PropertyIndex

Silver Springs

Completed · Q3 2016|163 villas

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Silver Springs is a completed land development by DAMAC CRESCENT PROPERTIES in Damac Hills, Al Hebiah Third, comprising 163 registered villas. 326 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,280 per sqft. At AED 1,280 per sqft, Silver Springs prices 20% below the Damac Hills average of AED 1,599 per sqft on registered sales.

PIX© price · 3.6% YoY
6.51MAED
Typical
1,280AED
PSF
Gross yield
6.6%
PIX© rent ÷ PIX© price
Sale records
326
DLD · all time
Rent contracts
653
Ejari · all time
Silver Springs

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

TypeUnitsPIX© PricePIX© PSFPSF YoYPIX© Rent /yrYield
PIX© Core
Project-Wide
3,466 – 13,095 sqft
1636.51M1,2803.6%428K6.6%
Residential
2 Bed · Villa
7,032 – 10,903 sqft
2
3 Bed · Villa
3,466 – 4,465 sqft
62
4 Bed · Villa
4,041 – 7,622 sqft
12
5 Bed · Villa
4,146 – 7,636 sqft
82
6 Bed · Villa
10,894 – 13,095 sqft
5
Villa (Bedrooms Unknown)
12,141 – 13,095 sqft
Land
Land
1,938 – 7,636 sqft
Sales — Project-Wide326 DLD records
PIX© price analysis
PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range
PSF range
Avg size
Cash : mortgage
Off-plan : ready
Latest transactions
DateUnitSizePricePSFvs Prior SaleTierType
30 Jun 20265 Bed5,8847,550,0001,283+98.7%StandardStandard Sale
23 Jun 20263 Bed3,4884,550,0001,305+70.5%Entry LevelStandard Sale
19 May 20263 Bed3,4884,900,0001,405+96.0%StandardStandard Sale
Rentals — Project-Wide653 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Latest contracts
Start DateUnitSizeRent / YrRent PSFvs Prior RentTierType
1 Sep 20265 Bed5,993340,00057Standardnew
18 Jul 20263 Bed3,488176,78951+10.0%Standardrenewal
1 Jul 20264 Bed4,272234,00055+20.0%Standardrenewal

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Comparable projects in Damac Hills

The closest-priced registered projects in Damac Hills.

Common questions about Silver Springs

Answered from Dubai Land Department registered transactions.

How much does a property in Silver Springs cost?

Property in Silver Springs sells at a current PIX© price of AED 1,280 per sqft, or about AED 6,511,734 for a typical unit, based on 326 sales registered with the Dubai Land Department.

Is Silver Springs completed?

Yes. Silver Springs is recorded as completed in the Dubai Land Department project register (completed q3 2016).

Who is the developer of Silver Springs?

Silver Springs is developed by DAMAC CRESCENT PROPERTIES, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Silver Springs?

Silver Springs yields 6.6% gross, calculated from current PIX© rent against current PIX© sale price, across 653 registered Ejari contracts.

How many villas are in Silver Springs?

Silver Springs holds 163 registered villas, per the Dubai Land Department unit register.

Have prices in Silver Springs gone up or down?

Price per sqft has risen +3.6% over the last 12 months, to AED 1,280, across 326 registered sales.