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2-bed · 2,386 sqftSilverene Tower B, Dubai Marina · 24th floor · completed 2011

2411, Silverene Tower B

Sold prices and rental history: sold twice, last in April 2014, and rented once, from March 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2411 · DLD and Ejari recordsUpdated 16 April 2014
Last soldAED 3.8M16 April 2014
Current rentAED 165K /yr8 March 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2411, Silverene Tower B

What is 2411 worth today?

Last sold for AED 3,800,000 in 2014

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16 Apr 2014SoldReady
AED 3,800,000AED 1,592 per sqft
28 Jan 2014Sold by developerReady
AED 3,100,000AED 1,299 per sqft
8 Mar 2013RentedNew contract
AED 165,000/yr12 months · AED 69 per sqft

Source: Dubai Land Department. Updated 16 April 2014.

Key facts

Type
2-bed apartment
Size
2,386 sqft
Floor
24th of 25
Parking
P1-26, P1-63
Developer
Cayan Real Estate Investment & Development
Completed
2011
Service charge
AED 53,300 /yr
Last sold
AED 3.8M · April 2014
Building
Silverene Tower B

About 2411, Silverene Tower B

2411 is a two-bedroom apartment of 2,386 sqft on the 24th 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 16 April 2014 for AED 3,800,000, or AED 1,592 per sqft, 7% above the AED 1,485 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 8 March 2013. The current contract, signed on 8 March 2013, is AED 165,000 a year: a gross yield of 4.3% on the 2014 price, before the service charge of about AED 53,300 a year.

Sales and rents for 2411 over time

Sales
Unit 2411, each saleTypical two-bed in Silverene Tower B
2M4M2009201420192024Typical sale price by year: 2009 AED 1,430,000; 2011 AED 660,000; 2012 AED 1,400,000; 2013 AED 1,480,000; 2014 AED 2,223,000; 2015 AED 2,000,000; 2016 AED 2,368,500; 2018 AED 2,000,000; 2021 AED 1,300,000; 2022 AED 1,859,000; 2023 AED 2,037,500; 2024 AED 2,325,000; 2025 AED 2,360,000Sold by developer, January 2014: AED 3,100,000 (AED 1,299 per sqft)Sold, April 2014: AED 3,800,000 (AED 1,592 per sqft)

2411 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2411, each contractTypical two-bed in Silverene Tower B
100K150K2013201720212025Typical rent by year: 2013 AED 125,000; 2014 AED 133,500; 2015 AED 142,500; 2016 AED 140,000; 2017 AED 132,000; 2018 AED 130,000; 2019 AED 110,000; 2020 AED 99,000; 2021 AED 95,000; 2022 AED 100,500; 2023 AED 130,000; 2024 AED 147,500; 2025 AED 150,000; 2026 AED 135,000New contract, March 2013: AED 165,000 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 B, and where 2411 sits

All 45 2-beds →

2411 last sold in April 2014 at AED 1,592 per sqft, 7% above what two-beds in Silverene Tower B were fetching at the time (AED 1,485). Over the last 12 months two-beds sold for AED 2,350,000 to 4,200,000, around AED 2,783 per sqft, and rent for AED 70,000 to 185,000 a year. 2411's AED 165,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
31 Jul 20264,200,000
24 Mar 20262,350,000
13 Jun 20252,350,000
18 Mar 20252,500,000
2 2-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 24th floor

All 316 units in Silverene Tower B
Value
24011-bedAED 1.32M · Jan 2014
24022-bedAED 2.22M · Jan 2014
24031-bedAED 1.16M · Jan 2014
24041-bedAED 1.59M · Jan 2014
2405StudioAED 1M · Jan 2014
2406StudioAED 1.05M · Jan 2014
2407StudioAED 1.02M · Jan 2014
1–7 of 11

2411, Silverene Tower B in numbers

  • Sold twice: first on 28 January 2014 for AED 3,100,000, last on 16 April 2014 for AED 3,800,000 (AED 1,592 per sqft).
  • Rented since March 2013 on one Ejari contract, at AED 165,000 a year.
  • At AED 165,000 a year the gross yield on the 2014 price is 4.3%, before a service charge of about AED 53,300 a year (AED 22.32 per sqft).
  • Two-beds in Silverene Tower B sold for AED 2,350,000–4,200,000 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 16 April 2014.

Questions about 2411, Silverene Tower B

What did unit 2411 last sell for?

AED 3,800,000 on 16 April 2014: AED 1,592 per sqft for 2,386 sqft. The unit has 2 registered sales; the first was AED 3,100,000 in January 2014.

What is the rent for unit 2411?

AED 165,000 a year on the contract signed on 8 March 2013.

How big is unit 2411?

2,386 sqft (221.7 sqm): a two-bedroom apartment on the 24th floor of a 25-storey tower completed in 2011.

What is unit 2411 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 B sold for AED 2,350,000 to 4,200,000 in the last 12 months, around AED 2,783 per sqft.

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Mortgage on 2411, Silverene Tower B

Starts from the last sale price (AED 3.8M, 16 April 2014). Switch to today's estimate once you have unlocked it.
Price
AED 3,800,000
Deposit, UAE resident (20%)
AED 760,000
Deposit, non-resident (40%)
AED 1,520,000
Monthly over 25 years at 3.7%
AED 15,547

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