3-bed · 2,723 sqftSilver Springs, Damac Hills · completed 2016

M003B, Silver Springs

Sold prices and rental history: sold 4 times, last in September 2024, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa M003B · DLD and Ejari recordsUpdated 12 September 2024
Last soldAED 4.08M12 September 2024
Current rentAED 130K /yr13 June 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for M003B, Silver Springs

What is M003B worth today?

Last sold for AED 4,080,000 in 2024

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12 Sep 2024SoldReady
AED 4,080,000AED 1,498 per sqft
13 Jun 2020RentedRenewal
AED 130,000/yr12 months · AED 48 per sqft
13 Jun 2019RentedNew contract
AED 130,000/yr12 months · AED 48 per sqft
11 May 2017SoldReady · flagged as an outlier
AED 1,185,000AED 435 per sqft
13 Oct 2016SoldReady · flagged as an outlier
AED 1,185,000AED 435 per sqft
31 Mar 2014Sold by developerOff-plan
AED 2,668,540AED 980 per sqft

Source: Dubai Land Department. Updated 12 September 2024.

Key facts

Type
3-bed villa
Size
2,723 sqft
Developer
DAMAC
Completed
2016
Last sold
AED 4.08M · September 2024

About M003B, Silver Springs

M003B is a three-bedroom villa of 2,723 sqft in Silver Springs, a villa community in Damac Hills completed in 2016 by DAMAC. It last sold on 12 September 2024 for AED 4,080,000, or AED 1,498 per sqft, 5% above the AED 1,432 three-beds in the community were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, renewed on 13 June 2020, is AED 130,000 a year: a gross yield of 3.2% on the 2024 price.

Sales and rents for M003B over time

Sales
Villa M003B, each saleTypical three-bed in Silver Springs
3M4M2013201720212025Typical sale price by year: 2013 AED 2,450,700; 2014 AED 2,532,390; 2015 AED 2,450,700; 2017 AED 2,500,000; 2021 AED 2,600,000; 2022 AED 2,835,000; 2023 AED 3,250,000; 2024 AED 3,950,000; 2025 AED 4,540,000Sold by developer, March 2014: AED 2,668,540 (AED 980 per sqft)Sold, September 2024: AED 4,080,000 (AED 1,498 per sqft)

M003B has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa M003B, each contractTypical three-bed in Silver Springs
150K200K250K2017202020232026Typical rent by year: 2017 AED 150,000; 2018 AED 150,000; 2019 AED 130,000; 2020 AED 125,000; 2021 AED 130,000; 2022 AED 148,000; 2023 AED 180,000; 2024 AED 200,000; 2025 AED 235,000New contract, June 2019: AED 130,000 a yearRenewal, June 2020: AED 130,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the community.

3-beds in Silver Springs, and where M003B sits

All 65 3-beds →

M003B last sold in September 2024 at AED 1,498 per sqft, 5% above what three-beds in Silver Springs were fetching at the time (AED 1,432). Over the last 12 months three-beds sold for AED 4,540,000 to 4,800,000, around AED 1,670 per sqft.

Recent 3-bed salesVilla no.Price (AED)Summary
12 Feb 20264,800,000
27 Nov 20254,550,000
14 Nov 20254,540,000
28 Feb 20253,500,000
3 3-bed sales in the last 12 months

Silver Springs

Community

172 villas, 3-bed to 6-bed in Damac Hills, completed in 2016 by DAMAC. 3 sold in the last 12 months.

Typical price per sqft
AED 1,670
Typical sale
AED 4.55M
Typical rent
Few contracts
Typical yield
Silver Springs, Damac Hills: prices, sales and rents →

M003B, Silver Springs in numbers

  • Sold 4 times: first on 31 March 2014 for AED 2,668,540, last on 12 September 2024 for AED 4,080,000 (AED 1,498 per sqft).
  • Rented since June 2019 on 2 Ejari contracts, at AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2024 price is 3.2%.
  • Three-beds in Silver Springs sold for AED 4,540,000–4,800,000 in the 12 months to November 2026; the community's median across all types is AED 1,670 per sqft.

Source: Dubai Land Department. Updated 12 September 2024.

Questions about M003B, Silver Springs

What did villa M003B last sell for?

AED 4,080,000 on 12 September 2024: AED 1,498 per sqft for 2,723 sqft. The villa has 4 registered sales; the first was AED 2,668,540 in March 2014.

What is the rent for villa M003B?

AED 130,000 a year on the contract renewed on 13 June 2020. The previous contract, from June 2019, was AED 130,000.

How big is villa M003B?

2,723 sqft (253.0 sqm): a three-bedroom villa in Silver Springs, completed in 2016.

What is villa M003B worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Silver Springs sold for AED 4,540,000 to 4,800,000 in the last 12 months, around AED 1,670 per sqft.

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Mortgage on M003B, Silver Springs

Starts from the last sale price (AED 4.08M, 12 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 4,080,000
Deposit, UAE resident (20%)
AED 816,000
Deposit, non-resident (40%)
AED 1,632,000
Monthly over 25 years at 3.7%
AED 16,693

Plus AED 176,370 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →