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Studio · 460 sqftSpring Tower, Dubai Silicon Oasis · 4th floor

428, Spring Tower

Sold prices and rental history: sold 3 times, last in October 2021, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 428 · DLD and Ejari recordsUpdated 15 January 2023
Last soldAED 315K17 October 2021
Current rentAED 34K /yr15 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 428, Spring Tower

What is 428 worth today?

Last sold for AED 315,000 in 2021

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15 Jan 2023RentedNew contract
AED 34,000/yr12 months · AED 73 per sqft
17 Oct 2021SoldReady
AED 315,000AED 684 per sqft
2 Jan 2021RentedNew contract
AED 30,000/yr12 months · AED 65 per sqft
8 Sep 2019RentedNew contract
AED 37,000/yr12 months · AED 80 per sqft
7 Jan 2016SoldReady
AED 500,000AED 1,086 per sqft
1 May 2014RentedNew contract
AED 42,000/yr12 months · AED 91 per sqft
9 Feb 2011Sold by developerReady
AED 487,362AED 1,059 per sqft

Source: Dubai Land Department. Updated 15 January 2023.

Key facts

Type
Studio apartment
Size
460 sqft
Floor
4th of 25
Parking
P4 47
Service charge
AED 7,100 /yr
Last sold
AED 315K · October 2021
Building
Spring Tower

About 428, Spring Tower

428 is a studio of 460 sqft on the 4th floor of Spring Tower, a 25-storey tower in Dubai Silicon Oasis. It last sold on 17 October 2021 for AED 315,000, or AED 684 per sqft, 27% above the AED 538 studios in the building were fetching at the time.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, signed on 15 January 2023, is AED 34,000 a year: a gross yield of 10.8% on the 2021 price, before the service charge of about AED 7,100 a year.

Sales and rents for 428 over time

Sales
Unit 428, 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, February 2011: AED 487,362 (AED 1,059 per sqft)Sold, January 2016: AED 500,000 (AED 1,086 per sqft)Sold, October 2021: AED 315,000 (AED 684 per sqft)

428 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 428, each contractTypical studio in Spring Tower
40K20112015201920232027Typical 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, May 2014: AED 42,000 a yearNew contract, September 2019: AED 37,000 a yearNew contract, January 2021: AED 30,000 a yearNew contract, January 2023: AED 34,000 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 428 sits

All 139 studios →

428 last sold in October 2021 at AED 684 per sqft, 27% above what studios in Spring Tower were fetching at the time (AED 538). 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. 428's AED 34,000 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 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

428, Spring Tower in numbers

  • Sold 3 times: first on 9 February 2011 for AED 487,362, last on 17 October 2021 for AED 315,000 (AED 684 per sqft).
  • Rented since May 2014 on 4 Ejari contracts. The rent fell from AED 42,000 to AED 30,000 in 2021 and recovered to AED 34,000 by January 2023.
  • At AED 34,000 a year the gross yield on the 2021 price is 10.8%, before a service charge of about AED 7,100 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 15 January 2023.

Questions about 428, Spring Tower

What did unit 428 last sell for?

AED 315,000 on 17 October 2021: AED 684 per sqft for 460 sqft. The unit has 3 registered sales; the first was AED 487,362 in February 2011.

What is the rent for unit 428?

AED 34,000 a year on the contract signed on 15 January 2023. The previous contract, from January 2021, was AED 30,000; the unit has been rented since May 2014.

How big is unit 428?

460 sqft (42.7 sqm): a studio on the 4th floor of a 25-storey tower.

What is unit 428 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 428, Spring Tower

Starts from the last sale price (AED 315K, 17 October 2021). Switch to today's estimate once you have unlocked it.
Price
AED 315,000
Deposit, UAE resident (20%)
AED 63,000
Deposit, non-resident (40%)
AED 126,000
Monthly over 25 years at 3.7%
AED 1,289

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