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

M058B, Silver Springs

Sold prices and rental history: sold twice, last in September 2020, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa M058B · DLD and Ejari recordsUpdated 15 September 2020
Last soldAED 1.9M15 September 2020
Current rentAED 150K /yr1 May 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for M058B, Silver Springs

What is M058B worth today?

Last sold for AED 1,900,000 in 2020

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15 Sep 2020SoldReady
AED 1,900,000AED 697 per sqft
1 May 2018RentedRenewal
AED 150,000/yr12 months · AED 55 per sqft
1 Apr 2017RentedNew contract
AED 138,462/yr13 months · AED 51 per sqft
29 Jan 2014Sold by developerOff-plan
AED 2,859,150AED 1,050 per sqft

Source: Dubai Land Department. Updated 15 September 2020.

Key facts

Type
3-bed villa
Size
2,723 sqft
Developer
DAMAC
Completed
2016
Last sold
AED 1.9M · September 2020

About M058B, Silver Springs

M058B is a three-bedroom villa of 2,723 sqft in Silver Springs, a villa community in Damac Hills completed in 2016 by DAMAC. It last sold on 15 September 2020 for AED 1,900,000, or AED 697 per sqft.

It has been rented since 2017 on 2 Ejari contracts. The current contract, renewed on 1 May 2018, is AED 150,000 a year: a gross yield of 7.9% on the 2020 price.

Sales and rents for M058B over time

Sales
Villa M058B, each saleTypical three-bed in Silver Springs
2M4M2013201720212025Typical 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 2,859,150 (AED 1,050 per sqft)Sold, September 2020: AED 1,900,000 (AED 697 per sqft)

M058B has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa M058B, 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, April 2017: AED 138,462 a yearRenewal, May 2018: AED 150,000 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 M058B sits

All 65 3-beds →

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 →

M058B, Silver Springs in numbers

  • Sold twice: first on 29 January 2014 for AED 2,859,150, last on 15 September 2020 for AED 1,900,000 (AED 697 per sqft).
  • Rented since April 2017 on 2 Ejari contracts, from AED 138,462 to AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2020 price is 7.9%.
  • 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 September 2020.

Questions about M058B, Silver Springs

What did villa M058B last sell for?

AED 1,900,000 on 15 September 2020: AED 697 per sqft for 2,723 sqft. The villa has 2 registered sales; the first was AED 2,859,150 in January 2014.

What is the rent for villa M058B?

AED 150,000 a year on the contract renewed on 1 May 2018. The previous contract, from April 2017, was AED 138,462.

How big is villa M058B?

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

What is villa M058B 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 M058B, Silver Springs

Starts from the last sale price (AED 1.9M, 15 September 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,900,000
Deposit, UAE resident (20%)
AED 380,000
Deposit, non-resident (40%)
AED 760,000
Monthly over 25 years at 3.7%
AED 7,773

Plus AED 84,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →