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Studio · 650 sqftSpring Tower, Dubai Silicon Oasis · 1st floor

123, Spring Tower

Sold prices and rental history: sold twice, last in March 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 123 · DLD and Ejari recordsUpdated 5 March 2025
Last soldAED 361K22 March 2022
Current rentAED 42K /yr5 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 123, Spring Tower

What is 123 worth today?

Last sold for AED 360,500 in 2022

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5 Mar 2025RentedRenewal
AED 42,000/yr12 months · AED 65 per sqft
5 Mar 2024RentedNew contract
AED 40,000/yr12 months · AED 62 per sqft
1 Apr 2023RentedRenewal
AED 32,000/yr12 months · AED 50 per sqft
1 Apr 2022RentedNew contract
AED 32,000/yr12 months · AED 50 per sqft
22 Mar 2022SoldReady
AED 360,500AED 555 per sqft
25 Feb 2020RentedNew contract
AED 36,000/yr12 months · AED 56 per sqft
1 Jul 2019RentedNew contract
AED 36,000/yr12 months · AED 56 per sqft
1 Jun 2013RentedNew contract
AED 32,000/yr12 months · AED 50 per sqft

Source: Dubai Land Department. Updated 5 March 2025.

Key facts

Type
Studio apartment
Size
650 sqft
Floor
1st of 25
Parking
P1 44
Service charge
AED 10,000 /yr
Last sold
AED 361K · March 2022
Building
Spring Tower

About 123, Spring Tower

123 is a studio of 650 sqft on the 1st floor of Spring Tower, a 25-storey tower in Dubai Silicon Oasis. It last sold on 22 March 2022 for AED 360,500, or AED 555 per sqft, in line with the AED 556 studios in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 5 March 2025, is AED 42,000 a year: a gross yield of 11.7% on the 2022 price, before the service charge of about AED 10,000 a year.

Sales and rents for 123 over time

Sales
Unit 123, each saleTypical studio in Spring Tower
400K600K20102014201820222026Typical 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, August 2010: AED 681,964 (AED 1,049 per sqft)Sold, March 2022: AED 360,500 (AED 555 per sqft)

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

Rents
Unit 123, 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, June 2013: AED 32,000 a yearNew contract, July 2019: AED 36,000 a yearNew contract, February 2020: AED 36,000 a yearNew contract, April 2022: AED 32,000 a yearRenewal, April 2023: AED 32,000 a yearNew contract, March 2024: AED 40,000 a yearRenewal, March 2025: AED 42,000 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 123 sits

All 133 studios →

123 last sold in March 2022 at AED 555 per sqft, in line with what studios in Spring Tower were fetching at the time (AED 556). 123's AED 42,000 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

123, Spring Tower in numbers

  • Sold twice: first on 22 August 2010 for AED 681,964, last on 22 March 2022 for AED 360,500 (AED 555 per sqft).
  • Rented since June 2013 on 7 Ejari contracts, from AED 32,000 to AED 42,000 a year.
  • At AED 42,000 a year the gross yield on the 2022 price is 11.7%, before a service charge of about AED 10,000 a year (AED 15.45 per sqft).

Source: Dubai Land Department. Updated 5 March 2025.

Questions about 123, Spring Tower

What did unit 123 last sell for?

AED 360,500 on 22 March 2022: AED 555 per sqft for 650 sqft. The unit has 2 registered sales; the first was AED 681,964 in August 2010.

What is the rent for unit 123?

AED 42,000 a year on the contract renewed on 5 March 2025. The previous contract, from March 2024, was AED 40,000; the unit has been rented since June 2013.

How big is unit 123?

650 sqft (60.4 sqm): a studio on the 1st floor of a 25-storey tower.

What is unit 123 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 123, Spring Tower

Starts from the last sale price (AED 361K, 22 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 360,500
Deposit, UAE resident (20%)
AED 72,100
Deposit, non-resident (40%)
AED 144,200
Monthly over 25 years at 3.7%
AED 1,475

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