Studio · 516 sqftSpring Tower, Dubai Silicon Oasis · 22nd floor

2203, Spring Tower

Sold prices and rental history: sold 3 times, last in October 2022, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2203 · DLD and Ejari recordsUpdated 22 November 2024
Last soldAED 390K24 October 2022
Current rentAED 42K /yr22 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2203, Spring Tower

What is 2203 worth today?

Last sold for AED 390,000 in 2022

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22 Nov 2024RentedNew contract
AED 42,000/yr12 months · AED 81 per sqft
24 Jan 2024RentedNew contract
AED 36,000/yr12 months · AED 70 per sqft
22 Nov 2022RentedNew contract
AED 34,000/yr12 months · AED 66 per sqft
24 Oct 2022SoldReady
AED 390,000AED 756 per sqft
5 Jan 2022RentedNew contract
AED 26,000/yr12 months · AED 50 per sqft
28 Dec 2020RentedNew contract
AED 21,000/yr12 months · AED 41 per sqft
2 Mar 2018RentedNew contract
AED 42,000/yr12 months · AED 81 per sqft
16 Dec 2014SoldReady
AED 620,000AED 1,201 per sqft

Source: Dubai Land Department. Updated 22 November 2024.

Key facts

Type
Studio apartment
Size
516 sqft
Floor
22nd of 25
Parking
P4 67
Service charge
AED 8,000 /yr
Last sold
AED 390K · October 2022
Building
Spring Tower

About 2203, Spring Tower

2203 is a studio of 516 sqft on the 22nd floor of Spring Tower, a 25-storey tower in Dubai Silicon Oasis. It last sold on 24 October 2022 for AED 390,000, or AED 756 per sqft, 23% above the AED 613 studios in the building were fetching at the time.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 22 November 2024, is AED 42,000 a year: a gross yield of 10.8% on the 2022 price, before the service charge of about AED 8,000 a year.

Sales and rents for 2203 over time

Sales
Unit 2203, 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, November 2013: AED 332,691 (AED 644 per sqft)Sold, December 2014: AED 620,000 (AED 1,201 per sqft)Sold, October 2022: AED 390,000 (AED 756 per sqft)

2203 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 2203, each contractTypical studio in Spring Tower
20K40K20112015201920232027Typical 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, March 2018: AED 42,000 a yearNew contract, December 2020: AED 21,000 a yearNew contract, January 2022: AED 26,000 a yearNew contract, November 2022: AED 34,000 a yearNew contract, January 2024: AED 36,000 a yearNew contract, November 2024: 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 2203 sits

All 133 studios →

2203 last sold in October 2022 at AED 756 per sqft, 23% above what studios in Spring Tower were fetching at the time (AED 613). 2203'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 22nd floor

All 413 units in Spring Tower
Value
22012-bedAED 1.57M · May 2016
22042-bedAED 862K · Jul 2013
22051-bedAED 476K · Jul 2013
22061-bedAED 450K · Dec 2022
22081-bedAED 490K · May 2023
22091-bedAED 640K · Jun 2017
22101-bedAED 967K · Jun 2010
1–7 of 13

2203, Spring Tower in numbers

  • Sold 3 times: first on 20 November 2013 for AED 332,691, last on 24 October 2022 for AED 390,000 (AED 756 per sqft).
  • Rented since March 2018 on 6 Ejari contracts. The rent fell from AED 42,000 to AED 21,000 in 2020 and recovered to AED 42,000 by November 2024.
  • At AED 42,000 a year the gross yield on the 2022 price is 10.8%, before a service charge of about AED 8,000 a year (AED 15.45 per sqft).

Source: Dubai Land Department. Updated 22 November 2024.

Questions about 2203, Spring Tower

What did unit 2203 last sell for?

AED 390,000 on 24 October 2022: AED 756 per sqft for 516 sqft. The unit has 3 registered sales; the first was AED 332,691 in November 2013.

What is the rent for unit 2203?

AED 42,000 a year on the contract signed on 22 November 2024. The previous contract, from January 2024, was AED 36,000; the unit has been rented since March 2018.

How big is unit 2203?

516 sqft (47.9 sqm): a studio on the 22nd floor of a 25-storey tower.

What is unit 2203 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 2203, Spring Tower

Starts from the last sale price (AED 390K, 24 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 390,000
Deposit, UAE resident (20%)
AED 78,000
Deposit, non-resident (40%)
AED 156,000
Monthly over 25 years at 3.7%
AED 1,596

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