1-bed · 886 sqftSpring Tower, Dubai Silicon Oasis · 12th floor

1214, Spring Tower

Sold prices and rental history: sold 3 times, last in May 2024, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1214 · DLD and Ejari recordsUpdated 29 May 2024
Last soldAED 670K29 May 2024
Current rentAED 52K /yr10 December 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1214, Spring Tower

What is 1214 worth today?

Last sold for AED 670,000 in 2024

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29 May 2024SoldReady
AED 670,000AED 756 per sqft
11 Jan 2018SoldReady
AED 725,000AED 818 per sqft
10 Dec 2016RentedRenewal
AED 52,089/yr7 months · AED 59 per sqft
19 Jun 2016Sold by developerReady
AED 1,107,583AED 1,250 per sqft
10 Dec 2015RentedRenewal
AED 49,610/yr12 months · AED 56 per sqft
10 Dec 2014RentedNew contract
AED 45,100/yr12 months · AED 51 per sqft

Source: Dubai Land Department. Updated 29 May 2024.

Key facts

Type
1-bed apartment
Size
886 sqft
Floor
12th of 25
Parking
P6 52
Service charge
AED 13,700 /yr
Last sold
AED 670K · May 2024
Building
Spring Tower

About 1214, Spring Tower

1214 is a one-bedroom apartment of 886 sqft on the 12th floor of Spring Tower, a 25-storey tower in Dubai Silicon Oasis. It last sold on 29 May 2024 for AED 670,000, or AED 756 per sqft, 14% above the AED 666 one-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, renewed on 10 December 2016, is AED 52,089 a year: a gross yield of 7.8% on the 2024 price, before the service charge of about AED 13,700 a year.

Sales and rents for 1214 over time

Sales
Unit 1214, each saleTypical one-bed in Spring Tower
500K1M2010201520202025Typical 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 2016: AED 1,107,583 (AED 1,250 per sqft)Sold, January 2018: AED 725,000 (AED 818 per sqft)Sold, May 2024: AED 670,000 (AED 756 per sqft)

1214 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1214, 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, December 2014: AED 45,100 a yearRenewal, December 2015: AED 49,610 a yearRenewal, December 2016: AED 52,089 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 1214 sits

All 173 1-beds →

1214 last sold in May 2024 at AED 756 per sqft, 14% above what one-beds in Spring Tower were fetching at the time (AED 666). 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. 1214's AED 52,089 is in the lower 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 12th floor

All 413 units in Spring Tower
Value
12011-bedAED 700K · Feb 2018
12031-bedAED 756K · Dec 2014
12042-bedAED 800K · Jun 2023
12071-bedAED 750K · Dec 2025
12081-bedAED 590K · Nov 2023
12091-bedAED 818K · Jul 2025
12101-bedAED 483K · Jun 2013
1–7 of 10

1214, Spring Tower in numbers

  • Sold 3 times: first on 19 June 2016 for AED 1,107,583, last on 29 May 2024 for AED 670,000 (AED 756 per sqft).
  • Rented since December 2014 on 3 Ejari contracts, from AED 45,100 to AED 52,089 a year.
  • At AED 52,089 a year the gross yield on the 2024 price is 7.8%, before a service charge of about AED 13,700 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 29 May 2024.

Questions about 1214, Spring Tower

What did unit 1214 last sell for?

AED 670,000 on 29 May 2024: AED 756 per sqft for 886 sqft. The unit has 3 registered sales; the first was AED 1,107,583 in June 2016.

What is the rent for unit 1214?

AED 52,089 a year on the contract renewed on 10 December 2016. The previous contract, from December 2015, was AED 49,610; the unit has been rented since December 2014.

How big is unit 1214?

886 sqft (82.3 sqm): a one-bedroom apartment on the 12th floor of a 25-storey tower.

What is unit 1214 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 1214, Spring Tower

Starts from the last sale price (AED 670K, 29 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 670,000
Deposit, UAE resident (20%)
AED 134,000
Deposit, non-resident (40%)
AED 268,000
Monthly over 25 years at 3.7%
AED 2,741

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