PropertyIndex

Claret

Completed · Q2 2019|315 villas

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Claret is a completed land development by FRONT LINE INVESTMENT MANAGEMENT L.L.C in Damac Hills 2, Madinat Hind 4, comprising 315 registered villas. 118 sales are registered with the Dubai Land Department, at a current PIX© price of AED 914 per sqft. At AED 914 per sqft, Claret prices 13% below the Damac Hills 2 average of AED 1,053 per sqft on registered sales.

PIX© price · 22.9% YoY
2.41MAED
Typical
914AED
PSF
Gross yield
5.7%
PIX© rent ÷ PIX© price
Sale records
118
DLD · all time
Rent contracts
1,192
Ejari · all time
Claret

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
1,882 – 7,876 sqft
3152.41M91422.9%137K5.7%
Residential
3 Bed · Villa
1,882 – 2,978 sqft
150
4 Bed · Villa
1,882 – 2,534 sqft
72
5 Bed · Villa
1,882 sqft
46
6 Bed · Villa
4,573 – 7,876 sqft
47
Villa (Bedrooms Unknown)
4,721 – 5,203 sqft
Land
Land
1,882 – 2,534 sqft
Sales — Project-Wide118 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
6 Aug 20263 Bed1,8821,720,000914+14.7%Entry LevelStandard Sale
3 Aug 20263 Bed1,8821,760,000935+40.8%StandardStandard Sale
6 Jul 20263 Bed1,8821,650,000877Entry LevelStandard Sale
Rentals — Project-Wide1,192 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
7 Sep 20265 Bed1,882106,26056Entry Levelrenewal
1 Sep 20265 Bed1,882160,00085Premiumnew
26 Aug 20263 Bed1,882105,00056Standardrenewal

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 Claret

Answered from Dubai Land Department registered transactions.

How much does a property in Claret cost?

Property in Claret sells at a current PIX© price of AED 914 per sqft, or about AED 2,406,222 for a typical unit, based on 118 sales registered with the Dubai Land Department.

Is Claret completed?

Yes. Claret is recorded as completed in the Dubai Land Department project register (completed q2 2019).

Who is the developer of Claret?

Claret 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 Claret?

Claret yields 5.7% gross, calculated from current PIX© rent against current PIX© sale price, across 1,192 registered Ejari contracts.

How many villas are in Claret?

Claret holds 315 registered villas, per the Dubai Land Department unit register.

Have prices in Claret gone up or down?

Price per sqft has fallen -22.9% over the last 12 months, to AED 914, across 118 registered sales.