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3-bed · 2,856 sqftSilver Springs, Damac Hills · completed 2016

M056B, Silver Springs

Sold prices and rental history: sold once, by the developer in April 2014, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa M056B · DLD and Ejari recordsUpdated 15 June 2024
Last soldAED 2.67M9 April 2014
Current rentAED 168K /yr15 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for M056B, Silver Springs

What is M056B worth today?

Last sold for AED 2,669,100 in 2014

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15 Jun 2024RentedRenewal
AED 168,000/yr12 months · AED 59 per sqft
15 Jun 2023RentedRenewal
AED 160,000/yr12 months · AED 56 per sqft
15 Jun 2022RentedNew contract
AED 160,000/yr12 months · AED 56 per sqft
9 Apr 2014Sold by developerOff-plan
AED 2,669,100AED 934 per sqft

Source: Dubai Land Department. Updated 15 June 2024.

Key facts

Type
3-bed villa
Size
2,856 sqft
Developer
DAMAC
Completed
2016
Last sold
AED 2.67M · April 2014
Community
Silver Springs

About M056B, Silver Springs

M056B is a three-bedroom villa of 2,856 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 934 per sqft, in line with the AED 930 three-beds in the community were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 15 June 2024, is AED 168,000 a year: a gross yield of 6.3% on the 2014 price.

Sales and rents for M056B over time

Sales
Villa M056B, 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 934 per sqft)

M056B has sold once; the dashed line is the three-bed median of each year in the community.

Rents
Villa M056B, 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, June 2022: AED 160,000 a yearRenewal, June 2023: AED 160,000 a yearRenewal, June 2024: AED 168,000 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 M056B sits

All 65 3-beds →

M056B last sold in April 2014 at AED 934 per sqft, in line with 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 →

M056B, Silver Springs in numbers

  • Sold once: by DAMAC on 9 April 2014 for AED 2,669,100, or AED 934 per sqft.
  • Rented since June 2022 on 3 Ejari contracts, from AED 160,000 to AED 168,000 a year.
  • At AED 168,000 a year the gross yield on the 2014 price is 6.3%.
  • 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: Dubai Land Department. Updated 15 June 2024.

Questions about M056B, Silver Springs

What did villa M056B last sell for?

AED 2,669,100 on 9 April 2014, sold by the developer: AED 934 per sqft for 2,856 sqft. It is the only registered sale of the villa.

What is the rent for villa M056B?

AED 168,000 a year on the contract renewed on 15 June 2024. The previous contract, from June 2023, was AED 160,000; the villa has been rented since June 2022.

How big is villa M056B?

2,856 sqft (265.3 sqm): a three-bedroom villa in Silver Springs, completed in 2016.

What is villa M056B 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 M056B, 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 →