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4-bed · 2,690 sqftThe Springs 3, The Springs · completed 2004

S03/TH16, The Springs 3

Sold prices and rental history: sold once, by the developer in March 2008, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S03/TH16 · DLD and Ejari recordsUpdated 15 May 2016
Last soldAED 1.69M23 March 2008
Current rentAED 115K /yr15 May 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S03/TH16, The Springs 3

What is S03/TH16 worth today?

Last sold for AED 1,690,000 in 2008

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15 May 2016RentedRenewal
AED 115,000/yr12 months · AED 43 per sqft
15 May 2014RentedNew contract
AED 100,000/yr12 months · AED 37 per sqft
23 Mar 2008Sold by developerReady
AED 1,690,000AED 628 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 May 2016.

Key facts

Type
4-bed villa
Size
2,690 sqft
Developer
Emaar
Completed
2004
Service charge
AED 5,700 /yr
Last sold
AED 1.69M · March 2008
Community
The Springs 3

About S03/TH16, The Springs 3

S03/TH16 is a four-bedroom villa of 2,690 sqft in The Springs 3, a villa community in The Springs completed in 2004 by Emaar. The developer sold it on 23 March 2008 for AED 1,690,000, or AED 628 per sqft, 105% above the AED 306 four-beds in the community were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, renewed on 15 May 2016, is AED 115,000 a year: a gross yield of 6.8% on the 2008 price, before the service charge of about AED 5,700 a year.

Sales and rents for S03/TH16 over time

Sales
Villa S03/TH16, each saleTypical four-bed in The Springs 3
2M4M2007201220172022Typical sale price by year: 2007 AED 787,888; 2008 AED 1,350,000; 2009 AED 1,658,300; 2010 AED 1,180,444; 2011 AED 2,030,000; 2012 AED 2,160,000; 2013 AED 2,875,000; 2014 AED 3,250,000; 2015 AED 2,900,000; 2016 AED 2,937,500; 2017 AED 2,715,000; 2018 AED 2,575,000; 2019 AED 2,000,000; 2021 AED 2,750,000; 2022 AED 3,200,000; 2023 AED 4,237,500Sold by developer, March 2008: AED 1,690,000 (AED 628 per sqft)

S03/TH16 has sold once; the dashed line is the four-bed median of each year in the community.

Rents
Villa S03/TH16, each contractTypical four-bed in The Springs 3
100K200K300K2012201620202024Typical rent by year: 2012 AED 155,000; 2013 AED 170,000; 2014 AED 190,000; 2015 AED 190,000; 2016 AED 190,000; 2017 AED 184,504; 2018 AED 165,000; 2019 AED 155,000; 2020 AED 140,000; 2021 AED 143,375; 2022 AED 155,000; 2023 AED 182,500; 2024 AED 207,875; 2025 AED 295,000; 2026 AED 245,000New contract, May 2014: AED 100,000 a yearRenewal, May 2016: AED 115,000 a year

Annual rent on each registered contract; the dashed line is the four-bed median of each year in the community.

4-beds in The Springs 3, and where S03/TH16 sits

All 75 4-beds →

S03/TH16 last sold in March 2008 at AED 628 per sqft, 105% above what four-beds in The Springs 3 were fetching at the time (AED 306). S03/TH16's AED 115,000 is at the bottom of that range.

Recent 4-bed salesVilla no.Price (AED)Summary
5 Feb 20244,600,000
27 Sep 20234,125,000
22 Aug 20234,350,000
4 Jul 20234,200,000
0 4-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 →

S03/TH16, The Springs 3 in numbers

  • Sold once: by Emaar on 23 March 2008 for AED 1,690,000, or AED 628 per sqft.
  • Rented since May 2014 on 2 Ejari contracts, from AED 100,000 to AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2008 price is 6.8%, before a service charge of about AED 5,700 a year (AED 2.13 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 15 May 2016.

Questions about S03/TH16, The Springs 3

What did villa S03/TH16 last sell for?

AED 1,690,000 on 23 March 2008, sold by the developer: AED 628 per sqft for 2,690 sqft. It is the only registered sale of the villa.

What is the rent for villa S03/TH16?

AED 115,000 a year on the contract renewed on 15 May 2016. The previous contract, from May 2014, was AED 100,000.

How big is villa S03/TH16?

2,690 sqft (249.9 sqm): a four-bedroom villa in The Springs 3, completed in 2004.

What is villa S03/TH16 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 S03/TH16, The Springs 3

Starts from the last sale price (AED 1.69M, 23 March 2008). Switch to today's estimate once you have unlocked it.
Price
AED 1,690,000
Deposit, UAE resident (20%)
AED 338,000
Deposit, non-resident (40%)
AED 676,000
Monthly over 25 years at 3.7%
AED 6,914

Plus AED 75,990 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →