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2-bed · 1,435 sqftSpring Tower, Dubai Silicon Oasis · 24th floor

2402, Spring Tower

Sold prices and rental history: sold once, by the developer in December 2011, and rented once, from April 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2402 · DLD and Ejari recordsUpdated 1 April 2013
Last soldAED 1.61M13 December 2011
Current rentAED 55K /yr1 April 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2402, Spring Tower

What is 2402 worth today?

Last sold for AED 1,606,291 in 2011

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1 Apr 2013RentedNew contract
AED 54,696/yr12 months · AED 38 per sqft
13 Dec 2011Sold by developerReady
AED 1,606,291AED 1,118 per sqft

Source: Dubai Land Department. Updated 1 April 2013.

Key facts

Type
2-bed apartment
Size
1,435 sqft
Floor
24th of 25
Parking
P6 100
Service charge
AED 22,200 /yr
Last sold
AED 1.61M · December 2011
Building
Spring Tower

About 2402, Spring Tower

2402 is a two-bedroom apartment of 1,435 sqft on the 24th floor of Spring Tower, a 25-storey tower in Dubai Silicon Oasis. The developer sold it on 13 December 2011 for AED 1,606,291, or AED 1,118 per sqft, in line with the AED 1,095 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 April 2013. The current contract, signed on 1 April 2013, is AED 54,696 a year: a gross yield of 3.4% on the 2011 price, before the service charge of about AED 22,200 a year.

Sales and rents for 2402 over time

Sales
Unit 2402, 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 1,606,291 (AED 1,118 per sqft)

2402 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2402, 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, April 2013: AED 54,696 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 2402 sits

All 85 2-beds →

2402 last sold in December 2011 at AED 1,118 per sqft, in line with what two-beds in Spring Tower were fetching at the time (AED 1,095). 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. 2402's AED 54,696 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 24th floor

All 413 units in Spring Tower
Value
24042-bedAED 755K · Mar 2021
24061-bedAED 715K · Sep 2018
24071-bedAED 600K · Jan 2023
24091-bedAED 480K · Jun 2013
24112-bedAED 1.05M · Mar 2024
24132-bedAED 945K · Sep 2023
24142-bedAED 729K · Dec 2018

2402, Spring Tower in numbers

  • Sold once: by the developer on 13 December 2011 for AED 1,606,291, or AED 1,118 per sqft.
  • Rented since April 2013 on one Ejari contract, at AED 54,696 a year.
  • At AED 54,696 a year the gross yield on the 2011 price is 3.4%, before a service charge of about AED 22,200 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 1 April 2013.

Questions about 2402, Spring Tower

What did unit 2402 last sell for?

AED 1,606,291 on 13 December 2011, sold by the developer: AED 1,118 per sqft for 1,435 sqft. It is the only registered sale of the unit.

What is the rent for unit 2402?

AED 54,696 a year on the contract signed on 1 April 2013.

How big is unit 2402?

1,435 sqft (133.3 sqm): a two-bedroom apartment on the 24th floor of a 25-storey tower.

What is unit 2402 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 2402, Spring Tower

Starts from the last sale price (AED 1.61M, 13 December 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,606,291
Deposit, UAE resident (20%)
AED 321,258
Deposit, non-resident (40%)
AED 642,516
Monthly over 25 years at 3.7%
AED 6,572

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