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1-bed · 845 sqftSpring Tower, Dubai Silicon Oasis · 2nd floor

216, Spring Tower

Sold prices and rental history: sold twice, last in March 2023, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 216 · DLD and Ejari recordsUpdated 10 April 2023
Last soldAED 470K2 March 2023
Current rentAED 48K /yr10 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 216, Spring Tower

What is 216 worth today?

Last sold for AED 470,000 in 2023

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10 Apr 2023RentedNew contract
AED 48,000/yr12 months · AED 57 per sqft
2 Mar 2023SoldReady
AED 470,000AED 556 per sqft
1 Dec 2020RentedRenewal
AED 40,000/yr24 months · AED 48 per sqft
1 Dec 2017RentedRenewal
AED 48,000/yr36 months · AED 57 per sqft
9 Nov 2010Sold by developerReady
AED 889,459AED 1,053 per sqft

Source: Dubai Land Department. Updated 10 April 2023.

Key facts

Type
1-bed apartment
Size
845 sqft
Floor
2nd of 25
Parking
P2 40
Service charge
AED 13,000 /yr
Last sold
AED 470K · March 2023
Building
Spring Tower

About 216, Spring Tower

216 is a one-bedroom apartment of 845 sqft on the 2nd floor of Spring Tower, a 25-storey tower in Dubai Silicon Oasis. It last sold on 2 March 2023 for AED 470,000, or AED 556 per sqft, 4% below the AED 581 one-beds in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, signed on 10 April 2023, is AED 48,000 a year: a gross yield of 10.2% on the 2023 price, before the service charge of about AED 13,000 a year.

Sales and rents for 216 over time

Sales
Unit 216, each saleTypical one-bed in Spring Tower
500K750K1M2010201520202025Typical sale price by year: 2010 AED 938,478; 2011 AED 916,474; 2012 AED 413,945; 2013 AED 565,095; 2014 AED 758,147; 2015 AED 820,000; 2016 AED 820,633; 2017 AED 650,000; 2018 AED 655,000; 2019 AED 610,000; 2020 AED 395,000; 2021 AED 400,000; 2022 AED 440,000; 2023 AED 525,000; 2024 AED 580,000; 2025 AED 750,000; 2026 AED 712,500Sold by developer, November 2010: AED 889,459 (AED 1,053 per sqft)Sold, March 2023: AED 470,000 (AED 556 per sqft)

216 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 216, each contractTypical one-bed in Spring Tower
40K60K20112015201920232027Typical rent by year: 2011 AED 42,000; 2012 AED 41,000; 2013 AED 43,525; 2014 AED 51,000; 2015 AED 62,950; 2016 AED 65,000; 2017 AED 60,000; 2018 AED 54,000; 2019 AED 48,000; 2020 AED 40,000; 2021 AED 36,000; 2022 AED 39,300; 2023 AED 43,000; 2024 AED 45,703; 2025 AED 50,000; 2026 AED 62,000Renewal, December 2017: AED 48,000 a yearRenewal, December 2020: AED 40,000 a yearNew contract, April 2023: AED 48,000 a year

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

1-beds in Spring Tower, and where 216 sits

All 163 1-beds →

216 last sold in March 2023 at AED 556 per sqft, 4% below what one-beds in Spring Tower were fetching at the time (AED 581). Over the last 12 months one-beds sold for AED 710,000 to 780,000, around AED 885 per sqft, and rent for AED 42,400 to 75,000 a year. 216's AED 48,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
9 Feb 2026755,000
5 Feb 2026710,000
30 Jan 2026715,000
27 Jan 2026710,000
8 1-bed 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 2nd floor

All 413 units in Spring Tower
Value
2011-bedAED 875K · May 2015
2022-bedAED 1.51M · Jul 2013
203StudioAED 525K · Apr 2014
204StudioAED 450K · Dec 2016
205StudioAED 400K · May 2025
206StudioAED 490K · Jun 2025
209StudioAED 435K · Nov 2024
1–7 of 23

216, Spring Tower in numbers

  • Sold twice: first on 9 November 2010 for AED 889,459, last on 2 March 2023 for AED 470,000 (AED 556 per sqft).
  • Rented since December 2017 on 3 Ejari contracts. The rent fell from AED 48,000 to AED 40,000 in 2020 and recovered to AED 48,000 by April 2023.
  • At AED 48,000 a year the gross yield on the 2023 price is 10.2%, before a service charge of about AED 13,000 a year (AED 15.45 per sqft).
  • One-beds in Spring Tower sold for AED 710,000–780,000 in the 12 months to November 2026; the building's median across all types is AED 867 per sqft.

Source: Dubai Land Department. Updated 10 April 2023.

Questions about 216, Spring Tower

What did unit 216 last sell for?

AED 470,000 on 2 March 2023: AED 556 per sqft for 845 sqft. The unit has 2 registered sales; the first was AED 889,459 in November 2010.

What is the rent for unit 216?

AED 48,000 a year on the contract signed on 10 April 2023. The previous contract, from December 2020, was AED 40,000; the unit has been rented since December 2017.

How big is unit 216?

845 sqft (78.5 sqm): a one-bedroom apartment on the 2nd floor of a 25-storey tower.

What is unit 216 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Spring Tower sold for AED 710,000 to 780,000 in the last 12 months, around AED 885 per sqft.

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Mortgage on 216, Spring Tower

Starts from the last sale price (AED 470K, 2 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 470,000
Deposit, UAE resident (20%)
AED 94,000
Deposit, non-resident (40%)
AED 188,000
Monthly over 25 years at 3.7%
AED 1,923

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