1516, Spring Tower
Sold prices and rental history: sold 3 times, last in July 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1516, Spring Tower
What is 1516 worth today?
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Source: Dubai Land Department. Updated 1 August 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,457 sqft
- Floor
- 15th of 25
- Parking
- P3 73
- Service charge
- AED 22,500 /yr
- Last sold
- AED 1.13M · July 2024
- Building
- Spring Tower
About 1516, Spring Tower
1516 is a two-bedroom apartment of 1,457 sqft on the 15th floor of Spring Tower, a 25-storey tower in Dubai Silicon Oasis. It last sold on 29 July 2024 for AED 1,125,000, or AED 772 per sqft, 8% above the AED 713 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, signed on 1 August 2024, is AED 85,000 a year: a gross yield of 7.6% on the 2024 price, before the service charge of about AED 22,500 a year.
Sales and rents for 1516 over time
1516 has sold 3 times; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Spring Tower, and where 1516 sits
All 85 2-beds →1516 last sold in July 2024 at AED 772 per sqft, 8% above what two-beds in Spring Tower were fetching at the time (AED 713). Over the last 12 months two-beds sold for AED 948,830 to 1,340,000, around AED 897 per sqft, and rent for AED 50,000 to 104,000 a year. 1516's AED 85,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Jul 20269 July 2026 | 1,209 sqft | 1,100,000 | 910 | ||
| 6 Jul 20266 July 2026 | 1,296 sqft | 948,830 | 732 | ||
| 2 Apr 20262 April 2026 | 1,281 sqft | 1,150,000 | 897 | ||
| 21 Nov 202521 November 2025 | 1,626 sqft | 1,340,000 | 824 |
Spring Tower
Building413 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%
Other units on the 15th floor
All 413 units in Spring Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 2-bed | 1,457 sqft | AED 1.59MAED 1,591,099 · May 2011May 2011 | 85,000 /yr | |
| 1502 | 2-bed | 1,626 sqft | AED 1.34MAED 1,340,000 · Nov 2025November 2025 | 84,000 /yr | |
| 1503 | Studio | 516 sqft | AED 550KAED 550,000 · Sep 2014September 2014 | 45,000 /yr | |
| 1504 | 2-bed | 1,281 sqft | AED 1.15MAED 1,150,000 · Apr 2026April 2026 | 50,000 /yr | |
| 1505 | 1-bed | 698 sqft | AED 490KAED 490,000 · Jun 2018June 2018 | 30,000 /yr | |
| 1506 | 1-bed | 946 sqft | AED 473KAED 473,255 · Jun 2013June 2013 | 44,478 /yr | |
| 1508 | 1-bed | 828 sqft | AED 550KAED 550,000 · Nov 2023November 2023 | 44,100 /yr | |
| 1509 | 1-bed | 828 sqft | AED 904KAED 904,056 · Apr 2011April 2011 | 58,000 /yr | |
| 1510 | 1-bed | 961 sqft | AED 800KAED 800,000 · Sep 2025September 2025 | 60,000 /yr | |
| 1511 | 1-bed | 946 sqft | AED 865KAED 865,000 · May 2015May 2015 | 56,000 /yr | |
| 1512 | 1-bed | 698 sqft | AED 762KAED 762,336 · Feb 2016February 2016 | 36,500 /yr | |
| 1513 | 2-bed | 1,281 sqft | AED 760KAED 760,000 · Sep 2022September 2022 | 104,000 /yr | |
| 1514 | Studio | 516 sqft | AED 525KAED 525,000 · Jun 2025June 2025 | 56,000 /yr | |
| 1515 | 2-bed | 1,626 sqft | AED 1.78MAED 1,775,636 · Dec 2011December 2011 | 100,000 /yr |
1516, Spring Tower in numbers
- Sold 3 times: first on 20 November 2013 for AED 939,797, last on 29 July 2024 for AED 1,125,000 (AED 772 per sqft).
- Rented since October 2013 on 9 Ejari contracts. The rent fell from AED 90,000 to AED 68,000 in 2022 and recovered to AED 85,000 by August 2024.
- At AED 85,000 a year the gross yield on the 2024 price is 7.6%, before a service charge of about AED 22,500 a year (AED 15.45 per sqft).
- Two-beds in Spring Tower sold for AED 948,830–1,340,000 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 August 2024.
Questions about 1516, Spring Tower
What did unit 1516 last sell for?
AED 1,125,000 on 29 July 2024: AED 772 per sqft for 1,457 sqft. The unit has 3 registered sales; the first was AED 939,797 in November 2013.
What is the rent for unit 1516?
AED 85,000 a year on the contract signed on 1 August 2024. The previous contract, from November 2023, was AED 85,000; the unit has been rented since October 2013.
How big is unit 1516?
1,457 sqft (135.4 sqm): a two-bedroom apartment on the 15th floor of a 25-storey tower.
What is unit 1516 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Spring Tower sold for AED 948,830 to 1,340,000 in the last 12 months, around AED 897 per sqft.
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Mortgage on 1516, Spring Tower
Starts from the last sale price (AED 1.13M, 29 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,125,000
- Deposit, UAE resident (20%)
- AED 225,000
- Deposit, non-resident (40%)
- AED 450,000
- Monthly over 25 years at 3.7%
- AED 4,603
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →