2-bed · 1,059 sqftSilverene Tower A, Dubai Marina · 7th floor · completed 2011

707, Silverene Tower A

Sold prices and rental history: sold 4 times, last in February 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 707 · DLD and Ejari recordsUpdated 3 February 2022
Last soldAED 1.9M3 February 2022
Current rentAED 125K /yr1 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 707, Silverene Tower A

What is 707 worth today?

Last sold for AED 1,900,000 in 2022

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3 Feb 2022SoldReady
AED 1,900,000AED 1,794 per sqft
1 Feb 2022RentedRenewal
AED 125,000/yr12 months · AED 118 per sqft
1 Feb 2021RentedRenewal
AED 110,000/yr12 months · AED 104 per sqft
1 Feb 2020RentedNew contract
AED 117,000/yr12 months · AED 111 per sqft
1 Feb 2019RentedNew contract
AED 125,000/yr12 months · AED 118 per sqft
1 Feb 2018RentedNew contract
AED 150,000/yr12 months · AED 142 per sqft
1 May 2014SoldReady
AED 2,400,000AED 2,267 per sqft
15 Dec 2013RentedNew contract
AED 115,500/yr12 months · AED 109 per sqft

Source: Dubai Land Department. Updated 3 February 2022.

Key facts

Type
2-bed apartment
Size
1,059 sqft
Floor
7th of 34
Parking
B3-147
Developer
Cayan Real Estate Investment & Development
Completed
2011
Service charge
AED 23,600 /yr
Last sold
AED 1.9M · February 2022

About 707, Silverene Tower A

707 is a two-bedroom apartment of 1,059 sqft on the 7th 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 3 February 2022 for AED 1,900,000, or AED 1,794 per sqft, 16% above the AED 1,546 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 1 February 2022, is AED 125,000 a year: a gross yield of 6.6% on the 2022 price, before the service charge of about AED 23,600 a year.

Sales and rents for 707 over time

Sales
Unit 707, 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, April 2009: AED 1,377,000 (AED 1,300 per sqft)Sold, October 2012: AED 1,377,000 (AED 1,300 per sqft)Sold, May 2014: AED 2,400,000 (AED 2,267 per sqft)Sold, February 2022: AED 1,900,000 (AED 1,794 per sqft)

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

Rents
Unit 707, 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, December 2013: AED 115,500 a yearNew contract, February 2018: AED 150,000 a yearNew contract, February 2019: AED 125,000 a yearNew contract, February 2020: AED 117,000 a yearRenewal, February 2021: AED 110,000 a yearRenewal, February 2022: AED 125,000 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 707 sits

All 117 2-beds →

707 last sold in February 2022 at AED 1,794 per sqft, 16% above what two-beds in Silverene Tower A were fetching at the time (AED 1,546). 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. 707's AED 125,000 is in the lower 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 7th floor

All 266 units in Silverene Tower A
Value
7012-bedAED 2.05M · Nov 2022
7021-bedAED 1.83M · Jul 2017
7031-bedAED 1.28M · Apr 2014
7041-bedAED 639K · Oct 2012
7051-bedAED 1.57M · Mar 2013
7062-bedAED 2.23M · Mar 2016
7082-bedAED 1.85M · Dec 2012
1–7 of 9

707, Silverene Tower A in numbers

  • Sold 4 times: first on 21 April 2009 for AED 1,377,000, last on 3 February 2022 for AED 1,900,000 (AED 1,794 per sqft).
  • Rented since December 2013 on 6 Ejari contracts, from AED 115,500 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2022 price is 6.6%, 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 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 3 February 2022.

Questions about 707, Silverene Tower A

What did unit 707 last sell for?

AED 1,900,000 on 3 February 2022: AED 1,794 per sqft for 1,059 sqft. The unit has 4 registered sales; the first was AED 1,377,000 in April 2009.

What is the rent for unit 707?

AED 125,000 a year on the contract renewed on 1 February 2022. The previous contract, from February 2021, was AED 110,000; the unit has been rented since December 2013.

How big is unit 707?

1,059 sqft (98.4 sqm): a two-bedroom apartment on the 7th floor of a 34-storey tower completed in 2011.

What is unit 707 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 707, Silverene Tower A

Starts from the last sale price (AED 1.9M, 3 February 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,900,000
Deposit, UAE resident (20%)
AED 380,000
Deposit, non-resident (40%)
AED 760,000
Monthly over 25 years at 3.7%
AED 7,773

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