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3-bed · 2,204 sqftThe Springs 7, The Springs · completed 2004

S03/TH08, The Springs 7

Sold prices and rental history: sold once, by the developer in October 2019, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S03/TH08 · DLD and Ejari recordsUpdated 14 October 2019
Last soldAED 1.85M14 October 2019
Current rentAED 145K /yr1 January 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S03/TH08, The Springs 7

What is S03/TH08 worth today?

Last sold for AED 1,850,000 in 2019

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14 Oct 2019Sold by developerReady
AED 1,850,000AED 839 per sqft
1 Jan 2018RentedRenewal
AED 145,000/yr6 months · AED 66 per sqft
1 Jan 2017RentedNew contract
AED 155,000/yr12 months · AED 70 per sqft
1 May 2014RentedNew contract
AED 180,000/yr12 months · AED 82 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 14 October 2019.

Key facts

Type
3-bed villa
Size
2,204 sqft
Developer
Emaar
Completed
2004
Service charge
AED 4,700 /yr
Last sold
AED 1.85M · October 2019
Community
The Springs 7

About S03/TH08, The Springs 7

S03/TH08 is a three-bedroom villa of 2,204 sqft in The Springs 7, a villa community in The Springs completed in 2004 by Emaar. The developer sold it on 14 October 2019 for AED 1,850,000, or AED 839 per sqft, 6% above the AED 794 three-beds in the community were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, renewed on 1 January 2018, is AED 145,000 a year: a gross yield of 7.8% on the 2019 price, before the service charge of about AED 4,700 a year.

Sales and rents for S03/TH08 over time

Sales
Villa S03/TH08, 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, October 2019: AED 1,850,000 (AED 839 per sqft)

S03/TH08 has sold once; the dashed line is the three-bed median of each year in the community.

Rents
Villa S03/TH08, 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, May 2014: AED 180,000 a yearNew contract, January 2017: AED 155,000 a yearRenewal, January 2018: AED 145,000 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 S03/TH08 sits

All 128 3-beds →

S03/TH08 last sold in October 2019 at AED 839 per sqft, 6% above what three-beds in The Springs 7 were fetching at the time (AED 794). 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. S03/TH08's AED 145,000 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 →

S03/TH08, The Springs 7 in numbers

  • Sold once: by Emaar on 14 October 2019 for AED 1,850,000, or AED 839 per sqft.
  • Rented since May 2014 on 3 Ejari contracts, from AED 180,000 to AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2019 price is 7.8%, before a service charge of about AED 4,700 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 14 October 2019.

Questions about S03/TH08, The Springs 7

What did villa S03/TH08 last sell for?

AED 1,850,000 on 14 October 2019, sold by the developer: AED 839 per sqft for 2,204 sqft. It is the only registered sale of the villa.

What is the rent for villa S03/TH08?

AED 145,000 a year on the contract renewed on 1 January 2018. The previous contract, from January 2017, was AED 155,000; the villa has been rented since May 2014.

How big is villa S03/TH08?

2,204 sqft (204.8 sqm): a three-bedroom villa in The Springs 7, completed in 2004.

What is villa S03/TH08 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 S03/TH08, The Springs 7

Starts from the last sale price (AED 1.85M, 14 October 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,850,000
Deposit, UAE resident (20%)
AED 370,000
Deposit, non-resident (40%)
AED 740,000
Monthly over 25 years at 3.7%
AED 7,569

Plus AED 82,710 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →