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5-bed · 3,479 sqftSilver Springs, Damac Hills · completed 2016

M048B, Silver Springs

Sold prices and rental history: sold 3 times, last in May 2022, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa M048B · DLD and Ejari recordsUpdated 1 October 2024
Last soldAED 4.1M11 May 2022
Current rentAED 300K /yr1 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for M048B, Silver Springs

What is M048B worth today?

Last sold for AED 4,100,000 in 2022

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1 Oct 2024RentedRenewal
AED 300,000/yr12 months · AED 86 per sqft
1 Oct 2023RentedNew contract
AED 300,000/yr12 months · AED 86 per sqft
1 Oct 2023RentedNew contract
AED 300,000/yr12 months · AED 86 per sqft
1 Jun 2023RentedNew contract
AED 300,000/yr12 months · AED 86 per sqft
11 May 2022SoldReady
AED 4,100,000AED 1,178 per sqft
1 Sep 2021RentedRenewal
AED 160,000/yr12 months · AED 46 per sqft
1 Sep 2020RentedRenewal
AED 145,000/yr12 months · AED 42 per sqft
4 Sep 2019SoldReady
AED 2,450,000AED 704 per sqft

Source: Dubai Land Department. Updated 1 October 2024.

Key facts

Type
5-bed villa
Size
3,479 sqft
Developer
DAMAC
Completed
2016
Last sold
AED 4.1M · May 2022
Community
Silver Springs

About M048B, Silver Springs

M048B is a five-bedroom villa of 3,479 sqft in Silver Springs, a villa community in Damac Hills completed in 2016 by DAMAC. It last sold on 11 May 2022 for AED 4,100,000, or AED 1,178 per sqft, 5% above the AED 1,124 five-beds in the community were fetching at the time.

It has been rented continuously since 2017 on 9 Ejari contracts. The current contract, renewed on 1 October 2024, is AED 300,000 a year: a gross yield of 7.3% on the 2022 price.

Sales and rents for M048B over time

Sales
Villa M048B, each saleTypical five-bed in Silver Springs
5M2013201720212025Typical sale price by year: 2013 AED 3,862,500; 2014 AED 4,174,800; 2015 AED 3,599,031; 2016 AED 8,550,945; 2017 AED 3,850,000; 2018 AED 7,700,000; 2019 AED 2,900,000; 2020 AED 3,000,000; 2022 AED 4,459,241; 2023 AED 5,100,000; 2024 AED 7,700,000; 2025 AED 8,100,000Sold by developer, January 2015: AED 4,313,960 (AED 1,239 per sqft)Sold, September 2019: AED 2,450,000 (AED 704 per sqft)Sold, May 2022: AED 4,100,000 (AED 1,178 per sqft)

M048B has sold 3 times; the dashed line is the five-bed median of each year in the community.

Rents
Villa M048B, each contractTypical five-bed in Silver Springs
200K300K2017202020232026Typical rent by year: 2017 AED 185,000; 2018 AED 179,517; 2019 AED 170,000; 2020 AED 160,000; 2021 AED 180,000; 2022 AED 190,000; 2023 AED 230,000; 2024 AED 325,000; 2025 AED 345,000New contract, August 2017: AED 170,000 a yearRenewal, August 2018: AED 162,154 a yearNew contract, September 2019: AED 170,000 a yearRenewal, September 2020: AED 145,000 a yearRenewal, September 2021: AED 160,000 a yearNew contract, June 2023: AED 300,000 a yearNew contract, October 2023: AED 300,000 a yearNew contract, October 2023: AED 300,000 a yearRenewal, October 2024: AED 300,000 a year

Annual rent on each registered contract; the dashed line is the five-bed median of each year in the community.

5-beds in Silver Springs, and where M048B sits

All 88 5-beds →

M048B last sold in May 2022 at AED 1,178 per sqft, 5% above what five-beds in Silver Springs were fetching at the time (AED 1,124).

Recent 5-bed salesVilla no.Price (AED)Summary
11 Aug 20257,150,000
17 Jul 202513,000,000
5 Mar 20258,100,000
16 Dec 20247,000,000
0 5-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 →

M048B, Silver Springs in numbers

  • Sold 3 times: first on 15 January 2015 for AED 4,313,960, last on 11 May 2022 for AED 4,100,000 (AED 1,178 per sqft).
  • Rented since August 2017 on 9 Ejari contracts. The rent fell from AED 170,000 to AED 145,000 in 2020 and recovered to AED 300,000 by October 2024.
  • At AED 300,000 a year the gross yield on the 2022 price is 7.3%.

Source: Dubai Land Department. Updated 1 October 2024.

Questions about M048B, Silver Springs

What did villa M048B last sell for?

AED 4,100,000 on 11 May 2022: AED 1,178 per sqft for 3,479 sqft. The villa has 3 registered sales; the first was AED 4,313,960 in January 2015.

What is the rent for villa M048B?

AED 300,000 a year on the contract renewed on 1 October 2024. The previous contract, from October 2023, was AED 300,000; the villa has been rented since August 2017.

How big is villa M048B?

3,479 sqft (323.2 sqm): a five-bedroom villa in Silver Springs, completed in 2016.

What is villa M048B worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on M048B, Silver Springs

Starts from the last sale price (AED 4.1M, 11 May 2022). Switch to today's estimate once you have unlocked it.
Price
AED 4,100,000
Deposit, UAE resident (20%)
AED 820,000
Deposit, non-resident (40%)
AED 1,640,000
Monthly over 25 years at 3.7%
AED 16,774

Plus AED 177,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →