1-bed · 920 sqftSpring Tower, Dubai Silicon Oasis · 14th floor

1401, Spring Tower

Sold prices and rental history: sold twice, last in March 2016, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1401 · DLD and Ejari recordsUpdated 1 July 2024
Last soldAED 825K22 March 2016
Current rentAED 55K /yr1 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1401, Spring Tower

What is 1401 worth today?

Last sold for AED 825,000 in 2016

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1 Jul 2024RentedNew contract
AED 55,000/yr12 months · AED 60 per sqft
1 Jun 2023RentedRenewal
AED 42,350/yr12 months · AED 46 per sqft
1 Jun 2022RentedRenewal
AED 38,500/yr12 months · AED 42 per sqft
1 Jun 2021RentedNew contract
AED 35,000/yr12 months · AED 38 per sqft
27 Aug 2019RentedRenewal
AED 55,000/yr12 months · AED 59 per sqft
27 Aug 2018RentedNew contract
AED 60,000/yr12 months · AED 65 per sqft
20 Aug 2016RentedNew contract
AED 73,000/yr12 months · AED 79 per sqft
7 Jun 2016RentedRenewal
AED 49,650/yr12 months · AED 54 per sqft

Source: Dubai Land Department. Updated 1 July 2024.

Key facts

Type
1-bed apartment
Size
920 sqft
Floor
14th of 25
Parking
P2 99
Service charge
AED 14,200 /yr
Last sold
AED 825K · March 2016
Building
Spring Tower

About 1401, Spring Tower

1401 is a one-bedroom apartment of 920 sqft on the 14th floor of Spring Tower, a 25-storey tower in Dubai Silicon Oasis. It last sold on 22 March 2016 for AED 825,000, or AED 896 per sqft, 7% below the AED 968 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, signed on 1 July 2024, is AED 55,000 a year: a gross yield of 6.7% on the 2016 price, before the service charge of about AED 14,200 a year.

Sales and rents for 1401 over time

Sales
Unit 1401, 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, August 2010: AED 1,002,185 (AED 1,088 per sqft)Sold, March 2016: AED 825,000 (AED 896 per sqft)

1401 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1401, 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, June 2013: AED 49,650 a yearNew contract, June 2014: AED 49,650 a yearNew contract, June 2015: AED 49,650 a yearRenewal, June 2016: AED 49,650 a yearNew contract, August 2016: AED 73,000 a yearNew contract, August 2018: AED 60,000 a yearRenewal, August 2019: AED 55,000 a yearNew contract, June 2021: AED 35,000 a yearRenewal, June 2022: AED 38,500 a yearRenewal, June 2023: AED 42,350 a yearNew contract, July 2024: AED 55,000 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 1401 sits

All 173 1-beds →

1401 last sold in March 2016 at AED 896 per sqft, 7% below what one-beds in Spring Tower were fetching at the time (AED 968). 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. 1401's AED 55,000 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 14th floor

All 413 units in Spring Tower
Value
14021-bedAED 590K · Jun 2024
14041-bedAED 540K · Jun 2023
14061-bedAED 520K · Aug 2012
14071-bedAED 475K · Oct 2019
14081-bedAED 740K · Jan 2025
14091-bedAED 495K · Jul 2019
14101-bedAED 720K · May 2018
1–7 of 11

1401, Spring Tower in numbers

  • Sold twice: first on 22 August 2010 for AED 1,002,185, last on 22 March 2016 for AED 825,000 (AED 896 per sqft).
  • Rented since June 2013 on 11 Ejari contracts. The rent fell from AED 49,650 to AED 35,000 in 2021 and recovered to AED 55,000 by July 2024.
  • At AED 55,000 a year the gross yield on the 2016 price is 6.7%, before a service charge of about AED 14,200 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 1 July 2024.

Questions about 1401, Spring Tower

What did unit 1401 last sell for?

AED 825,000 on 22 March 2016: AED 896 per sqft for 920 sqft. The unit has 2 registered sales; the first was AED 1,002,185 in August 2010.

What is the rent for unit 1401?

AED 55,000 a year on the contract signed on 1 July 2024. The previous contract, from June 2023, was AED 42,350; the unit has been rented since June 2013.

How big is unit 1401?

920 sqft (85.5 sqm): a one-bedroom apartment on the 14th floor of a 25-storey tower.

What is unit 1401 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 1401, Spring Tower

Starts from the last sale price (AED 825K, 22 March 2016). Switch to today's estimate once you have unlocked it.
Price
AED 825,000
Deposit, UAE resident (20%)
AED 165,000
Deposit, non-resident (40%)
AED 330,000
Monthly over 25 years at 3.7%
AED 3,375

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