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3-bed · 2,359 sqftThe Springs 7, The Springs · completed 2004

S02/TH15, The Springs 7

Sold prices and rental history: sold 5 times, last in June 2016, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S02/TH15 · DLD and Ejari recordsUpdated 25 March 2017
Last soldAED 1.5M15 June 2016
Current rentAED 155K /yr25 March 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S02/TH15, The Springs 7

What is S02/TH15 worth today?

Last sold for AED 1,500,000 in 2016

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25 Mar 2017RentedNew contract
AED 155,000/yr3 months · AED 66 per sqft
15 Jun 2016SoldReady
AED 1,500,000AED 635 per sqft
15 Jun 2016SoldReady
AED 1,200,000AED 508 per sqft
25 Mar 2016RentedRenewal
AED 155,000/yr12 months · AED 66 per sqft
25 Mar 2015RentedNew contract
AED 155,000/yr12 months · AED 66 per sqft
1 Feb 2014RentedNew contract
AED 115,000/yr12 months · AED 49 per sqft
1 Feb 2013RentedNew contract
AED 115,000/yr12 months · AED 49 per sqft
5 Jan 2009SoldReady
AED 2,500,000AED 1,059 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 25 March 2017.

Key facts

Type
3-bed villa
Size
2,359 sqft
Developer
Emaar
Completed
2004
Service charge
AED 5,000 /yr
Last sold
AED 1.5M · June 2016
Community
The Springs 7

About S02/TH15, The Springs 7

S02/TH15 is a three-bedroom villa of 2,359 sqft in The Springs 7, a villa community in The Springs completed in 2004 by Emaar. It last sold on 15 June 2016 for AED 1,500,000, or AED 635 per sqft, 41% below the AED 1,085 three-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 25 March 2017, is AED 155,000 a year: a gross yield of 10.3% on the 2016 price, before the service charge of about AED 5,000 a year.

Sales and rents for S02/TH15 over time

Sales
Villa S02/TH15, 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, May 2008: AED 634,888 (AED 269 per sqft)Sold, May 2008: AED 2,400,000 (AED 1,017 per sqft)Sold, January 2009: AED 2,500,000 (AED 1,059 per sqft)Sold, June 2016: AED 1,500,000 (AED 635 per sqft)Sold, June 2016: AED 1,200,000 (AED 508 per sqft)

S02/TH15 has sold 5 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa S02/TH15, 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, February 2013: AED 115,000 a yearNew contract, February 2014: AED 115,000 a yearNew contract, March 2015: AED 155,000 a yearRenewal, March 2016: AED 155,000 a yearNew contract, March 2017: AED 155,000 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/TH15 sits

All 128 3-beds →

S02/TH15 last sold in June 2016 at AED 635 per sqft, 41% below what three-beds in The Springs 7 were fetching at the time (AED 1,085). 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/TH15's AED 155,000 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. 11 sold in the last 12 months.

Typical price per sqft
AED 2,133 Up 9.5%
Typical sale
AED 4.94M
Typical rent
AED 170K /yr
Typical yield
4.5%
The Springs 7, The Springs: prices, sales and rents →

S02/TH15, The Springs 7 in numbers

  • Sold 5 times: first on 29 May 2008 for AED 2,400,000, last on 15 June 2016 for AED 1,500,000 (AED 635 per sqft).
  • Rented since February 2013 on 5 Ejari contracts, from AED 115,000 to AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2016 price is 10.3%, 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 2,133 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 25 March 2017.

Questions about S02/TH15, The Springs 7

What did villa S02/TH15 last sell for?

AED 1,500,000 on 15 June 2016: AED 635 per sqft for 2,359 sqft. The villa has 5 registered sales; the first was AED 2,400,000 in May 2008.

What is the rent for villa S02/TH15?

AED 155,000 a year on the contract signed on 25 March 2017. The previous contract, from March 2016, was AED 155,000; the villa has been rented since February 2013.

How big is villa S02/TH15?

2,359 sqft (219.2 sqm): a three-bedroom villa in The Springs 7, completed in 2004.

What is villa S02/TH15 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/TH15, The Springs 7

Starts from the last sale price (AED 1.5M, 15 June 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,500,000
Deposit, UAE resident (20%)
AED 300,000
Deposit, non-resident (40%)
AED 600,000
Monthly over 25 years at 3.7%
AED 6,137

Plus AED 68,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →