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3-bed · 2,343 sqftThe Springs 7, The Springs · completed 2004

S02/TH40, The Springs 7

Sold prices and rental history: sold once, by the developer in November 2008, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S02/TH40 · DLD and Ejari recordsUpdated 9 May 2024
Last soldAED 635K27 November 2008
Current rentAED 152K /yr9 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S02/TH40, The Springs 7

What is S02/TH40 worth today?

Last sold for AED 634,888 in 2008

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9 May 2024RentedRenewal
AED 151,800/yr12 months · AED 65 per sqft
9 May 2023RentedRenewal
AED 132,000/yr12 months · AED 56 per sqft
9 May 2021RentedNew contract
AED 120,000/yr12 months · AED 51 per sqft
10 Mar 2021RentedRenewal
AED 125,010/yr2 months · AED 53 per sqft
10 Mar 2019RentedRenewal
AED 140,000/yr12 months · AED 60 per sqft
24 Nov 2014RentedRenewal
AED 165,000/yr12 months · AED 70 per sqft
24 Nov 2013RentedNew contract
AED 150,000/yr12 months · AED 64 per sqft
27 Nov 2008Sold by developerReady
AED 634,888AED 270 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 9 May 2024.

Key facts

Type
3-bed villa
Size
2,343 sqft
Developer
Emaar
Completed
2004
Service charge
AED 5,000 /yr
Last sold
AED 635K · November 2008
Community
The Springs 7

About S02/TH40, The Springs 7

S02/TH40 is a three-bedroom villa of 2,343 sqft in The Springs 7, a villa community in The Springs completed in 2004 by Emaar. The developer sold it on 27 November 2008 for AED 634,888, or AED 270 per sqft, 29% below the AED 381 three-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 9 May 2024, is AED 151,800 a year: a gross yield of 23.9% on the 2008 price, before the service charge of about AED 5,000 a year.

Sales and rents for S02/TH40 over time

Sales
Villa S02/TH40, 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, November 2008: AED 634,888 (AED 270 per sqft)

S02/TH40 has sold once; the dashed line is the three-bed median of each year in the community.

Rents
Villa S02/TH40, 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, November 2013: AED 150,000 a yearRenewal, November 2014: AED 165,000 a yearRenewal, March 2019: AED 140,000 a yearRenewal, March 2021: AED 125,010 a yearNew contract, May 2021: AED 120,000 a yearRenewal, May 2023: AED 132,000 a yearRenewal, May 2024: AED 151,800 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/TH40 sits

All 128 3-beds →

S02/TH40 last sold in November 2008 at AED 270 per sqft, 29% below what three-beds in The Springs 7 were fetching at the time (AED 381). 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/TH40's AED 151,800 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/TH40, The Springs 7 in numbers

  • Sold once: by Emaar on 27 November 2008 for AED 634,888, or AED 270 per sqft.
  • Rented since November 2013 on 7 Ejari contracts. The rent fell from AED 150,000 to AED 120,000 in 2021 and recovered to AED 151,800 by May 2024.
  • At AED 151,800 a year the gross yield on the 2008 price is 23.9%, 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 9 May 2024.

Questions about S02/TH40, The Springs 7

What did villa S02/TH40 last sell for?

AED 634,888 on 27 November 2008, sold by the developer: AED 270 per sqft for 2,343 sqft. It is the only registered sale of the villa.

What is the rent for villa S02/TH40?

AED 151,800 a year on the contract renewed on 9 May 2024. The previous contract, from May 2023, was AED 132,000; the villa has been rented since November 2013.

How big is villa S02/TH40?

2,343 sqft (217.7 sqm): a three-bedroom villa in The Springs 7, completed in 2004.

What is villa S02/TH40 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/TH40, The Springs 7

Starts from the last sale price (AED 635K, 27 November 2008). Switch to today's estimate once you have unlocked it.
Price
AED 634,888
Deposit, UAE resident (20%)
AED 126,978
Deposit, non-resident (40%)
AED 253,955
Monthly over 25 years at 3.7%
AED 2,598

Plus AED 31,676 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →