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3-bed · 2,723 sqftSilver Springs, Damac Hills · completed 2016

M153B, Silver Springs

Sold prices and rental history: sold 3 times, last in July 2018, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa M153B · DLD and Ejari recordsUpdated 21 September 2018
Last soldAED 2.2M8 July 2018
Current rentAED 159K /yr21 September 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for M153B, Silver Springs

What is M153B worth today?

Last sold for AED 2,200,000 in 2018

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21 Sep 2018RentedNew contract
AED 159,144/yr6 months · AED 58 per sqft
8 Jul 2018SoldReady
AED 2,200,000AED 807 per sqft
22 Jun 2017RentedNew contract
AED 150,000/yr12 months · AED 55 per sqft
3 Aug 2014SoldOff-plan
AED 2,995,300AED 1,100 per sqft
27 Aug 2013Sold by developerOff-plan
AED 2,532,600AED 930 per sqft

Source: Dubai Land Department. Updated 21 September 2018.

Key facts

Type
3-bed villa
Size
2,723 sqft
Developer
DAMAC
Completed
2016
Last sold
AED 2.2M · July 2018
Community
Silver Springs

About M153B, Silver Springs

M153B is a three-bedroom villa of 2,723 sqft in Silver Springs, a villa community in Damac Hills completed in 2016 by DAMAC. It last sold on 8 July 2018 for AED 2,200,000, or AED 807 per sqft, 8% below the AED 875 three-beds in the community were fetching at the time.

It has been rented since 2017 on 2 Ejari contracts. The current contract, signed on 21 September 2018, is AED 159,144 a year: a gross yield of 7.2% on the 2018 price.

Sales and rents for M153B over time

Sales
Villa M153B, each saleTypical three-bed in Silver Springs
2M4M2013201720212025Typical sale price by year: 2013 AED 2,450,700; 2014 AED 2,532,390; 2015 AED 2,450,700; 2017 AED 2,500,000; 2021 AED 2,600,000; 2022 AED 2,835,000; 2023 AED 3,250,000; 2024 AED 3,950,000; 2025 AED 4,540,000Sold by developer, August 2013: AED 2,532,600 (AED 930 per sqft)Sold, August 2014: AED 2,995,300 (AED 1,100 per sqft)Sold, July 2018: AED 2,200,000 (AED 807 per sqft)

M153B has sold 3 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa M153B, each contractTypical three-bed in Silver Springs
150K200K250K2017202020232026Typical rent by year: 2017 AED 150,000; 2018 AED 150,000; 2019 AED 130,000; 2020 AED 125,000; 2021 AED 130,000; 2022 AED 148,000; 2023 AED 180,000; 2024 AED 200,000; 2025 AED 235,000New contract, June 2017: AED 150,000 a yearNew contract, September 2018: AED 159,144 a year

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

3-beds in Silver Springs, and where M153B sits

All 65 3-beds →

M153B last sold in July 2018 at AED 807 per sqft, 8% below what three-beds in Silver Springs were fetching at the time (AED 875). Over the last 12 months three-beds sold for AED 4,540,000 to 4,800,000, around AED 1,670 per sqft.

Recent 3-bed salesVilla no.Price (AED)Summary
12 Feb 20264,800,000
27 Nov 20254,550,000
14 Nov 20254,540,000
28 Feb 20253,500,000
3 3-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 →

M153B, Silver Springs in numbers

  • Sold 3 times: first on 27 August 2013 for AED 2,532,600, last on 8 July 2018 for AED 2,200,000 (AED 807 per sqft).
  • Rented since June 2017 on 2 Ejari contracts, from AED 150,000 to AED 159,144 a year.
  • At AED 159,144 a year the gross yield on the 2018 price is 7.2%.
  • Three-beds in Silver Springs sold for AED 4,540,000–4,800,000 in the 12 months to November 2026; the community's median across all types is AED 1,670 per sqft.

Source: Dubai Land Department. Updated 21 September 2018.

Questions about M153B, Silver Springs

What did villa M153B last sell for?

AED 2,200,000 on 8 July 2018: AED 807 per sqft for 2,723 sqft. The villa has 3 registered sales; the first was AED 2,532,600 in August 2013.

What is the rent for villa M153B?

AED 159,144 a year on the contract signed on 21 September 2018. The previous contract, from June 2017, was AED 150,000.

How big is villa M153B?

2,723 sqft (253.0 sqm): a three-bedroom villa in Silver Springs, completed in 2016.

What is villa M153B worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Silver Springs sold for AED 4,540,000 to 4,800,000 in the last 12 months, around AED 1,670 per sqft.

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Mortgage on M153B, Silver Springs

Starts from the last sale price (AED 2.2M, 8 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,200,000
Deposit, UAE resident (20%)
AED 440,000
Deposit, non-resident (40%)
AED 880,000
Monthly over 25 years at 3.7%
AED 9,001

Plus AED 97,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →