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1-bed · 859 sqftSpring Tower, Dubai Silicon Oasis · 1st floor

116, Spring Tower

Sold prices and rental history: sold once, by the developer in June 2011, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 116 · DLD and Ejari recordsUpdated 22 August 2016
Last soldAED 901K9 June 2011
Current rentAED 70K /yr22 August 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 116, Spring Tower

What is 116 worth today?

Last sold for AED 901,467 in 2011

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22 Aug 2016RentedNew contract
AED 70,000/yr12 months · AED 81 per sqft
22 Aug 2015RentedNew contract
AED 70,000/yr12 months · AED 81 per sqft
10 Jul 2013RentedNew contract
AED 43,050/yr12 months · AED 50 per sqft
9 Jun 2011Sold by developerReady
AED 901,467AED 1,050 per sqft

Source: Dubai Land Department. Updated 22 August 2016.

Key facts

Type
1-bed apartment
Size
859 sqft
Floor
1st of 25
Parking
P1 37
Service charge
AED 13,300 /yr
Last sold
AED 901K · June 2011
Building
Spring Tower

About 116, Spring Tower

116 is a one-bedroom apartment of 859 sqft on the 1st floor of Spring Tower, a 25-storey tower in Dubai Silicon Oasis. The developer sold it on 9 June 2011 for AED 901,467, or AED 1,050 per sqft, 3% below the AED 1,085 one-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 22 August 2016, is AED 70,000 a year: a gross yield of 7.8% on the 2011 price, before the service charge of about AED 13,300 a year.

Sales and rents for 116 over time

Sales
Unit 116, each saleTypical one-bed in Spring Tower
500K750K1M2010201520202025Typical sale price by year: 2010 AED 934,677; 2011 AED 936,751; 2012 AED 447,148; 2013 AED 549,190; 2014 AED 762,336; 2015 AED 820,000; 2016 AED 816,265; 2017 AED 675,000; 2018 AED 655,000; 2019 AED 610,000; 2020 AED 395,000; 2021 AED 400,000; 2022 AED 440,000; 2023 AED 540,000; 2024 AED 580,000; 2025 AED 750,000; 2026 AED 715,000Sold by developer, June 2011: AED 901,467 (AED 1,050 per sqft)

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

Rents
Unit 116, 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 65,000; 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 38,500; 2023 AED 43,275; 2024 AED 46,000; 2025 AED 50,000; 2026 AED 54,250New contract, July 2013: AED 43,050 a yearNew contract, August 2015: AED 70,000 a yearNew contract, August 2016: AED 70,000 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 116 sits

All 173 1-beds →

116 last sold in June 2011 at AED 1,050 per sqft, 3% below what one-beds in Spring Tower were fetching at the time (AED 1,085). Over the last 12 months one-beds sold for AED 710,000 to 850,000, around AED 878 per sqft, and rent for AED 42,000 to 80,000 a year. 116's AED 70,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
25 Aug 2026825,000
24 Apr 2026850,000
16 Mar 2026710,000
9 Feb 2026755,000
11 1-bed sales in the last 12 months

Spring Tower

Building

413 apartments, studios to 4-bed over 25 floors in Dubai Silicon Oasis. 23 sold in the last 12 months.

Typical price per sqft
AED 878 Up 5.5%
Typical sale
AED 803K
Typical rent
AED 51K /yr
Typical yield
8.1%
Spring Tower, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 1st floor

All 413 units in Spring Tower
Value
1011-bedAED 700K · Oct 2025
1022-bedAED 771K · Aug 2013
105StudioAED 450K · Aug 2020
106StudioAED 570K · Jun 2015
107StudioAED 768K · Jul 2016
1081-bedAED 850K · Apr 2026
110StudioAED 300K · Oct 2020
1–7 of 24

116, Spring Tower in numbers

  • Sold once: by the developer on 9 June 2011 for AED 901,467, or AED 1,050 per sqft.
  • Rented since July 2013 on 3 Ejari contracts, from AED 43,050 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2011 price is 7.8%, before a service charge of about AED 13,300 a year (AED 15.45 per sqft).
  • One-beds in Spring Tower sold for AED 710,000–850,000 in the 12 months to November 2026; the building's median across all types is AED 878 per sqft.

Source: Dubai Land Department. Updated 22 August 2016.

Questions about 116, Spring Tower

What did unit 116 last sell for?

AED 901,467 on 9 June 2011, sold by the developer: AED 1,050 per sqft for 859 sqft. It is the only registered sale of the unit.

What is the rent for unit 116?

AED 70,000 a year on the contract signed on 22 August 2016. The previous contract, from August 2015, was AED 70,000; the unit has been rented since July 2013.

How big is unit 116?

859 sqft (79.8 sqm): a one-bedroom apartment on the 1st floor of a 25-storey tower.

What is unit 116 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 850,000 in the last 12 months, around AED 878 per sqft.

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Mortgage on 116, Spring Tower

Starts from the last sale price (AED 901K, 9 June 2011). Switch to today's estimate once you have unlocked it.
Price
AED 901,467
Deposit, UAE resident (20%)
AED 180,293
Deposit, non-resident (40%)
AED 360,587
Monthly over 25 years at 3.7%
AED 3,688

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