2-bed · 1,378 sqftSpring Tower, Dubai Silicon Oasis · 17th floor

1702, Spring Tower

Sold prices and rental history: sold twice, last in April 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1702 · DLD and Ejari recordsUpdated 26 April 2022
Last soldAED 770K25 April 2022
Current rentAED 55K /yr26 April 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1702, Spring Tower

What is 1702 worth today?

Last sold for AED 770,000 in 2022

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26 Apr 2022RentedNew contract
AED 55,000/yr12 months · AED 40 per sqft
25 Apr 2022SoldReady
AED 770,000AED 558 per sqft
1 Oct 2019RentedRenewal
AED 75,000/yr12 months · AED 54 per sqft
5 Jul 2017RentedRenewal
AED 100,000/yr12 months · AED 73 per sqft
5 Jul 2016RentedNew contract
AED 110,000/yr12 months · AED 80 per sqft
5 Jul 2014RentedNew contract
AED 85,000/yr12 months · AED 62 per sqft
5 Jul 2013RentedNew contract
AED 85,000/yr12 months · AED 62 per sqft
13 Dec 2011Sold by developerReady
AED 1,512,704AED 1,098 per sqft

Source: Dubai Land Department. Updated 26 April 2022.

Key facts

Type
2-bed apartment
Size
1,378 sqft
Floor
17th of 25
Parking
P5 24
Service charge
AED 21,300 /yr
Last sold
AED 770K · April 2022
Building
Spring Tower

About 1702, Spring Tower

1702 is a two-bedroom apartment of 1,378 sqft on the 17th floor of Spring Tower, a 25-storey tower in Dubai Silicon Oasis. It last sold on 25 April 2022 for AED 770,000, or AED 558 per sqft, 6% above the AED 526 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 26 April 2022, is AED 55,000 a year: a gross yield of 7.1% on the 2022 price, before the service charge of about AED 21,300 a year.

Sales and rents for 1702 over time

Sales
Unit 1702, 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, December 2011: AED 1,512,704 (AED 1,098 per sqft)Sold, April 2022: AED 770,000 (AED 558 per sqft)

1702 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1702, each contractTypical two-bed in Spring Tower
50K75K100K2012201620202024Typical 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, July 2013: AED 85,000 a yearNew contract, July 2014: AED 85,000 a yearNew contract, July 2016: AED 110,000 a yearRenewal, July 2017: AED 100,000 a yearRenewal, October 2019: AED 75,000 a yearNew contract, April 2022: AED 55,000 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 1702 sits

All 85 2-beds →

1702 last sold in April 2022 at AED 558 per sqft, 6% above what two-beds in Spring Tower were fetching at the time (AED 526). 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. 1702's AED 55,000 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 17th floor

All 413 units in Spring Tower
Value
17012-bedAED 816K · Jul 2013
1703StudioAED 313K · Mar 2022
17042-bedAED 935K · Mar 2025
17051-bedAED 580K · Dec 2024
17061-bedAED 390K · Nov 2020
17071-bedAED 945K · Jun 2011
17081-bedAED 815K · Oct 2025
1–7 of 13

1702, Spring Tower in numbers

  • Sold twice: first on 13 December 2011 for AED 1,512,704, last on 25 April 2022 for AED 770,000 (AED 558 per sqft).
  • Rented since July 2013 on 6 Ejari contracts, from AED 85,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2022 price is 7.1%, 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 26 April 2022.

Questions about 1702, Spring Tower

What did unit 1702 last sell for?

AED 770,000 on 25 April 2022: AED 558 per sqft for 1,378 sqft. The unit has 2 registered sales; the first was AED 1,512,704 in December 2011.

What is the rent for unit 1702?

AED 55,000 a year on the contract signed on 26 April 2022. The previous contract, from October 2019, was AED 75,000; the unit has been rented since July 2013.

How big is unit 1702?

1,378 sqft (128.0 sqm): a two-bedroom apartment on the 17th floor of a 25-storey tower.

What is unit 1702 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 1702, Spring Tower

Starts from the last sale price (AED 770K, 25 April 2022). Switch to today's estimate once you have unlocked it.
Price
AED 770,000
Deposit, UAE resident (20%)
AED 154,000
Deposit, non-resident (40%)
AED 308,000
Monthly over 25 years at 3.7%
AED 3,150

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