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

M055B, Silver Springs

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

Villa M055B · DLD and Ejari recordsUpdated 1 August 2024
Last soldAED 2.67M9 April 2014
Current rentAED 180K /yr1 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for M055B, Silver Springs

What is M055B worth today?

Last sold for AED 2,669,100 in 2014

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1 Aug 2024RentedNew contract
AED 180,000/yr12 months · AED 66 per sqft
25 Apr 2023RentedNew contract
AED 180,000/yr12 months · AED 66 per sqft
17 Mar 2021RentedNew contract
AED 130,000/yr12 months · AED 48 per sqft
26 Oct 2019RentedNew contract
AED 130,000/yr12 months · AED 48 per sqft
10 Sep 2018RentedRenewal
AED 140,000/yr12 months · AED 51 per sqft
10 Sep 2017RentedNew contract
AED 140,000/yr12 months · AED 51 per sqft
9 Apr 2014Sold by developerOff-plan
AED 2,669,100AED 980 per sqft

Source: Dubai Land Department. Updated 1 August 2024.

Key facts

Type
3-bed villa
Size
2,723 sqft
Developer
DAMAC
Completed
2016
Last sold
AED 2.67M · April 2014
Community
Silver Springs

About M055B, Silver Springs

M055B is a three-bedroom villa of 2,723 sqft in Silver Springs, a villa community in Damac Hills completed in 2016 by DAMAC. The developer sold it on 9 April 2014 for AED 2,669,100, or AED 980 per sqft, 5% above the AED 930 three-beds in the community were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, signed on 1 August 2024, is AED 180,000 a year: a gross yield of 6.7% on the 2014 price.

Sales and rents for M055B over time

Sales
Villa M055B, 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, April 2014: AED 2,669,100 (AED 980 per sqft)

M055B has sold once; the dashed line is the three-bed median of each year in the community.

Rents
Villa M055B, 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, September 2017: AED 140,000 a yearRenewal, September 2018: AED 140,000 a yearNew contract, October 2019: AED 130,000 a yearNew contract, March 2021: AED 130,000 a yearNew contract, April 2023: AED 180,000 a yearNew contract, August 2024: AED 180,000 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 M055B sits

All 65 3-beds →

M055B last sold in April 2014 at AED 980 per sqft, 5% above what three-beds in Silver Springs were fetching at the time (AED 930). 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 →

M055B, Silver Springs in numbers

  • Sold once: by DAMAC on 9 April 2014 for AED 2,669,100, or AED 980 per sqft.
  • Rented since September 2017 on 6 Ejari contracts, from AED 140,000 to AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2014 price is 6.7%.
  • 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 1 August 2024.

Questions about M055B, Silver Springs

What did villa M055B last sell for?

AED 2,669,100 on 9 April 2014, sold by the developer: AED 980 per sqft for 2,723 sqft. It is the only registered sale of the villa.

What is the rent for villa M055B?

AED 180,000 a year on the contract signed on 1 August 2024. The previous contract, from April 2023, was AED 180,000; the villa has been rented since September 2017.

How big is villa M055B?

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

What is villa M055B 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 M055B, Silver Springs

Starts from the last sale price (AED 2.67M, 9 April 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,669,100
Deposit, UAE resident (20%)
AED 533,820
Deposit, non-resident (40%)
AED 1,067,640
Monthly over 25 years at 3.7%
AED 10,920

Plus AED 117,112 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →