2-bed · 1,067 sqftSilverene Tower B, Dubai Marina · 7th floor · completed 2011

714, Silverene Tower B

Sold prices and rental history: sold 6 times, last in March 2021, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 714 · DLD and Ejari recordsUpdated 15 March 2021
Last soldAED 1.24M15 March 2021
Current rentAED 120K /yr1 June 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 714, Silverene Tower B

What is 714 worth today?

Last sold for AED 1,235,000 in 2021

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15 Mar 2021SoldReady
AED 1,235,000AED 1,157 per sqft
1 Jun 2019RentedRenewal
AED 119,668/yr12 months · AED 112 per sqft
1 Jun 2018RentedNew contract
AED 120,000/yr12 months · AED 113 per sqft
27 Feb 2017RentedNew contract
AED 125,000/yr12 months · AED 117 per sqft
10 May 2015SoldReady
AED 2,100,000AED 1,967 per sqft
2 Oct 2013SoldReady
AED 1,400,000AED 1,311 per sqft
27 Dec 2012SoldReady
AED 1,410,000AED 1,321 per sqft
26 Jun 2012SoldOff-plan
AED 1,400,000AED 1,311 per sqft

Source: Dubai Land Department. Updated 15 March 2021.

Key facts

Type
2-bed apartment
Size
1,067 sqft
Floor
7th of 25
Parking
P1-10
Developer
Cayan Real Estate Investment & Development
Completed
2011
Service charge
AED 23,800 /yr
Last sold
AED 1.24M · March 2021

About 714, Silverene Tower B

714 is a two-bedroom apartment of 1,067 sqft on the 7th 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 15 March 2021 for AED 1,235,000, or AED 1,157 per sqft, in line with the AED 1,188 two-beds in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, renewed on 1 June 2019, is AED 119,668 a year: a gross yield of 9.7% on the 2021 price, before the service charge of about AED 23,800 a year.

Sales and rents for 714 over time

Sales
Unit 714, each saleTypical two-bed in Silverene Tower B
1M2M2009201420192024Typical 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, April 2009: AED 1,410,000 (AED 1,321 per sqft)Sold, June 2012: AED 1,400,000 (AED 1,311 per sqft)Sold, December 2012: AED 1,410,000 (AED 1,321 per sqft)Sold, October 2013: AED 1,400,000 (AED 1,311 per sqft)Sold, May 2015: AED 2,100,000 (AED 1,967 per sqft)Sold, March 2021: AED 1,235,000 (AED 1,157 per sqft)

714 has sold 6 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 714, each contractTypical two-bed in Silverene Tower B
100K125K150K2013201720212025Typical 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, February 2017: AED 125,000 a yearNew contract, June 2018: AED 120,000 a yearRenewal, June 2019: AED 119,668 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 714 sits

All 45 2-beds →

714 last sold in March 2021 at AED 1,157 per sqft, in line with what two-beds in Silverene Tower B were fetching at the time (AED 1,188). 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. 714's AED 119,668 is in the lower 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 7th floor

All 316 units in Silverene Tower B
Value
7012-bedAED 1.41M · Dec 2012
7021-bedAED 2.25M · Apr 2026
7031-bedAED 987K · Mar 2023
7041-bedAED 1.45M · Feb 2014
7051-bedAED 972K · May 2013
706StudioAED 775K · Feb 2021
707StudioAED 850K · Mar 2022
1–7 of 13

714, Silverene Tower B in numbers

  • Sold 6 times: first on 27 April 2009 for AED 1,410,000, last on 15 March 2021 for AED 1,235,000 (AED 1,157 per sqft).
  • Rented since February 2017 on 3 Ejari contracts, from AED 125,000 to AED 119,668 a year.
  • At AED 119,668 a year the gross yield on the 2021 price is 9.7%, before a service charge of about AED 23,800 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 15 March 2021.

Questions about 714, Silverene Tower B

What did unit 714 last sell for?

AED 1,235,000 on 15 March 2021: AED 1,157 per sqft for 1,067 sqft. The unit has 6 registered sales; the first was AED 1,410,000 in April 2009.

What is the rent for unit 714?

AED 119,668 a year on the contract renewed on 1 June 2019. The previous contract, from June 2018, was AED 120,000; the unit has been rented since February 2017.

How big is unit 714?

1,067 sqft (99.1 sqm): a two-bedroom apartment on the 7th floor of a 25-storey tower completed in 2011.

What is unit 714 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 714, Silverene Tower B

Starts from the last sale price (AED 1.24M, 15 March 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,235,000
Deposit, UAE resident (20%)
AED 247,000
Deposit, non-resident (40%)
AED 494,000
Monthly over 25 years at 3.7%
AED 5,053

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