1-bed · 832 sqftSilverene Tower B, Dubai Marina · 10th floor · completed 2011

1002, Silverene Tower B

Sold prices and rental history: sold 3 times, last in February 2013, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1002 · DLD and Ejari recordsUpdated 19 December 2015
Last soldAED 990K25 February 2013
Current rentAED 94K /yr19 December 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1002, Silverene Tower B

What is 1002 worth today?

Last sold for AED 990,000 in 2013

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19 Dec 2015RentedRenewal
AED 93,713/yr12 months · AED 113 per sqft
14 Jan 2015RentedRenewal
AED 89,132/yr11 months · AED 107 per sqft
14 Jan 2014RentedNew contract
AED 85,000/yr12 months · AED 102 per sqft
25 Feb 2013SoldReady
AED 990,000AED 1,189 per sqft
14 Jan 2013RentedNew contract
AED 85,000/yr12 months · AED 103 per sqft
8 Sep 2009SoldOff-plan
AED 1,071,000AED 1,286 per sqft
13 Mar 2007Sold by developerOff-plan
AED 990,000AED 1,189 per sqft

Source: Dubai Land Department. Updated 19 December 2015.

Key facts

Type
1-bed apartment
Size
832 sqft
Floor
10th of 25
Parking
B1-19
Developer
Cayan Real Estate Investment & Development
Completed
2011
Service charge
AED 18,600 /yr
Last sold
AED 990K · February 2013

About 1002, Silverene Tower B

1002 is a one-bedroom apartment of 832 sqft on the 10th 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 25 February 2013 for AED 990,000, or AED 1,189 per sqft, in line with the AED 1,225 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, renewed on 19 December 2015, is AED 93,713 a year: a gross yield of 9.5% on the 2013 price, before the service charge of about AED 18,600 a year.

Sales and rents for 1002 over time

Sales
Unit 1002, each saleTypical one-bed in Silverene Tower B
1M1.5M2M20072012201720222027Typical sale price by year: 2007 AED 873,000; 2008 AED 750,000; 2009 AED 801,000; 2010 AED 841,000; 2011 AED 810,500; 2012 AED 846,000; 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 1,635,000; 2025 AED 1,840,000; 2026 AED 1,600,000Sold by developer, March 2007: AED 990,000 (AED 1,189 per sqft)Sold, September 2009: AED 1,071,000 (AED 1,286 per sqft)Sold, February 2013: AED 990,000 (AED 1,189 per sqft)

1002 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1002, each contractTypical one-bed in Silverene Tower B
80K100K2012201620202024Typical rent by year: 2012 AED 85,000; 2013 AED 85,000; 2014 AED 97,375; 2015 AED 105,000; 2016 AED 105,000; 2017 AED 100,000; 2018 AED 95,000; 2019 AED 86,250; 2020 AED 80,000; 2021 AED 74,000; 2022 AED 82,000; 2023 AED 99,000; 2024 AED 105,000; 2025 AED 110,000; 2026 AED 105,000New contract, January 2013: AED 85,000 a yearNew contract, January 2014: AED 85,000 a yearRenewal, January 2015: AED 89,132 a yearRenewal, December 2015: AED 93,713 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 1002 sits

All 176 1-beds →

1002 last sold in February 2013 at AED 1,189 per sqft, in line with what one-beds in Silverene Tower B were fetching at the time (AED 1,225). Over the last 12 months one-beds sold for AED 1,230,000 to 2,275,000, around AED 2,326 per sqft, and rent for AED 25,000 to 170,000 a year. 1002's AED 93,713 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
19 Oct 20261,750,000
6 Oct 20261,600,000
5 Oct 20261,600,000
25 Sep 20261,775,000
13 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. 23 sold in the last 12 months.

Typical price per sqft
AED 2,444 Down 1.2%
Typical sale
AED 1.55M
Typical rent
AED 100K /yr
Typical yield
5.9%
Silverene Tower B, Dubai Marina: prices, sales and rents →

Other units on the 10th floor

All 316 units in Silverene Tower B
Value
10012-bedAED 1.43M · Dec 2012
10031-bedAED 765K · Dec 2012
10041-bedAED 1.4M · Mar 2022
10051-bedAED 1.9M · Aug 2022
1006StudioAED 1M · Apr 2022
1007StudioAED 1.2M · Feb 2015
1008StudioAED 1.16M · Feb 2023
1–7 of 13

1002, Silverene Tower B in numbers

  • Sold 3 times: first on 13 March 2007 for AED 990,000, last on 25 February 2013 for AED 990,000 (AED 1,189 per sqft).
  • Rented since January 2013 on 4 Ejari contracts, from AED 85,000 to AED 93,713 a year.
  • At AED 93,713 a year the gross yield on the 2013 price is 9.5%, before a service charge of about AED 18,600 a year (AED 22.32 per sqft).
  • One-beds in Silverene Tower B sold for AED 1,230,000–2,275,000 in the 12 months to November 2026; the building's median across all types is AED 2,444 per sqft.

Source: Dubai Land Department. Updated 19 December 2015.

Questions about 1002, Silverene Tower B

What did unit 1002 last sell for?

AED 990,000 on 25 February 2013: AED 1,189 per sqft for 832 sqft. The unit has 3 registered sales; the first was AED 990,000 in March 2007.

What is the rent for unit 1002?

AED 93,713 a year on the contract renewed on 19 December 2015. The previous contract, from January 2015, was AED 89,132; the unit has been rented since January 2013.

How big is unit 1002?

832 sqft (77.3 sqm): a one-bedroom apartment on the 10th floor of a 25-storey tower completed in 2011.

What is unit 1002 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 1,230,000 to 2,275,000 in the last 12 months, around AED 2,326 per sqft.

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Mortgage on 1002, Silverene Tower B

Starts from the last sale price (AED 990K, 25 February 2013). Switch to today's estimate once you have unlocked it.
Price
AED 990,000
Deposit, UAE resident (20%)
AED 198,000
Deposit, non-resident (40%)
AED 396,000
Monthly over 25 years at 3.7%
AED 4,050

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