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Studio · 665 sqftSpring Tower, Dubai Silicon Oasis · 1st floor

118, Spring Tower

Sold prices and rental history: sold twice, last in July 2018, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 118 · DLD and Ejari recordsUpdated 4 April 2025
Last soldAED 450K10 July 2018
Current rentAED 50K /yr4 April 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 118, Spring Tower

What is 118 worth today?

Last sold for AED 450,000 in 2018

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4 Apr 2025RentedNew contract
AED 50,000/yr12 months · AED 75 per sqft
1 Mar 2024RentedRenewal
AED 33,075/yr12 months · AED 50 per sqft
1 Mar 2023RentedRenewal
AED 31,500/yr12 months · AED 47 per sqft
1 Mar 2020RentedNew contract
AED 32,000/yr12 months · AED 48 per sqft
18 Dec 2018RentedNew contract
AED 38,000/yr12 months · AED 57 per sqft
10 Jul 2018SoldReady
AED 450,000AED 676 per sqft
25 Nov 2016RentedNew contract
AED 35,280/yr12 months · AED 53 per sqft
27 Jun 2016Sold by developerReady
AED 832,084AED 1,250 per sqft

Source: Dubai Land Department. Updated 4 April 2025.

Key facts

Type
Studio apartment
Size
665 sqft
Floor
1st of 25
Parking
P1 39
Service charge
AED 10,300 /yr
Last sold
AED 450K · July 2018
Building
Spring Tower

About 118, Spring Tower

118 is a studio of 665 sqft on the 1st floor of Spring Tower, a 25-storey tower in Dubai Silicon Oasis. It last sold on 10 July 2018 for AED 450,000, or AED 676 per sqft, 17% below the AED 815 studios in the building were fetching at the time.

It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, signed on 4 April 2025, is AED 50,000 a year: a gross yield of 11.1% on the 2018 price, before the service charge of about AED 10,300 a year.

Sales and rents for 118 over time

Sales
Unit 118, each saleTypical studio in Spring Tower
500K20102014201820222026Typical sale price by year: 2010 AED 567,040; 2011 AED 514,342; 2012 AED 429,397; 2013 AED 343,267; 2014 AED 495,000; 2015 AED 517,500; 2016 AED 555,232; 2017 AED 460,000; 2018 AED 406,965; 2019 AED 324,000; 2020 AED 285,000; 2021 AED 280,000; 2022 AED 350,000; 2023 AED 345,000; 2024 AED 371,000; 2025 AED 462,500Sold by developer, June 2016: AED 832,084 (AED 1,250 per sqft)Sold, July 2018: AED 450,000 (AED 676 per sqft)

118 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 118, each contractTypical studio in Spring Tower
40K20112015201920232027Typical rent by year: 2011 AED 30,000; 2012 AED 28,000; 2013 AED 30,000; 2014 AED 35,700; 2015 AED 45,000; 2016 AED 49,943; 2017 AED 45,000; 2018 AED 40,000; 2019 AED 33,000; 2020 AED 28,000; 2021 AED 25,000; 2022 AED 29,000; 2023 AED 32,550; 2024 AED 36,000; 2025 AED 42,000; 2026 AED 42,000New contract, November 2016: AED 35,280 a yearNew contract, December 2018: AED 38,000 a yearNew contract, March 2020: AED 32,000 a yearRenewal, March 2023: AED 31,500 a yearRenewal, March 2024: AED 33,075 a yearNew contract, April 2025: AED 50,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Spring Tower, and where 118 sits

All 133 studios →

118 last sold in July 2018 at AED 676 per sqft, 17% below what studios in Spring Tower were fetching at the time (AED 815). 118's AED 50,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
29 Jul 2025430,000
21 Jul 2025499,999
30 Jun 2025380,000
24 Jun 2025515,000
0 studio sales in the last 12 months

Spring Tower

Building

413 apartments, studios to 4-bed over 25 floors in Dubai Silicon Oasis. 12 sold in the last 12 months.

Typical price per sqft
AED 867 Up 4.2%
Typical sale
AED 775K
Typical rent
AED 59K /yr
Typical yield
8.1%
Spring Tower, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 1st floor

All 413 units in Spring Tower
Value
101AED 700K · Oct 2025
1022-bedAED 771K · Aug 2013
105StudioAED 450K · Aug 2020
106StudioAED 570K · Jun 2015
107StudioAED 768K · Jul 2016
1081-bedAED 543K · Jun 2013
110StudioAED 300K · Oct 2020
1–7 of 24

118, Spring Tower in numbers

  • Sold twice: first on 27 June 2016 for AED 832,084, last on 10 July 2018 for AED 450,000 (AED 676 per sqft).
  • Rented since November 2016 on 6 Ejari contracts. The rent fell from AED 35,280 to AED 31,500 in 2023 and recovered to AED 50,000 by April 2025.
  • At AED 50,000 a year the gross yield on the 2018 price is 11.1%, before a service charge of about AED 10,300 a year (AED 15.45 per sqft).

Source: Dubai Land Department. Updated 4 April 2025.

Questions about 118, Spring Tower

What did unit 118 last sell for?

AED 450,000 on 10 July 2018: AED 676 per sqft for 665 sqft. The unit has 2 registered sales; the first was AED 832,084 in June 2016.

What is the rent for unit 118?

AED 50,000 a year on the contract signed on 4 April 2025. The previous contract, from March 2024, was AED 33,075; the unit has been rented since November 2016.

How big is unit 118?

665 sqft (61.8 sqm): a studio on the 1st floor of a 25-storey tower.

What is unit 118 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 118, Spring Tower

Starts from the last sale price (AED 450K, 10 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 450,000
Deposit, UAE resident (20%)
AED 90,000
Deposit, non-resident (40%)
AED 180,000
Monthly over 25 years at 3.7%
AED 1,841

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →