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3-bed · 2,733 sqftThe Springs 2, The Springs · completed 2005

S02/TH58, The Springs 2

Sold prices and rental history: sold 3 times, last in February 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S02/TH58 · DLD and Ejari recordsUpdated 22 February 2024
Last soldAED 5.2M22 February 2024
Current rentAED 200K /yr4 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S02/TH58, The Springs 2

What is S02/TH58 worth today?

Last sold for AED 5,200,000 in 2024

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22 Feb 2024SoldReady
AED 5,200,000AED 1,902 per sqft
4 Aug 2023RentedRenewal
AED 200,000/yr12 months · AED 73 per sqft
4 Aug 2022RentedRenewal
AED 160,000/yr12 months · AED 59 per sqft
4 Aug 2021RentedNew contract
AED 120,000/yr12 months · AED 44 per sqft
4 Jul 2020RentedNew contract
AED 100,000/yr13 months · AED 37 per sqft
31 Oct 2019RentedNew contract
AED 150,000/yr12 months · AED 55 per sqft
27 Dec 2018RentedRenewal
AED 160,000/yr12 months · AED 59 per sqft
27 Dec 2017RentedNew contract
AED 170,000/yr12 months · AED 62 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 22 February 2024.

Key facts

Type
3-bed villa
Size
2,733 sqft
Developer
Emaar
Completed
2005
Service charge
AED 5,800 /yr
Last sold
AED 5.2M · February 2024
Community
The Springs 2

About S02/TH58, The Springs 2

S02/TH58 is a three-bedroom villa of 2,733 sqft in The Springs 2, a villa community in The Springs completed in 2005 by Emaar. It last sold on 22 February 2024 for AED 5,200,000, or AED 1,902 per sqft, 14% above the AED 1,663 three-beds in the community were fetching at the time.

It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, renewed on 4 August 2023, is AED 200,000 a year: a gross yield of 3.9% on the 2024 price, before the service charge of about AED 5,800 a year.

Sales and rents for S02/TH58 over time

Sales
Villa S02/TH58, each saleTypical three-bed in The Springs 2
02.5M5M2007201220172022Typical sale price by year: 2007 AED 734,888; 2008 AED 906,888; 2009 AED 1,545,000; 2010 AED 1,225,000; 2011 AED 1,240,000; 2012 AED 2,050,000; 2013 AED 2,570,000; 2014 AED 2,400,000; 2015 AED 2,750,000; 2016 AED 2,800,000; 2017 AED 2,375,000; 2018 AED 2,100,000; 2019 AED 2,050,000; 2020 AED 1,850,000; 2021 AED 2,600,000; 2022 AED 3,235,000; 2023 AED 3,500,000; 2024 AED 4,925,000; 2025 AED 5,350,000Sold by developer, July 2007: AED 1,091,888 (AED 399 per sqft)Sold, June 2014: AED 3,900,000 (AED 1,427 per sqft)Sold, February 2024: AED 5,200,000 (AED 1,902 per sqft)

S02/TH58 has sold 3 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa S02/TH58, each contractTypical three-bed in The Springs 2
100K200K20112015201920232027Typical rent by year: 2011 AED 135,000; 2012 AED 147,500; 2013 AED 160,000; 2014 AED 179,250; 2015 AED 180,000; 2016 AED 181,000; 2017 AED 170,000; 2018 AED 159,500; 2019 AED 140,000; 2020 AED 130,000; 2021 AED 134,000; 2022 AED 150,000; 2023 AED 170,000; 2024 AED 200,000; 2025 AED 230,000; 2026 AED 245,000New contract, February 2014: AED 190,000 a yearRenewal, February 2016: AED 190,000 a yearRenewal, February 2017: AED 190,000 a yearNew contract, December 2017: AED 170,000 a yearRenewal, December 2018: AED 160,000 a yearNew contract, October 2019: AED 150,000 a yearNew contract, July 2020: AED 100,000 a yearNew contract, August 2021: AED 120,000 a yearRenewal, August 2022: AED 160,000 a yearRenewal, August 2023: AED 200,000 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 2, and where S02/TH58 sits

All 191 3-beds →

S02/TH58 last sold in February 2024 at AED 1,902 per sqft, 14% above what three-beds in The Springs 2 were fetching at the time (AED 1,663). S02/TH58's AED 200,000 is in the lower half of that range.

Recent 3-bed salesVilla no.Price (AED)Summary
4 Nov 20255,850,000
28 Oct 20255,500,000
19 Sep 20255,750,000
22 Aug 20254,999,000
0 3-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/TH58, The Springs 2 in numbers

  • Sold 3 times: first on 19 July 2007 for AED 1,091,888, last on 22 February 2024 for AED 5,200,000 (AED 1,902 per sqft).
  • Rented since February 2014 on 10 Ejari contracts. The rent fell from AED 190,000 to AED 100,000 in 2020 and recovered to AED 200,000 by August 2023.
  • At AED 200,000 a year the gross yield on the 2024 price is 3.9%, before a service charge of about AED 5,800 a year (AED 2.13 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 22 February 2024.

Questions about S02/TH58, The Springs 2

What did villa S02/TH58 last sell for?

AED 5,200,000 on 22 February 2024: AED 1,902 per sqft for 2,733 sqft. The villa has 3 registered sales; the first was AED 1,091,888 in July 2007.

What is the rent for villa S02/TH58?

AED 200,000 a year on the contract renewed on 4 August 2023. The previous contract, from August 2022, was AED 160,000; the villa has been rented since February 2014.

How big is villa S02/TH58?

2,733 sqft (253.9 sqm): a three-bedroom villa in The Springs 2, completed in 2005.

What is villa S02/TH58 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/TH58, The Springs 2

Starts from the last sale price (AED 5.2M, 22 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 5,200,000
Deposit, UAE resident (20%)
AED 1,040,000
Deposit, non-resident (40%)
AED 2,080,000
Monthly over 25 years at 3.7%
AED 21,275

Plus AED 223,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →