2-bed · 1,441 sqftSilverene Tower A, Dubai Marina · 4th floor · completed 2011

409, Silverene Tower A

Sold prices and rental history: sold 5 times, last in October 2017, and rented once, from February 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 409 · DLD and Ejari recordsUpdated 31 October 2017
Last soldAED 2.69M31 October 2017
Current rentAED 158K /yr2 February 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 409, Silverene Tower A

What is 409 worth today?

Last sold for AED 2,685,000 in 2017

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31 Oct 2017SoldReady
AED 2,685,000AED 1,862 per sqft
31 Mar 2014SoldReady
AED 3,200,000AED 2,220 per sqft
2 Feb 2014RentedNew contract
AED 157,500/yr12 months · AED 109 per sqft
4 Oct 2012SoldReady
AED 2,000,000AED 1,387 per sqft
2 Oct 2012SoldReady
AED 1,840,000AED 1,276 per sqft
19 Jul 2011Sold by developerOff-plan
AED 1,840,000AED 1,276 per sqft

Source: Dubai Land Department. Updated 31 October 2017.

Key facts

Type
2-bed apartment
Size
1,441 sqft
Floor
4th of 34
Parking
B3-126,B3-127
Developer
Cayan Real Estate Investment & Development
Completed
2011
Service charge
AED 32,200 /yr
Last sold
AED 2.69M · October 2017

About 409, Silverene Tower A

409 is a two-bedroom apartment of 1,441 sqft on the 4th 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 31 October 2017 for AED 2,685,000, or AED 1,862 per sqft, in line with the AED 1,883 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 2 February 2014. The current contract, signed on 2 February 2014, is AED 157,500 a year: a gross yield of 5.9% on the 2017 price, before the service charge of about AED 32,200 a year.

Sales and rents for 409 over time

Sales
Unit 409, each saleTypical two-bed in Silverene Tower A
1M2M3M2009201420192024Typical sale price by year: 2009 AED 1,511,500; 2010 AED 1,460,250; 2011 AED 1,232,500; 2012 AED 1,534,500; 2013 AED 1,754,000; 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; 2019 AED 1,700,000; 2020 AED 1,560,000; 2021 AED 1,750,000; 2022 AED 2,050,000; 2023 AED 2,394,442; 2024 AED 2,500,000; 2025 AED 2,800,000; 2026 AED 2,523,908Sold by developer, July 2011: AED 1,840,000 (AED 1,276 per sqft)Sold, October 2012: AED 2,000,000 (AED 1,387 per sqft)Sold, October 2012: AED 1,840,000 (AED 1,276 per sqft)Sold, March 2014: AED 3,200,000 (AED 2,220 per sqft)Sold, October 2017: AED 2,685,000 (AED 1,862 per sqft)

409 has sold 5 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 409, each contractTypical two-bed in Silverene Tower A
125K150K2012201620202024Typical rent by year: 2012 AED 125,285; 2013 AED 130,000; 2014 AED 150,000; 2015 AED 155,000; 2016 AED 155,000; 2017 AED 150,000; 2018 AED 147,500; 2019 AED 130,000; 2020 AED 115,000; 2021 AED 115,000; 2022 AED 130,000; 2023 AED 140,000; 2024 AED 157,906; 2025 AED 160,000; 2026 AED 160,000New contract, February 2014: AED 157,500 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 409 sits

All 117 2-beds →

409 last sold in October 2017 at AED 1,862 per sqft, in line with what two-beds in Silverene Tower A were fetching at the time (AED 1,883). Over the last 12 months two-beds sold for AED 2,025,000 to 4,100,000, around AED 2,310 per sqft, and rent for AED 80,194 to 220,000 a year. 409's AED 157,500 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
28 Sep 20262,250,000
11 May 20262,025,000
24 Apr 20262,525,000
4 Mar 20262,522,816
6 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. 19 sold in the last 12 months.

Typical price per sqft
AED 2,376 Down 0.6%
Typical sale
AED 2.25M
Typical rent
AED 131K /yr
Typical yield
5.7%
Silverene Tower A, Dubai Marina: prices, sales and rents →

Other units on the 4th floor

All 266 units in Silverene Tower A
Value
4012-bedAED 1.7M · Jan 2014
4021-bedAED 1.24M · Apr 2018
4031-bedAED 1.45M · Aug 2026
4041-bedAED 850K · Mar 2013
4051-bedAED 962K · Dec 2012
4062-bedAED 1.21M · Jan 2013
4072-bedAED 2.2M · Feb 2014
1–7 of 9

409, Silverene Tower A in numbers

  • Sold 5 times: first on 19 July 2011 for AED 1,840,000, last on 31 October 2017 for AED 2,685,000 (AED 1,862 per sqft).
  • Rented since February 2014 on one Ejari contract, at AED 157,500 a year.
  • At AED 157,500 a year the gross yield on the 2017 price is 5.9%, before a service charge of about AED 32,200 a year (AED 22.32 per sqft).
  • Two-beds in Silverene Tower A sold for AED 2,025,000–4,100,000 in the 12 months to November 2026; the building's median across all types is AED 2,376 per sqft.

Source: Dubai Land Department. Updated 31 October 2017.

Questions about 409, Silverene Tower A

What did unit 409 last sell for?

AED 2,685,000 on 31 October 2017: AED 1,862 per sqft for 1,441 sqft. The unit has 5 registered sales; the first was AED 1,840,000 in July 2011.

What is the rent for unit 409?

AED 157,500 a year on the contract signed on 2 February 2014.

How big is unit 409?

1,441 sqft (133.9 sqm): a two-bedroom apartment on the 4th floor of a 34-storey tower completed in 2011.

What is unit 409 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 2,025,000 to 4,100,000 in the last 12 months, around AED 2,310 per sqft.

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Mortgage on 409, Silverene Tower A

Starts from the last sale price (AED 2.69M, 31 October 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,685,000
Deposit, UAE resident (20%)
AED 537,000
Deposit, non-resident (40%)
AED 1,074,000
Monthly over 25 years at 3.7%
AED 10,985

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →