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Studio · 516 sqftSpring Tower, Dubai Silicon Oasis · 16th floor

1603, Spring Tower

Sold prices and rental history: sold once, by the developer in July 2013, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1603 · DLD and Ejari recordsUpdated 1 October 2020
Last soldAED 335K18 July 2013
Current rentAED 36K /yr1 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1603, Spring Tower

What is 1603 worth today?

Last sold for AED 335,270 in 2013

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1 Oct 2020RentedNew contract
AED 36,000/yr12 months · AED 70 per sqft
1 Jun 2018RentedRenewal
AED 42,000/yr12 months · AED 81 per sqft
1 Jun 2017RentedNew contract
AED 45,000/yr12 months · AED 87 per sqft
15 Feb 2014RentedNew contract
AED 34,650/yr12 months · AED 67 per sqft
18 Jul 2013Sold by developerReady
AED 335,270AED 649 per sqft

Source: Dubai Land Department. Updated 1 October 2020.

Key facts

Type
Studio apartment
Size
516 sqft
Floor
16th of 25
Parking
P4 95
Service charge
AED 8,000 /yr
Last sold
AED 335K · July 2013
Building
Spring Tower

About 1603, Spring Tower

1603 is a studio of 516 sqft on the 16th floor of Spring Tower, a 25-storey tower in Dubai Silicon Oasis. The developer sold it on 18 July 2013 for AED 335,270, or AED 649 per sqft, 4% below the AED 675 studios in the building were fetching at the time.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, signed on 1 October 2020, is AED 36,000 a year: a gross yield of 10.7% on the 2013 price, before the service charge of about AED 8,000 a year.

Sales and rents for 1603 over time

Sales
Unit 1603, 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, July 2013: AED 335,270 (AED 649 per sqft)

1603 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1603, 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, February 2014: AED 34,650 a yearNew contract, June 2017: AED 45,000 a yearRenewal, June 2018: AED 42,000 a yearNew contract, October 2020: AED 36,000 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 1603 sits

All 139 studios →

1603 last sold in July 2013 at AED 649 per sqft, 4% below what studios in Spring Tower were fetching at the time (AED 675). 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. 1603's AED 36,000 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 16th floor

All 413 units in Spring Tower
Value
16012-bedAED 665K · Aug 2016
16022-bedAED 1.4M · Mar 2014
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

1603, Spring Tower in numbers

  • Sold once: by the developer on 18 July 2013 for AED 335,270, or AED 649 per sqft.
  • Rented since February 2014 on 4 Ejari contracts, from AED 34,650 to AED 36,000 a year.
  • At AED 36,000 a year the gross yield on the 2013 price is 10.7%, before a service charge of about AED 8,000 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 1 October 2020.

Questions about 1603, Spring Tower

What did unit 1603 last sell for?

AED 335,270 on 18 July 2013, sold by the developer: AED 649 per sqft for 516 sqft. It is the only registered sale of the unit.

What is the rent for unit 1603?

AED 36,000 a year on the contract signed on 1 October 2020. The previous contract, from June 2018, was AED 42,000; the unit has been rented since February 2014.

How big is unit 1603?

516 sqft (47.9 sqm): a studio on the 16th floor of a 25-storey tower.

What is unit 1603 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 1603, Spring Tower

Starts from the last sale price (AED 335K, 18 July 2013). Switch to today's estimate once you have unlocked it.
Price
AED 335,270
Deposit, UAE resident (20%)
AED 67,054
Deposit, non-resident (40%)
AED 134,108
Monthly over 25 years at 3.7%
AED 1,372

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