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3-bed · 2,578 sqftSilver Springs, Damac Hills · completed 2016

M005B, Silver Springs

Sold prices and rental history: sold twice, last in February 2022, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa M005B · DLD and Ejari recordsUpdated 21 February 2022
Last soldAED 2.8M21 February 2022
Current rentAED 135K /yr16 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for M005B, Silver Springs

What is M005B worth today?

Last sold for AED 2,800,000 in 2022

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21 Feb 2022SoldReady
AED 2,800,000AED 1,086 per sqft
16 Mar 2021RentedNew contract
AED 135,000/yr12 months · AED 52 per sqft
1 Feb 2020RentedNew contract
AED 125,000/yr12 months · AED 48 per sqft
20 Mar 2019RentedRenewal
AED 125,000/yr12 months · AED 48 per sqft
20 Mar 2017RentedNew contract
AED 140,000/yr12 months · AED 54 per sqft
27 Aug 2013Sold by developerOff-plan
AED 2,398,200AED 930 per sqft

Source: Dubai Land Department. Updated 21 February 2022.

Key facts

Type
3-bed villa
Size
2,578 sqft
Developer
DAMAC
Completed
2016
Last sold
AED 2.8M · February 2022
Community
Silver Springs

About M005B, Silver Springs

M005B is a three-bedroom villa of 2,578 sqft in Silver Springs, a villa community in Damac Hills completed in 2016 by DAMAC. It last sold on 21 February 2022 for AED 2,800,000, or AED 1,086 per sqft, 11% above the AED 982 three-beds in the community were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 16 March 2021, is AED 135,000 a year: a gross yield of 4.8% on the 2022 price.

Sales and rents for M005B over time

Sales
Villa M005B, 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, August 2013: AED 2,398,200 (AED 930 per sqft)Sold, February 2022: AED 2,800,000 (AED 1,086 per sqft)

M005B has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa M005B, 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, March 2017: AED 140,000 a yearRenewal, March 2019: AED 125,000 a yearNew contract, February 2020: AED 125,000 a yearNew contract, March 2021: AED 135,000 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 M005B sits

All 65 3-beds →

M005B last sold in February 2022 at AED 1,086 per sqft, 11% above what three-beds in Silver Springs were fetching at the time (AED 982). 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 →

M005B, Silver Springs in numbers

  • Sold twice: first on 27 August 2013 for AED 2,398,200, last on 21 February 2022 for AED 2,800,000 (AED 1,086 per sqft).
  • Rented since March 2017 on 4 Ejari contracts, from AED 140,000 to AED 135,000 a year.
  • At AED 135,000 a year the gross yield on the 2022 price is 4.8%.
  • 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 21 February 2022.

Questions about M005B, Silver Springs

What did villa M005B last sell for?

AED 2,800,000 on 21 February 2022: AED 1,086 per sqft for 2,578 sqft. The villa has 2 registered sales; the first was AED 2,398,200 in August 2013.

What is the rent for villa M005B?

AED 135,000 a year on the contract signed on 16 March 2021. The previous contract, from February 2020, was AED 125,000; the villa has been rented since March 2017.

How big is villa M005B?

2,578 sqft (239.5 sqm): a three-bedroom villa in Silver Springs, completed in 2016.

What is villa M005B 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 M005B, Silver Springs

Starts from the last sale price (AED 2.8M, 21 February 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,800,000
Deposit, UAE resident (20%)
AED 560,000
Deposit, non-resident (40%)
AED 1,120,000
Monthly over 25 years at 3.7%
AED 11,456

Plus AED 122,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →