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2-bed · 1,764 sqftThe Springs 3, The Springs · completed 2004

S02/TH38, The Springs 3

Sold prices and rental history: sold once, by the developer in July 2007, and rented continuously since 2011. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S02/TH38 · DLD and Ejari recordsUpdated 1 September 2024
Last soldAED 708K31 July 2007
Current rentAED 150K /yr1 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S02/TH38, The Springs 3

What is S02/TH38 worth today?

Last sold for AED 707,888 in 2007

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1 Sep 2024RentedRenewal
AED 150,000/yr12 months · AED 85 per sqft
1 Sep 2023RentedNew contract
AED 150,000/yr12 months · AED 85 per sqft
20 Jan 2023RentedRenewal
AED 132,000/yr12 months · AED 75 per sqft
20 Jan 2022RentedNew contract
AED 125,000/yr12 months · AED 71 per sqft
1 Jun 2020RentedRenewal
AED 103,000/yr12 months · AED 58 per sqft
1 Jun 2019RentedRenewal
AED 121,500/yr12 months · AED 69 per sqft
1 Jun 2018RentedNew contract
AED 135,000/yr12 months · AED 77 per sqft
15 May 2016RentedRenewal
AED 152,500/yr12 months · AED 86 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 September 2024.

Key facts

Type
2-bed villa
Size
1,764 sqft
Developer
Emaar
Completed
2004
Service charge
AED 3,800 /yr
Last sold
AED 708K · July 2007
Community
The Springs 3

About S02/TH38, The Springs 3

S02/TH38 is a two-bedroom villa of 1,764 sqft in The Springs 3, a villa community in The Springs completed in 2004 by Emaar. The developer sold it on 31 July 2007 for AED 707,888, or AED 401 per sqft, 36% above the AED 294 two-beds in the community were fetching at the time.

It has been rented continuously since 2011 on 11 Ejari contracts. The current contract, renewed on 1 September 2024, is AED 150,000 a year: a gross yield of 21.2% on the 2007 price, before the service charge of about AED 3,800 a year.

Sales and rents for S02/TH38 over time

Sales
Villa S02/TH38, 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, July 2007: AED 707,888 (AED 401 per sqft)

S02/TH38 has sold once; the dashed line is the two-bed median of each year in the community.

Rents
Villa S02/TH38, 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, April 2011: AED 92,500 a yearRenewal, April 2012: AED 92,500 a yearNew contract, May 2014: AED 150,000 a yearRenewal, May 2016: AED 152,500 a yearNew contract, June 2018: AED 135,000 a yearRenewal, June 2019: AED 121,500 a yearRenewal, June 2020: AED 103,000 a yearNew contract, January 2022: AED 125,000 a yearRenewal, January 2023: AED 132,000 a yearNew contract, September 2023: AED 150,000 a yearRenewal, September 2024: AED 150,000 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/TH38 sits

All 180 2-beds →

S02/TH38 last sold in July 2007 at AED 401 per sqft, 36% above 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/TH38's AED 150,000 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/TH38, The Springs 3 in numbers

  • Sold once: by Emaar on 31 July 2007 for AED 707,888, or AED 401 per sqft.
  • Rented since April 2011 on 11 Ejari contracts, from AED 92,500 to AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2007 price is 21.2%, before a service charge of about AED 3,800 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 1 September 2024.

Questions about S02/TH38, The Springs 3

What did villa S02/TH38 last sell for?

AED 707,888 on 31 July 2007, sold by the developer: AED 401 per sqft for 1,764 sqft. It is the only registered sale of the villa.

What is the rent for villa S02/TH38?

AED 150,000 a year on the contract renewed on 1 September 2024. The previous contract, from September 2023, was AED 150,000; the villa has been rented since April 2011.

How big is villa S02/TH38?

1,764 sqft (163.9 sqm): a two-bedroom villa in The Springs 3, completed in 2004.

What is villa S02/TH38 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/TH38, The Springs 3

Starts from the last sale price (AED 708K, 31 July 2007). Switch to today's estimate once you have unlocked it.
Price
AED 707,888
Deposit, UAE resident (20%)
AED 141,578
Deposit, non-resident (40%)
AED 283,155
Monthly over 25 years at 3.7%
AED 2,896

Plus AED 34,742 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →