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Studio · 244 sqftSpring Tower, Dubai Silicon Oasis · 5th floor

506, Spring Tower

Sold prices and rental history: sold 3 times, last in June 2020, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 506 · DLD and Ejari recordsUpdated 26 April 2026
Last soldAED 270K22 June 2020
Current rentAED 42K /yr26 April 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 506, Spring Tower

What is 506 worth today?

Last sold for AED 270,000 in 2020

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26 Apr 2026RentedRenewal
AED 42,000/yr12 months · AED 87 per sqft
26 Apr 2025RentedNew contract
AED 42,000/yr12 months · AED 87 per sqft
10 Oct 2024RentedRenewal
AED 38,000/yr6 months · AED 78 per sqft
10 Oct 2023RentedNew contract
AED 36,000/yr12 months · AED 74 per sqft
22 Jun 2020SoldReady
AED 270,000AED 1,106 per sqft
12 May 2018RentedNew contract
AED 35,000/yr12 months · AED 72 per sqft
5 Apr 2017RentedRenewal
AED 46,000/yr12 months · AED 95 per sqft
5 Apr 2016RentedNew contract
AED 48,000/yr12 months · AED 99 per sqft

Source: Dubai Land Department. Updated 26 April 2026.

Key facts

Type
Studio apartment
Size
244 sqft
Floor
5th of 25
Parking
P5 78
Service charge
AED 3,800 /yr
Last sold
AED 270K · June 2020
Building
Spring Tower

About 506, Spring Tower

506 is a studio of 244 sqft on the 5th floor of Spring Tower, a 25-storey tower in Dubai Silicon Oasis. It last sold on 22 June 2020 for AED 270,000, or AED 1,106 per sqft, 72% above the AED 642 studios in the building were fetching at the time.

It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, renewed on 26 April 2026, is AED 42,000 a year: a gross yield of 15.6% on the 2020 price, before the service charge of about AED 3,800 a year.

Sales and rents for 506 over time

Sales
Unit 506, 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, August 2013: AED 329,000 (AED 674 per sqft)Sold, March 2014: AED 500,000 (AED 1,024 per sqft)Sold, June 2020: AED 270,000 (AED 1,106 per sqft)

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

Rents
Unit 506, 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, April 2016: AED 48,000 a yearRenewal, April 2017: AED 46,000 a yearNew contract, May 2018: AED 35,000 a yearNew contract, October 2023: AED 36,000 a yearRenewal, October 2024: AED 38,000 a yearNew contract, April 2025: AED 42,000 a yearRenewal, April 2026: AED 42,000 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 506 sits

All 139 studios →

506 last sold in June 2020 at AED 1,106 per sqft, 72% above what studios in Spring Tower were fetching at the time (AED 642). 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. 506's AED 42,000 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 5th floor

All 413 units in Spring Tower
Value
5011-bedAED 1.03M · Mar 2011
5021-bedAED 680K · Oct 2023
503StudioAED 486K · Aug 2010
504StudioAED 600K · Jan 2017
505StudioAED 492K · Oct 2011
5081-bedAED 548K · Aug 2013
509StudioAED 555K · May 2026
1–7 of 26

506, Spring Tower in numbers

  • Sold 3 times: first on 19 August 2013 for AED 329,000, last on 22 June 2020 for AED 270,000 (AED 1,106 per sqft).
  • Rented since April 2016 on 7 Ejari contracts. The rent fell from AED 48,000 to AED 35,000 in 2018 and recovered to AED 42,000 by April 2026.
  • At AED 42,000 a year the gross yield on the 2020 price is 15.6%, before a service charge of about AED 3,800 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 26 April 2026.

Questions about 506, Spring Tower

What did unit 506 last sell for?

AED 270,000 on 22 June 2020: AED 1,106 per sqft for 244 sqft. The unit has 3 registered sales; the first was AED 329,000 in August 2013.

What is the rent for unit 506?

AED 42,000 a year on the contract renewed on 26 April 2026. The previous contract, from April 2025, was AED 42,000; the unit has been rented since April 2016.

How big is unit 506?

244 sqft (22.7 sqm): a studio on the 5th floor of a 25-storey tower.

What is unit 506 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 506, Spring Tower

Starts from the last sale price (AED 270K, 22 June 2020). Switch to today's estimate once you have unlocked it.
Price
AED 270,000
Deposit, UAE resident (20%)
AED 54,000
Deposit, non-resident (40%)
AED 108,000
Monthly over 25 years at 3.7%
AED 1,105

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