Home
Dubai prices
About
Research
Studio · 463 sqftSpring Tower, Dubai Silicon Oasis · 5th floor

505, Spring Tower

Sold prices and rental history: sold once, by the developer in October 2011, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 20 March 2025
Last soldAED 492K6 October 2011
Current rentAED 43K /yr20 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 505

Property timeline for 505, Spring Tower

What is 505 worth today?

Last sold for AED 491,504 in 2011

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

20 Mar 2025RentedRenewal
AED 43,000/yr12 months · AED 93 per sqft
20 Mar 2024RentedNew contract
AED 39,000/yr12 months · AED 84 per sqft
8 Mar 2023RentedRenewal
AED 28,600/yr12 months · AED 62 per sqft
8 Mar 2021RentedNew contract
AED 23,000/yr12 months · AED 50 per sqft
17 Dec 2019RentedNew contract
AED 30,000/yr12 months · AED 65 per sqft
1 Nov 2018RentedNew contract
AED 38,000/yr12 months · AED 82 per sqft
1 Oct 2017RentedNew contract
AED 42,000/yr12 months · AED 91 per sqft
10 Jul 2013RentedNew contract
AED 34,000/yr12 months · AED 73 per sqft

Source: Dubai Land Department. Updated 20 March 2025.

Key facts

Type
Studio apartment
Size
463 sqft
Floor
5th of 25
Parking
P5 86
Service charge
AED 7,200 /yr
Last sold
AED 492K · October 2011
Building
Spring Tower

About 505, Spring Tower

505 is a studio of 463 sqft on the 5th floor of Spring Tower, a 25-storey tower in Dubai Silicon Oasis. The developer sold it on 6 October 2011 for AED 491,504, or AED 1,061 per sqft, in line with the AED 1,059 studios in the building were fetching at the time.

It has been rented continuously since 2012 on 9 Ejari contracts. The current contract, renewed on 20 March 2025, is AED 43,000 a year: a gross yield of 8.8% on the 2011 price, before the service charge of about AED 7,200 a year.

Sales and rents for 505 over time

Sales
Unit 505, 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, October 2011: AED 491,504 (AED 1,061 per sqft)

505 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 505, 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, July 2012: AED 28,000 a yearNew contract, July 2013: AED 34,000 a yearNew contract, October 2017: AED 42,000 a yearNew contract, November 2018: AED 38,000 a yearNew contract, December 2019: AED 30,000 a yearNew contract, March 2021: AED 23,000 a yearRenewal, March 2023: AED 28,600 a yearNew contract, March 2024: AED 39,000 a yearRenewal, March 2025: AED 43,000 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 505 sits

All 133 studios →

505 last sold in October 2011 at AED 1,061 per sqft, in line with what studios in Spring Tower were fetching at the time (AED 1,059). 505's AED 43,000 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 5th floor

All 413 units in Spring Tower
Value
5011-bedAED 1.03M · Mar 2011
502AED 680K · Oct 2023
503StudioAED 486K · Aug 2010
504StudioAED 600K · Jan 2017
506StudioAED 270K · Jun 2020
5081-bedAED 548K · Aug 2013
509StudioAED 510K · Dec 2017
1–7 of 26

505, Spring Tower in numbers

  • Sold once: by the developer on 6 October 2011 for AED 491,504, or AED 1,061 per sqft.
  • Rented since July 2012 on 9 Ejari contracts. The rent fell from AED 28,000 to AED 23,000 in 2021 and recovered to AED 43,000 by March 2025.
  • At AED 43,000 a year the gross yield on the 2011 price is 8.8%, before a service charge of about AED 7,200 a year (AED 15.45 per sqft).

Source: Dubai Land Department. Updated 20 March 2025.

Questions about 505, Spring Tower

What did unit 505 last sell for?

AED 491,504 on 6 October 2011, sold by the developer: AED 1,061 per sqft for 463 sqft. It is the only registered sale of the unit.

What is the rent for unit 505?

AED 43,000 a year on the contract renewed on 20 March 2025. The previous contract, from March 2024, was AED 39,000; the unit has been rented since July 2012.

How big is unit 505?

463 sqft (43.0 sqm): a studio on the 5th floor of a 25-storey tower.

What is unit 505 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

Selling 505? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 505, Spring Tower

Starts from the last sale price (AED 492K, 6 October 2011). Switch to today's estimate once you have unlocked it.
Price
AED 491,504
Deposit, UAE resident (20%)
AED 98,301
Deposit, non-resident (40%)
AED 196,602
Monthly over 25 years at 3.7%
AED 2,011

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