PropertyIndex

Silver Springs 3

Completed · Q1 2024|258 villas

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Silver Springs 3 is a completed land development by DAMAC CRESCENT PROPERTIES in Damac Hills, Al Hebiah Third, comprising 258 registered villas. 359 sales are registered with the Dubai Land Department, at a current PIX© price of AED 2,039 per sqft. At AED 2,039 per sqft, Silver Springs 3 prices 28% above the Damac Hills average of AED 1,599 per sqft on registered sales.

PIX© price · 10.2% YoY
4.56MAED
Typical
2,039AED
PSF
Gross yield
4.8%
PIX© rent ÷ PIX© price
Sale records
359
DLD · all time
Rent contracts
136
Ejari · all time
Silver Springs 3

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
1,433 – 4,180 sqft
2584.56M2,03910.2%220K4.8%
Residential
3 Bed · Villa
1,433 – 1,452 sqft
6
4 Bed · Villa
1,483 – 4,149 sqft
166
5 Bed · Villa
2,520 – 3,725 sqft
79
6 Bed · Villa
3,511 – 4,180 sqft
7
Land
Land
4,149 – 5,086 sqft
Sales — Project-Wide359 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
24 Jul 20264 Bed1,7693,300,0001,865+21.1%Entry LevelStandard Sale
24 Jul 20264 Bed1,7103,620,0002,117+21.3%StandardPayment Plan Sale
16 Jul 20263 Bed1,4332,750,0001,919+31.7%StandardLease-to-Own
Rentals — Project-Wide136 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
9 Sep 20264 Bed2,321145,00062Entry Levelrenewal
28 Aug 20264 Bed1,499155,000103Entry Levelnew
15 Aug 20264 Bed1,940210,000108Standardnew

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 3

Answered from Dubai Land Department registered transactions.

How much does a property in Silver Springs 3 cost?

Property in Silver Springs 3 sells at a current PIX© price of AED 2,039 per sqft, or about AED 4,557,744 for a typical unit, based on 359 sales registered with the Dubai Land Department.

Is Silver Springs 3 completed?

Yes. Silver Springs 3 is recorded as completed in the Dubai Land Department project register (completed q1 2024).

Who is the developer of Silver Springs 3?

Silver Springs 3 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 3?

Silver Springs 3 yields 4.8% gross, calculated from current PIX© rent against current PIX© sale price, across 136 registered Ejari contracts.

How many villas are in Silver Springs 3?

Silver Springs 3 holds 258 registered villas, per the Dubai Land Department unit register.

Have prices in Silver Springs 3 gone up or down?

Price per sqft has risen +10.2% over the last 12 months, to AED 2,039, across 359 registered sales.