5-bed · 3,725 sqftSilver Springs, Damac Hills · completed 2016

M115B, Silver Springs

Sold prices and rental history: sold twice, last in March 2019, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa M115B · DLD and Ejari recordsUpdated 1 June 2020
Last soldAED 2.9M25 March 2019
Current rentAED 165K /yr1 June 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for M115B, Silver Springs

What is M115B worth today?

Last sold for AED 2,900,000 in 2019

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1 Jun 2020RentedRenewal
AED 165,000/yr21 months · AED 44 per sqft
1 Jun 2019RentedNew contract
AED 165,000/yr12 months · AED 44 per sqft
25 Mar 2019SoldReady
AED 2,900,000AED 778 per sqft
1 Mar 2018RentedRenewal
AED 200,000/yr12 months · AED 54 per sqft
24 Mar 2014Sold by developerOff-plan
AED 4,283,750AED 1,150 per sqft

Source: Dubai Land Department. Updated 1 June 2020.

Key facts

Type
5-bed villa
Size
3,725 sqft
Developer
DAMAC
Completed
2016
Last sold
AED 2.9M · March 2019

About M115B, Silver Springs

M115B is a five-bedroom villa of 3,725 sqft in Silver Springs, a villa community in Damac Hills completed in 2016 by DAMAC. It last sold on 25 March 2019 for AED 2,900,000, or AED 778 per sqft, 5% below the AED 815 five-beds in the community were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, renewed on 1 June 2020, is AED 165,000 a year: a gross yield of 5.7% on the 2019 price.

Sales and rents for M115B over time

Sales
Villa M115B, 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, March 2014: AED 4,283,750 (AED 1,150 per sqft)Sold, March 2019: AED 2,900,000 (AED 778 per sqft)

M115B has sold twice; the dashed line is the five-bed median of each year in the community.

Rents
Villa M115B, 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 345,000Renewal, March 2018: AED 200,000 a yearNew contract, June 2019: AED 165,000 a yearRenewal, June 2020: AED 165,000 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 M115B sits

All 88 5-beds →

M115B last sold in March 2019 at AED 778 per sqft, 5% below what five-beds in Silver Springs were fetching at the time (AED 815).

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 →

M115B, Silver Springs in numbers

  • Sold twice: first on 24 March 2014 for AED 4,283,750, last on 25 March 2019 for AED 2,900,000 (AED 778 per sqft).
  • Rented since March 2018 on 3 Ejari contracts, from AED 200,000 to AED 165,000 a year.
  • At AED 165,000 a year the gross yield on the 2019 price is 5.7%.

Source: Dubai Land Department. Updated 1 June 2020.

Questions about M115B, Silver Springs

What did villa M115B last sell for?

AED 2,900,000 on 25 March 2019: AED 778 per sqft for 3,725 sqft. The villa has 2 registered sales; the first was AED 4,283,750 in March 2014.

What is the rent for villa M115B?

AED 165,000 a year on the contract renewed on 1 June 2020. The previous contract, from June 2019, was AED 165,000; the villa has been rented since March 2018.

How big is villa M115B?

3,725 sqft (346.1 sqm): a five-bedroom villa in Silver Springs, completed in 2016.

What is villa M115B 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 M115B, Silver Springs

Starts from the last sale price (AED 2.9M, 25 March 2019). Switch to today's estimate once you have unlocked it.
Price
AED 2,900,000
Deposit, UAE resident (20%)
AED 580,000
Deposit, non-resident (40%)
AED 1,160,000
Monthly over 25 years at 3.7%
AED 11,865

Plus AED 126,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →