PropertyIndex

Avencia-2

Completed · Q3 2022|406 villas

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Avencia-2 is a completed land development by FRONT LINE INVESTMENT MANAGEMENT L.L.C in Damac Hills 2, Madinat Hind 4, comprising 406 registered villas. 137 sales are registered with the Dubai Land Department, at a current PIX© price of AED 979 per sqft. At AED 979 per sqft, Avencia-2 prices 7% below the Damac Hills 2 average of AED 1,053 per sqft on registered sales.

PIX© price · 2.1% YoY
1.37MAED
Typical
979AED
PSF
Gross yield
6.1%
PIX© rent ÷ PIX© price
Sale records
137
DLD · all time
Rent contracts
1,059
Ejari · all time
Avencia-2

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
1,178 – 2,852 sqft
4061.37M9792.1%83K6.1%
Residential
3 Bed · Villa
1,178 – 2,852 sqft
317
4 Bed · Villa
1,208 – 2,475 sqft
89
Land
Land
1,208 – 2,642 sqft
Sales — Project-Wide137 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
3 Jun 20263 Bed1,2081,275,0001,055StandardLease-to-Own
11 May 20263 Bed1,2081,363,5831,129PremiumStandard Sale
30 Apr 20263 Bed1,2081,315,0001,088StandardStandard Sale
Rentals — Project-Wide1,059 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
25 Sep 20264 Bed1,20880,00066Entry Levelrenewal
15 Aug 20263 Bed1,26985,00067-10.5%Standardnew
14 Aug 20263 Bed1,20887,00072Standardnew

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 Avencia-2

Answered from Dubai Land Department registered transactions.

How much does a property in Avencia-2 cost?

Property in Avencia-2 sells at a current PIX© price of AED 979 per sqft, or about AED 1,370,660 for a typical unit, based on 137 sales registered with the Dubai Land Department.

Is Avencia-2 completed?

Yes. Avencia-2 is recorded as completed in the Dubai Land Department project register (completed q3 2022).

Who is the developer of Avencia-2?

Avencia-2 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 Avencia-2?

Avencia-2 yields 6.1% gross, calculated from current PIX© rent against current PIX© sale price, across 1,059 registered Ejari contracts.

How many villas are in Avencia-2?

Avencia-2 holds 406 registered villas, per the Dubai Land Department unit register.

Have prices in Avencia-2 gone up or down?

Price per sqft has risen +2.1% over the last 12 months, to AED 979, across 137 registered sales.