2016, Spring Tower
Sold prices and rental history: sold twice, last in July 2022, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2016, Spring Tower
What is 2016 worth today?
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Source: Dubai Land Department. Updated 28 July 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,209 sqft
- Floor
- 20th of 25
- Parking
- P4 20
- Service charge
- AED 18,700 /yr
- Last sold
- AED 750K · July 2022
- Building
- Spring Tower
About 2016, Spring Tower
2016 is a two-bedroom apartment of 1,209 sqft on the 20th floor of Spring Tower, a 25-storey tower in Dubai Silicon Oasis. It last sold on 28 July 2022 for AED 750,000, or AED 620 per sqft, 11% above the AED 558 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, renewed on 20 April 2021, is AED 50,000 a year: a gross yield of 6.7% on the 2022 price, before the service charge of about AED 18,700 a year.
Sales and rents for 2016 over time
2016 has sold twice; the dashed line is the two-bed median of each year in the building.
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 2016 sits
All 85 2-beds →2016 last sold in July 2022 at AED 620 per sqft, 11% above what two-beds in Spring Tower were fetching at the time (AED 558). 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. 2016's AED 50,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Jul 20269 July 2026 | 1,209 sqft | 1,100,000 | 910 | ||
| 6 Jul 20266 July 2026 | 1,296 sqft | 948,830 | 732 | ||
| 2 Apr 20262 April 2026 | 1,281 sqft | 1,150,000 | 897 | ||
| 21 Nov 202521 November 2025 | 1,626 sqft | 1,340,000 | 824 |
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 20th floor
All 413 units in Spring Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2001 | 2-bed | 1,209 sqft | AED 835KAED 835,000 · Aug 2013August 2013 | 66,625 /yr | |
| 2002 | 2-bed | 1,378 sqft | AED 1.05MAED 1,050,000 · Nov 2024November 2024 | 64,000 /yr | |
| 2003 | Studio | 516 sqft | AED 407KAED 407,000 · Aug 2025August 2025 | 50,000 /yr | |
| 2004 | 2-bed | 1,281 sqft | AED 1.1MAED 1,100,000 · Jul 2025July 2025 | 100,000 /yr | |
| 2005 | 1-bed | 698 sqft | AED 380KAED 380,000 · Sep 2021September 2021 | 54,000 /yr | |
| 2006 | 1-bed | 851 sqft | AED 510KAED 510,000 · Aug 2023August 2023 | 38,000 /yr | |
| 2007 | 1-bed | 861 sqft | AED 560KAED 560,000 · Jun 2023June 2023 | 70,000 /yr | |
| 2008 | 1-bed | 828 sqft | AED 740KAED 740,000 · Oct 2025October 2025 | 54,000 /yr | |
| 2009 | 1-bed | 828 sqft | AED 916KAED 916,474 · Jun 2011June 2011 | 42,505 /yr | |
| 2010 | 1-bed | 961 sqft | AED 1.06MAED 1,063,495 · Aug 2010August 2010 | 42,000 /yr | |
| 2011 | 1-bed | 851 sqft | AED 644KAED 644,160 · Sep 2016September 2016 | 60,000 /yr | |
| 2012 | 1-bed | 698 sqft | AED 460KAED 460,000 · Jul 2023July 2023 | 48,500 /yr | |
| 2013 | 2-bed | 1,281 sqft | AED 870KAED 869,880 · Sep 2016September 2016 | 90,000 /yr | |
| 2014 | Studio | 516 sqft | AED 571KAED 570,991 · Nov 2010November 2010 | 30,000 /yr | |
| 2015 | 2-bed | 696 sqft | AED 1.5MAED 1,499,260 · Sep 2014September 2014 | 69,000 /yr |
2016, Spring Tower in numbers
- Sold twice: first on 9 November 2010 for AED 1,338,031, last on 28 July 2022 for AED 750,000 (AED 620 per sqft).
- Rented since April 2017 on 5 Ejari contracts, from AED 83,000 to AED 50,000 a year.
- At AED 50,000 a year the gross yield on the 2022 price is 6.7%, 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 28 July 2022.
Questions about 2016, Spring Tower
What did unit 2016 last sell for?
AED 750,000 on 28 July 2022: AED 620 per sqft for 1,209 sqft. The unit has 2 registered sales; the first was AED 1,338,031 in November 2010.
What is the rent for unit 2016?
AED 50,000 a year on the contract renewed on 20 April 2021. The previous contract, from April 2020, was AED 50,000; the unit has been rented since April 2017.
How big is unit 2016?
1,209 sqft (112.3 sqm): a two-bedroom apartment on the 20th floor of a 25-storey tower.
What is unit 2016 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 2016, Spring Tower
Starts from the last sale price (AED 750K, 28 July 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 750,000
- Deposit, UAE resident (20%)
- AED 150,000
- Deposit, non-resident (40%)
- AED 300,000
- Monthly over 25 years at 3.7%
- AED 3,068
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →