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2-bed · 1,638 sqftThe Springs 8, The Springs · completed 2005

S08/TH23, The Springs 8

Sold prices and rental history: sold once, by the developer in May 2011, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa S08/TH23 · DLD and Ejari recordsUpdated 1 October 2024
Last soldAED 1.8M22 May 2011
Current rentAED 140K /yr1 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for S08/TH23, The Springs 8

What is S08/TH23 worth today?

Last sold for AED 1,800,000 in 2011

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1 Oct 2024RentedNew contract
AED 140,000/yr12 months · AED 85 per sqft
4 Oct 2022RentedRenewal
AED 94,500/yr12 months · AED 58 per sqft
4 Oct 2020RentedRenewal
AED 86,000/yr12 months · AED 53 per sqft
4 Oct 2019RentedNew contract
AED 86,000/yr12 months · AED 53 per sqft
21 Jul 2018RentedNew contract
AED 110,000/yr12 months · AED 67 per sqft
1 Dec 2017RentedRenewal
AED 160,000/yr12 months · AED 98 per sqft
1 Dec 2016RentedRenewal
AED 160,000/yr12 months · AED 98 per sqft
1 Dec 2015RentedNew contract
AED 160,000/yr12 months · AED 98 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 October 2024.

Key facts

Type
2-bed villa
Size
1,638 sqft
Developer
Emaar
Completed
2005
Service charge
AED 3,500 /yr
Last sold
AED 1.8M · May 2011
Community
The Springs 8

About S08/TH23, The Springs 8

S08/TH23 is a two-bedroom villa of 1,638 sqft in The Springs 8, a villa community in The Springs completed in 2005 by Emaar. The developer sold it on 22 May 2011 for AED 1,800,000, or AED 1,099 per sqft, 155% above the AED 431 two-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, signed on 1 October 2024, is AED 140,000 a year: a gross yield of 7.8% on the 2011 price, before the service charge of about AED 3,500 a year.

Sales and rents for S08/TH23 over time

Sales
Villa S08/TH23, each saleTypical two-bed in The Springs 8
02M20072012201720222027Typical sale price by year: 2007 AED 472,388; 2008 AED 1,200,000; 2009 AED 911,400; 2010 AED 489,888; 2011 AED 850,000; 2012 AED 1,375,000; 2013 AED 1,767,500; 2014 AED 2,100,000; 2015 AED 1,750,000; 2016 AED 1,837,500; 2017 AED 1,722,500; 2018 AED 1,630,000; 2019 AED 1,050,000; 2020 AED 1,100,000; 2021 AED 1,632,500; 2022 AED 1,800,000; 2023 AED 2,175,000; 2024 AED 2,925,000; 2025 AED 3,225,000; 2026 AED 3,450,000Sold by developer, May 2011: AED 1,800,000 (AED 1,099 per sqft)

S08/TH23 has sold once; the dashed line is the two-bed median of each year in the community.

Rents
Villa S08/TH23, each contractTypical two-bed in The Springs 8
100K150K2012201620202024Typical rent by year: 2012 AED 88,500; 2013 AED 100,000; 2014 AED 127,000; 2015 AED 128,750; 2016 AED 129,000; 2017 AED 120,000; 2018 AED 110,000; 2019 AED 95,000; 2020 AED 82,500; 2021 AED 86,308; 2022 AED 97,300; 2023 AED 110,000; 2024 AED 140,000; 2025 AED 150,000; 2026 AED 160,000New contract, December 2013: AED 143,000 a yearNew contract, December 2014: AED 160,000 a yearNew contract, December 2015: AED 160,000 a yearRenewal, December 2016: AED 160,000 a yearRenewal, December 2017: AED 160,000 a yearNew contract, July 2018: AED 110,000 a yearNew contract, October 2019: AED 86,000 a yearRenewal, October 2020: AED 86,000 a yearRenewal, October 2022: AED 94,500 a yearNew contract, October 2024: AED 140,000 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 8, and where S08/TH23 sits

All 98 2-beds →

S08/TH23 last sold in May 2011 at AED 1,099 per sqft, 155% above what two-beds in The Springs 8 were fetching at the time (AED 431). Over the last 12 months two-beds sold for AED 2,775,000 to 4,225,000, around AED 1,998 per sqft, and rent for AED 109,345 to 240,000 a year. S08/TH23's AED 140,000 is in the lower half of that range.

Recent 2-bed salesVilla no.Price (AED)Summary
13 Feb 20263,450,000
9 Jan 20264,090,000
2 Jan 20263,250,000
16 Dec 20252,775,000
6 2-bed sales in the last 12 months

The Springs 8

Community

300 villas, 2-bed to 4-bed in The Springs, completed in 2005 by Emaar. 9 sold in the last 12 months.

Typical price per sqft
AED 2,095
Typical sale
AED 4.09M
Typical rent
AED 160K /yr
Typical yield
4.3%
The Springs 8, The Springs: prices, sales and rents →

S08/TH23, The Springs 8 in numbers

  • Sold once: by Emaar on 22 May 2011 for AED 1,800,000, or AED 1,099 per sqft.
  • Rented since December 2013 on 10 Ejari contracts. The rent fell from AED 143,000 to AED 86,000 in 2020 and recovered to AED 140,000 by October 2024.
  • At AED 140,000 a year the gross yield on the 2011 price is 7.8%, before a service charge of about AED 3,500 a year (AED 2.13 per sqft).
  • Two-beds in The Springs 8 sold for AED 2,775,000–4,225,000 in the 12 months to November 2026; the community's median across all types is AED 2,095 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 1 October 2024.

Questions about S08/TH23, The Springs 8

What did villa S08/TH23 last sell for?

AED 1,800,000 on 22 May 2011, sold by the developer: AED 1,099 per sqft for 1,638 sqft. It is the only registered sale of the villa.

What is the rent for villa S08/TH23?

AED 140,000 a year on the contract signed on 1 October 2024. The previous contract, from October 2022, was AED 94,500; the villa has been rented since December 2013.

How big is villa S08/TH23?

1,638 sqft (152.2 sqm): a two-bedroom villa in The Springs 8, completed in 2005.

What is villa S08/TH23 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 8 sold for AED 2,775,000 to 4,225,000 in the last 12 months, around AED 1,998 per sqft.

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Mortgage on S08/TH23, The Springs 8

Starts from the last sale price (AED 1.8M, 22 May 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,800,000
Deposit, UAE resident (20%)
AED 360,000
Deposit, non-resident (40%)
AED 720,000
Monthly over 25 years at 3.7%
AED 7,364

Plus AED 80,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →