1-bed · 606 sqftSilverene Tower B, Dubai Marina · 20th floor · completed 2011

2012, Silverene Tower B

Sold prices and rental history: sold 3 times, last in November 2014, and rented once, from February 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2012 · DLD and Ejari recordsUpdated 6 November 2014
Last soldAED 1.4M6 November 2014
Current rentAED 75K /yr5 February 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2012, Silverene Tower B

What is 2012 worth today?

Last sold for AED 1,400,000 in 2014

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6 Nov 2014SoldReady
AED 1,400,000AED 2,310 per sqft
5 Feb 2014RentedNew contract
AED 75,000/yr12 months · AED 124 per sqft
31 Dec 2012SoldReady
AED 750,000AED 1,237 per sqft
28 Apr 2009Sold by developerOff-plan
AED 750,000AED 1,237 per sqft

Source: Dubai Land Department. Updated 6 November 2014.

Key facts

Type
1-bed apartment
Size
606 sqft
Floor
20th of 25
Parking
P1-35
Developer
Cayan Real Estate Investment & Development
Completed
2011
Service charge
AED 13,500 /yr
Last sold
AED 1.4M · November 2014

About 2012, Silverene Tower B

2012 is a one-bedroom apartment of 606 sqft on the 20th 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 6 November 2014 for AED 1,400,000, or AED 2,310 per sqft, 14% above the AED 2,035 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 5 February 2014. The current contract, signed on 5 February 2014, is AED 75,000 a year: a gross yield of 5.4% on the 2014 price, before the service charge of about AED 13,500 a year.

Sales and rents for 2012 over time

Sales
Unit 2012, 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, April 2009: AED 750,000 (AED 1,237 per sqft)Sold, December 2012: AED 750,000 (AED 1,237 per sqft)Sold, November 2014: AED 1,400,000 (AED 2,310 per sqft)

2012 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2012, 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, February 2014: AED 75,000 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 2012 sits

All 176 1-beds →

2012 last sold in November 2014 at AED 2,310 per sqft, 14% above what one-beds in Silverene Tower B were fetching at the time (AED 2,035). 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. 2012's AED 75,000 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 20th floor

All 316 units in Silverene Tower B
Value
20012-bedAED 1.49M · Dec 2012
20021-bedAED 2.28M · Dec 2025
20031-bedAED 1.01M · Sep 2013
20041-bedAED 1.01M · Oct 2012
20051-bedAED 1.15M · Dec 2012
2006StudioAED 1.2M · Apr 2015
2007StudioAED 1.22M · Oct 2023
1–7 of 13

2012, Silverene Tower B in numbers

  • Sold 3 times: first on 28 April 2009 for AED 750,000, last on 6 November 2014 for AED 1,400,000 (AED 2,310 per sqft).
  • Rented since February 2014 on one Ejari contract, at AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2014 price is 5.4%, before a service charge of about AED 13,500 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 6 November 2014.

Questions about 2012, Silverene Tower B

What did unit 2012 last sell for?

AED 1,400,000 on 6 November 2014: AED 2,310 per sqft for 606 sqft. The unit has 3 registered sales; the first was AED 750,000 in April 2009.

What is the rent for unit 2012?

AED 75,000 a year on the contract signed on 5 February 2014.

How big is unit 2012?

606 sqft (56.3 sqm): a one-bedroom apartment on the 20th floor of a 25-storey tower completed in 2011.

What is unit 2012 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 2012, Silverene Tower B

Starts from the last sale price (AED 1.4M, 6 November 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,400,000
Deposit, UAE resident (20%)
AED 280,000
Deposit, non-resident (40%)
AED 560,000
Monthly over 25 years at 3.7%
AED 5,728

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