5-bed · 3,339 sqftSilver Springs, Damac Hills · completed 2016

M163B, Silver Springs

Sold prices and rental history: sold twice, last in December 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa M163B · DLD and Ejari recordsUpdated 1 December 2023
Last soldAED 4.7M1 December 2023
Current rentAED 215K /yr15 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for M163B, Silver Springs

What is M163B worth today?

Last sold for AED 4,700,000 in 2023

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1 Dec 2023SoldReady
AED 4,700,000AED 1,407 per sqft
15 Nov 2022RentedRenewal
AED 215,000/yr12 months · AED 64 per sqft
15 Nov 2021RentedNew contract
AED 215,000/yr12 months · AED 64 per sqft
10 Nov 2020RentedNew contract
AED 165,000/yr12 months · AED 49 per sqft
21 Jun 2019RentedNew contract
AED 167,000/yr12 months · AED 50 per sqft
18 Jun 2018RentedRenewal
AED 185,000/yr12 months · AED 55 per sqft
18 Jun 2017RentedNew contract
AED 185,000/yr12 months · AED 55 per sqft
9 Apr 2014Sold by developerOff-plan
AED 3,272,500AED 980 per sqft

Source: Dubai Land Department. Updated 1 December 2023.

Key facts

Type
5-bed villa
Size
3,339 sqft
Developer
DAMAC
Completed
2016
Last sold
AED 4.7M · December 2023

About M163B, Silver Springs

M163B is a five-bedroom villa of 3,339 sqft in Silver Springs, a villa community in Damac Hills completed in 2016 by DAMAC. It last sold on 1 December 2023 for AED 4,700,000, or AED 1,407 per sqft, in line with the AED 1,382 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 November 2022, is AED 215,000 a year: a gross yield of 4.6% on the 2023 price.

Sales and rents for M163B over time

Sales
Villa M163B, 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, April 2014: AED 3,272,500 (AED 980 per sqft)Sold, December 2023: AED 4,700,000 (AED 1,407 per sqft)

M163B has sold twice; the dashed line is the five-bed median of each year in the community.

Rents
Villa M163B, 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, June 2017: AED 185,000 a yearRenewal, June 2018: AED 185,000 a yearNew contract, June 2019: AED 167,000 a yearNew contract, November 2020: AED 165,000 a yearNew contract, November 2021: AED 215,000 a yearRenewal, November 2022: AED 215,000 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 M163B sits

All 88 5-beds →

M163B last sold in December 2023 at AED 1,407 per sqft, in line with what five-beds in Silver Springs were fetching at the time (AED 1,382).

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 →

M163B, Silver Springs in numbers

  • Sold twice: first on 9 April 2014 for AED 3,272,500, last on 1 December 2023 for AED 4,700,000 (AED 1,407 per sqft).
  • Rented since June 2017 on 6 Ejari contracts. The rent fell from AED 185,000 to AED 165,000 in 2020 and recovered to AED 215,000 by November 2022.
  • At AED 215,000 a year the gross yield on the 2023 price is 4.6%.

Source: Dubai Land Department. Updated 1 December 2023.

Questions about M163B, Silver Springs

What did villa M163B last sell for?

AED 4,700,000 on 1 December 2023: AED 1,407 per sqft for 3,339 sqft. The villa has 2 registered sales; the first was AED 3,272,500 in April 2014.

What is the rent for villa M163B?

AED 215,000 a year on the contract renewed on 15 November 2022. The previous contract, from November 2021, was AED 215,000; the villa has been rented since June 2017.

How big is villa M163B?

3,339 sqft (310.2 sqm): a five-bedroom villa in Silver Springs, completed in 2016.

What is villa M163B 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 M163B, Silver Springs

Starts from the last sale price (AED 4.7M, 1 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 4,700,000
Deposit, UAE resident (20%)
AED 940,000
Deposit, non-resident (40%)
AED 1,880,000
Monthly over 25 years at 3.7%
AED 19,229

Plus AED 202,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →