506, Silverene Tower A
Sold prices and rental history: sold 3 times, last in March 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Silverene Tower A
What is 506 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 11 March 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,057 sqft
- Floor
- 5th of 34
- Parking
- B3-138
- Developer
- Cayan Real Estate Investment & Development
- Completed
- 2011
- Service charge
- AED 23,600 /yr
- Last sold
- AED 2.55M · March 2024
- Building
- Silverene Tower A
About 506, Silverene Tower A
506 is a two-bedroom apartment of 1,057 sqft on the 5th 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 11 March 2024 for AED 2,550,000, or AED 2,411 per sqft, 7% above the AED 2,250 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 13 Ejari contracts. The current contract, renewed on 1 September 2023, is AED 120,000 a year: a gross yield of 4.7% on the 2024 price, before the service charge of about AED 23,600 a year.
Sales and rents for 506 over time
506 has sold 3 times; the dashed line is the two-bed median of each year in the building.
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 506 sits
All 112 2-beds →506 last sold in March 2024 at AED 2,411 per sqft, 7% above what two-beds in Silverene Tower A were fetching at the time (AED 2,250). 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. 506's AED 120,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Feb 20262 February 2026 | 1,557 sqft | 4,100,000 | 2,633 | ||
| 2 Jan 20262 January 2026 | 1,558 sqft | 3,500,000 | 2,246 | ||
| 21 Jul 202521 July 2025 | 1,059 sqft | 2,850,000 | 2,692 | ||
| 17 Jul 202517 July 2025 | 1,067 sqft | 2,550,000 | 2,390 |
Silverene Tower A
Building266 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%
Other units on the 5th floor
All 266 units in Silverene Tower A| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,067 sqft | AED 1.22MAED 1,220,000 · Feb 2013February 2013 | 160,000 /yr | |
| 502 | 1-bed | 832 sqft | AED 1.5MAED 1,500,000 · May 2015May 2015 | 100,000 /yr | |
| 503 | 1-bed | 609 sqft | AED 1.35MAED 1,350,000 · Nov 2014November 2014 | 97,500 /yr | |
| 504 | 1-bed | 602 sqft | AED 1.35MAED 1,350,000 · Nov 2014November 2014 | 105,000 /yr | |
| 505 | 1-bed | 825 sqft | AED 1.85MAED 1,850,000 · Dec 2022December 2022 | 120,000 /yr | |
| 507 | 2-bed | 1,059 sqft | AED 2.38MAED 2,384,723 · Jun 2018June 2018 | 150,000 /yr | |
| 508 | 2-bed | 1,427 sqft | AED 3.22MAED 3,215,277 · Jun 2018June 2018 | 173,000 /yr | |
| 509 | 2-bed | 1,441 sqft | AED 2.75MAED 2,750,000 · Feb 2017February 2017 | 170,000 /yr | |
| 510 | 2-bed | 1,067 sqft | AED 1.3MAED 1,300,000 · Dec 2012December 2012 | 156,000 /yr |
506, Silverene Tower A in numbers
- Sold 3 times: first on 21 April 2009 for AED 1,520,000, last on 11 March 2024 for AED 2,550,000 (AED 2,411 per sqft).
- Rented since April 2013 on 13 Ejari contracts. The rent fell from AED 135,000 to AED 105,000 in 2022 and recovered to AED 120,000 by September 2023.
- At AED 120,000 a year the gross yield on the 2024 price is 4.7%, before a service charge of about AED 23,600 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 11 March 2024.
Questions about 506, Silverene Tower A
What did unit 506 last sell for?
AED 2,550,000 on 11 March 2024: AED 2,411 per sqft for 1,057 sqft. The unit has 3 registered sales; the first was AED 1,520,000 in April 2009.
What is the rent for unit 506?
AED 120,000 a year on the contract renewed on 1 September 2023. The previous contract, from September 2022, was AED 105,000; the unit has been rented since April 2013.
How big is unit 506?
1,057 sqft (98.2 sqm): a two-bedroom apartment on the 5th floor of a 34-storey tower completed in 2011.
What is unit 506 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 506, Silverene Tower A
Starts from the last sale price (AED 2.55M, 11 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,550,000
- Deposit, UAE resident (20%)
- AED 510,000
- Deposit, non-resident (40%)
- AED 1,020,000
- Monthly over 25 years at 3.7%
- AED 10,433
Plus AED 112,110 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →