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Studio · 631 sqftSpring Tower, Dubai Silicon Oasis · 1st floor

119, Spring Tower

Sold prices and rental history: sold twice, last in June 2019, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 119 · DLD and Ejari recordsUpdated 16 June 2019
Last soldAED 350K16 June 2019
Current rentAED 34K /yr10 June 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 119, Spring Tower

What is 119 worth today?

Last sold for AED 350,000 in 2019

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16 Jun 2019SoldReady
AED 350,000AED 554 per sqft
19 Jun 2016Sold by developerReady
AED 788,696AED 1,250 per sqft
10 Jun 2015RentedRenewal
AED 33,600/yr12 months · AED 53 per sqft
10 Jun 2014RentedRenewal
AED 32,000/yr12 months · AED 51 per sqft
10 Jun 2013RentedNew contract
AED 29,000/yr12 months · AED 46 per sqft

Source: Dubai Land Department. Updated 16 June 2019.

Key facts

Type
Studio apartment
Size
631 sqft
Floor
1st of 25
Parking
P1 40
Service charge
AED 9,700 /yr
Last sold
AED 350K · June 2019
Building
Spring Tower

About 119, Spring Tower

119 is a studio of 631 sqft on the 1st floor of Spring Tower, a 25-storey tower in Dubai Silicon Oasis. It last sold on 16 June 2019 for AED 350,000, or AED 554 per sqft, 25% below the AED 734 studios in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, renewed on 10 June 2015, is AED 33,600 a year: a gross yield of 9.6% on the 2019 price, before the service charge of about AED 9,700 a year.

Sales and rents for 119 over time

Sales
Unit 119, each saleTypical studio in Spring Tower
250K500K750K2010201520202025Typical sale price by year: 2010 AED 568,546; 2011 AED 514,342; 2012 AED 429,397; 2013 AED 342,562; 2014 AED 495,000; 2015 AED 517,500; 2016 AED 535,232; 2017 AED 460,000; 2018 AED 406,965; 2019 AED 340,000; 2020 AED 285,000; 2021 AED 275,000; 2022 AED 350,000; 2023 AED 340,000; 2024 AED 371,000; 2025 AED 487,500; 2026 AED 519,000Sold by developer, June 2016: AED 788,696 (AED 1,250 per sqft)Sold, June 2019: AED 350,000 (AED 554 per sqft)

119 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 119, each contractTypical studio in Spring Tower
40K20112015201920232027Typical rent by year: 2011 AED 30,000; 2012 AED 28,000; 2013 AED 30,750; 2014 AED 35,850; 2015 AED 45,000; 2016 AED 50,000; 2017 AED 45,000; 2018 AED 40,000; 2019 AED 33,000; 2020 AED 28,000; 2021 AED 26,000; 2022 AED 28,531; 2023 AED 32,000; 2024 AED 37,000; 2025 AED 42,000; 2026 AED 42,000New contract, June 2013: AED 29,000 a yearRenewal, June 2014: AED 32,000 a yearRenewal, June 2015: AED 33,600 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 119 sits

All 139 studios →

119 last sold in June 2019 at AED 554 per sqft, 25% below what studios in Spring Tower were fetching at the time (AED 734). Over the last 12 months studios sold for AED 260,000 to 555,000, around AED 1,036 per sqft, and rent for AED 32,000 to 92,000 a year. 119's AED 33,600 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
3 Jul 2026519,000
22 May 2026555,000
16 May 2026260,000
4 Nov 2025515,000
3 studio 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

119, Spring Tower in numbers

  • Sold twice: first on 19 June 2016 for AED 788,696, last on 16 June 2019 for AED 350,000 (AED 554 per sqft).
  • Rented since June 2013 on 3 Ejari contracts, from AED 29,000 to AED 33,600 a year.
  • At AED 33,600 a year the gross yield on the 2019 price is 9.6%, before a service charge of about AED 9,700 a year (AED 15.45 per sqft).
  • Studios in Spring Tower sold for AED 260,000–555,000 in the 12 months to November 2026; the building's median across all types is AED 878 per sqft.

Source: Dubai Land Department. Updated 16 June 2019.

Questions about 119, Spring Tower

What did unit 119 last sell for?

AED 350,000 on 16 June 2019: AED 554 per sqft for 631 sqft. The unit has 2 registered sales; the first was AED 788,696 in June 2016.

What is the rent for unit 119?

AED 33,600 a year on the contract renewed on 10 June 2015. The previous contract, from June 2014, was AED 32,000; the unit has been rented since June 2013.

How big is unit 119?

631 sqft (58.6 sqm): a studio on the 1st floor of a 25-storey tower.

What is unit 119 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Spring Tower sold for AED 260,000 to 555,000 in the last 12 months, around AED 1,036 per sqft.

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Mortgage on 119, Spring Tower

Starts from the last sale price (AED 350K, 16 June 2019). Switch to today's estimate once you have unlocked it.
Price
AED 350,000
Deposit, UAE resident (20%)
AED 70,000
Deposit, non-resident (40%)
AED 140,000
Monthly over 25 years at 3.7%
AED 1,432

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