1-bed · 902 sqftSilverene Tower B, Dubai Marina · 23rd floor · completed 2011

2301, Silverene Tower B

Sold prices and rental history: sold 3 times, last in December 2020, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2301 · DLD and Ejari recordsUpdated 1 January 2021
Last soldAED 950K13 December 2020
Current rentAED 80K /yr1 January 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2301, Silverene Tower B

What is 2301 worth today?

Last sold for AED 950,000 in 2020

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1 Jan 2021RentedRenewal
AED 80,000/yr12 months · AED 89 per sqft
13 Dec 2020SoldReady
AED 950,000AED 1,053 per sqft
1 Dec 2019RentedNew contract
AED 90,000/yr13 months · AED 100 per sqft
6 Dec 2018RentedNew contract
AED 99,600/yr10 months · AED 110 per sqft
12 Jun 2017RentedNew contract
AED 92,610/yr12 months · AED 103 per sqft
12 Jun 2016RentedNew contract
AED 92,610/yr12 months · AED 103 per sqft
2 Jan 2013SoldReady
AED 1,240,000AED 1,374 per sqft
11 Apr 2012Sold by developerOff-plan
AED 1,240,000AED 1,374 per sqft

Source: Dubai Land Department. Updated 1 January 2021.

Key facts

Type
1-bed apartment
Size
902 sqft
Floor
23rd of 25
Parking
B1-14
Developer
Cayan Real Estate Investment & Development
Completed
2011
Service charge
AED 20,100 /yr
Last sold
AED 950K · December 2020

About 2301, Silverene Tower B

2301 is a one-bedroom apartment of 902 sqft on the 23rd 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 13 December 2020 for AED 950,000, or AED 1,053 per sqft, 26% below the AED 1,422 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, renewed on 1 January 2021, is AED 80,000 a year: a gross yield of 8.4% on the 2020 price, before the service charge of about AED 20,100 a year.

Sales and rents for 2301 over time

Sales
Unit 2301, 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 2012: AED 1,240,000 (AED 1,374 per sqft)Sold, January 2013: AED 1,240,000 (AED 1,374 per sqft)Sold, December 2020: AED 950,000 (AED 1,053 per sqft)

2301 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2301, 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, June 2016: AED 92,610 a yearNew contract, June 2017: AED 92,610 a yearNew contract, December 2018: AED 99,600 a yearNew contract, December 2019: AED 90,000 a yearRenewal, January 2021: AED 80,000 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 2301 sits

All 176 1-beds →

2301 last sold in December 2020 at AED 1,053 per sqft, 26% below what one-beds in Silverene Tower B were fetching at the time (AED 1,422). 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. 2301's AED 80,000 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 23rd floor

All 316 units in Silverene Tower B
Value
23022-bedAED 2.6M · Oct 2018
23031-bedAED 1.64M · Nov 2024
23041-bedAED 1.29M · Dec 2012
2305StudioAED 750K · Feb 2013
2306StudioAED 1.18M · Nov 2023
2307StudioAED 1.16M · Oct 2023
2308StudioAED 790K · Aug 2019
1–7 of 11

2301, Silverene Tower B in numbers

  • Sold 3 times: first on 11 April 2012 for AED 1,240,000, last on 13 December 2020 for AED 950,000 (AED 1,053 per sqft).
  • Rented since June 2016 on 5 Ejari contracts, from AED 92,610 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2020 price is 8.4%, before a service charge of about AED 20,100 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 1 January 2021.

Questions about 2301, Silverene Tower B

What did unit 2301 last sell for?

AED 950,000 on 13 December 2020: AED 1,053 per sqft for 902 sqft. The unit has 3 registered sales; the first was AED 1,240,000 in April 2012.

What is the rent for unit 2301?

AED 80,000 a year on the contract renewed on 1 January 2021. The previous contract, from December 2019, was AED 90,000; the unit has been rented since June 2016.

How big is unit 2301?

902 sqft (83.8 sqm): a one-bedroom apartment on the 23rd floor of a 25-storey tower completed in 2011.

What is unit 2301 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 2301, Silverene Tower B

Starts from the last sale price (AED 950K, 13 December 2020). Switch to today's estimate once you have unlocked it.
Price
AED 950,000
Deposit, UAE resident (20%)
AED 190,000
Deposit, non-resident (40%)
AED 380,000
Monthly over 25 years at 3.7%
AED 3,887

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