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5-bed · 1,044 sqftSilver Springs, Damac Hills · completed 2016

M059B, Silver Springs

Sold prices and rental history: sold 3 times, last in June 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa M059B · DLD and Ejari recordsUpdated 23 June 2023
Last soldAED 1.17M23 June 2023
Current rentAED 155K /yr5 July 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for M059B, Silver Springs

What is M059B worth today?

Last sold for AED 1,170,000 in 2023

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23 Jun 2023SoldReady
AED 1,170,000AED 1,121 per sqft
19 Jan 2022SoldReady
AED 3,900,000AED 1,121 per sqft
5 Jul 2021RentedRenewal
AED 154,998/yr10 months · AED 45 per sqft
5 Jul 2020RentedNew contract
AED 155,000/yr12 months · AED 45 per sqft
5 Jul 2019RentedNew contract
AED 160,000/yr12 months · AED 46 per sqft
27 Jun 2018RentedNew contract
AED 175,000/yr12 months · AED 50 per sqft
1 Jun 2017RentedNew contract
AED 166,154/yr13 months · AED 48 per sqft
31 Jan 2017Sold by developerReady
AED 3,155,068AED 906 per sqft

Source: Dubai Land Department. Updated 23 June 2023.

Key facts

Type
5-bed villa
Size
1,044 sqft
Developer
DAMAC
Completed
2016
Last sold
AED 1.17M · June 2023
Community
Silver Springs

About M059B, Silver Springs

M059B is a five-bedroom villa of 1,044 sqft in Silver Springs, a villa community in Damac Hills completed in 2016 by DAMAC. It last sold on 23 June 2023 for AED 1,170,000, or AED 1,121 per sqft, 15% below the AED 1,322 five-beds in the community were fetching at the time.

It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, renewed on 5 July 2021, is AED 154,998 a year: a gross yield of 13.3% on the 2023 price.

Sales and rents for M059B over time

Sales
Villa M059B, each saleTypical five-bed in Silver Springs
05M2013201720212025Typical sale price by year: 2013 AED 3,862,500; 2014 AED 4,174,800; 2015 AED 3,599,031; 2016 AED 8,550,945; 2017 AED 3,850,000; 2018 AED 7,700,000; 2019 AED 2,900,000; 2020 AED 3,000,000; 2022 AED 4,459,241; 2023 AED 5,100,000; 2024 AED 7,700,000; 2025 AED 8,100,000Sold by developer, January 2017: AED 3,155,068 (AED 906 per sqft)Sold, January 2022: AED 3,900,000 (AED 1,121 per sqft)Sold, June 2023: AED 1,170,000 (AED 1,121 per sqft)

M059B has sold 3 times; the dashed line is the five-bed median of each year in the community.

Rents
Villa M059B, each contractTypical five-bed in Silver Springs
200K300K2017202020232026Typical rent by year: 2017 AED 185,000; 2018 AED 179,517; 2019 AED 170,000; 2020 AED 160,000; 2021 AED 180,000; 2022 AED 190,000; 2023 AED 230,000; 2024 AED 325,000; 2025 AED 345,000New contract, June 2017: AED 166,154 a yearNew contract, June 2018: AED 175,000 a yearNew contract, July 2019: AED 160,000 a yearNew contract, July 2020: AED 155,000 a yearRenewal, July 2021: AED 154,998 a year

Annual rent on each registered contract; the dashed line is the five-bed median of each year in the community.

5-beds in Silver Springs, and where M059B sits

All 88 5-beds →

M059B last sold in June 2023 at AED 1,121 per sqft, 15% below what five-beds in Silver Springs were fetching at the time (AED 1,322).

Recent 5-bed salesVilla no.Price (AED)Summary
11 Aug 20257,150,000
17 Jul 202513,000,000
5 Mar 20258,100,000
16 Dec 20247,000,000
0 5-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 →

M059B, Silver Springs in numbers

  • Sold 3 times: first on 31 January 2017 for AED 3,155,068, last on 23 June 2023 for AED 1,170,000 (AED 1,121 per sqft).
  • Rented since June 2017 on 5 Ejari contracts, from AED 166,154 to AED 154,998 a year.
  • At AED 154,998 a year the gross yield on the 2023 price is 13.3%.

Source: Dubai Land Department. Updated 23 June 2023.

Questions about M059B, Silver Springs

What did villa M059B last sell for?

AED 1,170,000 on 23 June 2023: AED 1,121 per sqft for 1,044 sqft. The villa has 3 registered sales; the first was AED 3,155,068 in January 2017.

What is the rent for villa M059B?

AED 154,998 a year on the contract renewed on 5 July 2021. The previous contract, from July 2020, was AED 155,000; the villa has been rented since June 2017.

How big is villa M059B?

1,044 sqft (97.0 sqm): a five-bedroom villa in Silver Springs, completed in 2016.

What is villa M059B worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on M059B, Silver Springs

Starts from the last sale price (AED 1.17M, 23 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,170,000
Deposit, UAE resident (20%)
AED 234,000
Deposit, non-resident (40%)
AED 468,000
Monthly over 25 years at 3.7%
AED 4,787

Plus AED 54,150 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →