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Studio · 643 sqftSpring Tower, Dubai Silicon Oasis · 1st floor

124, Spring Tower

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

Unit 124 · DLD and Ejari recordsUpdated 20 August 2018
Last soldAED 676K9 February 2011
Current rentAED 43K /yr20 August 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 124, Spring Tower

What is 124 worth today?

Last sold for AED 675,654 in 2011

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20 Aug 2018RentedNew contract
AED 43,000/yr12 months · AED 67 per sqft
16 Jul 2017RentedRenewal
AED 48,000/yr12 months · AED 74 per sqft
16 Jul 2016RentedNew contract
AED 52,000/yr12 months · AED 81 per sqft
14 Oct 2015RentedNew contract
AED 52,000/yr12 months · AED 81 per sqft
10 Jan 2015RentedNew contract
AED 45,000/yr12 months · AED 70 per sqft
10 Jan 2014RentedNew contract
AED 40,000/yr12 months · AED 62 per sqft
10 Jan 2013RentedNew contract
AED 35,000/yr12 months · AED 54 per sqft
9 Feb 2011Sold by developerReady
AED 675,654AED 1,050 per sqft

Source: Dubai Land Department. Updated 20 August 2018.

Key facts

Type
Studio apartment
Size
643 sqft
Floor
1st of 25
Parking
P1 49
Service charge
AED 9,900 /yr
Last sold
AED 676K · February 2011
Building
Spring Tower

About 124, Spring Tower

124 is a studio of 643 sqft on the 1st floor of Spring Tower, a 25-storey tower in Dubai Silicon Oasis. The developer sold it on 9 February 2011 for AED 675,654, or AED 1,050 per sqft, in line with the AED 1,059 studios in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 20 August 2018, is AED 43,000 a year: a gross yield of 6.4% on the 2011 price, before the service charge of about AED 9,900 a year.

Sales and rents for 124 over time

Sales
Unit 124, each saleTypical studio in Spring Tower
400K600K2010201520202025Typical 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, February 2011: AED 675,654 (AED 1,050 per sqft)

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

Rents
Unit 124, 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, January 2013: AED 35,000 a yearNew contract, January 2014: AED 40,000 a yearNew contract, January 2015: AED 45,000 a yearNew contract, October 2015: AED 52,000 a yearNew contract, July 2016: AED 52,000 a yearRenewal, July 2017: AED 48,000 a yearNew contract, August 2018: 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 124 sits

All 139 studios →

124 last sold in February 2011 at AED 1,050 per sqft, in line with what studios in Spring Tower were fetching at the time (AED 1,059). 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. 124's AED 43,000 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

124, Spring Tower in numbers

  • Sold once: by the developer on 9 February 2011 for AED 675,654, or AED 1,050 per sqft.
  • Rented since January 2013 on 7 Ejari contracts, from AED 35,000 to AED 43,000 a year.
  • At AED 43,000 a year the gross yield on the 2011 price is 6.4%, before a service charge of about AED 9,900 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 20 August 2018.

Questions about 124, Spring Tower

What did unit 124 last sell for?

AED 675,654 on 9 February 2011, sold by the developer: AED 1,050 per sqft for 643 sqft. It is the only registered sale of the unit.

What is the rent for unit 124?

AED 43,000 a year on the contract signed on 20 August 2018. The previous contract, from July 2017, was AED 48,000; the unit has been rented since January 2013.

How big is unit 124?

643 sqft (59.7 sqm): a studio on the 1st floor of a 25-storey tower.

What is unit 124 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 124, Spring Tower

Starts from the last sale price (AED 676K, 9 February 2011). Switch to today's estimate once you have unlocked it.
Price
AED 675,654
Deposit, UAE resident (20%)
AED 135,131
Deposit, non-resident (40%)
AED 270,262
Monthly over 25 years at 3.7%
AED 2,764

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