Studio · 516 sqftSpring Tower, Dubai Silicon Oasis · 18th floor

1803, Spring Tower

Sold prices and rental history: sold 4 times, last in January 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1803 · DLD and Ejari recordsUpdated 1 October 2023
Last soldAED 350K19 January 2023
Current rentAED 35K /yr1 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1803, Spring Tower

What is 1803 worth today?

Last sold for AED 350,000 in 2023

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1 Oct 2023RentedNew contract
AED 35,000/yr12 months · AED 68 per sqft
19 Jan 2023SoldReady
AED 350,000AED 678 per sqft
25 Dec 2021RentedNew contract
AED 28,000/yr12 months · AED 54 per sqft
10 Oct 2019RentedNew contract
AED 34,000/yr12 months · AED 66 per sqft
21 Oct 2018SoldReady
AED 175,000AED 678 per sqft
15 Aug 2018RentedNew contract
AED 40,000/yr12 months · AED 77 per sqft
3 Jul 2018RentedNew contract
AED 40,000/yr12 months · AED 77 per sqft
21 Dec 2011SoldReady
AED 305,000AED 591 per sqft

Source: Dubai Land Department. Updated 1 October 2023.

Key facts

Type
Studio apartment
Size
516 sqft
Floor
18th of 25
Parking
P6 97
Service charge
AED 8,000 /yr
Last sold
AED 350K · January 2023
Building
Spring Tower

About 1803, Spring Tower

1803 is a studio of 516 sqft on the 18th floor of Spring Tower, a 25-storey tower in Dubai Silicon Oasis. It last sold on 19 January 2023 for AED 350,000, or AED 678 per sqft, in line with the AED 675 studios in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 1 October 2023, is AED 35,000 a year: a gross yield of 10.0% on the 2023 price, before the service charge of about AED 8,000 a year.

Sales and rents for 1803 over time

Sales
Unit 1803, each saleTypical studio in Spring Tower
200K400K600K2010201520202025Typical 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, December 2011: AED 305,000 (AED 591 per sqft)Sold by developer, December 2011: AED 567,896 (AED 1,100 per sqft)Sold, October 2018: AED 175,000 (AED 678 per sqft)Sold, January 2023: AED 350,000 (AED 678 per sqft)

1803 has sold 4 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1803, 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, July 2018: AED 40,000 a yearNew contract, August 2018: AED 40,000 a yearNew contract, October 2019: AED 34,000 a yearNew contract, December 2021: AED 28,000 a yearNew contract, October 2023: AED 35,000 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 1803 sits

All 139 studios →

1803 last sold in January 2023 at AED 678 per sqft, in line with 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. 1803's AED 35,000 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 18th floor

All 413 units in Spring Tower
Value
18012-bedAED 907K · Aug 2013
18022-bedAED 1.1M · Dec 2024
18061-bedAED 490K · Oct 2023
18071-bedAED 400K · Sep 2020
18091-bedAED 715K · Jan 2026
18111-bedAED 842K · Jun 2011
18121-bedAED 400K · Nov 2021
1–7 of 11

1803, Spring Tower in numbers

  • Sold 4 times: first on 5 December 2011 for AED 567,896, last on 19 January 2023 for AED 350,000 (AED 678 per sqft).
  • Rented since July 2018 on 5 Ejari contracts. The rent fell from AED 40,000 to AED 28,000 in 2021 and recovered to AED 35,000 by October 2023.
  • At AED 35,000 a year the gross yield on the 2023 price is 10.0%, 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 2023.

Questions about 1803, Spring Tower

What did unit 1803 last sell for?

AED 350,000 on 19 January 2023: AED 678 per sqft for 516 sqft. The unit has 4 registered sales; the first was AED 567,896 in December 2011.

What is the rent for unit 1803?

AED 35,000 a year on the contract signed on 1 October 2023. The previous contract, from December 2021, was AED 28,000; the unit has been rented since July 2018.

How big is unit 1803?

516 sqft (47.9 sqm): a studio on the 18th floor of a 25-storey tower.

What is unit 1803 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 1803, Spring Tower

Starts from the last sale price (AED 350K, 19 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 350,000
Deposit, UAE resident (20%)
AED 70,000
Deposit, non-resident (40%)
AED 140,000
Monthly over 25 years at 3.7%
AED 1,432

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