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1-bed · 1,094 sqftSpring Tower, Dubai Silicon Oasis · 4th floor

408, Spring Tower

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

Unit 408 · DLD and Ejari recordsUpdated 29 May 2016
Last soldAED 923K29 May 2016
Current rentAED 48K /yr6 March 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 408, Spring Tower

What is 408 worth today?

Last sold for AED 923,076 in 2016

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29 May 2016Sold by developerReady
AED 923,076AED 843 per sqft
6 Mar 2015RentedRenewal
AED 48,400/yr12 months · AED 44 per sqft
6 Mar 2014RentedNew contract
AED 44,000/yr12 months · AED 40 per sqft

Source: Dubai Land Department. Updated 29 May 2016.

Key facts

Type
1-bed apartment
Size
1,094 sqft
Floor
4th of 25
Parking
P4 79
Service charge
AED 16,900 /yr
Last sold
AED 923K · May 2016
Building
Spring Tower

About 408, Spring Tower

408 is a one-bedroom apartment of 1,094 sqft on the 4th floor of Spring Tower, a 25-storey tower in Dubai Silicon Oasis. The developer sold it on 29 May 2016 for AED 923,076, or AED 843 per sqft, 16% below the AED 1,003 one-beds in the building were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, renewed on 6 March 2015, is AED 48,400 a year: a gross yield of 5.2% on the 2016 price, before the service charge of about AED 16,900 a year.

Sales and rents for 408 over time

Sales
Unit 408, each saleTypical one-bed in Spring Tower
500K750K1M2010201520202025Typical sale price by year: 2010 AED 934,677; 2011 AED 936,751; 2012 AED 447,148; 2013 AED 549,190; 2014 AED 762,336; 2015 AED 820,000; 2016 AED 816,265; 2017 AED 675,000; 2018 AED 655,000; 2019 AED 610,000; 2020 AED 395,000; 2021 AED 400,000; 2022 AED 440,000; 2023 AED 540,000; 2024 AED 580,000; 2025 AED 750,000; 2026 AED 715,000Sold by developer, May 2016: AED 923,076 (AED 843 per sqft)

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

Rents
Unit 408, each contractTypical one-bed in Spring Tower
40K60K20112015201920232027Typical rent by year: 2011 AED 42,000; 2012 AED 41,000; 2013 AED 43,525; 2014 AED 51,000; 2015 AED 65,000; 2016 AED 65,000; 2017 AED 60,000; 2018 AED 54,000; 2019 AED 48,000; 2020 AED 40,000; 2021 AED 36,000; 2022 AED 38,500; 2023 AED 43,275; 2024 AED 46,000; 2025 AED 50,000; 2026 AED 54,250New contract, March 2014: AED 44,000 a yearRenewal, March 2015: AED 48,400 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Spring Tower, and where 408 sits

All 173 1-beds →

408 last sold in May 2016 at AED 843 per sqft, 16% below what one-beds in Spring Tower were fetching at the time (AED 1,003). Over the last 12 months one-beds sold for AED 710,000 to 850,000, around AED 878 per sqft, and rent for AED 42,000 to 80,000 a year. 408's AED 48,400 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
25 Aug 2026825,000
24 Apr 2026850,000
16 Mar 2026710,000
9 Feb 2026755,000
11 1-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 4th floor

All 413 units in Spring Tower
Value
4011-bedAED 700K · Jun 2016
403StudioAED 375K · Nov 2023
404StudioAED 500K · Jul 2015
405StudioAED 278K · Apr 2014
406StudioAED 530K · Mar 2014
407StudioAED 550K · Apr 2025
409StudioAED 704K · May 2016
1–7 of 23

408, Spring Tower in numbers

  • Sold once: by the developer on 29 May 2016 for AED 923,076, or AED 843 per sqft.
  • Rented since March 2014 on 2 Ejari contracts, from AED 44,000 to AED 48,400 a year.
  • At AED 48,400 a year the gross yield on the 2016 price is 5.2%, before a service charge of about AED 16,900 a year (AED 15.45 per sqft).
  • One-beds in Spring Tower sold for AED 710,000–850,000 in the 12 months to November 2026; the building's median across all types is AED 878 per sqft.

Source: Dubai Land Department. Updated 29 May 2016.

Questions about 408, Spring Tower

What did unit 408 last sell for?

AED 923,076 on 29 May 2016, sold by the developer: AED 843 per sqft for 1,094 sqft. It is the only registered sale of the unit.

What is the rent for unit 408?

AED 48,400 a year on the contract renewed on 6 March 2015. The previous contract, from March 2014, was AED 44,000.

How big is unit 408?

1,094 sqft (101.6 sqm): a one-bedroom apartment on the 4th floor of a 25-storey tower.

What is unit 408 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Spring Tower sold for AED 710,000 to 850,000 in the last 12 months, around AED 878 per sqft.

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Mortgage on 408, Spring Tower

Starts from the last sale price (AED 923K, 29 May 2016). Switch to today's estimate once you have unlocked it.
Price
AED 923,076
Deposit, UAE resident (20%)
AED 184,615
Deposit, non-resident (40%)
AED 369,230
Monthly over 25 years at 3.7%
AED 3,777

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