DAMAC HILLS (2) - VIRIDIS
ResaleCommunityDAMAC HILLS 2
AreaMadinat Hind 4
Started
10 years 1 month ago01-12-2015
Handover
3 years 4 months ago26-08-2022
Status
CompleteFinished
Project Description
Project consists of 4 towers with building type as serviced apartments with retails for 2 towers and residential apartments with retails for the other 2 towers. Tower A:G+1P+13+R Tower B:G+1P+13+R Tower C:G+1P+13+R Tower D:G+1P+13+R with internal and external finishes.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Rising+6%
GrowthCurrent:AED 1,061/sqft
Last 12M:AED 1,004/sqft
Momentum: Last 12Mvs Prior Year
Rising+12%
GrowthLast 12M:AED 1,004/sqft
Prior Year:AED 896/sqft
Community Compare: Last 90DDAMAC HILLS 2
Premium+22%
Above AvgProject:AED 1,061/sqft
Community:AED 870/sqft
Liquidity: Last 12MExit Speed
Moderate12%Turnover
105Sold (Last 12M)
Supply & Demand Matrix
DAMAC HILLS (2) - VIRIDIS averaged 12% liquidity over the last 12 months, which is considered moderate. High velocity indicates an active secondary market with easier exit potential. Lower velocity suggests long-term holds or cooling demand.
Type
Absorption (L12M)
Velocity
Studio
576 units
71 sold505 left
12%
Velocity
1 Bedroom
170 units
25 sold145 left
15%
Velocity
2 Bedrooms
108 units
9 sold99 left
8%
Velocity
Shop
16 units
0 sold16 left
0%
Velocity
Layouts & Units (870)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 2-14 | Inventory 275units 43 layouts · Typically 1 parking 6-12 sqm balcony | Size Range 209-568sqft | Price Range AED 177K - AED 600K | Avg PSF 942 | Sales 109 | Trend — | |
Asset Class 1 Bed FlatFloors 2-14 | Inventory 92units 19 layouts · Typically 1 parking 9-13 sqm balcony | Size Range 382-860sqft | Price Range AED 300K - AED 750K | Avg PSF 834 | Sales 28 | Trend — | |
Asset Class 2 Bed FlatFloors 2-14 | Inventory 54units 6 layouts · Typically 1 parking 7-19 sqm balcony | Size Range 548-1,187sqft | Price Range AED 700K - AED 980K | Avg PSF 744 | Sales 15 | Trend — | |
Asset Class Hotel ApartmentFloors 2-14 | Inventory 301units 40 layouts · Typically 1 parking 6-12 sqm balcony | Size Range 213-801sqft | Price Range AED 212K - AED 549K | Avg PSF 1,063 | Sales 91 | Trend — | |
Asset Class 1 Bed Hotel ApartmentFloors 2-14 | Inventory 78units 14 layouts · Typically 1 parking 9-13 sqm balcony | Size Range 653-845sqft | Price Range AED 615K - AED 750K | Avg PSF 940 | Sales 9 | Trend — | |
Asset Class 2 Bed Hotel ApartmentFloors 2-14 | Inventory 54units 9 layouts · Typically 1 parking 7-19 sqm balcony | Size Range 137-1,188sqft | Price Range AED 650K - AED 1.1M | Avg PSF 919 | Sales 13 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 431-431sqft | Price Range — | Avg PSF 2,308 | Sales 0 | Trend — | |
Asset Class ShopPodium + Floor 2 | Inventory 16units 15 layouts · Typically 1.8 parking ~6 sqm balcony | Size Range 791-2,068sqft | Price Range AED 1.4M - AED 1.7M | Avg PSF 1,416 | Sales 5 | Trend — |
Grouped into 8 asset classes covering 870 units