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3-bed · 2,342 sqftThe Springs 7, The Springs · completed 2004

S02/TH04, The Springs 7

Sold prices and rental history: sold twice, last in May 2020, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S02/TH04 · DLD and Ejari recordsUpdated 21 May 2020
Last soldAED 1.7M21 May 2020
Current rentAED 135K /yr5 January 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S02/TH04, The Springs 7

What is S02/TH04 worth today?

Last sold for AED 1,700,000 in 2020

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21 May 2020SoldReady
AED 1,700,000AED 725 per sqft
5 Jan 2019RentedRenewal
AED 135,000/yr12 months · AED 58 per sqft
5 Jan 2018RentedRenewal
AED 145,000/yr12 months · AED 62 per sqft
5 Jan 2017RentedRenewal
AED 157,000/yr12 months · AED 67 per sqft
5 Jan 2016RentedNew contract
AED 160,000/yr12 months · AED 68 per sqft
7 Aug 2014RentedNew contract
AED 167,000/yr12 months · AED 71 per sqft
7 Aug 2013RentedNew contract
AED 160,000/yr12 months · AED 68 per sqft
25 Jun 2009Sold by developerReady
AED 840,000AED 358 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 21 May 2020.

Key facts

Type
3-bed villa
Size
2,342 sqft
Developer
Emaar
Completed
2004
Service charge
AED 5,000 /yr
Last sold
AED 1.7M · May 2020
Community
The Springs 7

About S02/TH04, The Springs 7

S02/TH04 is a three-bedroom villa of 2,342 sqft in The Springs 7, a villa community in The Springs completed in 2004 by Emaar. It last sold on 21 May 2020 for AED 1,700,000, or AED 725 per sqft, 12% above the AED 650 three-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 5 January 2019, is AED 135,000 a year: a gross yield of 7.9% on the 2020 price, before the service charge of about AED 5,000 a year.

Sales and rents for S02/TH04 over time

Sales
Villa S02/TH04, each saleTypical three-bed in The Springs 7
02.5M5M2007201220172022Typical sale price by year: 2007 AED 656,888; 2008 AED 960,000; 2009 AED 1,033,981; 2010 AED 845,944; 2011 AED 1,110,000; 2012 AED 1,900,000; 2013 AED 2,600,000; 2014 AED 3,800,000; 2015 AED 2,430,000; 2016 AED 1,712,500; 2017 AED 2,285,000; 2018 AED 2,115,000; 2019 AED 1,800,000; 2020 AED 1,700,000; 2021 AED 2,237,500; 2022 AED 2,630,000; 2023 AED 3,200,000; 2024 AED 4,525,000; 2025 AED 5,359,264Sold by developer, June 2009: AED 840,000 (AED 358 per sqft)Sold, May 2020: AED 1,700,000 (AED 725 per sqft)

S02/TH04 has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa S02/TH04, each contractTypical three-bed in The Springs 7
100K200K2012201620202024Typical rent by year: 2012 AED 130,000; 2013 AED 150,000; 2014 AED 168,000; 2015 AED 170,000; 2016 AED 170,000; 2017 AED 157,000; 2018 AED 145,000; 2019 AED 135,000; 2020 AED 120,000; 2021 AED 127,000; 2022 AED 142,100; 2023 AED 147,000; 2024 AED 174,500; 2025 AED 215,000; 2026 AED 262,500New contract, August 2013: AED 160,000 a yearNew contract, August 2014: AED 167,000 a yearNew contract, January 2016: AED 160,000 a yearRenewal, January 2017: AED 157,000 a yearRenewal, January 2018: AED 145,000 a yearRenewal, January 2019: AED 135,000 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 7, and where S02/TH04 sits

All 128 3-beds →

S02/TH04 last sold in May 2020 at AED 725 per sqft, 12% above what three-beds in The Springs 7 were fetching at the time (AED 650). Over the last 12 months three-beds sold for AED 3,100,000 to 7,100,000, around AED 2,400 per sqft, and rent for AED 182,505 to 315,000 a year. S02/TH04's AED 135,000 is at the bottom of that range.

Recent 3-bed salesVilla no.Price (AED)Summary
5 Feb 20264,940,000
2 Feb 20263,100,000
26 Dec 20255,760,000
23 Dec 20254,999,000
7 3-bed sales in the last 12 months

The Springs 7

Community

267 villas, 2-bed to 4-bed in The Springs, completed in 2004 by Emaar. 12 sold in the last 12 months.

Typical price per sqft
AED 2,137 Up 9.8%
Typical sale
AED 4.36M
Typical rent
AED 170K /yr
Typical yield
4.5%
The Springs 7, The Springs: prices, sales and rents →

S02/TH04, The Springs 7 in numbers

  • Sold twice: first on 25 June 2009 for AED 840,000, last on 21 May 2020 for AED 1,700,000 (AED 725 per sqft).
  • Rented since August 2013 on 6 Ejari contracts, from AED 160,000 to AED 135,000 a year.
  • At AED 135,000 a year the gross yield on the 2020 price is 7.9%, before a service charge of about AED 5,000 a year (AED 2.13 per sqft).
  • Three-beds in The Springs 7 sold for AED 3,100,000–7,100,000 in the 12 months to November 2026; the community's median across all types is AED 2,137 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 21 May 2020.

Questions about S02/TH04, The Springs 7

What did villa S02/TH04 last sell for?

AED 1,700,000 on 21 May 2020: AED 725 per sqft for 2,342 sqft. The villa has 2 registered sales; the first was AED 840,000 in June 2009.

What is the rent for villa S02/TH04?

AED 135,000 a year on the contract renewed on 5 January 2019. The previous contract, from January 2018, was AED 145,000; the villa has been rented since August 2013.

How big is villa S02/TH04?

2,342 sqft (217.6 sqm): a three-bedroom villa in The Springs 7, completed in 2004.

What is villa S02/TH04 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 7 sold for AED 3,100,000 to 7,100,000 in the last 12 months, around AED 2,400 per sqft.

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Mortgage on S02/TH04, The Springs 7

Starts from the last sale price (AED 1.7M, 21 May 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,700,000
Deposit, UAE resident (20%)
AED 340,000
Deposit, non-resident (40%)
AED 680,000
Monthly over 25 years at 3.7%
AED 6,955

Plus AED 76,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →