Home
Dubai prices
About
Research
2-bed · 1,209 sqftSpring Tower, Dubai Silicon Oasis · 16th floor

1616, Spring Tower

Sold prices and rental history: sold twice, last in July 2019, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1616 · DLD and Ejari recordsUpdated 25 July 2019
Last soldAED 370K25 July 2019
Current rentAED 67K /yr20 October 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 1616

Property timeline for 1616, Spring Tower

What is 1616 worth today?

Last sold for AED 370,000 in 2019

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

25 Jul 2019SoldReady
AED 370,000AED 306 per sqft
20 Oct 2016RentedRenewal
AED 67,100/yr12 months · AED 56 per sqft
19 Jun 2016Sold by developerReady
AED 1,511,347AED 1,250 per sqft
20 Oct 2015RentedRenewal
AED 67,100/yr12 months · AED 56 per sqft
20 Oct 2014RentedRenewal
AED 61,000/yr12 months · AED 50 per sqft
20 Oct 2013RentedNew contract
AED 58,000/yr12 months · AED 48 per sqft

Source: Dubai Land Department. Updated 25 July 2019.

Key facts

Type
2-bed apartment
Size
1,209 sqft
Floor
16th of 25
Parking
P4 60
Service charge
AED 18,700 /yr
Last sold
AED 370K · July 2019
Building
Spring Tower

About 1616, Spring Tower

1616 is a two-bedroom apartment of 1,209 sqft on the 16th floor of Spring Tower, a 25-storey tower in Dubai Silicon Oasis. It last sold on 25 July 2019 for AED 370,000, or AED 306 per sqft.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, renewed on 20 October 2016, is AED 67,100 a year: a gross yield of 18.1% on the 2019 price, before the service charge of about AED 18,700 a year.

Sales and rents for 1616 over time

Sales
Unit 1616, each saleTypical two-bed in Spring Tower
1M2010201520202025Typical 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, June 2016: AED 1,511,347 (AED 1,250 per sqft)Sold, July 2019: AED 370,000 (AED 306 per sqft)

1616 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1616, 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, October 2013: AED 58,000 a yearRenewal, October 2014: AED 61,000 a yearRenewal, October 2015: AED 67,100 a yearRenewal, October 2016: AED 67,100 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 1616 sits

All 85 2-beds →

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. 1616's AED 67,100 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
16022-bedAED 1.4M · Mar 2014
1603StudioAED 335K · Jul 2013
16042-bedAED 641K · Jun 2013
16051-bedAED 764K · Nov 2010
16061-bedAED 755K · Feb 2026
16071-bedAED 942K · Sep 2013
1–7 of 15

1616, Spring Tower in numbers

  • Sold twice: first on 19 June 2016 for AED 1,511,347, last on 25 July 2019 for AED 370,000 (AED 306 per sqft).
  • Rented since October 2013 on 4 Ejari contracts, from AED 58,000 to AED 67,100 a year.
  • At AED 67,100 a year the gross yield on the 2019 price is 18.1%, before a service charge of about AED 18,700 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 25 July 2019.

Questions about 1616, Spring Tower

What did unit 1616 last sell for?

AED 370,000 on 25 July 2019: AED 306 per sqft for 1,209 sqft. The unit has 2 registered sales; the first was AED 1,511,347 in June 2016.

What is the rent for unit 1616?

AED 67,100 a year on the contract renewed on 20 October 2016. The previous contract, from October 2015, was AED 67,100; the unit has been rented since October 2013.

How big is unit 1616?

1,209 sqft (112.3 sqm): a two-bedroom apartment on the 16th floor of a 25-storey tower.

What is unit 1616 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.

Selling 1616? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1616, Spring Tower

Starts from the last sale price (AED 370K, 25 July 2019). Switch to today's estimate once you have unlocked it.
Price
AED 370,000
Deposit, UAE resident (20%)
AED 74,000
Deposit, non-resident (40%)
AED 148,000
Monthly over 25 years at 3.7%
AED 1,514

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