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1-bed · 863 sqftSpring Tower, Dubai Silicon Oasis · 3rd floor

318, Spring Tower

Sold prices and rental history: sold twice, last in June 2016, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 318 · DLD and Ejari recordsUpdated 20 June 2021
Last soldAED 621K5 June 2016
Current rentAED 45K /yr20 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 318, Spring Tower

What is 318 worth today?

Last sold for AED 621,050 in 2016

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20 Jun 2021RentedNew contract
AED 45,000/yr12 months · AED 52 per sqft
12 Feb 2019RentedNew contract
AED 50,000/yr12 months · AED 58 per sqft
5 Jun 2016SoldReady
AED 621,050AED 719 per sqft
19 May 2016Sold by developerReady
AED 1,035,084AED 1,199 per sqft
20 Aug 2015RentedNew contract
AED 70,000/yr12 months · AED 81 per sqft
25 Jul 2014RentedRenewal
AED 46,000/yr12 months · AED 53 per sqft
25 Jul 2013RentedNew contract
AED 42,000/yr12 months · AED 49 per sqft

Source: Dubai Land Department. Updated 20 June 2021.

Key facts

Type
1-bed apartment
Size
863 sqft
Floor
3rd of 25
Parking
P3 86
Service charge
AED 13,300 /yr
Last sold
AED 621K · June 2016
Building
Spring Tower

About 318, Spring Tower

318 is a one-bedroom apartment of 863 sqft on the 3rd floor of Spring Tower, a 25-storey tower in Dubai Silicon Oasis. It last sold on 5 June 2016 for AED 621,050, or AED 719 per sqft, 31% below the AED 1,043 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 20 June 2021, is AED 45,000 a year: a gross yield of 7.2% on the 2016 price, before the service charge of about AED 13,300 a year.

Sales and rents for 318 over time

Sales
Unit 318, each saleTypical one-bed in Spring Tower
500K1M2010201520202025Typical 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, May 2016: AED 1,035,084 (AED 1,199 per sqft)Sold, June 2016: AED 621,050 (AED 719 per sqft)

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

Rents
Unit 318, 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 62,000New contract, July 2013: AED 42,000 a yearRenewal, July 2014: AED 46,000 a yearNew contract, August 2015: AED 70,000 a yearNew contract, February 2019: AED 50,000 a yearNew contract, June 2021: AED 45,000 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 318 sits

All 163 1-beds →

318 last sold in June 2016 at AED 719 per sqft, 31% below what one-beds in Spring Tower were fetching at the time (AED 1,043). 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. 318's AED 45,000 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 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

318, Spring Tower in numbers

  • Sold twice: first on 19 May 2016 for AED 1,035,084, last on 5 June 2016 for AED 621,050 (AED 719 per sqft).
  • Rented since July 2013 on 5 Ejari contracts, from AED 42,000 to AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2016 price is 7.2%, before a service charge of about AED 13,300 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 20 June 2021.

Questions about 318, Spring Tower

What did unit 318 last sell for?

AED 621,050 on 5 June 2016: AED 719 per sqft for 863 sqft. The unit has 2 registered sales; the first was AED 1,035,084 in May 2016.

What is the rent for unit 318?

AED 45,000 a year on the contract signed on 20 June 2021. The previous contract, from February 2019, was AED 50,000; the unit has been rented since July 2013.

How big is unit 318?

863 sqft (80.2 sqm): a one-bedroom apartment on the 3rd floor of a 25-storey tower.

What is unit 318 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 318, Spring Tower

Starts from the last sale price (AED 621K, 5 June 2016). Switch to today's estimate once you have unlocked it.
Price
AED 621,050
Deposit, UAE resident (20%)
AED 124,210
Deposit, non-resident (40%)
AED 248,420
Monthly over 25 years at 3.7%
AED 2,541

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