5-bed · 3,628 sqftSilver Springs, Damac Hills · completed 2016

M151B, Silver Springs

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

Villa M151B · DLD and Ejari recordsUpdated 1 August 2024
Last soldAED 3.98M11 July 2017
Current rentAED 336K /yr1 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for M151B, Silver Springs

What is M151B worth today?

Last sold for AED 3,977,000 in 2017

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1 Aug 2024RentedRenewal
AED 336,000/yr12 months · AED 93 per sqft
1 Aug 2023RentedNew contract
AED 320,000/yr12 months · AED 88 per sqft
7 Sep 2022RentedNew contract
AED 280,000/yr12 months · AED 77 per sqft
8 Sep 2021RentedNew contract
AED 230,000/yr12 months · AED 63 per sqft
27 Sep 2020RentedRenewal
AED 150,000/yr12 months · AED 41 per sqft
27 Sep 2019RentedRenewal
AED 175,000/yr12 months · AED 48 per sqft
27 Sep 2018RentedNew contract
AED 175,000/yr12 months · AED 48 per sqft
11 Jul 2017Sold by developerReady
AED 3,977,000AED 1,096 per sqft

Source: Dubai Land Department. Updated 1 August 2024.

Key facts

Type
5-bed villa
Size
3,628 sqft
Developer
DAMAC
Completed
2016
Last sold
AED 3.98M · July 2017

About M151B, Silver Springs

M151B is a five-bedroom villa of 3,628 sqft in Silver Springs, a villa community in Damac Hills completed in 2016 by DAMAC. The developer sold it on 11 July 2017 for AED 3,977,000, or AED 1,096 per sqft, 5% above the AED 1,042 five-beds in the community were fetching at the time.

It has been rented continuously since 2017 on 8 Ejari contracts. The current contract, renewed on 1 August 2024, is AED 336,000 a year: a gross yield of 8.5% on the 2017 price.

Sales and rents for M151B over time

Sales
Villa M151B, 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, July 2017: AED 3,977,000 (AED 1,096 per sqft)

M151B has sold once; the dashed line is the five-bed median of each year in the community.

Rents
Villa M151B, 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, July 2017: AED 210,000 a yearNew contract, September 2018: AED 175,000 a yearRenewal, September 2019: AED 175,000 a yearRenewal, September 2020: AED 150,000 a yearNew contract, September 2021: AED 230,000 a yearNew contract, September 2022: AED 280,000 a yearNew contract, August 2023: AED 320,000 a yearRenewal, August 2024: AED 336,000 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 M151B sits

All 88 5-beds →

M151B last sold in July 2017 at AED 1,096 per sqft, 5% above what five-beds in Silver Springs were fetching at the time (AED 1,042).

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 →

M151B, Silver Springs in numbers

  • Sold once: by DAMAC on 11 July 2017 for AED 3,977,000, or AED 1,096 per sqft.
  • Rented since July 2017 on 8 Ejari contracts. The rent fell from AED 210,000 to AED 150,000 in 2020 and recovered to AED 336,000 by August 2024.
  • At AED 336,000 a year the gross yield on the 2017 price is 8.5%.

Source: Dubai Land Department. Updated 1 August 2024.

Questions about M151B, Silver Springs

What did villa M151B last sell for?

AED 3,977,000 on 11 July 2017, sold by the developer: AED 1,096 per sqft for 3,628 sqft. It is the only registered sale of the villa.

What is the rent for villa M151B?

AED 336,000 a year on the contract renewed on 1 August 2024. The previous contract, from August 2023, was AED 320,000; the villa has been rented since July 2017.

How big is villa M151B?

3,628 sqft (337.1 sqm): a five-bedroom villa in Silver Springs, completed in 2016.

What is villa M151B 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 M151B, Silver Springs

Starts from the last sale price (AED 3.98M, 11 July 2017). Switch to today's estimate once you have unlocked it.
Price
AED 3,977,000
Deposit, UAE resident (20%)
AED 795,400
Deposit, non-resident (40%)
AED 1,590,800
Monthly over 25 years at 3.7%
AED 16,271

Plus AED 172,044 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →