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Studio · 359 sqftSpring Tower, Dubai Silicon Oasis · 5th floor

516, Spring Tower

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

Unit 516 · DLD and Ejari recordsUpdated 22 August 2026
Last soldAED 200K11 April 2021
Current rentAED 37K /yr22 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 516, Spring Tower

What is 516 worth today?

Last sold for AED 200,000 in 2021

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22 Aug 2026RentedNew contract
AED 37,000/yr12 months · AED 104 per sqft
10 Jul 2025RentedNew contract
AED 40,000/yr12 months · AED 113 per sqft
30 May 2021RentedNew contract
AED 21,000/yr12 months · AED 59 per sqft
11 Apr 2021SoldReady
AED 200,000AED 556 per sqft
16 Sep 2019SoldReady
AED 230,917AED 642 per sqft
9 Nov 2010Sold by developerReady
AED 381,630AED 1,062 per sqft

Source: Dubai Land Department. Updated 22 August 2026.

Key facts

Type
Studio apartment
Size
359 sqft
Floor
5th of 25
Parking
P5 39
Service charge
AED 5,600 /yr
Last sold
AED 200K · April 2021
Building
Spring Tower

About 516, Spring Tower

516 is a studio of 359 sqft on the 5th floor of Spring Tower, a 25-storey tower in Dubai Silicon Oasis. It last sold on 11 April 2021 for AED 200,000, or AED 556 per sqft, 4% below the AED 581 studios in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 22 August 2026, is AED 37,000 a year: a gross yield of 18.5% on the 2021 price, before the service charge of about AED 5,600 a year.

Sales and rents for 516 over time

Sales
Unit 516, 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, November 2010: AED 381,630 (AED 1,062 per sqft)Sold, September 2019: AED 230,917 (AED 642 per sqft)Sold, April 2021: AED 200,000 (AED 556 per sqft)

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

Rents
Unit 516, 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, May 2021: AED 21,000 a yearNew contract, July 2025: AED 40,000 a yearNew contract, August 2026: AED 37,000 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 516 sits

All 139 studios →

516 last sold in April 2021 at AED 556 per sqft, 4% below what studios in Spring Tower were fetching at the time (AED 581). 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. 516's AED 37,000 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

516, Spring Tower in numbers

  • Sold 3 times: first on 9 November 2010 for AED 381,630, last on 11 April 2021 for AED 200,000 (AED 556 per sqft).
  • Rented since May 2021 on 3 Ejari contracts, from AED 21,000 to AED 37,000 a year.
  • At AED 37,000 a year the gross yield on the 2021 price is 18.5%, 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 22 August 2026.

Questions about 516, Spring Tower

What did unit 516 last sell for?

AED 200,000 on 11 April 2021: AED 556 per sqft for 359 sqft. The unit has 3 registered sales; the first was AED 381,630 in November 2010.

What is the rent for unit 516?

AED 37,000 a year on the contract signed on 22 August 2026. The previous contract, from July 2025, was AED 40,000; the unit has been rented since May 2021.

How big is unit 516?

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

What is unit 516 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 516, Spring Tower

Starts from the last sale price (AED 200K, 11 April 2021). Switch to today's estimate once you have unlocked it.
Price
AED 200,000
Deposit, UAE resident (20%)
AED 40,000
Deposit, non-resident (40%)
AED 80,000
Monthly over 25 years at 3.7%
AED 818

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