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2-bed · 1,378 sqftSpring Tower, Dubai Silicon Oasis · 16th floor

1602, Spring Tower

Sold prices and rental history: sold twice, last in March 2014, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1602 · DLD and Ejari recordsUpdated 9 March 2014
Last soldAED 1.4M9 March 2014
Current rentAED 63K /yr1 May 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1602, Spring Tower

What is 1602 worth today?

Last sold for AED 1,400,000 in 2014

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9 Mar 2014SoldReady
AED 1,400,000AED 1,016 per sqft
20 Nov 2013Sold by developerReady
AED 888,610AED 645 per sqft
1 May 2013RentedNew contract
AED 63,000/yr12 months · AED 46 per sqft
20 Feb 2013RentedNew contract
AED 63,000/yr12 months · AED 46 per sqft

Source: Dubai Land Department. Updated 9 March 2014.

Key facts

Type
2-bed apartment
Size
1,378 sqft
Floor
16th of 25
Parking
P4 96
Service charge
AED 21,300 /yr
Last sold
AED 1.4M · March 2014
Building
Spring Tower

About 1602, Spring Tower

1602 is a two-bedroom apartment of 1,378 sqft on the 16th floor of Spring Tower, a 25-storey tower in Dubai Silicon Oasis. It last sold on 9 March 2014 for AED 1,400,000, or AED 1,016 per sqft, 58% above the AED 645 two-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 1 May 2013, is AED 63,000 a year: a gross yield of 4.5% on the 2014 price, before the service charge of about AED 21,300 a year.

Sales and rents for 1602 over time

Sales
Unit 1602, each saleTypical two-bed in Spring Tower
1M1.5M2010201520202025Typical sale price by year: 2010 AED 1,396,466; 2011 AED 1,498,555; 2012 AED 727,543; 2013 AED 816,000; 2014 AED 1,350,000; 2015 AED 1,334,405; 2016 AED 1,300,000; 2021 AED 687,500; 2022 AED 765,000; 2023 AED 897,500; 2024 AED 1,050,000; 2025 AED 1,100,000; 2026 AED 1,100,000Sold by developer, November 2013: AED 888,610 (AED 645 per sqft)Sold, March 2014: AED 1,400,000 (AED 1,016 per sqft)

1602 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1602, each contractTypical two-bed in Spring Tower
60K80K100K2012201620202024Typical rent by year: 2012 AED 60,500; 2013 AED 70,000; 2014 AED 80,000; 2015 AED 90,000; 2016 AED 93,750; 2017 AED 85,000; 2018 AED 80,000; 2019 AED 72,000; 2020 AED 65,000; 2021 AED 58,000; 2022 AED 62,185; 2023 AED 65,000; 2024 AED 72,693; 2025 AED 75,000; 2026 AED 80,000New contract, February 2013: AED 63,000 a yearNew contract, May 2013: AED 63,000 a year

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 1602 sits

All 85 2-beds →

1602 last sold in March 2014 at AED 1,016 per sqft, 58% above what two-beds in Spring Tower were fetching at the time (AED 645). 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. 1602's AED 63,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
9 Jul 20261,100,000
6 Jul 2026948,830
2 Apr 20261,150,000
21 Nov 20251,340,000
5 2-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 16th floor

All 413 units in Spring Tower
Value
16012-bedAED 665K · Aug 2016
1603StudioAED 335K · Jul 2013
16042-bedAED 641K · Jun 2013
16051-bedAED 764K · Nov 2010
16061-bedAED 755K · Feb 2026
16071-bedAED 942K · Sep 2013
16081-bedAED 907K · Sep 2013
1–7 of 15

1602, Spring Tower in numbers

  • Sold twice: first on 20 November 2013 for AED 888,610, last on 9 March 2014 for AED 1,400,000 (AED 1,016 per sqft).
  • Rented since February 2013 on 2 Ejari contracts, at AED 63,000 a year.
  • At AED 63,000 a year the gross yield on the 2014 price is 4.5%, before a service charge of about AED 21,300 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 9 March 2014.

Questions about 1602, Spring Tower

What did unit 1602 last sell for?

AED 1,400,000 on 9 March 2014: AED 1,016 per sqft for 1,378 sqft. The unit has 2 registered sales; the first was AED 888,610 in November 2013.

What is the rent for unit 1602?

AED 63,000 a year on the contract signed on 1 May 2013. The previous contract, from February 2013, was AED 63,000.

How big is unit 1602?

1,378 sqft (128.0 sqm): a two-bedroom apartment on the 16th floor of a 25-storey tower.

What is unit 1602 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 1602, Spring Tower

Starts from the last sale price (AED 1.4M, 9 March 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,400,000
Deposit, UAE resident (20%)
AED 280,000
Deposit, non-resident (40%)
AED 560,000
Monthly over 25 years at 3.7%
AED 5,728

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