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

M053B, Silver Springs

Sold prices and rental history: sold once, by the developer in January 2014, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa M053B · DLD and Ejari recordsUpdated 2 August 2024
Last soldAED 2.53M29 January 2014
Current rentAED 152K /yr2 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for M053B, Silver Springs

What is M053B worth today?

Last sold for AED 2,527,000 in 2014

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2 Aug 2024RentedRenewal
AED 152,336/yr9 months · AED 59 per sqft
2 Aug 2023RentedRenewal
AED 132,825/yr12 months · AED 52 per sqft
2 Aug 2022RentedRenewal
AED 120,750/yr12 months · AED 47 per sqft
1 Aug 2021RentedRenewal
AED 114,692/yr12 months · AED 44 per sqft
1 Aug 2020RentedRenewal
AED 115,000/yr12 months · AED 45 per sqft
1 Aug 2019RentedNew contract
AED 120,000/yr12 months · AED 47 per sqft
10 Jul 2018RentedNew contract
AED 150,000/yr12 months · AED 58 per sqft
10 Jul 2017RentedNew contract
AED 150,000/yr12 months · AED 58 per sqft

Source: Dubai Land Department. Updated 2 August 2024.

Key facts

Type
3-bed villa
Size
2,578 sqft
Developer
DAMAC
Completed
2016
Last sold
AED 2.53M · January 2014
Community
Silver Springs

About M053B, Silver Springs

M053B 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 29 January 2014 for AED 2,527,000, or AED 980 per sqft, 9% above the AED 900 three-beds in the community were fetching at the time.

It has been rented continuously since 2017 on 8 Ejari contracts. The current contract, renewed on 2 August 2024, is AED 152,336 a year: a gross yield of 6.0% on the 2014 price.

Sales and rents for M053B over time

Sales
Villa M053B, 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 2,527,000 (AED 980 per sqft)

M053B has sold once; the dashed line is the three-bed median of each year in the community.

Rents
Villa M053B, 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, July 2017: AED 150,000 a yearNew contract, July 2018: AED 150,000 a yearNew contract, August 2019: AED 120,000 a yearRenewal, August 2020: AED 115,000 a yearRenewal, August 2021: AED 114,692 a yearRenewal, August 2022: AED 120,750 a yearRenewal, August 2023: AED 132,825 a yearRenewal, August 2024: AED 152,336 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 M053B sits

All 65 3-beds →

M053B last sold in January 2014 at AED 980 per sqft, 9% 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 →

M053B, Silver Springs in numbers

  • Sold once: by DAMAC on 29 January 2014 for AED 2,527,000, or AED 980 per sqft.
  • Rented since July 2017 on 8 Ejari contracts. The rent fell from AED 150,000 to AED 114,692 in 2021 and recovered to AED 152,336 by August 2024.
  • At AED 152,336 a year the gross yield on the 2014 price is 6.0%.
  • 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 2 August 2024.

Questions about M053B, Silver Springs

What did villa M053B last sell for?

AED 2,527,000 on 29 January 2014, sold by the developer: AED 980 per sqft for 2,578 sqft. It is the only registered sale of the villa.

What is the rent for villa M053B?

AED 152,336 a year on the contract renewed on 2 August 2024. The previous contract, from August 2023, was AED 132,825; the villa has been rented since July 2017.

How big is villa M053B?

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

What is villa M053B 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 M053B, Silver Springs

Starts from the last sale price (AED 2.53M, 29 January 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,527,000
Deposit, UAE resident (20%)
AED 505,400
Deposit, non-resident (40%)
AED 1,010,800
Monthly over 25 years at 3.7%
AED 10,339

Plus AED 111,144 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →