2-bed · 1,427 sqftSilverene Tower A, Dubai Marina · 11th floor · completed 2011

1108, Silverene Tower A

Sold prices and rental history: sold 3 times, last in September 2013, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1108 · DLD and Ejari recordsUpdated 1 April 2018
Last soldAED 1.88M5 September 2013
Current rentAED 195K /yr1 April 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1108, Silverene Tower A

What is 1108 worth today?

Last sold for AED 1,881,000 in 2013

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1 Apr 2018RentedNew contract
AED 195,000/yr12 months · AED 136 per sqft
1 Apr 2016RentedRenewal
AED 195,000/yr12 months · AED 136 per sqft
1 Apr 2015RentedNew contract
AED 195,000/yr12 months · AED 136 per sqft
25 Mar 2014RentedNew contract
AED 190,000/yr12 months · AED 133 per sqft
5 Sep 2013SoldReady
AED 1,881,000AED 1,317 per sqft
10 Mar 2013RentedNew contract
AED 165,000/yr12 months · AED 115 per sqft
26 Apr 2011SoldOff-plan
AED 1,505,100AED 1,054 per sqft
22 Apr 2009Sold by developerOff-plan
AED 1,881,000AED 1,317 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 April 2018.

Key facts

Type
2-bed apartment
Size
1,427 sqft
Floor
11th of 34
Parking
B3-70,B3-70T
Developer
Cayan Real Estate Investment & Development
Completed
2011
Service charge
AED 31,900 /yr
Last sold
AED 1.88M · September 2013

About 1108, Silverene Tower A

1108 is a two-bedroom apartment of 1,427 sqft on the 11th floor of Silverene Tower A, a 34-storey tower in Dubai Marina completed in 2011 by Cayan Real Estate Investment & Development. It last sold on 5 September 2013 for AED 1,881,000, or AED 1,317 per sqft, in line with the AED 1,324 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 1 April 2018, is AED 195,000 a year: a gross yield of 10.4% on the 2013 price, before the service charge of about AED 31,900 a year.

Sales and rents for 1108 over time

Sales
Unit 1108, each saleTypical two-bed in Silverene Tower A
1M2M3M2009201420192024Typical sale price by year: 2009 AED 1,520,000; 2010 AED 1,460,250; 2011 AED 1,225,000; 2012 AED 1,534,500; 2013 AED 1,768,000; 2014 AED 2,400,000; 2015 AED 2,300,000; 2016 AED 2,175,000; 2017 AED 2,300,000; 2018 AED 2,300,000; 2020 AED 1,560,000; 2021 AED 1,750,000; 2022 AED 2,050,000; 2023 AED 2,350,000; 2024 AED 2,500,000; 2025 AED 2,800,000Sold by developer, April 2009: AED 1,881,000 (AED 1,317 per sqft)Sold, April 2011: AED 1,505,100 (AED 1,054 per sqft)Sold, September 2013: AED 1,881,000 (AED 1,317 per sqft)

1108 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1108, each contractTypical two-bed in Silverene Tower A
150K200K2012201620202024Typical rent by year: 2012 AED 125,285; 2013 AED 126,000; 2014 AED 150,000; 2015 AED 155,000; 2016 AED 155,000; 2017 AED 150,000; 2018 AED 146,000; 2019 AED 130,000; 2020 AED 115,000; 2021 AED 120,000; 2022 AED 130,000; 2023 AED 145,000; 2024 AED 154,000; 2025 AED 160,000; 2026 AED 162,500New contract, March 2013: AED 165,000 a yearNew contract, March 2014: AED 190,000 a yearNew contract, April 2015: AED 195,000 a yearRenewal, April 2016: AED 195,000 a yearNew contract, April 2018: AED 195,000 a year

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

2-beds in Silverene Tower A, and where 1108 sits

All 112 2-beds →

1108 last sold in September 2013 at AED 1,317 per sqft, in line with what two-beds in Silverene Tower A were fetching at the time (AED 1,324). Over the last 12 months two-beds sold for AED 3,500,000 to 4,100,000, around AED 2,440 per sqft, and rent for AED 107,525 to 220,000 a year. 1108's AED 195,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
2 Feb 20264,100,000
2 Jan 20263,500,000
21 Jul 20252,850,000
17 Jul 20252,550,000
2 2-bed sales in the last 12 months

Silverene Tower A

Building

266 apartments, 1-bed to 5-bed over 34 floors in Dubai Marina, completed in 2011 by Cayan Real Estate Investment & Development. 6 sold in the last 12 months.

Typical price per sqft
AED 2,440
Typical sale
AED 3.5M
Typical rent
AED 150K /yr
Typical yield
6.0%
Silverene Tower A, Dubai Marina: prices, sales and rents →

Other units on the 11th floor

All 266 units in Silverene Tower A
Value
11012-bedAED 1.13M · Oct 2012
11021-bedAED 1.38M · Jun 2021
11031-bedAED 945K · May 2019
11041-bedAED 1.27M · Apr 2023
11051-bedAED 700K · Sep 2016
11062-bedAED 2.2M · Dec 2015
11072-bedAED 2.55M · Sep 2023
1–7 of 9

1108, Silverene Tower A in numbers

  • Sold 3 times: first on 22 April 2009 for AED 1,881,000, last on 5 September 2013 for AED 1,881,000 (AED 1,317 per sqft).
  • Rented since March 2013 on 5 Ejari contracts, from AED 165,000 to AED 195,000 a year.
  • At AED 195,000 a year the gross yield on the 2013 price is 10.4%, before a service charge of about AED 31,900 a year (AED 22.32 per sqft).
  • Two-beds in Silverene Tower A sold for AED 3,500,000–4,100,000 in the 12 months to November 2026; the building's median across all types is AED 2,440 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 1 April 2018.

Questions about 1108, Silverene Tower A

What did unit 1108 last sell for?

AED 1,881,000 on 5 September 2013: AED 1,317 per sqft for 1,427 sqft. The unit has 3 registered sales; the first was AED 1,881,000 in April 2009.

What is the rent for unit 1108?

AED 195,000 a year on the contract signed on 1 April 2018. The previous contract, from April 2016, was AED 195,000; the unit has been rented since March 2013.

How big is unit 1108?

1,427 sqft (132.6 sqm): a two-bedroom apartment on the 11th floor of a 34-storey tower completed in 2011.

What is unit 1108 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Silverene Tower A sold for AED 3,500,000 to 4,100,000 in the last 12 months, around AED 2,440 per sqft.

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Mortgage on 1108, Silverene Tower A

Starts from the last sale price (AED 1.88M, 5 September 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,881,000
Deposit, UAE resident (20%)
AED 376,200
Deposit, non-resident (40%)
AED 752,400
Monthly over 25 years at 3.7%
AED 7,696

Plus AED 84,012 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →