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Studio · 360 sqftSpring Tower, Dubai Silicon Oasis · 3rd floor

315, Spring Tower

Sold prices and rental history: sold once, by the developer in December 2014, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 315 · DLD and Ejari recordsUpdated 1 November 2024
Last soldAED 380K29 December 2014
Current rentAED 38K /yr1 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 315, Spring Tower

What is 315 worth today?

Last sold for AED 380,192 in 2014

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1 Nov 2024RentedRenewal
AED 38,000/yr12 months · AED 107 per sqft
1 Nov 2023RentedNew contract
AED 35,000/yr12 months · AED 99 per sqft
6 Oct 2022RentedRenewal
AED 27,600/yr12 months · AED 78 per sqft
6 Oct 2021RentedRenewal
AED 24,000/yr12 months · AED 68 per sqft
6 Oct 2020RentedRenewal
AED 26,000/yr12 months · AED 73 per sqft
6 Oct 2019RentedRenewal
AED 30,000/yr12 months · AED 84 per sqft
6 Oct 2018RentedNew contract
AED 34,000/yr12 months · AED 96 per sqft
5 Aug 2016RentedNew contract
AED 45,000/yr12 months · AED 127 per sqft

Source: Dubai Land Department. Updated 1 November 2024.

Key facts

Type
Studio apartment
Size
360 sqft
Floor
3rd of 25
Parking
P3 89
Service charge
AED 5,600 /yr
Last sold
AED 380K · December 2014
Building
Spring Tower

About 315, Spring Tower

315 is a studio of 360 sqft on the 3rd floor of Spring Tower, a 25-storey tower in Dubai Silicon Oasis. The developer sold it on 29 December 2014 for AED 380,192, or AED 1,055 per sqft, 8% above the AED 981 studios in the building were fetching at the time.

It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, renewed on 1 November 2024, is AED 38,000 a year: a gross yield of 10.0% on the 2014 price, before the service charge of about AED 5,600 a year.

Sales and rents for 315 over time

Sales
Unit 315, each saleTypical studio in Spring Tower
400K600K2010201520202025Typical 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 by developer, December 2014: AED 380,192 (AED 1,055 per sqft)

315 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 315, each contractTypical studio in Spring Tower
20K40K20112015201920232027Typical 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, August 2016: AED 45,000 a yearNew contract, October 2018: AED 34,000 a yearRenewal, October 2019: AED 30,000 a yearRenewal, October 2020: AED 26,000 a yearRenewal, October 2021: AED 24,000 a yearRenewal, October 2022: AED 27,600 a yearNew contract, November 2023: AED 35,000 a yearRenewal, November 2024: AED 38,000 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 315 sits

All 139 studios →

315 last sold in December 2014 at AED 1,055 per sqft, 8% above what studios in Spring Tower were fetching at the time (AED 981). 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. 315's AED 38,000 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 3rd floor

All 413 units in Spring Tower
Value
3011-bedAED 425K · May 2014
3022-bedAED 1.14M · Jan 2016
303StudioAED 255K · Oct 2020
304StudioAED 480K · Aug 2024
305StudioAED 352K · Oct 2024
306StudioAED 146K · Nov 2023
307StudioAED 803K · Jun 2016
1–7 of 27

315, Spring Tower in numbers

  • Sold once: by the developer on 29 December 2014 for AED 380,192, or AED 1,055 per sqft.
  • Rented since August 2016 on 8 Ejari contracts. The rent fell from AED 45,000 to AED 24,000 in 2021 and recovered to AED 38,000 by November 2024.
  • At AED 38,000 a year the gross yield on the 2014 price is 10.0%, before a service charge of about AED 5,600 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 November 2024.

Questions about 315, Spring Tower

What did unit 315 last sell for?

AED 380,192 on 29 December 2014, sold by the developer: AED 1,055 per sqft for 360 sqft. It is the only registered sale of the unit.

What is the rent for unit 315?

AED 38,000 a year on the contract renewed on 1 November 2024. The previous contract, from November 2023, was AED 35,000; the unit has been rented since August 2016.

How big is unit 315?

360 sqft (33.4 sqm): a studio on the 3rd floor of a 25-storey tower.

What is unit 315 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 315, Spring Tower

Starts from the last sale price (AED 380K, 29 December 2014). Switch to today's estimate once you have unlocked it.
Price
AED 380,192
Deposit, UAE resident (20%)
AED 76,038
Deposit, non-resident (40%)
AED 152,077
Monthly over 25 years at 3.7%
AED 1,555

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