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

M054B, Silver Springs

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

Villa M054B · DLD and Ejari recordsUpdated 17 May 2024
Last soldAED 4M17 May 2024
Current rentAED 137K /yr30 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for M054B, Silver Springs

What is M054B worth today?

Last sold for AED 4,000,000 in 2024

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17 May 2024SoldReady
AED 4,000,000AED 1,551 per sqft
30 Jun 2023RentedRenewal
AED 136,500/yr12 months · AED 53 per sqft
30 Jun 2022RentedRenewal
AED 130,000/yr12 months · AED 50 per sqft
30 Jun 2021RentedRenewal
AED 130,000/yr12 months · AED 50 per sqft
15 May 2019RentedRenewal
AED 155,000/yr12 months · AED 60 per sqft
15 May 2018RentedRenewal
AED 155,000/yr12 months · AED 60 per sqft
15 May 2017RentedNew contract
AED 155,000/yr12 months · AED 60 per sqft
29 Jan 2014Sold by developerOff-plan
AED 2,527,000AED 980 per sqft

Source: Dubai Land Department. Updated 17 May 2024.

Key facts

Type
3-bed villa
Size
2,578 sqft
Developer
DAMAC
Completed
2016
Last sold
AED 4M · May 2024
Community
Silver Springs

About M054B, Silver Springs

M054B is a three-bedroom villa of 2,578 sqft in Silver Springs, a villa community in Damac Hills completed in 2016 by DAMAC. It last sold on 17 May 2024 for AED 4,000,000, or AED 1,551 per sqft, 10% above the AED 1,416 three-beds in the community were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 30 June 2023, is AED 136,500 a year: a gross yield of 3.4% on the 2024 price.

Sales and rents for M054B over time

Sales
Villa M054B, 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)Sold, May 2024: AED 4,000,000 (AED 1,551 per sqft)

M054B has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa M054B, 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 yearRenewal, May 2018: AED 155,000 a yearRenewal, May 2019: AED 155,000 a yearRenewal, June 2021: AED 130,000 a yearRenewal, June 2022: AED 130,000 a yearRenewal, June 2023: AED 136,500 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 M054B sits

All 65 3-beds →

M054B last sold in May 2024 at AED 1,551 per sqft, 10% above what three-beds in Silver Springs were fetching at the time (AED 1,416). 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 →

M054B, Silver Springs in numbers

  • Sold twice: first on 29 January 2014 for AED 2,527,000, last on 17 May 2024 for AED 4,000,000 (AED 1,551 per sqft).
  • Rented since May 2017 on 6 Ejari contracts, from AED 155,000 to AED 136,500 a year.
  • At AED 136,500 a year the gross yield on the 2024 price is 3.4%.
  • 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 17 May 2024.

Questions about M054B, Silver Springs

What did villa M054B last sell for?

AED 4,000,000 on 17 May 2024: AED 1,551 per sqft for 2,578 sqft. The villa has 2 registered sales; the first was AED 2,527,000 in January 2014.

What is the rent for villa M054B?

AED 136,500 a year on the contract renewed on 30 June 2023. The previous contract, from June 2022, was AED 130,000; the villa has been rented since May 2017.

How big is villa M054B?

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

What is villa M054B 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 M054B, Silver Springs

Starts from the last sale price (AED 4M, 17 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 4,000,000
Deposit, UAE resident (20%)
AED 800,000
Deposit, non-resident (40%)
AED 1,600,000
Monthly over 25 years at 3.7%
AED 16,365

Plus AED 173,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →