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2-bed · 1,763 sqftThe Springs 3, The Springs · completed 2004

S02/TH51, The Springs 3

Sold prices and rental history: sold twice, last in July 2019, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S02/TH51 · DLD and Ejari recordsUpdated 18 July 2019
Last soldAED 1.35M18 July 2019
Current rentAED 100K /yr4 July 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S02/TH51, The Springs 3

What is S02/TH51 worth today?

Last sold for AED 1,350,000 in 2019

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18 Jul 2019SoldReady
AED 1,350,000AED 765 per sqft
4 Jul 2018RentedNew contract
AED 100,000/yr12 months · AED 57 per sqft
24 Jun 2017RentedRenewal
AED 125,000/yr12 months · AED 71 per sqft
24 Jun 2016RentedNew contract
AED 125,000/yr12 months · AED 71 per sqft
23 Jan 2016RentedRenewal
AED 125,000/yr3 months · AED 71 per sqft
23 Jan 2015RentedNew contract
AED 125,000/yr12 months · AED 71 per sqft
1 Feb 2013RentedNew contract
AED 90,000/yr12 months · AED 51 per sqft
15 Aug 2011Sold by developerReady
AED 1,500,000AED 850 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 18 July 2019.

Key facts

Type
2-bed villa
Size
1,763 sqft
Developer
Emaar
Completed
2004
Service charge
AED 3,800 /yr
Last sold
AED 1.35M · July 2019
Community
The Springs 3

About S02/TH51, The Springs 3

S02/TH51 is a two-bedroom villa of 1,763 sqft in The Springs 3, a villa community in The Springs completed in 2004 by Emaar. It last sold on 18 July 2019 for AED 1,350,000, or AED 765 per sqft, 5% below the AED 809 two-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 4 July 2018, is AED 100,000 a year: a gross yield of 7.4% on the 2019 price, before the service charge of about AED 3,800 a year.

Sales and rents for S02/TH51 over time

Sales
Villa S02/TH51, 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, August 2011: AED 1,500,000 (AED 850 per sqft)Sold, July 2019: AED 1,350,000 (AED 765 per sqft)

S02/TH51 has sold twice; the dashed line is the two-bed median of each year in the community.

Rents
Villa S02/TH51, 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, February 2013: AED 90,000 a yearNew contract, January 2015: AED 125,000 a yearRenewal, January 2016: AED 125,000 a yearNew contract, June 2016: AED 125,000 a yearRenewal, June 2017: AED 125,000 a yearNew contract, July 2018: AED 100,000 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/TH51 sits

All 180 2-beds →

S02/TH51 last sold in July 2019 at AED 765 per sqft, 5% below what two-beds in The Springs 3 were fetching at the time (AED 809). 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/TH51's AED 100,000 is at the bottom 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/TH51, The Springs 3 in numbers

  • Sold twice: first on 15 August 2011 for AED 1,500,000, last on 18 July 2019 for AED 1,350,000 (AED 765 per sqft).
  • Rented since February 2013 on 6 Ejari contracts, from AED 90,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2019 price is 7.4%, 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 18 July 2019.

Questions about S02/TH51, The Springs 3

What did villa S02/TH51 last sell for?

AED 1,350,000 on 18 July 2019: AED 765 per sqft for 1,763 sqft. The villa has 2 registered sales; the first was AED 1,500,000 in August 2011.

What is the rent for villa S02/TH51?

AED 100,000 a year on the contract signed on 4 July 2018. The previous contract, from June 2017, was AED 125,000; the villa has been rented since February 2013.

How big is villa S02/TH51?

1,763 sqft (163.8 sqm): a two-bedroom villa in The Springs 3, completed in 2004.

What is villa S02/TH51 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/TH51, The Springs 3

Starts from the last sale price (AED 1.35M, 18 July 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,350,000
Deposit, UAE resident (20%)
AED 270,000
Deposit, non-resident (40%)
AED 540,000
Monthly over 25 years at 3.7%
AED 5,523

Plus AED 61,710 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →