PropertyIndex

Aster

Completed · Q1 2022|378 villas

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Aster is a completed land development by FRONT LINE INVESTMENT MANAGEMENT L.L.C in Damac Hills 2, Madinat Hind 4, comprising 378 registered villas. 141 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,019 per sqft. At AED 1,019 per sqft, Aster prices 3% below the Damac Hills 2 average of AED 1,053 per sqft on registered sales.

PIX© price · 9.4% YoY
2.16MAED
Typical
1,019AED
PSF
Gross yield
5.7%
PIX© rent ÷ PIX© price
Sale records
141
DLD · all time
Rent contracts
1,164
Ejari · all time
Aster

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

TypeUnitsPIX© PricePIX© PSFPSF YoYPIX© Rent /yrYield
PIX© Core
Project-Wide
1,859 – 6,703 sqft
3782.16M1,0199.4%123K5.7%
Residential
3 Bed · Villa
1,859 – 3,491 sqft
274
4 Bed · Villa
1,860 – 1,920 sqft
46
5 Bed · Villa
1,861 – 1,882 sqft
28
6 Bed · Villa
4,580 – 6,703 sqft
30
Villa (Bedrooms Unknown)
5,968 – 6,580 sqft
Land
Land
1,882 sqft
Sales — Project-Wide141 DLD records
PIX© price analysis
PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range
PSF range
Avg size
Cash : mortgage
Off-plan : ready
Latest transactions
DateUnitSizePricePSFvs Prior SaleTierType
7 Aug 20261,8821,630,000866StandardStandard Sale
27 Jul 20263 Bed1,8821,800,000957Entry LevelStandard Sale
9 Jul 20263 Bed1,8821,700,000904Entry LevelStandard Sale
Rentals — Project-Wide1,164 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Latest contracts
Start DateUnitSizeRent / YrRent PSFvs Prior RentTierType
10 Sep 20263 Bed1,882105,00056Entry Levelrenewal
20 Aug 20263 Bed1,88284,00045Entry Levelrenewal
15 Aug 20263 Bed1,882100,000530.0%Entry Levelnew

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Comparable projects in Damac Hills 2

The closest-priced registered projects in Damac Hills 2.

Common questions about Aster

Answered from Dubai Land Department registered transactions.

How much does a property in Aster cost?

Property in Aster sells at a current PIX© price of AED 1,019 per sqft, or about AED 2,161,888 for a typical unit, based on 141 sales registered with the Dubai Land Department.

Is Aster completed?

Yes. Aster is recorded as completed in the Dubai Land Department project register (completed q1 2022).

Who is the developer of Aster?

Aster is developed by FRONT LINE INVESTMENT MANAGEMENT L.L.C, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Aster?

Aster yields 5.7% gross, calculated from current PIX© rent against current PIX© sale price, across 1,164 registered Ejari contracts.

How many villas are in Aster?

Aster holds 378 registered villas, per the Dubai Land Department unit register.

Have prices in Aster gone up or down?

Price per sqft has risen +9.4% over the last 12 months, to AED 1,019, across 141 registered sales.

About Aster

Aster is a completed gated residential sub-community of 378 villas and townhouses developed by DAMAC Properties in the southeastern corner of DAMAC Hills 2, Dubai.

Overview and Development

Aster is a prominent residential cluster situated in the master community of DAMAC Hills 2 (formerly Akoya Oxygen) in the Madinat Hind 4 district (historically Al Yufrah 2). The project was developed by DAMAC Properties alongside its subsidiary Front Line Investment Management L.L.C., with Towers Technology Contracting Company LLC serving as the main contractor and KEO International Consultants overseeing supervision. Construction commenced in February 2015 and the sub-community reached 100% completion with handovers starting in March 2022.

Residential Offerings and Layouts

The sub-community contains 378 high-end residential units consisting of independent and semi-detached villas and townhouses. These residences are organized in five themed design styles: Chelsea Boutique Villas, Kensington Boutique Villas, Casablanca Villas, Aurum Villas, and Adria Villas. Available in 3 to 6-bedroom configurations, the homes offer built-up areas ranging from 1,570 to 5,961 square feet, featuring private landscaped front and backyards, contemporary minimalist architecture, and panoramic floor-to-ceiling windows.

Amenities and Connectivity

Aster features localized community amenities including a swimming pool, children's playground, and landscaped walking trails. Residents additionally enjoy full access to the leisure, water, and sports towns of DAMAC Hills 2, which host Malibu Beach wave pool, a lazy river, boating and fishing lakes, a petting farm, and a community mall featuring a Carrefour supermarket. The community is situated near major highways including Jebel Ali - Lehbab Road (E77) and Al Qudra Road (D63), placing it within quick reach of the Sevens Stadium and Dubai Outlet Mall.

Amenities
  • Community Swimming Pool
    A shared outdoor swimming pool located within walking distance of the residential units.
  • Children's Play Area
    A dedicated outdoor play area and playground for kids within the cluster.
  • Landscaped Gardens
    Manicured green spaces, front and backyard lawns, and scenic walking trails.
  • Malibu Beach
    A large wave-pool concept area serving as a man-made beach inside the master community.
  • Lazy River
    A continuous flowing pool for relaxed floating and leisure recreation.
  • Boating Lake & Fishing Lake
    Artificial lakes inside the community offering boating and recreational fishing.
  • Sports Courts
    Facilities for tennis, basketball, volleyball, a football pitch, and a cricket pitch.
  • Community Mall
    A retail center featuring a Carrefour supermarket, dining venues, a gymnasium, a rooftop swimming pool, and pet facilities.
  • Petting Farm
    An interactive animal farm for children and families.
  • Saudi German Clinic
    A localized clinical center providing routine medical services.
  • Aster Clinic
    A nearby branch of the Aster DM Healthcare network offering multi-specialty clinical care.
  • Mediclinic Parkview Hospital
    A major tertiary hospital offering emergency and specialized treatments.
Also known as Aster at DAMAC Hills 2, Aster DAMAC Hills 2, Aster, Akoya Oxygen, Aster Cluster, Damac Hills Aster.