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

M116B, Silver Springs

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

Villa M116B · DLD and Ejari recordsUpdated 15 January 2023
Last soldAED 4.28M31 March 2014
Current rentAED 160K /yr15 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for M116B, Silver Springs

What is M116B worth today?

Last sold for AED 4,283,750 in 2014

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15 Jan 2023RentedRenewal
AED 160,000/yr12 months · AED 43 per sqft
15 Jan 2022RentedRenewal
AED 160,000/yr12 months · AED 43 per sqft
15 Jan 2021RentedRenewal
AED 160,000/yr12 months · AED 43 per sqft
15 Jan 2020RentedNew contract
AED 170,000/yr12 months · AED 46 per sqft
1 Apr 2018RentedRenewal
AED 200,000/yr12 months · AED 54 per sqft
1 Apr 2017RentedNew contract
AED 200,000/yr12 months · AED 54 per sqft
31 Mar 2014Sold by developerOff-plan
AED 4,283,750AED 1,150 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 January 2023.

Key facts

Type
5-bed villa
Size
3,725 sqft
Developer
DAMAC
Completed
2016
Last sold
AED 4.28M · March 2014
Community
Silver Springs

About M116B, Silver Springs

M116B is a five-bedroom villa of 3,725 sqft in Silver Springs, a villa community in Damac Hills completed in 2016 by DAMAC. The developer sold it on 31 March 2014 for AED 4,283,750, or AED 1,150 per sqft, in line with the AED 1,160 five-beds in the community were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 15 January 2023, is AED 160,000 a year: a gross yield of 3.7% on the 2014 price.

Sales and rents for M116B over time

Sales
Villa M116B, 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)

M116B has sold once; the dashed line is the five-bed median of each year in the community.

Rents
Villa M116B, 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, April 2017: AED 200,000 a yearRenewal, April 2018: AED 200,000 a yearNew contract, January 2020: AED 170,000 a yearRenewal, January 2021: AED 160,000 a yearRenewal, January 2022: AED 160,000 a yearRenewal, January 2023: AED 160,000 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 M116B sits

All 88 5-beds →

M116B last sold in March 2014 at AED 1,150 per sqft, in line with what five-beds in Silver Springs were fetching at the time (AED 1,160).

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 →

M116B, Silver Springs in numbers

  • Sold once: by DAMAC on 31 March 2014 for AED 4,283,750, or AED 1,150 per sqft.
  • Rented since April 2017 on 6 Ejari contracts, from AED 200,000 to AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2014 price is 3.7%.

Source: YallaValue analysis of Dubai Land Department records. Updated 15 January 2023.

Questions about M116B, Silver Springs

What did villa M116B last sell for?

AED 4,283,750 on 31 March 2014, sold by the developer: AED 1,150 per sqft for 3,725 sqft. It is the only registered sale of the villa.

What is the rent for villa M116B?

AED 160,000 a year on the contract renewed on 15 January 2023. The previous contract, from January 2022, was AED 160,000; the villa has been rented since April 2017.

How big is villa M116B?

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

What is villa M116B 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 M116B, Silver Springs

Starts from the last sale price (AED 4.28M, 31 March 2014). Switch to today's estimate once you have unlocked it.
Price
AED 4,283,750
Deposit, UAE resident (20%)
AED 856,750
Deposit, non-resident (40%)
AED 1,713,500
Monthly over 25 years at 3.7%
AED 17,526

Plus AED 184,928 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →