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

M016B, Silver Springs

Sold prices and rental history: sold once, by the developer in December 2013, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa M016B · DLD and Ejari recordsUpdated 5 February 2022
Last soldAED 2.4M23 December 2013
Current rentAED 100K /yr5 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for M016B, Silver Springs

What is M016B worth today?

Last sold for AED 2,397,540 in 2013

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5 Feb 2022RentedRenewal
AED 100,000/yr12 months · AED 39 per sqft
5 Feb 2021RentedRenewal
AED 100,000/yr12 months · AED 39 per sqft
5 Feb 2020RentedNew contract
AED 110,000/yr12 months · AED 43 per sqft
30 Mar 2019RentedRenewal
AED 132,000/yr12 months · AED 51 per sqft
30 Mar 2018RentedNew contract
AED 150,000/yr12 months · AED 58 per sqft
30 Mar 2017RentedNew contract
AED 175,000/yr12 months · AED 68 per sqft
23 Dec 2013Sold by developerOff-plan
AED 2,397,540AED 930 per sqft

Source: Dubai Land Department. Updated 5 February 2022.

Key facts

Type
3-bed villa
Size
2,578 sqft
Developer
DAMAC
Completed
2016
Last sold
AED 2.4M · December 2013
Community
Silver Springs

About M016B, Silver Springs

M016B is a three-bedroom villa of 2,578 sqft in Silver Springs, a villa community in Damac Hills completed in 2016 by DAMAC. The developer sold it on 23 December 2013 for AED 2,397,540, or AED 930 per sqft, 3% above the AED 900 three-beds in the community were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 5 February 2022, is AED 100,000 a year: a gross yield of 4.2% on the 2013 price.

Sales and rents for M016B over time

Sales
Villa M016B, 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, December 2013: AED 2,397,540 (AED 930 per sqft)

M016B has sold once; the dashed line is the three-bed median of each year in the community.

Rents
Villa M016B, 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, March 2017: AED 175,000 a yearNew contract, March 2018: AED 150,000 a yearRenewal, March 2019: AED 132,000 a yearNew contract, February 2020: AED 110,000 a yearRenewal, February 2021: AED 100,000 a yearRenewal, February 2022: AED 100,000 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 M016B sits

All 65 3-beds →

M016B last sold in December 2013 at AED 930 per sqft, 3% above what three-beds in Silver Springs were fetching at the time (AED 900). 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 →

M016B, Silver Springs in numbers

  • Sold once: by DAMAC on 23 December 2013 for AED 2,397,540, or AED 930 per sqft.
  • Rented since March 2017 on 6 Ejari contracts, from AED 175,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2013 price is 4.2%.
  • 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 5 February 2022.

Questions about M016B, Silver Springs

What did villa M016B last sell for?

AED 2,397,540 on 23 December 2013, sold by the developer: AED 930 per sqft for 2,578 sqft. It is the only registered sale of the villa.

What is the rent for villa M016B?

AED 100,000 a year on the contract renewed on 5 February 2022. The previous contract, from February 2021, was AED 100,000; the villa has been rented since March 2017.

How big is villa M016B?

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

What is villa M016B 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 M016B, Silver Springs

Starts from the last sale price (AED 2.4M, 23 December 2013). Switch to today's estimate once you have unlocked it.
Price
AED 2,397,540
Deposit, UAE resident (20%)
AED 479,508
Deposit, non-resident (40%)
AED 959,016
Monthly over 25 years at 3.7%
AED 9,809

Plus AED 105,707 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →