1612, Spring Tower
Sold prices and rental history: sold 3 times, last in October 2018, 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 1612, Spring Tower
What is 1612 worth today?
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Source: Dubai Land Department. Updated 1 January 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 698 sqft
- Floor
- 16th of 25
- Parking
- P4 64
- Service charge
- AED 10,800 /yr
- Last sold
- AED 490K · October 2018
- Building
- Spring Tower
About 1612, Spring Tower
1612 is a one-bedroom apartment of 698 sqft on the 16th floor of Spring Tower, a 25-storey tower in Dubai Silicon Oasis. It last sold on 17 October 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 4 Ejari contracts. The current contract, renewed on 1 January 2024, is AED 40,000 a year: a gross yield of 8.2% on the 2018 price, before the service charge of about AED 10,800 a year.
Sales and rents for 1612 over time
1612 has sold 3 times; the dashed line is the one-bed median of each year in the building.
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 1612 sits
All 173 1-beds →1612 last sold in October 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. 1612's AED 40,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 25 Aug 202625 August 2026 | 480 sqft | 825,000 | 1,717 | ||
| 24 Apr 202624 April 2026 | 1,086 sqft | 850,000 | 782 | ||
| 16 Mar 202616 March 2026 | 815 sqft | 710,000 | 870 | ||
| 9 Feb 20269 February 2026 | 765 sqft | 755,000 | 987 |
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 16th floor
All 413 units in Spring Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,209 sqft | AED 665KAED 664,785 · Aug 2016August 2016 | 80,000 /yr | |
| 1602 | 2-bed | 1,378 sqft | AED 1.4MAED 1,400,000 · Mar 2014March 2014 | 63,000 /yr | |
| 1603 | Studio | 516 sqft | AED 335KAED 335,270 · Jul 2013July 2013 | 36,000 /yr | |
| 1604 | 2-bed | 1,281 sqft | AED 641KAED 640,585 · Jun 2013June 2013 | 66,150 /yr | |
| 1605 | 1-bed | 698 sqft | AED 764KAED 764,430 · Nov 2010November 2010 | 52,000 /yr | |
| 1606 | 1-bed | 765 sqft | AED 755KAED 755,000 · Feb 2026February 2026 | 46,200 /yr | |
| 1607 | 1-bed | 861 sqft | AED 942KAED 942,423 · Sep 2013September 2013 | 44,100 /yr | |
| 1608 | 1-bed | 828 sqft | AED 907KAED 906,540 · Sep 2013September 2013 | 44,520 /yr | |
| 1609 | 1-bed | 828 sqft | AED 907KAED 906,540 · Sep 2013September 2013 | 55,000 /yr | |
| 1610 | 1-bed | 961 sqft | AED 1.05MAED 1,051,966 · Sep 2013September 2013 | 50,574 /yr | |
| 1611 | 1-bed | 252 sqft | AED 700KAED 700,000 · Dec 2025December 2025 | 62,000 /yr | |
| 1613 | 2-bed | 1,281 sqft | AED 641KAED 640,585 · Jun 2013June 2013 | 50,000 /yr | |
| 1614 | Studio | 516 sqft | AED 350KAED 350,000 · Oct 2022October 2022 | 40,000 /yr | |
| 1615 | 2-bed | 1,378 sqft | AED 1.34MAED 1,335,000 · Mar 2015March 2015 | 78,000 /yr | |
| 1616 | 2-bed | 1,209 sqft | AED 370KAED 370,000 · Jul 2019July 2019 | 67,100 /yr |
1612, Spring Tower in numbers
- Sold 3 times: first on 5 August 2013 for AED 471,500, last on 17 October 2018 for AED 490,000 (AED 701 per sqft).
- Rented since February 2013 on 4 Ejari contracts. The rent fell from AED 45,000 to AED 32,000 in 2021 and recovered to AED 40,000 by January 2024.
- At AED 40,000 a year the gross yield on the 2018 price is 8.2%, 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 1 January 2024.
Questions about 1612, Spring Tower
What did unit 1612 last sell for?
AED 490,000 on 17 October 2018: AED 701 per sqft for 698 sqft. The unit has 3 registered sales; the first was AED 471,500 in August 2013.
What is the rent for unit 1612?
AED 40,000 a year on the contract renewed on 1 January 2024. The previous contract, from January 2022, was AED 34,000; the unit has been rented since February 2013.
How big is unit 1612?
698 sqft (64.8 sqm): a one-bedroom apartment on the 16th floor of a 25-storey tower.
What is unit 1612 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 1612, Spring Tower
Starts from the last sale price (AED 490K, 17 October 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 →