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Studio · 360 sqftSpring Tower, Dubai Silicon Oasis · 5th floor

515, Spring Tower

Sold prices and rental history: sold 3 times, last in November 2015, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 515 · DLD and Ejari recordsUpdated 12 September 2026
Last soldAED 480K9 November 2015
Current rentAED 38K /yr12 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 515, Spring Tower

What is 515 worth today?

Last sold for AED 480,000 in 2015

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12 Sep 2026RentedRenewal
AED 38,000/yr12 months · AED 107 per sqft
12 Sep 2025RentedRenewal
AED 38,000/yr12 months · AED 107 per sqft
12 Sep 2024RentedRenewal
AED 30,613/yr12 months · AED 86 per sqft
12 Sep 2023RentedRenewal
AED 27,830/yr12 months · AED 78 per sqft
12 Sep 2022RentedNew contract
AED 24,200/yr12 months · AED 68 per sqft
12 Sep 2020RentedNew contract
AED 22,000/yr12 months · AED 62 per sqft
6 May 2018RentedNew contract
AED 32,000/yr12 months · AED 90 per sqft
9 Nov 2015SoldReady
AED 480,000AED 1,333 per sqft

Source: Dubai Land Department. Updated 12 September 2026.

Key facts

Type
Studio apartment
Size
360 sqft
Floor
5th of 25
Parking
P5 38
Service charge
AED 5,600 /yr
Last sold
AED 480K · November 2015
Building
Spring Tower

About 515, Spring Tower

515 is a studio of 360 sqft on the 5th floor of Spring Tower, a 25-storey tower in Dubai Silicon Oasis. It last sold on 9 November 2015 for AED 480,000, or AED 1,333 per sqft, 30% above the AED 1,026 studios in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 12 September 2026, is AED 38,000 a year: a gross yield of 7.9% on the 2015 price, before the service charge of about AED 5,600 a year.

Sales and rents for 515 over time

Sales
Unit 515, 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, November 2010: AED 382,352 (AED 1,061 per sqft)Sold, October 2015: AED 385,000 (AED 1,069 per sqft)Sold, November 2015: AED 480,000 (AED 1,333 per sqft)

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

Rents
Unit 515, each contractTypical studio in Spring Tower
20K40K2011201620212026Typical 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, September 2014: AED 31,500 a yearNew contract, May 2018: AED 32,000 a yearNew contract, September 2020: AED 22,000 a yearNew contract, September 2022: AED 24,200 a yearRenewal, September 2023: AED 27,830 a yearRenewal, September 2024: AED 30,613 a yearRenewal, September 2025: AED 38,000 a yearRenewal, September 2026: 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 515 sits

All 139 studios →

515 last sold in November 2015 at AED 1,333 per sqft, 30% above what studios in Spring Tower were fetching at the time (AED 1,026). 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. 515'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 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
506StudioAED 270K · Jun 2020
5081-bedAED 548K · Aug 2013
1–7 of 26

515, Spring Tower in numbers

  • Sold 3 times: first on 9 November 2010 for AED 382,352, last on 9 November 2015 for AED 480,000 (AED 1,333 per sqft).
  • Rented since September 2014 on 8 Ejari contracts. The rent fell from AED 31,500 to AED 22,000 in 2020 and recovered to AED 38,000 by September 2026.
  • At AED 38,000 a year the gross yield on the 2015 price is 7.9%, 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 12 September 2026.

Questions about 515, Spring Tower

What did unit 515 last sell for?

AED 480,000 on 9 November 2015: AED 1,333 per sqft for 360 sqft. The unit has 3 registered sales; the first was AED 382,352 in November 2010.

What is the rent for unit 515?

AED 38,000 a year on the contract renewed on 12 September 2026. The previous contract, from September 2025, was AED 38,000; the unit has been rented since September 2014.

How big is unit 515?

360 sqft (33.4 sqm): a studio on the 5th floor of a 25-storey tower.

What is unit 515 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 515, Spring Tower

Starts from the last sale price (AED 480K, 9 November 2015). Switch to today's estimate once you have unlocked it.
Price
AED 480,000
Deposit, UAE resident (20%)
AED 96,000
Deposit, non-resident (40%)
AED 192,000
Monthly over 25 years at 3.7%
AED 1,964

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