DAMAC HILLS (2) - AMARGO 2
MatureCommunityDAMAC HILLS 2
AreaMadinat Hind 4
Started
3 years 8 months ago01-05-2022
Handover
1 year 11 months ago29-01-2024
Status
CompleteFinished
Project Description
146 Nos. of G+1 Villas,The project designed to have a concrete structure and block with internal and external finishes.
Performance Alpha
Sales Performance
Market Sales: Last 90Dvs Last 12M Baseline
Falling-4%Decline
Current:AED 1,224/sqft
Last 12M:AED 1,273/sqft
Momentum: Last 12Mvs Prior Year
Stable-2%Decline
Last 12M:AED 1,273/sqft
Prior Year:AED 1,296/sqft
Community Compare: Last 90DDAMAC HILLS 2
Premium+41%Above Avg
Project:AED 1,224/sqft
Community:AED 870/sqft
Liquidity: Last 12MExit Speed
Moderate12%Turnover
12Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 857/sqft
Range:AED 488 – AED 2K
Avg Unit:AED 111K/yr
Leasing Volume: L12MContracts Signed
Very Active52Total
New:40
Renew:12
Tenant RetentionRenewal Rate
Fair23%renewals
77% new tenants23% renewals
Gross YieldAnnual Return
High Yield70.0%Yield
Rent:AED 857/sqft
Price:AED 1,224/sqft
Layouts & Units (104)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Land | Inventory 0units | Size Range 1,164-2,220sqft | Price Range AED 1.5M - AED 2.0M | Avg PSF 964 | Sales 13 | Trend — |
Grouped into 1 asset classes covering 104 units