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Studio · 229 sqftSpring Tower, Dubai Silicon Oasis · 3rd floor

312, Spring Tower

Sold prices and rental history: sold 3 times, last in May 2017, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 312 · DLD and Ejari recordsUpdated 1 September 2022
Last soldAED 250K10 May 2017
Current rentAED 28K /yr1 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 312, Spring Tower

What is 312 worth today?

Last sold for AED 250,000 in 2017

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1 Sep 2022RentedRenewal
AED 27,500/yr12 months · AED 59 per sqft
1 Sep 2021RentedNew contract
AED 25,000/yr12 months · AED 54 per sqft
14 Jan 2021RentedNew contract
AED 26,000/yr12 months · AED 56 per sqft
25 May 2017RentedNew contract
AED 42,000/yr12 months · AED 91 per sqft
10 May 2017SoldReady
AED 250,000AED 1,090 per sqft
11 Aug 2016SoldReady
AED 155,000AED 676 per sqft
2 Sep 2013Sold by developerReady
AED 310,000AED 676 per sqft

Source: Dubai Land Department. Updated 1 September 2022.

Key facts

Type
Studio apartment
Size
229 sqft
Floor
3rd of 25
Parking
P3 44
Service charge
AED 3,500 /yr
Last sold
AED 250K · May 2017
Building
Spring Tower

About 312, Spring Tower

312 is a studio of 229 sqft on the 3rd floor of Spring Tower, a 25-storey tower in Dubai Silicon Oasis. It last sold on 10 May 2017 for AED 250,000, or AED 1,090 per sqft, in line with the AED 1,090 studios in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, renewed on 1 September 2022, is AED 27,500 a year: a gross yield of 11.0% on the 2017 price, before the service charge of about AED 3,500 a year.

Sales and rents for 312 over time

Sales
Unit 312, each saleTypical studio in Spring Tower
200K400K600K20102014201820222026Typical 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, September 2013: AED 310,000 (AED 676 per sqft)Sold, August 2016: AED 155,000 (AED 676 per sqft)Sold, May 2017: AED 250,000 (AED 1,090 per sqft)

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

Rents
Unit 312, 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, May 2017: AED 42,000 a yearNew contract, January 2021: AED 26,000 a yearNew contract, September 2021: AED 25,000 a yearRenewal, September 2022: AED 27,500 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 312 sits

All 133 studios →

312 last sold in May 2017 at AED 1,090 per sqft, in line with what studios in Spring Tower were fetching at the time (AED 1,090). 312's AED 27,500 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 3rd floor

All 413 units in Spring Tower
Value
3011-bedAED 425K · May 2014
3022-bedAED 1.14M · Jan 2016
303StudioAED 255K · Oct 2020
304StudioAED 480K · Aug 2024
305StudioAED 352K · Oct 2024
306StudioAED 146K · Nov 2023
307StudioAED 803K · Jun 2016
1–7 of 27

312, Spring Tower in numbers

  • Sold 3 times: first on 2 September 2013 for AED 310,000, last on 10 May 2017 for AED 250,000 (AED 1,090 per sqft).
  • Rented since May 2017 on 4 Ejari contracts, from AED 42,000 to AED 27,500 a year.
  • At AED 27,500 a year the gross yield on the 2017 price is 11.0%, before a service charge of about AED 3,500 a year (AED 15.45 per sqft).

Source: Dubai Land Department. Updated 1 September 2022.

Questions about 312, Spring Tower

What did unit 312 last sell for?

AED 250,000 on 10 May 2017: AED 1,090 per sqft for 229 sqft. The unit has 3 registered sales; the first was AED 310,000 in September 2013.

What is the rent for unit 312?

AED 27,500 a year on the contract renewed on 1 September 2022. The previous contract, from September 2021, was AED 25,000; the unit has been rented since May 2017.

How big is unit 312?

229 sqft (21.3 sqm): a studio on the 3rd floor of a 25-storey tower.

What is unit 312 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 312, Spring Tower

Starts from the last sale price (AED 250K, 10 May 2017). Switch to today's estimate once you have unlocked it.
Price
AED 250,000
Deposit, UAE resident (20%)
AED 50,000
Deposit, non-resident (40%)
AED 100,000
Monthly over 25 years at 3.7%
AED 1,023

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