5-bed · 3,479 sqftSilver Springs, Damac Hills · completed 2016

M060B, Silver Springs

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

Villa M060B · DLD and Ejari recordsUpdated 16 July 2021
Last soldAED 3.12M17 December 2014
Current rentAED 130K /yr16 July 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for M060B, Silver Springs

What is M060B worth today?

Last sold for AED 3,122,130 in 2014

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16 Jul 2021RentedRenewal
AED 130,000/yr12 months · AED 37 per sqft
16 Jul 2017RentedNew contract
AED 170,000/yr12 months · AED 49 per sqft
17 Dec 2014Sold by developerOff-plan
AED 3,122,130AED 897 per sqft

Source: Dubai Land Department. Updated 16 July 2021.

Key facts

Type
5-bed villa
Size
3,479 sqft
Developer
DAMAC
Completed
2016
Last sold
AED 3.12M · December 2014

About M060B, Silver Springs

M060B is a five-bedroom villa of 3,479 sqft in Silver Springs, a villa community in Damac Hills completed in 2016 by DAMAC. The developer sold it on 17 December 2014 for AED 3,122,130, or AED 897 per sqft, 23% below the AED 1,169 five-beds in the community were fetching at the time.

It has been rented since 2017 on 2 Ejari contracts. The current contract, renewed on 16 July 2021, is AED 130,000 a year: a gross yield of 4.2% on the 2014 price.

Sales and rents for M060B over time

Sales
Villa M060B, each saleTypical five-bed in Silver Springs
5M2013201720212025Typical 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, December 2014: AED 3,122,130 (AED 897 per sqft)

M060B has sold once; the dashed line is the five-bed median of each year in the community.

Rents
Villa M060B, each contractTypical five-bed in Silver Springs
100K200K300K2017202020232026Typical 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, July 2017: AED 170,000 a yearRenewal, July 2021: AED 130,000 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 M060B sits

All 88 5-beds →

M060B last sold in December 2014 at AED 897 per sqft, 23% below what five-beds in Silver Springs were fetching at the time (AED 1,169).

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 →

M060B, Silver Springs in numbers

  • Sold once: by DAMAC on 17 December 2014 for AED 3,122,130, or AED 897 per sqft.
  • Rented since July 2017 on 2 Ejari contracts, from AED 170,000 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2014 price is 4.2%.

Source: Dubai Land Department. Updated 16 July 2021.

Questions about M060B, Silver Springs

What did villa M060B last sell for?

AED 3,122,130 on 17 December 2014, sold by the developer: AED 897 per sqft for 3,479 sqft. It is the only registered sale of the villa.

What is the rent for villa M060B?

AED 130,000 a year on the contract renewed on 16 July 2021. The previous contract, from July 2017, was AED 170,000.

How big is villa M060B?

3,479 sqft (323.2 sqm): a five-bedroom villa in Silver Springs, completed in 2016.

What is villa M060B 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 M060B, Silver Springs

Starts from the last sale price (AED 3.12M, 17 December 2014). Switch to today's estimate once you have unlocked it.
Price
AED 3,122,130
Deposit, UAE resident (20%)
AED 624,426
Deposit, non-resident (40%)
AED 1,248,852
Monthly over 25 years at 3.7%
AED 12,774

Plus AED 136,139 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →