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2-bed · 1,647 sqftThe Springs 5, The Springs · completed 2004

S07/TH02, The Springs 5

Sold prices and rental history: sold twice, last in August 2009, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S07/TH02 · DLD and Ejari recordsUpdated 15 December 2022
Last soldAED 649K18 August 2009
Current rentAED 89K /yr15 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S07/TH02, The Springs 5

What is S07/TH02 worth today?

Last sold for AED 648,888 in 2009

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15 Dec 2022RentedRenewal
AED 88,500/yr12 months · AED 54 per sqft
15 Dec 2020RentedNew contract
AED 70,000/yr12 months · AED 43 per sqft
15 Jul 2018RentedRenewal
AED 90,000/yr12 months · AED 55 per sqft
15 Jul 2017RentedRenewal
AED 90,000/yr12 months · AED 55 per sqft
18 Aug 2009Sold by developerReady
AED 648,888AED 394 per sqft
18 Aug 2009SoldReady
AED 2,400,000AED 1,457 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 December 2022.

Key facts

Type
2-bed villa
Size
1,647 sqft
Developer
Emaar
Completed
2004
Service charge
AED 3,500 /yr
Last sold
AED 649K · August 2009
Community
The Springs 5

About S07/TH02, The Springs 5

S07/TH02 is a two-bedroom villa of 1,647 sqft in The Springs 5, a villa community in The Springs completed in 2004 by Emaar. The developer sold it on 18 August 2009 for AED 648,888, or AED 394 per sqft, 46% below the AED 733 two-beds in the community were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, renewed on 15 December 2022, is AED 88,500 a year: a gross yield of 13.6% on the 2009 price, before the service charge of about AED 3,500 a year.

Sales and rents for S07/TH02 over time

Sales
Villa S07/TH02, each saleTypical two-bed in The Springs 5
2M2007201220172022Typical sale price by year: 2007 AED 490,000; 2008 AED 885,500; 2009 AED 1,300,000; 2010 AED 620,000; 2011 AED 1,215,000; 2012 AED 1,332,500; 2013 AED 1,937,500; 2014 AED 900,001; 2015 AED 1,875,000; 2016 AED 1,800,000; 2017 AED 1,580,000; 2018 AED 1,350,000; 2019 AED 1,200,000; 2020 AED 1,215,000; 2021 AED 1,579,000; 2022 AED 1,737,500; 2023 AED 2,150,000; 2024 AED 2,650,000; 2025 AED 3,050,000Sold by developer, August 2009: AED 648,888 (AED 394 per sqft)Sold, August 2009: AED 2,400,000 (AED 1,457 per sqft)

S07/TH02 has sold twice; the dashed line is the two-bed median of each year in the community.

Rents
Villa S07/TH02, each contractTypical two-bed in The Springs 5
100K150K2012201620202024Typical rent by year: 2012 AED 86,000; 2013 AED 97,366; 2014 AED 125,000; 2015 AED 130,000; 2016 AED 130,000; 2017 AED 115,500; 2018 AED 105,000; 2019 AED 92,250; 2020 AED 80,000; 2021 AED 85,000; 2022 AED 92,950; 2023 AED 120,000; 2024 AED 128,750; 2025 AED 145,000; 2026 AED 140,000Renewal, July 2017: AED 90,000 a yearRenewal, July 2018: AED 90,000 a yearNew contract, December 2020: AED 70,000 a yearRenewal, December 2022: AED 88,500 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 5, and where S07/TH02 sits

All 98 2-beds →

S07/TH02 last sold in August 2009 at AED 394 per sqft, 46% below what two-beds in The Springs 5 were fetching at the time (AED 733). Over the last 12 months two-beds sold for AED 2,950,000 to 3,150,000, around AED 1,801 per sqft, and rent for AED 105,000 to 220,000 a year. S07/TH02's AED 88,500 is at the bottom of that range.

Recent 2-bed salesVilla no.Price (AED)Summary
30 Jan 20263,150,000
12 Jan 20262,950,000
11 Dec 20252,950,000
28 Oct 20253,300,000
3 2-bed sales in the last 12 months

The Springs 5

Community

269 villas, 2-bed to 3-bed in The Springs, completed in 2004 by Emaar. 5 sold in the last 12 months.

Typical price per sqft
AED 1,901
Typical sale
AED 3.15M
Typical rent
AED 191K /yr
Typical yield
4.7%
The Springs 5, The Springs: prices, sales and rents →

S07/TH02, The Springs 5 in numbers

  • Sold twice: first on 18 August 2009 for AED 2,400,000, last on 18 August 2009 for AED 648,888 (AED 394 per sqft).
  • Rented since July 2017 on 4 Ejari contracts. The rent fell from AED 90,000 to AED 70,000 in 2020 and recovered to AED 88,500 by December 2022.
  • At AED 88,500 a year the gross yield on the 2009 price is 13.6%, before a service charge of about AED 3,500 a year (AED 2.13 per sqft).
  • Two-beds in The Springs 5 sold for AED 2,950,000–3,150,000 in the 12 months to November 2026; the community's median across all types is AED 1,901 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 15 December 2022.

Questions about S07/TH02, The Springs 5

What did villa S07/TH02 last sell for?

AED 648,888 on 18 August 2009, sold by the developer: AED 394 per sqft for 1,647 sqft. The villa has 2 registered sales; the first was AED 2,400,000 in August 2009.

What is the rent for villa S07/TH02?

AED 88,500 a year on the contract renewed on 15 December 2022. The previous contract, from December 2020, was AED 70,000; the villa has been rented since July 2017.

How big is villa S07/TH02?

1,647 sqft (153.0 sqm): a two-bedroom villa in The Springs 5, completed in 2004.

What is villa S07/TH02 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 5 sold for AED 2,950,000 to 3,150,000 in the last 12 months, around AED 1,801 per sqft.

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Mortgage on S07/TH02, The Springs 5

Starts from the last sale price (AED 649K, 18 August 2009). Switch to today's estimate once you have unlocked it.
Price
AED 648,888
Deposit, UAE resident (20%)
AED 129,778
Deposit, non-resident (40%)
AED 259,555
Monthly over 25 years at 3.7%
AED 2,655

Plus AED 32,264 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →