Studio · 518 sqftSilverene Tower B, Dubai Marina · 15th floor · completed 2011

1507, Silverene Tower B

Sold prices and rental history: sold 5 times, last in July 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1507 · DLD and Ejari recordsUpdated 9 July 2024
Last soldAED 1.3M9 July 2024
Current rentAED 65K /yr15 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1507, Silverene Tower B

What is 1507 worth today?

Last sold for AED 1,300,000 in 2024

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9 Jul 2024SoldReady
AED 1,300,000AED 2,507 per sqft
15 Feb 2023RentedRenewal
AED 64,894/yr11 months · AED 126 per sqft
15 Feb 2022RentedRenewal
AED 65,000/yr12 months · AED 126 per sqft
15 Feb 2021RentedRenewal
AED 50,000/yr12 months · AED 97 per sqft
15 Feb 2020RentedRenewal
AED 65,000/yr12 months · AED 126 per sqft
15 Feb 2019RentedRenewal
AED 76,000/yr12 months · AED 147 per sqft
15 Feb 2017RentedNew contract
AED 88,000/yr12 months · AED 170 per sqft
12 Jan 2017SoldReady
AED 1,265,000AED 2,440 per sqft

Source: Dubai Land Department. Updated 9 July 2024.

Key facts

Type
Studio apartment
Size
518 sqft
Floor
15th of 25
Parking
B1-48
Developer
Cayan Real Estate Investment & Development
Completed
2011
Service charge
AED 11,600 /yr
Last sold
AED 1.3M · July 2024

About 1507, Silverene Tower B

1507 is a studio of 518 sqft on the 15th 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 9 July 2024 for AED 1,300,000, or AED 2,507 per sqft, 13% above the AED 2,221 studios in the building were fetching at the time.

It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, renewed on 15 February 2023, is AED 64,894 a year: a gross yield of 5.0% on the 2024 price, before the service charge of about AED 11,600 a year.

Sales and rents for 1507 over time

Sales
Unit 1507, each saleTypical studio in Silverene Tower B
500K1M1.5M2009201420192024Typical sale price by year: 2009 AED 567,000; 2011 AED 594,000; 2012 AED 576,000; 2013 AED 580,200; 2014 AED 1,117,500; 2015 AED 1,200,000; 2016 AED 1,225,000; 2017 AED 1,225,000; 2019 AED 790,000; 2021 AED 800,000; 2022 AED 977,000; 2023 AED 1,160,000; 2024 AED 1,215,000; 2025 AED 1,342,500; 2026 AED 1,370,000Sold by developer, April 2009: AED 576,000 (AED 1,111 per sqft)Sold, December 2012: AED 576,000 (AED 1,111 per sqft)Sold, December 2014: AED 1,275,000 (AED 2,459 per sqft)Sold, January 2017: AED 1,265,000 (AED 2,440 per sqft)Sold, July 2024: AED 1,300,000 (AED 2,507 per sqft)

1507 has sold 5 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1507, each contractTypical studio in Silverene Tower B
60K80K2012201620202024Typical rent by year: 2012 AED 50,000; 2013 AED 65,000; 2014 AED 65,000; 2015 AED 80,000; 2016 AED 85,000; 2017 AED 80,000; 2018 AED 75,000; 2019 AED 65,000; 2020 AED 55,000; 2021 AED 50,000; 2022 AED 60,000; 2023 AED 70,000; 2024 AED 85,000; 2025 AED 85,000; 2026 AED 78,875New contract, April 2014: AED 55,000 a yearNew contract, April 2015: AED 60,500 a yearRenewal, November 2015: AED 72,000 a yearNew contract, February 2017: AED 88,000 a yearRenewal, February 2019: AED 76,000 a yearRenewal, February 2020: AED 65,000 a yearRenewal, February 2021: AED 50,000 a yearRenewal, February 2022: AED 65,000 a yearRenewal, February 2023: AED 64,894 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Silverene Tower B, and where 1507 sits

All 92 studios →

1507 last sold in July 2024 at AED 2,507 per sqft, 13% above what studios in Silverene Tower B were fetching at the time (AED 2,221). Over the last 12 months studios sold for AED 1,230,000 to 1,550,000, around AED 2,604 per sqft, and rent for AED 40,800 to 105,000 a year. 1507's AED 64,894 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
26 Aug 20261,230,000
17 Aug 20261,550,000
12 Aug 20261,245,000
18 May 20261,400,000
8 studio 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 15th floor

All 316 units in Silverene Tower B
Value
15012-bedAED 1.35M · Dec 2012
15021-bedAED 1.01M · Jun 2013
15031-bedAED 1.8M · Apr 2023
15041-bedAED 1.4M · Nov 2013
15051-bedAED 2M · Feb 2025
1506StudioAED 1.25M · Aug 2026
1508StudioAED 1.28M · Dec 2014
1–7 of 13

1507, Silverene Tower B in numbers

  • Sold 5 times: first on 28 April 2009 for AED 576,000, last on 9 July 2024 for AED 1,300,000 (AED 2,507 per sqft).
  • Rented since April 2014 on 9 Ejari contracts, from AED 55,000 to AED 64,894 a year.
  • At AED 64,894 a year the gross yield on the 2024 price is 5.0%, before a service charge of about AED 11,600 a year (AED 22.32 per sqft).
  • Studios in Silverene Tower B sold for AED 1,230,000–1,550,000 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 9 July 2024.

Questions about 1507, Silverene Tower B

What did unit 1507 last sell for?

AED 1,300,000 on 9 July 2024: AED 2,507 per sqft for 518 sqft. The unit has 5 registered sales; the first was AED 576,000 in April 2009.

What is the rent for unit 1507?

AED 64,894 a year on the contract renewed on 15 February 2023. The previous contract, from February 2022, was AED 65,000; the unit has been rented since April 2014.

How big is unit 1507?

518 sqft (48.1 sqm): a studio on the 15th floor of a 25-storey tower completed in 2011.

What is unit 1507 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Silverene Tower B sold for AED 1,230,000 to 1,550,000 in the last 12 months, around AED 2,604 per sqft.

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Mortgage on 1507, Silverene Tower B

Starts from the last sale price (AED 1.3M, 9 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,300,000
Deposit, UAE resident (20%)
AED 260,000
Deposit, non-resident (40%)
AED 520,000
Monthly over 25 years at 3.7%
AED 5,319

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