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

M011B, Silver Springs

Sold prices and rental history: sold 3 times, last in November 2021, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa M011B · DLD and Ejari recordsUpdated 14 June 2024
Last soldAED 2.8M16 November 2021
Current rentAED 247K /yr14 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for M011B, Silver Springs

What is M011B worth today?

Last sold for AED 2,800,000 in 2021

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14 Jun 2024RentedNew contract
AED 246,857/yr9 months · AED 91 per sqft
14 Jun 2023RentedRenewal
AED 180,000/yr12 months · AED 66 per sqft
14 Jun 2022RentedRenewal
AED 120,000/yr12 months · AED 44 per sqft
16 Nov 2021SoldReady
AED 2,800,000AED 1,028 per sqft
14 Jun 2021RentedRenewal
AED 120,000/yr12 months · AED 44 per sqft
12 Sep 2018RentedRenewal
AED 135,000/yr12 months · AED 50 per sqft
12 Sep 2017RentedNew contract
AED 150,000/yr12 months · AED 55 per sqft
19 May 2017RentedNew contract
AED 150,000/yr12 months · AED 55 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 14 June 2024.

Key facts

Type
3-bed villa
Size
2,723 sqft
Developer
DAMAC
Completed
2016
Last sold
AED 2.8M · November 2021
Community
Silver Springs

About M011B, Silver Springs

M011B 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 16 November 2021 for AED 2,800,000, or AED 1,028 per sqft, 15% above the AED 897 three-beds in the community were fetching at the time.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, signed on 14 June 2024, is AED 246,857 a year: a gross yield of 8.8% on the 2021 price.

Sales and rents for M011B over time

Sales
Villa M011B, each saleTypical three-bed in Silver Springs
2M4M2013201720212025Typical 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, October 2013: AED 2,178,400 (AED 800 per sqft)Sold, January 2014: AED 2,422,503 (AED 889 per sqft)Sold, November 2021: AED 2,800,000 (AED 1,028 per sqft)

M011B has sold 3 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa M011B, each contractTypical three-bed in Silver Springs
100K200K2017202020232026Typical 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, May 2017: AED 150,000 a yearNew contract, September 2017: AED 150,000 a yearRenewal, September 2018: AED 135,000 a yearRenewal, June 2021: AED 120,000 a yearRenewal, June 2022: AED 120,000 a yearRenewal, June 2023: AED 180,000 a yearNew contract, June 2024: AED 246,857 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 M011B sits

All 65 3-beds →

M011B last sold in November 2021 at AED 1,028 per sqft, 15% above what three-beds in Silver Springs were fetching at the time (AED 897). 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 →

M011B, Silver Springs in numbers

  • Sold 3 times: first on 3 October 2013 for AED 2,178,400, last on 16 November 2021 for AED 2,800,000 (AED 1,028 per sqft).
  • Rented since May 2017 on 7 Ejari contracts. The rent fell from AED 150,000 to AED 120,000 in 2022 and recovered to AED 246,857 by June 2024.
  • At AED 246,857 a year the gross yield on the 2021 price is 8.8%.
  • 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: YallaValue analysis of Dubai Land Department records. Updated 14 June 2024.

Questions about M011B, Silver Springs

What did villa M011B last sell for?

AED 2,800,000 on 16 November 2021: AED 1,028 per sqft for 2,723 sqft. The villa has 3 registered sales; the first was AED 2,178,400 in October 2013.

What is the rent for villa M011B?

AED 246,857 a year on the contract signed on 14 June 2024. The previous contract, from June 2023, was AED 180,000; the villa has been rented since May 2017.

How big is villa M011B?

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

What is villa M011B 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 M011B, Silver Springs

Starts from the last sale price (AED 2.8M, 16 November 2021). 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 →