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

M041B, 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 M041B · DLD and Ejari recordsUpdated 29 March 2024
Last soldAED 3.81M29 March 2024
Current rentAED 87K /yr20 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for M041B, Silver Springs

What is M041B worth today?

Last sold for AED 3,810,000 in 2024

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29 Mar 2024SoldReady
AED 3,810,000AED 1,399 per sqft
20 Oct 2020RentedRenewal
AED 86,667/yr36 months · AED 32 per sqft
20 Oct 2020RentedNew contract
AED 130,000/yr24 months · AED 48 per sqft
20 Oct 2019RentedNew contract
AED 130,000/yr12 months · AED 48 per sqft
1 Jun 2017RentedNew contract
AED 145,000/yr12 months · AED 53 per sqft
30 Jan 2014Sold by developerOff-plan
AED 2,450,700AED 900 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 29 March 2024.

Key facts

Type
3-bed villa
Size
2,723 sqft
Developer
DAMAC
Completed
2016
Last sold
AED 3.81M · March 2024
Community
Silver Springs

About M041B, Silver Springs

M041B 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 29 March 2024 for AED 3,810,000, or AED 1,399 per sqft, in line with the AED 1,399 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 20 October 2020, is AED 86,667 a year: a gross yield of 2.3% on the 2024 price.

Sales and rents for M041B over time

Sales
Villa M041B, 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 2,450,700 (AED 900 per sqft)Sold, March 2024: AED 3,810,000 (AED 1,399 per sqft)

M041B has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa M041B, 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, June 2017: AED 145,000 a yearNew contract, October 2019: AED 130,000 a yearRenewal, October 2020: AED 86,667 a yearNew contract, October 2020: AED 130,000 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 M041B sits

All 65 3-beds →

M041B last sold in March 2024 at AED 1,399 per sqft, in line with what three-beds in Silver Springs were fetching at the time (AED 1,399). 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 →

M041B, Silver Springs in numbers

  • Sold twice: first on 30 January 2014 for AED 2,450,700, last on 29 March 2024 for AED 3,810,000 (AED 1,399 per sqft).
  • Rented since June 2017 on 4 Ejari contracts, from AED 145,000 to AED 86,667 a year.
  • At AED 86,667 a year the gross yield on the 2024 price is 2.3%.
  • 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 29 March 2024.

Questions about M041B, Silver Springs

What did villa M041B last sell for?

AED 3,810,000 on 29 March 2024: AED 1,399 per sqft for 2,723 sqft. The villa has 2 registered sales; the first was AED 2,450,700 in January 2014.

What is the rent for villa M041B?

AED 86,667 a year on the contract renewed on 20 October 2020. The previous contract, from October 2020, was AED 130,000; the villa has been rented since June 2017.

How big is villa M041B?

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

What is villa M041B 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 M041B, Silver Springs

Starts from the last sale price (AED 3.81M, 29 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,810,000
Deposit, UAE resident (20%)
AED 762,000
Deposit, non-resident (40%)
AED 1,524,000
Monthly over 25 years at 3.7%
AED 15,588

Plus AED 165,030 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →