49,110 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →