DAMAC HILLS (2) - AVENCIA-2

Mature

DeveloperFRONT LINE INVESTMENT MANAGEMENT L.L.C

CommunityDAMAC HILLS 2

AreaMadinat Hind 4

Started

8 years 8 months ago21-05-2017

Handover

3 years 5 months ago25-08-2022

Status

CompleteFinished

Project Description

Project consists of a cluster of 406 freehold G+1 Villas located in Yufrah 2 Area. The Villas are 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 1,019/sqft

Last 12M:AED 1,064/sqft

Momentum: Last 12Mvs Prior Year

Rising

+17%Growth

Last 12M:AED 1,064/sqft

Prior Year:AED 911/sqft

Community Compare: Last 90DDAMAC HILLS 2

Premium

+14%Above Avg

Project:AED 991/sqft

Community:AED 870/sqft

Liquidity: Last 12MExit Speed

Low

7%Turnover

29Sold (Last 12M)

Rental Performance

Rent Pricing: L12MPer Sqft / Year

AED 693/sqft

Range:AED 389 – AED 1K

Avg Unit:AED 83K/yr

Leasing Volume: L12MContracts Signed

Very Active

240Total

New:124

Renew:116

Tenant RetentionRenewal Rate

Good

48%renewals

52% new tenants48% renewals

Gross YieldAnnual Return

High Yield

68.0%Yield

Rent:AED 693/sqft

Price:AED 1,019/sqft

Layouts & Units (405)

Asset Class	Inventory	Size Range	Price Range	Avg PSF	Sales	Trend
Asset Class Land	Inventory 0units	Size Range 169-3,080sqft	Price Range AED 450K - AED 1.8M	Avg PSF 799	Sales 119	Trend —

Grouped into 1 asset classes covering 405 units