1-bed · 698 sqftSpring Tower, Dubai Silicon Oasis · 15th floor

1505, Spring Tower

Sold prices and rental history: sold 3 times, last in June 2018, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1505 · DLD and Ejari recordsUpdated 20 February 2021
Last soldAED 490K27 June 2018
Current rentAED 30K /yr20 February 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1505, Spring Tower

What is 1505 worth today?

Last sold for AED 490,000 in 2018

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20 Feb 2021RentedNew contract
AED 30,000/yr12 months · AED 43 per sqft
30 Jan 2019RentedNew contract
AED 43,000/yr12 months · AED 61 per sqft
27 Jun 2018SoldReady
AED 490,000AED 701 per sqft
15 Mar 2016RentedRenewal
AED 50,820/yr12 months · AED 73 per sqft
15 Mar 2015RentedNew contract
AED 50,820/yr12 months · AED 73 per sqft
15 Mar 2014RentedNew contract
AED 46,200/yr12 months · AED 66 per sqft
11 Mar 2014SoldReady
AED 750,000AED 1,074 per sqft
20 Nov 2013Sold by developerReady
AED 450,281AED 644 per sqft

Source: Dubai Land Department. Updated 20 February 2021.

Key facts

Type
1-bed apartment
Size
698 sqft
Floor
15th of 25
Parking
P3 96
Service charge
AED 10,800 /yr
Last sold
AED 490K · June 2018
Building
Spring Tower

About 1505, Spring Tower

1505 is a one-bedroom apartment of 698 sqft on the 15th floor of Spring Tower, a 25-storey tower in Dubai Silicon Oasis. It last sold on 27 June 2018 for AED 490,000, or AED 701 per sqft, 6% below the AED 749 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 20 February 2021, is AED 30,000 a year: a gross yield of 6.1% on the 2018 price, before the service charge of about AED 10,800 a year.

Sales and rents for 1505 over time

Sales
Unit 1505, 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, November 2013: AED 450,281 (AED 644 per sqft)Sold, March 2014: AED 750,000 (AED 1,074 per sqft)Sold, June 2018: AED 490,000 (AED 701 per sqft)

1505 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1505, 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, March 2013: AED 42,000 a yearNew contract, March 2014: AED 46,200 a yearNew contract, March 2015: AED 50,820 a yearRenewal, March 2016: AED 50,820 a yearNew contract, January 2019: AED 43,000 a yearNew contract, February 2021: AED 30,000 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 1505 sits

All 173 1-beds →

1505 last sold in June 2018 at AED 701 per sqft, 6% below what one-beds in Spring Tower were fetching at the time (AED 749). 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. 1505's AED 30,000 is at the bottom 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 15th floor

All 413 units in Spring Tower
Value
15012-bedAED 1.59M · May 2011
15022-bedAED 1.34M · Nov 2025
1503StudioAED 550K · Sep 2014
15042-bedAED 1.15M · Apr 2026
15061-bedAED 473K · Jun 2013
15081-bedAED 550K · Nov 2023
15091-bedAED 904K · Apr 2011
1–7 of 14

1505, Spring Tower in numbers

  • Sold 3 times: first on 20 November 2013 for AED 450,281, last on 27 June 2018 for AED 490,000 (AED 701 per sqft).
  • Rented since March 2013 on 6 Ejari contracts, from AED 42,000 to AED 30,000 a year.
  • At AED 30,000 a year the gross yield on the 2018 price is 6.1%, before a service charge of about AED 10,800 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 20 February 2021.

Questions about 1505, Spring Tower

What did unit 1505 last sell for?

AED 490,000 on 27 June 2018: AED 701 per sqft for 698 sqft. The unit has 3 registered sales; the first was AED 450,281 in November 2013.

What is the rent for unit 1505?

AED 30,000 a year on the contract signed on 20 February 2021. The previous contract, from January 2019, was AED 43,000; the unit has been rented since March 2013.

How big is unit 1505?

698 sqft (64.8 sqm): a one-bedroom apartment on the 15th floor of a 25-storey tower.

What is unit 1505 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 1505, Spring Tower

Starts from the last sale price (AED 490K, 27 June 2018). Switch to today's estimate once you have unlocked it.
Price
AED 490,000
Deposit, UAE resident (20%)
AED 98,000
Deposit, non-resident (40%)
AED 196,000
Monthly over 25 years at 3.7%
AED 2,005

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