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2-bed · 1,631 sqftThe Springs 3, The Springs · completed 2004

S02/TH24, The Springs 3

Sold prices and rental history: sold once, by the developer in April 2008, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S02/TH24 · DLD and Ejari recordsUpdated 16 February 2024
Last soldAED 477K14 April 2008
Current rentAED 138K /yr16 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S02/TH24, The Springs 3

What is S02/TH24 worth today?

Last sold for AED 476,888 in 2008

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16 Feb 2024RentedNew contract
AED 138,000/yr12 months · AED 85 per sqft
10 Feb 2023RentedRenewal
AED 88,500/yr12 months · AED 54 per sqft
10 Feb 2022RentedRenewal
AED 80,500/yr12 months · AED 49 per sqft
10 Feb 2021RentedNew contract
AED 70,000/yr12 months · AED 43 per sqft
26 Nov 2019RentedNew contract
AED 75,000/yr12 months · AED 46 per sqft
20 May 2018RentedNew contract
AED 100,000/yr12 months · AED 61 per sqft
25 Jan 2017RentedNew contract
AED 115,000/yr12 months · AED 71 per sqft
4 Dec 2015RentedRenewal
AED 127,000/yr12 months · AED 78 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 16 February 2024.

Key facts

Type
2-bed villa
Size
1,631 sqft
Developer
Emaar
Completed
2004
Service charge
AED 3,500 /yr
Last sold
AED 477K · April 2008
Community
The Springs 3

About S02/TH24, The Springs 3

S02/TH24 is a two-bedroom villa of 1,631 sqft in The Springs 3, a villa community in The Springs completed in 2004 by Emaar. The developer sold it on 14 April 2008 for AED 476,888, or AED 292 per sqft, in line with the AED 294 two-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, signed on 16 February 2024, is AED 138,000 a year: a gross yield of 28.9% on the 2008 price, before the service charge of about AED 3,500 a year.

Sales and rents for S02/TH24 over time

Sales
Villa S02/TH24, each saleTypical two-bed in The Springs 3
02M4M20072012201720222027Typical sale price by year: 2007 AED 488,888; 2008 AED 727,200; 2009 AED 670,000; 2010 AED 701,694; 2011 AED 822,500; 2012 AED 1,395,000; 2013 AED 1,630,000; 2014 AED 2,095,000; 2015 AED 1,900,000; 2016 AED 1,800,000; 2017 AED 1,702,800; 2018 AED 1,497,500; 2019 AED 1,425,000; 2020 AED 1,200,000; 2021 AED 1,600,000; 2022 AED 1,800,000; 2023 AED 2,250,000; 2024 AED 2,750,000; 2025 AED 3,100,000; 2026 AED 4,325,000Sold by developer, April 2008: AED 476,888 (AED 292 per sqft)

S02/TH24 has sold once; the dashed line is the two-bed median of each year in the community.

Rents
Villa S02/TH24, each contractTypical two-bed in The Springs 3
100K150K20112015201920232027Typical rent by year: 2011 AED 85,000; 2012 AED 85,000; 2013 AED 99,484; 2014 AED 120,000; 2015 AED 126,000; 2016 AED 130,000; 2017 AED 120,000; 2018 AED 110,000; 2019 AED 94,000; 2020 AED 85,000; 2021 AED 86,125; 2022 AED 100,000; 2023 AED 120,039; 2024 AED 140,000; 2025 AED 145,000; 2026 AED 160,000New contract, December 2012: AED 95,000 a yearNew contract, December 2014: AED 127,000 a yearRenewal, December 2015: AED 127,000 a yearNew contract, January 2017: AED 115,000 a yearNew contract, May 2018: AED 100,000 a yearNew contract, November 2019: AED 75,000 a yearNew contract, February 2021: AED 70,000 a yearRenewal, February 2022: AED 80,500 a yearRenewal, February 2023: AED 88,500 a yearNew contract, February 2024: AED 138,000 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 3, and where S02/TH24 sits

All 180 2-beds →

S02/TH24 last sold in April 2008 at AED 292 per sqft, in line with what two-beds in The Springs 3 were fetching at the time (AED 294). Over the last 12 months two-beds sold for AED 2,770,000 to 4,510,000, around AED 1,991 per sqft, and rent for AED 104,000 to 265,000 a year. S02/TH24's AED 138,000 is in the lower half of that range.

Recent 2-bed salesVilla no.Price (AED)Summary
5 Feb 20264,510,000
29 Jan 20263,250,000
26 Jan 20264,325,000
3 Dec 20252,770,000
5 2-bed sales in the last 12 months

The Springs 3

Community

449 villas, 2-bed to 6-bed in The Springs, completed in 2004 by Emaar. 8 sold in the last 12 months.

Typical price per sqft
AED 2,350
Typical sale
AED 4.42M
Typical rent
AED 190K /yr
Typical yield
4.1%
The Springs 3, The Springs: prices, sales and rents →

S02/TH24, The Springs 3 in numbers

  • Sold once: by Emaar on 14 April 2008 for AED 476,888, or AED 292 per sqft.
  • Rented since December 2012 on 10 Ejari contracts. The rent fell from AED 95,000 to AED 70,000 in 2021 and recovered to AED 138,000 by February 2024.
  • At AED 138,000 a year the gross yield on the 2008 price is 28.9%, before a service charge of about AED 3,500 a year (AED 2.13 per sqft).
  • Two-beds in The Springs 3 sold for AED 2,770,000–4,510,000 in the 12 months to November 2026; the community's median across all types is AED 2,350 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 16 February 2024.

Questions about S02/TH24, The Springs 3

What did villa S02/TH24 last sell for?

AED 476,888 on 14 April 2008, sold by the developer: AED 292 per sqft for 1,631 sqft. It is the only registered sale of the villa.

What is the rent for villa S02/TH24?

AED 138,000 a year on the contract signed on 16 February 2024. The previous contract, from February 2023, was AED 88,500; the villa has been rented since December 2012.

How big is villa S02/TH24?

1,631 sqft (151.5 sqm): a two-bedroom villa in The Springs 3, completed in 2004.

What is villa S02/TH24 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 3 sold for AED 2,770,000 to 4,510,000 in the last 12 months, around AED 1,991 per sqft.

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Mortgage on S02/TH24, The Springs 3

Starts from the last sale price (AED 477K, 14 April 2008). Switch to today's estimate once you have unlocked it.
Price
AED 476,888
Deposit, UAE resident (20%)
AED 95,378
Deposit, non-resident (40%)
AED 190,755
Monthly over 25 years at 3.7%
AED 1,951

Plus AED 22,940 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →