PropertyIndex

Victoria

Completed · Q3 2022|406 villas

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Victoria is a completed land development by FRONT LINE INVESTMENT MANAGEMENT L.L.C in Damac Hills 2, Madinat Hind 4, comprising 406 registered villas. 152 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,055 per sqft. At AED 1,055 per sqft, Victoria prices in line with the Damac Hills 2 average of AED 1,053 per sqft on registered sales.

PIX© price · 3.0% YoY
1.40MAED
Typical
1,055AED
PSF
Gross yield
6.1%
PIX© rent ÷ PIX© price
Sale records
152
DLD · all time
Rent contracts
1,093
Ejari · all time
Victoria

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
1,208 – 2,915 sqft
4061.40M1,0553.0%86K6.1%
Residential
3 Bed · Villa
1,208 – 2,915 sqft
324
4 Bed · Villa
1,208 – 2,261 sqft
82
Land
Land
1,208 – 1,919 sqft
Sales — Project-Wide152 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
24 Jul 20263 Bed1,9181,400,000730Entry LevelStandard Sale
7 Jul 20263 Bed1,2081,185,000981Entry LevelStandard Sale
7 Jul 20263 Bed1,2081,750,0001,449+27.3%PremiumStandard Sale
Rentals — Project-Wide1,093 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
15 Aug 20263 Bed1,20872,450600.0%Entry Levelrenewal
15 Aug 20263 Bed1,20875,000620.0%Entry Levelnew
15 Aug 20263 Bed1,20875,00062-6.2%Entry Levelnew

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 Victoria

Answered from Dubai Land Department registered transactions.

How much does a property in Victoria cost?

Property in Victoria sells at a current PIX© price of AED 1,055 per sqft, or about AED 1,399,272 for a typical unit, based on 152 sales registered with the Dubai Land Department.

Is Victoria completed?

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

Who is the developer of Victoria?

Victoria 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 Victoria?

Victoria yields 6.1% gross, calculated from current PIX© rent against current PIX© sale price, across 1,093 registered Ejari contracts.

How many villas are in Victoria?

Victoria holds 406 registered villas, per the Dubai Land Department unit register.

Have prices in Victoria gone up or down?

Price per sqft has fallen -3.0% over the last 12 months, to AED 1,055, across 152 registered sales.