2-bed · 1,266 sqftSpring Tower, Dubai Silicon Oasis · 23rd floor

2301, Spring Tower

Sold prices and rental history: sold 3 times, last in August 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2301 · DLD and Ejari recordsUpdated 23 August 2024
Last soldAED 1.1M23 August 2024
Current rentAED 68K /yr12 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2301, Spring Tower

What is 2301 worth today?

Last sold for AED 1,100,000 in 2024

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23 Aug 2024SoldReady
AED 1,100,000AED 868 per sqft
12 Sep 2022RentedNew contract
AED 68,000/yr12 months · AED 54 per sqft
10 Aug 2021RentedRenewal
AED 58,000/yr12 months · AED 46 per sqft
10 Aug 2020RentedRenewal
AED 70,000/yr12 months · AED 56 per sqft
6 Nov 2019SoldReady
AED 1,413,392AED 1,115 per sqft
10 Aug 2019RentedNew contract
AED 75,000/yr12 months · AED 59 per sqft
10 Aug 2019RentedRenewal
AED 83,000/yr12 months · AED 65 per sqft
10 Aug 2018RentedRenewal
AED 83,000/yr12 months · AED 65 per sqft

Source: Dubai Land Department. Updated 23 August 2024.

Key facts

Type
2-bed apartment
Size
1,266 sqft
Floor
23rd of 25
Parking
P5 99
Service charge
AED 19,600 /yr
Last sold
AED 1.1M · August 2024
Building
Spring Tower

About 2301, Spring Tower

2301 is a two-bedroom apartment of 1,266 sqft on the 23rd floor of Spring Tower, a 25-storey tower in Dubai Silicon Oasis. It last sold on 23 August 2024 for AED 1,100,000, or AED 868 per sqft, 22% above the AED 713 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, signed on 12 September 2022, is AED 68,000 a year: a gross yield of 6.2% on the 2024 price, before the service charge of about AED 19,600 a year.

Sales and rents for 2301 over time

Sales
Unit 2301, 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, August 2010: AED 1,413,392 (AED 1,115 per sqft)Sold, November 2019: AED 1,413,392 (AED 1,115 per sqft)Sold, August 2024: AED 1,100,000 (AED 868 per sqft)

2301 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2301, 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, August 2015: AED 105,000 a yearNew contract, August 2017: AED 90,000 a yearRenewal, August 2018: AED 83,000 a yearNew contract, August 2019: AED 75,000 a yearRenewal, August 2019: AED 83,000 a yearRenewal, August 2020: AED 70,000 a yearRenewal, August 2021: AED 58,000 a yearNew contract, September 2022: AED 68,000 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 2301 sits

All 85 2-beds →

2301 last sold in August 2024 at AED 868 per sqft, 22% above what two-beds in Spring Tower were fetching at the time (AED 713). 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. 2301's AED 68,000 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 23rd floor

All 413 units in Spring Tower
Value
23022-bedAED 1.05M · Oct 2024
23031-bedAED 750K · May 2014
23042-bedAED 1.22M · Feb 2014
23061-bedAED 720K · Apr 2025
23071-bedAED 854K · Sep 2013
23081-bedAED 854K · Sep 2013
23091-bedAED 1.07M · Sep 2013
1–7 of 12

2301, Spring Tower in numbers

  • Sold 3 times: first on 23 August 2010 for AED 1,413,392, last on 23 August 2024 for AED 1,100,000 (AED 868 per sqft).
  • Rented since August 2015 on 8 Ejari contracts. The rent fell from AED 105,000 to AED 58,000 in 2021 and recovered to AED 68,000 by September 2022.
  • At AED 68,000 a year the gross yield on the 2024 price is 6.2%, before a service charge of about AED 19,600 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 23 August 2024.

Questions about 2301, Spring Tower

What did unit 2301 last sell for?

AED 1,100,000 on 23 August 2024: AED 868 per sqft for 1,266 sqft. The unit has 3 registered sales; the first was AED 1,413,392 in August 2010.

What is the rent for unit 2301?

AED 68,000 a year on the contract signed on 12 September 2022. The previous contract, from August 2021, was AED 58,000; the unit has been rented since August 2015.

How big is unit 2301?

1,266 sqft (117.6 sqm): a two-bedroom apartment on the 23rd floor of a 25-storey tower.

What is unit 2301 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 2301, Spring Tower

Starts from the last sale price (AED 1.1M, 23 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

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