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

S07/TH48, The Springs 3

Sold prices and rental history: sold once, by the developer in September 2010, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S07/TH48 · DLD and Ejari recordsUpdated 15 May 2023
Last soldAED 775K19 September 2010
Current rentAED 155K /yr15 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S07/TH48, The Springs 3

What is S07/TH48 worth today?

Last sold for AED 775,000 in 2010

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15 May 2023RentedNew contract
AED 155,000/yr12 months · AED 88 per sqft
1 Sep 2021RentedRenewal
AED 86,000/yr12 months · AED 49 per sqft
1 Sep 2020RentedNew contract
AED 80,000/yr12 months · AED 45 per sqft
10 Jun 2019RentedNew contract
AED 95,000/yr12 months · AED 54 per sqft
20 May 2018RentedNew contract
AED 115,000/yr12 months · AED 65 per sqft
22 Jan 2017RentedNew contract
AED 135,000/yr12 months · AED 77 per sqft
30 Dec 2014RentedNew contract
AED 140,000/yr12 months · AED 79 per sqft
29 Dec 2013RentedNew contract
AED 140,000/yr12 months · AED 79 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 May 2023.

Key facts

Type
2-bed villa
Size
1,764 sqft
Developer
Emaar
Completed
2004
Service charge
AED 3,800 /yr
Last sold
AED 775K · September 2010
Community
The Springs 3

About S07/TH48, The Springs 3

S07/TH48 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 19 September 2010 for AED 775,000, or AED 439 per sqft, 17% below the AED 526 two-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, signed on 15 May 2023, is AED 155,000 a year: a gross yield of 20.0% on the 2010 price, before the service charge of about AED 3,800 a year.

Sales and rents for S07/TH48 over time

Sales
Villa S07/TH48, 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, September 2010: AED 775,000 (AED 439 per sqft)

S07/TH48 has sold once; the dashed line is the two-bed median of each year in the community.

Rents
Villa S07/TH48, 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 2013: AED 140,000 a yearNew contract, December 2014: AED 140,000 a yearNew contract, January 2017: AED 135,000 a yearNew contract, May 2018: AED 115,000 a yearNew contract, June 2019: AED 95,000 a yearNew contract, September 2020: AED 80,000 a yearRenewal, September 2021: AED 86,000 a yearNew contract, May 2023: AED 155,000 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 S07/TH48 sits

All 180 2-beds →

S07/TH48 last sold in September 2010 at AED 439 per sqft, 17% below what two-beds in The Springs 3 were fetching at the time (AED 526). 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. S07/TH48's AED 155,000 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 →

S07/TH48, The Springs 3 in numbers

  • Sold once: by Emaar on 19 September 2010 for AED 775,000, or AED 439 per sqft.
  • Rented since December 2013 on 8 Ejari contracts. The rent fell from AED 140,000 to AED 80,000 in 2020 and recovered to AED 155,000 by May 2023.
  • At AED 155,000 a year the gross yield on the 2010 price is 20.0%, 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 15 May 2023.

Questions about S07/TH48, The Springs 3

What did villa S07/TH48 last sell for?

AED 775,000 on 19 September 2010, sold by the developer: AED 439 per sqft for 1,764 sqft. It is the only registered sale of the villa.

What is the rent for villa S07/TH48?

AED 155,000 a year on the contract signed on 15 May 2023. The previous contract, from September 2021, was AED 86,000; the villa has been rented since December 2013.

How big is villa S07/TH48?

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

What is villa S07/TH48 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 S07/TH48, The Springs 3

Starts from the last sale price (AED 775K, 19 September 2010). Switch to today's estimate once you have unlocked it.
Price
AED 775,000
Deposit, UAE resident (20%)
AED 155,000
Deposit, non-resident (40%)
AED 310,000
Monthly over 25 years at 3.7%
AED 3,171

Plus AED 37,560 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →