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Studio · 403 sqftSpring Tower, Dubai Silicon Oasis · 6th floor

616, Spring Tower

Sold prices and rental history: sold once, by the developer in October 2012, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 616 · DLD and Ejari recordsUpdated 1 August 2024
Last soldAED 429K4 October 2012
Current rentAED 31K /yr1 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 616, Spring Tower

What is 616 worth today?

Last sold for AED 429,397 in 2012

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1 Aug 2024RentedRenewal
AED 31,000/yr12 months · AED 77 per sqft
1 Aug 2023RentedRenewal
AED 28,000/yr12 months · AED 69 per sqft
1 Aug 2022RentedNew contract
AED 25,000/yr12 months · AED 62 per sqft
1 Aug 2020RentedRenewal
AED 28,000/yr12 months · AED 69 per sqft
1 Aug 2019RentedRenewal
AED 32,000/yr12 months · AED 79 per sqft
1 Aug 2018RentedNew contract
AED 32,000/yr12 months · AED 79 per sqft
1 Jan 2017RentedNew contract
AED 42,000/yr12 months · AED 104 per sqft
4 Oct 2012Sold by developerReady
AED 429,397AED 1,064 per sqft

Source: Dubai Land Department. Updated 1 August 2024.

Key facts

Type
Studio apartment
Size
403 sqft
Floor
6th of 25
Parking
P6 86
Service charge
AED 6,200 /yr
Last sold
AED 429K · October 2012
Building
Spring Tower

About 616, Spring Tower

616 is a studio of 403 sqft on the 6th floor of Spring Tower, a 25-storey tower in Dubai Silicon Oasis. The developer sold it on 4 October 2012 for AED 429,397, or AED 1,064 per sqft, in line with the AED 1,064 studios in the building were fetching at the time.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, renewed on 1 August 2024, is AED 31,000 a year: a gross yield of 7.2% on the 2012 price, before the service charge of about AED 6,200 a year.

Sales and rents for 616 over time

Sales
Unit 616, 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, October 2012: AED 429,397 (AED 1,064 per sqft)

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

Rents
Unit 616, 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, January 2017: AED 42,000 a yearNew contract, August 2018: AED 32,000 a yearRenewal, August 2019: AED 32,000 a yearRenewal, August 2020: AED 28,000 a yearNew contract, August 2022: AED 25,000 a yearRenewal, August 2023: AED 28,000 a yearRenewal, August 2024: AED 31,000 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 616 sits

All 139 studios →

616 last sold in October 2012 at AED 1,064 per sqft, in line with what studios in Spring Tower were fetching at the time (AED 1,064). 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. 616's AED 31,000 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 6th floor

All 413 units in Spring Tower
Value
6021-bedAED 883K · Oct 2025
603StudioAED 487K · Sep 2013
604StudioAED 313K · Sep 2013
605StudioAED 340K · Oct 2022
606StudioAED 370K · Sep 2024
607StudioAED 685K · May 2010
6081-bedAED 548K · Jun 2013
1–7 of 25

616, Spring Tower in numbers

  • Sold once: by the developer on 4 October 2012 for AED 429,397, or AED 1,064 per sqft.
  • Rented since January 2017 on 7 Ejari contracts. The rent fell from AED 42,000 to AED 25,000 in 2022 and recovered to AED 31,000 by August 2024.
  • At AED 31,000 a year the gross yield on the 2012 price is 7.2%, before a service charge of about AED 6,200 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 1 August 2024.

Questions about 616, Spring Tower

What did unit 616 last sell for?

AED 429,397 on 4 October 2012, sold by the developer: AED 1,064 per sqft for 403 sqft. It is the only registered sale of the unit.

What is the rent for unit 616?

AED 31,000 a year on the contract renewed on 1 August 2024. The previous contract, from August 2023, was AED 28,000; the unit has been rented since January 2017.

How big is unit 616?

403 sqft (37.4 sqm): a studio on the 6th floor of a 25-storey tower.

What is unit 616 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 616, Spring Tower

Starts from the last sale price (AED 429K, 4 October 2012). Switch to today's estimate once you have unlocked it.
Price
AED 429,397
Deposit, UAE resident (20%)
AED 85,879
Deposit, non-resident (40%)
AED 171,759
Monthly over 25 years at 3.7%
AED 1,757

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