1-bed · 595 sqftSilverene Tower B, Dubai Marina · 6th floor · completed 2011

604, Silverene Tower B

Sold prices and rental history: sold 4 times, last in May 2021, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 604 · DLD and Ejari recordsUpdated 16 April 2024
Last soldAED 1.28M19 May 2021
Current rentAED 104K /yr16 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 604, Silverene Tower B

What is 604 worth today?

Last sold for AED 1,275,000 in 2021

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16 Apr 2024RentedRenewal
AED 104,000/yr12 months · AED 175 per sqft
16 Apr 2023RentedRenewal
AED 95,000/yr12 months · AED 160 per sqft
19 May 2021SoldReady
AED 1,275,000AED 2,144 per sqft
16 Apr 2021RentedRenewal
AED 70,000/yr12 months · AED 118 per sqft
16 Apr 2020RentedRenewal
AED 85,000/yr12 months · AED 144 per sqft
16 Apr 2019RentedRenewal
AED 93,000/yr12 months · AED 157 per sqft
16 Nov 2016RentedRenewal
AED 100,000/yr12 months · AED 169 per sqft
16 Nov 2015RentedRenewal
AED 100,000/yr12 months · AED 169 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 16 April 2024.

Key facts

Type
1-bed apartment
Size
595 sqft
Floor
6th of 25
Parking
G-11
Developer
Cayan Real Estate Investment & Development
Completed
2011
Service charge
AED 13,300 /yr
Last sold
AED 1.28M · May 2021

About 604, Silverene Tower B

604 is a one-bedroom apartment of 595 sqft on the 6th floor of Silverene Tower B, a 25-storey tower in Dubai Marina completed in 2011 by Cayan Real Estate Investment & Development. It last sold on 19 May 2021 for AED 1,275,000, or AED 2,144 per sqft, 51% above the AED 1,422 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, renewed on 16 April 2024, is AED 104,000 a year: a gross yield of 8.2% on the 2021 price, before the service charge of about AED 13,300 a year.

Sales and rents for 604 over time

Sales
Unit 604, each saleTypical one-bed in Silverene Tower B
1M1.5M2M2007201220172022Typical sale price by year: 2007 AED 873,000; 2008 AED 750,000; 2009 AED 810,000; 2010 AED 841,000; 2011 AED 801,000; 2012 AED 850,000; 2013 AED 873,000; 2014 AED 1,450,000; 2015 AED 1,402,500; 2016 AED 1,600,000; 2017 AED 1,410,000; 2018 AED 1,435,000; 2019 AED 950,000; 2020 AED 925,000; 2021 AED 1,275,000; 2022 AED 1,350,000; 2023 AED 1,500,000; 2024 AED 1,647,500; 2025 AED 1,840,000Sold by developer, April 2009: AED 756,000 (AED 1,271 per sqft)Sold, December 2012: AED 756,000 (AED 1,271 per sqft)Sold, February 2014: AED 1,300,000 (AED 2,186 per sqft)Sold, May 2021: AED 1,275,000 (AED 2,144 per sqft)

604 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 604, each contractTypical one-bed in Silverene Tower B
80K100K2012201620202024Typical rent by year: 2012 AED 85,000; 2013 AED 85,000; 2014 AED 94,500; 2015 AED 104,000; 2016 AED 105,000; 2017 AED 100,000; 2018 AED 95,000; 2019 AED 86,500; 2020 AED 80,000; 2021 AED 74,279; 2022 AED 82,000; 2023 AED 100,000; 2024 AED 105,000; 2025 AED 110,000; 2026 AED 110,000Renewal, November 2015: AED 100,000 a yearRenewal, November 2016: AED 100,000 a yearRenewal, April 2019: AED 93,000 a yearRenewal, April 2020: AED 85,000 a yearRenewal, April 2021: AED 70,000 a yearRenewal, April 2023: AED 95,000 a yearRenewal, April 2024: AED 104,000 a year

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

1-beds in Silverene Tower B, and where 604 sits

All 173 1-beds →

604 last sold in May 2021 at AED 2,144 per sqft, 51% above what one-beds in Silverene Tower B were fetching at the time (AED 1,422). Over the last 12 months one-beds sold for AED 1,470,000 to 2,275,000, around AED 2,606 per sqft, and rent for AED 72,000 to 155,000 a year. 604's AED 104,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
13 Feb 20261,470,000
8 Jan 202656,923
15 Dec 20252,275,000
12 May 20251,795,000
3 1-bed sales in the last 12 months

Silverene Tower B

Building

316 apartments, studios to 3-bed over 25 floors in Dubai Marina, completed in 2011 by Cayan Real Estate Investment & Development. 5 sold in the last 12 months.

Typical price per sqft
AED 2,662
Typical sale
AED 1.44M
Typical rent
AED 103K /yr
Typical yield
5.9%
Silverene Tower B, Dubai Marina: prices, sales and rents →

Other units on the 6th floor

All 316 units in Silverene Tower B
Value
6012-bedAED 1.04M · Jul 2023
6021-bedAED 972K · Dec 2012
6031-bedAED 1.3M · Dec 2017
6051-bedAED 972K · Dec 2012
606StudioAED 549K · Dec 2012
607StudioAED 549K · Dec 2012
608StudioAED 549K · Dec 2012
1–7 of 13

604, Silverene Tower B in numbers

  • Sold 4 times: first on 27 April 2009 for AED 756,000, last on 19 May 2021 for AED 1,275,000 (AED 2,144 per sqft).
  • Rented since November 2015 on 7 Ejari contracts. The rent fell from AED 100,000 to AED 70,000 in 2021 and recovered to AED 104,000 by April 2024.
  • At AED 104,000 a year the gross yield on the 2021 price is 8.2%, before a service charge of about AED 13,300 a year (AED 22.32 per sqft).
  • One-beds in Silverene Tower B sold for AED 1,470,000–2,275,000 in the 12 months to November 2026; the building's median across all types is AED 2,662 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 16 April 2024.

Questions about 604, Silverene Tower B

What did unit 604 last sell for?

AED 1,275,000 on 19 May 2021: AED 2,144 per sqft for 595 sqft. The unit has 4 registered sales; the first was AED 756,000 in April 2009.

What is the rent for unit 604?

AED 104,000 a year on the contract renewed on 16 April 2024. The previous contract, from April 2023, was AED 95,000; the unit has been rented since November 2015.

How big is unit 604?

595 sqft (55.3 sqm): a one-bedroom apartment on the 6th floor of a 25-storey tower completed in 2011.

What is unit 604 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Silverene Tower B sold for AED 1,470,000 to 2,275,000 in the last 12 months, around AED 2,606 per sqft.

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Mortgage on 604, Silverene Tower B

Starts from the last sale price (AED 1.28M, 19 May 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,275,000
Deposit, UAE resident (20%)
AED 255,000
Deposit, non-resident (40%)
AED 510,000
Monthly over 25 years at 3.7%
AED 5,216

Plus AED 58,560 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →