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3-bed · 2,920 sqftThe Springs 3, The Springs · completed 2004

S03/TH31, The Springs 3

Sold prices and rental history: sold 3 times, last in May 2017, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S03/TH31 · DLD and Ejari recordsUpdated 21 May 2017
Last soldAED 3.8M21 May 2017
Current rentAED 250K /yr20 February 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S03/TH31, The Springs 3

What is S03/TH31 worth today?

Last sold for AED 3,800,000 in 2017

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21 May 2017SoldReady
AED 3,800,000AED 1,301 per sqft
20 Feb 2016RentedRenewal
AED 250,000/yr12 months · AED 86 per sqft
20 Feb 2014RentedNew contract
AED 250,000/yr12 months · AED 86 per sqft
25 Jan 2013RentedNew contract
AED 195,000/yr12 months · AED 67 per sqft
13 May 2010SoldReady
AED 2,596,200AED 888 per sqft
27 Jun 2007Sold by developerReady
AED 1,191,888AED 408 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 21 May 2017.

Key facts

Type
3-bed villa
Size
2,920 sqft
Developer
Emaar
Completed
2004
Service charge
AED 6,200 /yr
Last sold
AED 3.8M · May 2017
Community
The Springs 3

About S03/TH31, The Springs 3

S03/TH31 is a three-bedroom villa of 2,920 sqft in The Springs 3, a villa community in The Springs completed in 2004 by Emaar. It last sold on 21 May 2017 for AED 3,800,000, or AED 1,301 per sqft, 15% above the AED 1,131 three-beds in the community were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, renewed on 20 February 2016, is AED 250,000 a year: a gross yield of 6.6% on the 2017 price, before the service charge of about AED 6,200 a year.

Sales and rents for S03/TH31 over time

Sales
Villa S03/TH31, each saleTypical three-bed in The Springs 3
05M20072012201720222027Typical sale price by year: 2007 AED 701,000; 2008 AED 829,888; 2009 AED 1,168,888; 2010 AED 1,191,888; 2011 AED 1,225,000; 2012 AED 1,617,000; 2013 AED 2,650,000; 2014 AED 3,000,000; 2015 AED 2,575,000; 2016 AED 2,875,000; 2017 AED 2,600,000; 2018 AED 2,000,000; 2019 AED 2,012,500; 2020 AED 1,700,000; 2021 AED 2,462,500; 2022 AED 3,050,000; 2023 AED 3,600,000; 2024 AED 4,750,000; 2025 AED 5,300,000; 2026 AED 6,500,000Sold by developer, June 2007: AED 1,191,888 (AED 408 per sqft)Sold, May 2010: AED 2,596,200 (AED 888 per sqft)Sold, May 2017: AED 3,800,000 (AED 1,301 per sqft)

S03/TH31 has sold 3 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa S03/TH31, each contractTypical three-bed in The Springs 3
100K200K20112015201920232027Typical rent by year: 2011 AED 115,000; 2012 AED 130,000; 2013 AED 150,000; 2014 AED 165,000; 2015 AED 170,000; 2016 AED 171,625; 2017 AED 165,000; 2018 AED 150,000; 2019 AED 131,000; 2020 AED 121,000; 2021 AED 125,000; 2022 AED 136,500; 2023 AED 165,000; 2024 AED 197,500; 2025 AED 220,000; 2026 AED 218,607New contract, January 2013: AED 195,000 a yearNew contract, February 2014: AED 250,000 a yearRenewal, February 2016: AED 250,000 a year

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

3-beds in The Springs 3, and where S03/TH31 sits

All 193 3-beds →

S03/TH31 last sold in May 2017 at AED 1,301 per sqft, 15% above what three-beds in The Springs 3 were fetching at the time (AED 1,131). Over the last 12 months three-beds sold for AED 4,995,000 to 7,300,000, around AED 2,448 per sqft, and rent for AED 169,763 to 370,000 a year. S03/TH31's AED 250,000 is in the lower half of that range.

Recent 3-bed salesVilla no.Price (AED)Summary
11 Feb 20264,995,000
11 Feb 20267,300,000
21 Jan 20266,500,000
5 Nov 20255,650,000
3 3-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/TH31, The Springs 3 in numbers

  • Sold 3 times: first on 27 June 2007 for AED 1,191,888, last on 21 May 2017 for AED 3,800,000 (AED 1,301 per sqft).
  • Rented since January 2013 on 3 Ejari contracts, from AED 195,000 to AED 250,000 a year.
  • At AED 250,000 a year the gross yield on the 2017 price is 6.6%, before a service charge of about AED 6,200 a year (AED 2.13 per sqft).
  • Three-beds in The Springs 3 sold for AED 4,995,000–7,300,000 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 21 May 2017.

Questions about S03/TH31, The Springs 3

What did villa S03/TH31 last sell for?

AED 3,800,000 on 21 May 2017: AED 1,301 per sqft for 2,920 sqft. The villa has 3 registered sales; the first was AED 1,191,888 in June 2007.

What is the rent for villa S03/TH31?

AED 250,000 a year on the contract renewed on 20 February 2016. The previous contract, from February 2014, was AED 250,000; the villa has been rented since January 2013.

How big is villa S03/TH31?

2,920 sqft (271.3 sqm): a three-bedroom villa in The Springs 3, completed in 2004.

What is villa S03/TH31 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in The Springs 3 sold for AED 4,995,000 to 7,300,000 in the last 12 months, around AED 2,448 per sqft.

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Mortgage on S03/TH31, The Springs 3

Starts from the last sale price (AED 3.8M, 21 May 2017). Switch to today's estimate once you have unlocked it.
Price
AED 3,800,000
Deposit, UAE resident (20%)
AED 760,000
Deposit, non-resident (40%)
AED 1,520,000
Monthly over 25 years at 3.7%
AED 15,547

Plus AED 164,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →