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Studio · 516 sqftSpring Tower, Dubai Silicon Oasis · 15th floor

1503, Spring Tower

Sold prices and rental history: sold twice, last in September 2014, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1503 · DLD and Ejari recordsUpdated 1 April 2022
Last soldAED 550K3 September 2014
Current rentAED 27K /yr1 April 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1503, Spring Tower

What is 1503 worth today?

Last sold for AED 550,000 in 2014

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1 Apr 2022RentedRenewal
AED 27,000/yr12 months · AED 52 per sqft
16 Jan 2019RentedNew contract
AED 37,000/yr12 months · AED 72 per sqft
10 Jul 2018RentedNew contract
AED 42,000/yr12 months · AED 81 per sqft
1 Dec 2016RentedNew contract
AED 50,000/yr12 months · AED 97 per sqft
3 Sep 2014SoldReady
AED 550,000AED 1,066 per sqft
5 Aug 2013Sold by developerReady
AED 348,165AED 674 per sqft

Source: Dubai Land Department. Updated 1 April 2022.

Key facts

Type
Studio apartment
Size
516 sqft
Floor
15th of 25
Parking
P3 94
Service charge
AED 8,000 /yr
Last sold
AED 550K · September 2014
Building
Spring Tower

About 1503, Spring Tower

1503 is a studio of 516 sqft on the 15th floor of Spring Tower, a 25-storey tower in Dubai Silicon Oasis. It last sold on 3 September 2014 for AED 550,000, or AED 1,066 per sqft, 65% above the AED 645 studios in the building were fetching at the time.

It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, renewed on 1 April 2022, is AED 27,000 a year: a gross yield of 4.9% on the 2014 price, before the service charge of about AED 8,000 a year.

Sales and rents for 1503 over time

Sales
Unit 1503, 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 2013: AED 348,165 (AED 674 per sqft)Sold, September 2014: AED 550,000 (AED 1,066 per sqft)

1503 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1503, 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, December 2016: AED 50,000 a yearNew contract, July 2018: AED 42,000 a yearNew contract, January 2019: AED 37,000 a yearRenewal, April 2022: AED 27,000 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 1503 sits

All 133 studios →

1503 last sold in September 2014 at AED 1,066 per sqft, 65% above what studios in Spring Tower were fetching at the time (AED 645). 1503's AED 27,000 is at the bottom 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 15th floor

All 413 units in Spring Tower
Value
15012-bedAED 1.59M · May 2011
1502AED 1.34M · Nov 2025
15042-bedAED 641K · Jun 2013
15051-bedAED 490K · Jun 2018
15061-bedAED 473K · Jun 2013
15081-bedAED 550K · Nov 2023
15091-bedAED 904K · Apr 2011
1–7 of 14

1503, Spring Tower in numbers

  • Sold twice: first on 5 August 2013 for AED 348,165, last on 3 September 2014 for AED 550,000 (AED 1,066 per sqft).
  • Rented since December 2016 on 4 Ejari contracts, from AED 50,000 to AED 27,000 a year.
  • At AED 27,000 a year the gross yield on the 2014 price is 4.9%, before a service charge of about AED 8,000 a year (AED 15.45 per sqft).

Source: Dubai Land Department. Updated 1 April 2022.

Questions about 1503, Spring Tower

What did unit 1503 last sell for?

AED 550,000 on 3 September 2014: AED 1,066 per sqft for 516 sqft. The unit has 2 registered sales; the first was AED 348,165 in August 2013.

What is the rent for unit 1503?

AED 27,000 a year on the contract renewed on 1 April 2022. The previous contract, from January 2019, was AED 37,000; the unit has been rented since December 2016.

How big is unit 1503?

516 sqft (47.9 sqm): a studio on the 15th floor of a 25-storey tower.

What is unit 1503 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 1503, Spring Tower

Starts from the last sale price (AED 550K, 3 September 2014). Switch to today's estimate once you have unlocked it.
Price
AED 550,000
Deposit, UAE resident (20%)
AED 110,000
Deposit, non-resident (40%)
AED 220,000
Monthly over 25 years at 3.7%
AED 2,250

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