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

M038B, Silver Springs

Sold prices and rental history: sold twice, last in June 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa M038B · DLD and Ejari recordsUpdated 14 June 2023
Last soldAED 3.5M14 June 2023
Current rentAED 125K /yr13 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for M038B, Silver Springs

What is M038B worth today?

Last sold for AED 3,500,000 in 2023

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14 Jun 2023SoldReady
AED 3,500,000AED 1,285 per sqft
13 Mar 2022RentedRenewal
AED 125,000/yr12 months · AED 46 per sqft
7 Aug 2020RentedRenewal
AED 120,000/yr12 months · AED 44 per sqft
7 Aug 2019RentedRenewal
AED 130,000/yr12 months · AED 48 per sqft
7 Aug 2018RentedRenewal
AED 140,000/yr12 months · AED 51 per sqft
30 Jan 2014Sold by developerOff-plan
AED 2,695,770AED 990 per sqft

Source: Dubai Land Department. Updated 14 June 2023.

Key facts

Type
3-bed villa
Size
2,723 sqft
Developer
DAMAC
Completed
2016
Last sold
AED 3.5M · June 2023
Community
Silver Springs

About M038B, Silver Springs

M038B 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 14 June 2023 for AED 3,500,000, or AED 1,285 per sqft, 8% above the AED 1,193 three-beds in the community were fetching at the time.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, renewed on 13 March 2022, is AED 125,000 a year: a gross yield of 3.6% on the 2023 price.

Sales and rents for M038B over time

Sales
Villa M038B, 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, January 2014: AED 2,695,770 (AED 990 per sqft)Sold, June 2023: AED 3,500,000 (AED 1,285 per sqft)

M038B has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa M038B, 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 235,000Renewal, August 2018: AED 140,000 a yearRenewal, August 2019: AED 130,000 a yearRenewal, August 2020: AED 120,000 a yearRenewal, March 2022: AED 125,000 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 M038B sits

All 65 3-beds →

M038B last sold in June 2023 at AED 1,285 per sqft, 8% above what three-beds in Silver Springs were fetching at the time (AED 1,193). 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 →

M038B, Silver Springs in numbers

  • Sold twice: first on 30 January 2014 for AED 2,695,770, last on 14 June 2023 for AED 3,500,000 (AED 1,285 per sqft).
  • Rented since August 2018 on 4 Ejari contracts, from AED 140,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2023 price is 3.6%.
  • 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 14 June 2023.

Questions about M038B, Silver Springs

What did villa M038B last sell for?

AED 3,500,000 on 14 June 2023: AED 1,285 per sqft for 2,723 sqft. The villa has 2 registered sales; the first was AED 2,695,770 in January 2014.

What is the rent for villa M038B?

AED 125,000 a year on the contract renewed on 13 March 2022. The previous contract, from August 2020, was AED 120,000; the villa has been rented since August 2018.

How big is villa M038B?

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

What is villa M038B 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 M038B, Silver Springs

Starts from the last sale price (AED 3.5M, 14 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,500,000
Deposit, UAE resident (20%)
AED 700,000
Deposit, non-resident (40%)
AED 1,400,000
Monthly over 25 years at 3.7%
AED 14,320

Plus AED 152,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →