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

M023B, Silver Springs

Sold prices and rental history: sold twice, last in March 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa M023B · DLD and Ejari recordsUpdated 25 March 2024
Last soldAED 3.9M25 March 2024
Current rentAED 200K /yr16 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for M023B, Silver Springs

What is M023B worth today?

Last sold for AED 3,900,000 in 2024

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25 Mar 2024SoldReady
AED 3,900,000AED 1,432 per sqft
16 Sep 2023RentedRenewal
AED 200,000/yr12 months · AED 73 per sqft
16 Sep 2022RentedRenewal
AED 170,000/yr12 months · AED 62 per sqft
15 Sep 2020RentedNew contract
AED 127,000/yr12 months · AED 47 per sqft
14 May 2017RentedNew contract
AED 155,000/yr12 months · AED 57 per sqft
3 Sep 2013Sold by developerOff-plan
AED 2,450,700AED 900 per sqft

Source: Dubai Land Department. Updated 25 March 2024.

Key facts

Type
3-bed villa
Size
2,723 sqft
Developer
DAMAC
Completed
2016
Last sold
AED 3.9M · March 2024
Community
Silver Springs

About M023B, Silver Springs

M023B 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 25 March 2024 for AED 3,900,000, or AED 1,432 per sqft, 11% above the AED 1,285 three-beds in the community were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, renewed on 16 September 2023, is AED 200,000 a year: a gross yield of 5.1% on the 2024 price.

Sales and rents for M023B over time

Sales
Villa M023B, 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, September 2013: AED 2,450,700 (AED 900 per sqft)Sold, March 2024: AED 3,900,000 (AED 1,432 per sqft)

M023B has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa M023B, 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, May 2017: AED 155,000 a yearNew contract, September 2020: AED 127,000 a yearRenewal, September 2022: AED 170,000 a yearRenewal, September 2023: AED 200,000 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 M023B sits

All 65 3-beds →

M023B last sold in March 2024 at AED 1,432 per sqft, 11% above what three-beds in Silver Springs were fetching at the time (AED 1,285). 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 →

M023B, Silver Springs in numbers

  • Sold twice: first on 3 September 2013 for AED 2,450,700, last on 25 March 2024 for AED 3,900,000 (AED 1,432 per sqft).
  • Rented since May 2017 on 4 Ejari contracts. The rent fell from AED 155,000 to AED 127,000 in 2020 and recovered to AED 200,000 by September 2023.
  • At AED 200,000 a year the gross yield on the 2024 price is 5.1%.
  • 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 25 March 2024.

Questions about M023B, Silver Springs

What did villa M023B last sell for?

AED 3,900,000 on 25 March 2024: AED 1,432 per sqft for 2,723 sqft. The villa has 2 registered sales; the first was AED 2,450,700 in September 2013.

What is the rent for villa M023B?

AED 200,000 a year on the contract renewed on 16 September 2023. The previous contract, from September 2022, was AED 170,000; the villa has been rented since May 2017.

How big is villa M023B?

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

What is villa M023B 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 M023B, Silver Springs

Starts from the last sale price (AED 3.9M, 25 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,900,000
Deposit, UAE resident (20%)
AED 780,000
Deposit, non-resident (40%)
AED 1,560,000
Monthly over 25 years at 3.7%
AED 15,956

Plus AED 168,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →