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2-bed · 1,310 sqftSpring Tower, Dubai Silicon Oasis · 24th floor

2404, Spring Tower

Sold prices and rental history: sold twice, last in March 2021, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2404 · DLD and Ejari recordsUpdated 10 March 2021
Last soldAED 755K10 March 2021
Current rentAED 60K /yr1 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2404, Spring Tower

What is 2404 worth today?

Last sold for AED 755,000 in 2021

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10 Mar 2021SoldReady
AED 755,000AED 576 per sqft
1 Oct 2020RentedRenewal
AED 60,000/yr12 months · AED 46 per sqft
1 Oct 2019RentedNew contract
AED 70,000/yr12 months · AED 53 per sqft
13 May 2018RentedNew contract
AED 82,000/yr12 months · AED 62 per sqft
7 May 2014RentedNew contract
AED 98,000/yr12 months · AED 75 per sqft
1 Jun 2013RentedNew contract
AED 65,000/yr12 months · AED 49 per sqft
1 Jun 2012RentedNew contract
AED 65,000/yr12 months · AED 49 per sqft
7 Jun 2011Sold by developerReady
AED 1,466,080AED 1,118 per sqft

Source: Dubai Land Department. Updated 10 March 2021.

Key facts

Type
2-bed apartment
Size
1,310 sqft
Floor
24th of 25
Parking
P6 68
Service charge
AED 20,200 /yr
Last sold
AED 755K · March 2021
Building
Spring Tower

About 2404, Spring Tower

2404 is a two-bedroom apartment of 1,310 sqft on the 24th floor of Spring Tower, a 25-storey tower in Dubai Silicon Oasis. It last sold on 10 March 2021 for AED 755,000, or AED 576 per sqft.

It has been rented continuously since 2012 on 6 Ejari contracts. The current contract, renewed on 1 October 2020, is AED 60,000 a year: a gross yield of 8.0% on the 2021 price, before the service charge of about AED 20,200 a year.

Sales and rents for 2404 over time

Sales
Unit 2404, 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, June 2011: AED 1,466,080 (AED 1,118 per sqft)Sold, March 2021: AED 755,000 (AED 576 per sqft)

2404 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2404, 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, June 2012: AED 65,000 a yearNew contract, June 2013: AED 65,000 a yearNew contract, May 2014: AED 98,000 a yearNew contract, May 2018: AED 82,000 a yearNew contract, October 2019: AED 70,000 a yearRenewal, October 2020: AED 60,000 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 2404 sits

All 85 2-beds →

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. 2404's AED 60,000 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 24th floor

All 413 units in Spring Tower
Value
24022-bedAED 1.61M · Dec 2011
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

2404, Spring Tower in numbers

  • Sold twice: first on 7 June 2011 for AED 1,466,080, last on 10 March 2021 for AED 755,000 (AED 576 per sqft).
  • Rented since June 2012 on 6 Ejari contracts, from AED 65,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2021 price is 8.0%, before a service charge of about AED 20,200 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 10 March 2021.

Questions about 2404, Spring Tower

What did unit 2404 last sell for?

AED 755,000 on 10 March 2021: AED 576 per sqft for 1,310 sqft. The unit has 2 registered sales; the first was AED 1,466,080 in June 2011.

What is the rent for unit 2404?

AED 60,000 a year on the contract renewed on 1 October 2020. The previous contract, from October 2019, was AED 70,000; the unit has been rented since June 2012.

How big is unit 2404?

1,310 sqft (121.7 sqm): a two-bedroom apartment on the 24th floor of a 25-storey tower.

What is unit 2404 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 2404, Spring Tower

Starts from the last sale price (AED 755K, 10 March 2021). Switch to today's estimate once you have unlocked it.
Price
AED 755,000
Deposit, UAE resident (20%)
AED 151,000
Deposit, non-resident (40%)
AED 302,000
Monthly over 25 years at 3.7%
AED 3,089

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