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Studio · 540 sqftSpring Tower, Dubai Silicon Oasis · 4th floor

409, Spring Tower

Sold prices and rental history: sold once, by the developer in May 2016, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 409 · DLD and Ejari recordsUpdated 10 September 2022
Last soldAED 704K1 May 2016
Current rentAED 27K /yr10 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 409, Spring Tower

What is 409 worth today?

Last sold for AED 703,544 in 2016

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10 Sep 2022RentedNew contract
AED 27,000/yr12 months · AED 50 per sqft
1 Sep 2020RentedNew contract
AED 22,000/yr12 months · AED 41 per sqft
2 Mar 2020RentedNew contract
AED 30,000/yr12 months · AED 56 per sqft
20 Jul 2018RentedNew contract
AED 37,000/yr12 months · AED 69 per sqft
1 Jun 2016RentedNew contract
AED 45,000/yr12 months · AED 84 per sqft
1 May 2016Sold by developerReady
AED 703,544AED 1,302 per sqft
11 May 2015RentedNew contract
AED 50,000/yr12 months · AED 93 per sqft
10 Mar 2014RentedRenewal
AED 32,000/yr12 months · AED 59 per sqft

Source: Dubai Land Department. Updated 10 September 2022.

Key facts

Type
Studio apartment
Size
540 sqft
Floor
4th of 25
Parking
P4 80
Service charge
AED 8,300 /yr
Last sold
AED 704K · May 2016
Building
Spring Tower

About 409, Spring Tower

409 is a studio of 540 sqft on the 4th floor of Spring Tower, a 25-storey tower in Dubai Silicon Oasis. The developer sold it on 1 May 2016 for AED 703,544, or AED 1,302 per sqft, 22% above the AED 1,069 studios in the building were fetching at the time.

It has been rented continuously since 2012 on 8 Ejari contracts. The current contract, signed on 10 September 2022, is AED 27,000 a year: a gross yield of 3.8% on the 2016 price, before the service charge of about AED 8,300 a year.

Sales and rents for 409 over time

Sales
Unit 409, each saleTypical studio in Spring Tower
200K400K600K2010201520202025Typical 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, May 2016: AED 703,544 (AED 1,302 per sqft)

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

Rents
Unit 409, 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, March 2012: AED 28,000 a yearRenewal, March 2014: AED 32,000 a yearNew contract, May 2015: AED 50,000 a yearNew contract, June 2016: AED 45,000 a yearNew contract, July 2018: AED 37,000 a yearNew contract, March 2020: AED 30,000 a yearNew contract, September 2020: AED 22,000 a yearNew contract, September 2022: AED 27,000 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 409 sits

All 139 studios →

409 last sold in May 2016 at AED 1,302 per sqft, 22% above what studios in Spring Tower were fetching at the time (AED 1,069). 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. 409's AED 27,000 is at the bottom 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 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
4081-bedAED 923K · May 2016
1–7 of 23

409, Spring Tower in numbers

  • Sold once: by the developer on 1 May 2016 for AED 703,544, or AED 1,302 per sqft.
  • Rented since March 2012 on 8 Ejari contracts. The rent fell from AED 28,000 to AED 22,000 in 2020 and recovered to AED 27,000 by September 2022.
  • At AED 27,000 a year the gross yield on the 2016 price is 3.8%, before a service charge of about AED 8,300 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 10 September 2022.

Questions about 409, Spring Tower

What did unit 409 last sell for?

AED 703,544 on 1 May 2016, sold by the developer: AED 1,302 per sqft for 540 sqft. It is the only registered sale of the unit.

What is the rent for unit 409?

AED 27,000 a year on the contract signed on 10 September 2022. The previous contract, from September 2020, was AED 22,000; the unit has been rented since March 2012.

How big is unit 409?

540 sqft (50.2 sqm): a studio on the 4th floor of a 25-storey tower.

What is unit 409 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 409, Spring Tower

Starts from the last sale price (AED 704K, 1 May 2016). Switch to today's estimate once you have unlocked it.
Price
AED 703,544
Deposit, UAE resident (20%)
AED 140,709
Deposit, non-resident (40%)
AED 281,418
Monthly over 25 years at 3.7%
AED 2,878

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