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2-bed · 2,531 sqftThe Springs 2, The Springs · completed 2005

S02/TH60, The Springs 2

Sold prices and rental history: sold 3 times, last in October 2020, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S02/TH60 · DLD and Ejari recordsUpdated 19 October 2020
Last soldAED 2.2M19 October 2020
Current rentAED 178K /yr1 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S02/TH60, The Springs 2

What is S02/TH60 worth today?

Last sold for AED 2,200,000 in 2020

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19 Oct 2020SoldReady
AED 2,200,000AED 869 per sqft
1 Sep 2020RentedRenewal
AED 178,085/yr3 months · AED 70 per sqft
1 Sep 2019RentedNew contract
AED 160,000/yr12 months · AED 63 per sqft
1 Jun 2018RentedNew contract
AED 165,000/yr12 months · AED 65 per sqft
1 Oct 2016RentedNew contract
AED 190,000/yr12 months · AED 75 per sqft
20 Sep 2013RentedNew contract
AED 210,000/yr12 months · AED 83 per sqft
19 Sep 2011SoldReady
AED 2,300,000AED 908 per sqft
24 Nov 2009Sold by developerReady
AED 2,802,000AED 1,107 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 19 October 2020.

Key facts

Type
2-bed villa
Size
2,531 sqft
Developer
Emaar
Completed
2005
Service charge
AED 5,400 /yr
Last sold
AED 2.2M · October 2020
Community
The Springs 2

About S02/TH60, The Springs 2

S02/TH60 is a two-bedroom villa of 2,531 sqft in The Springs 2, a villa community in The Springs completed in 2005 by Emaar. It last sold on 19 October 2020 for AED 2,200,000, or AED 869 per sqft, 10% above the AED 791 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 1 September 2020, is AED 178,085 a year: a gross yield of 8.1% on the 2020 price, before the service charge of about AED 5,400 a year.

Sales and rents for S02/TH60 over time

Sales
Villa S02/TH60, 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, November 2009: AED 2,802,000 (AED 1,107 per sqft)Sold, September 2011: AED 2,300,000 (AED 908 per sqft)Sold, October 2020: AED 2,200,000 (AED 869 per sqft)

S02/TH60 has sold 3 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa S02/TH60, each contractTypical two-bed in The Springs 2
100K200K20112015201920232027Typical 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, September 2013: AED 210,000 a yearNew contract, October 2016: AED 190,000 a yearNew contract, June 2018: AED 165,000 a yearNew contract, September 2019: AED 160,000 a yearRenewal, September 2020: AED 178,085 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/TH60 sits

All 280 2-beds →

S02/TH60 last sold in October 2020 at AED 869 per sqft, 10% above what two-beds in The Springs 2 were fetching at the time (AED 791). 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/TH60's AED 178,085 is in the upper 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/TH60, The Springs 2 in numbers

  • Sold 3 times: first on 24 November 2009 for AED 2,802,000, last on 19 October 2020 for AED 2,200,000 (AED 869 per sqft).
  • Rented since September 2013 on 5 Ejari contracts. The rent fell from AED 210,000 to AED 160,000 in 2019 and recovered to AED 178,085 by September 2020.
  • At AED 178,085 a year the gross yield on the 2020 price is 8.1%, before a service charge of about AED 5,400 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 19 October 2020.

Questions about S02/TH60, The Springs 2

What did villa S02/TH60 last sell for?

AED 2,200,000 on 19 October 2020: AED 869 per sqft for 2,531 sqft. The villa has 3 registered sales; the first was AED 2,802,000 in November 2009.

What is the rent for villa S02/TH60?

AED 178,085 a year on the contract renewed on 1 September 2020. The previous contract, from September 2019, was AED 160,000; the villa has been rented since September 2013.

How big is villa S02/TH60?

2,531 sqft (235.1 sqm): a two-bedroom villa in The Springs 2, completed in 2005.

What is villa S02/TH60 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/TH60, The Springs 2

Starts from the last sale price (AED 2.2M, 19 October 2020). Switch to today's estimate once you have unlocked it.
Price
AED 2,200,000
Deposit, UAE resident (20%)
AED 440,000
Deposit, non-resident (40%)
AED 880,000
Monthly over 25 years at 3.7%
AED 9,001

Plus AED 97,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →