PropertyIndex

park Residences 4

Completed · Q1 2023|292 villas

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park Residences 4 is a completed villas development by DAMAC CRESCENT PROPERTIES in Damac Hills, Al Hebiah Third, comprising 292 registered villas. 491 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,476 per sqft. At AED 1,476 per sqft, park Residences 4 prices 8% below the Damac Hills average of AED 1,599 per sqft on registered sales.

PIX© price · 1.7% YoY
3.41MAED
Typical
1,476AED
PSF
Gross yield
5.5%
PIX© rent ÷ PIX© price
Sale records
491
DLD · all time
Rent contracts
403
Ejari · all time
park Residences 4

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
1,614 – 4,918 sqft
2923.41M1,4761.7%187K5.5%
Residential
2 Bed · Villa
1,614 – 2,462 sqft
8
3 Bed · Villa
1,614 – 1,938 sqft
88
4 Bed · Villa
1,615 – 4,918 sqft
196
Villa (Bedrooms Unknown)
4,918 sqft
Land
Land
1,615 – 3,783 sqft
Sales — Project-Wide491 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
5 Aug 20264 Bed2,9553,550,0001,2010.0%Entry LevelStandard Sale
22 Jun 20264 Bed1,9383,075,0001,587+7.0%StandardStandard Sale
15 May 20264 Bed3,3654,300,0001,278+55.4%Entry LevelStandard Sale
Rentals — Project-Wide403 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
16 Aug 20263 Bed1,615160,00099-17.9%Entry Levelrenewal
7 Aug 20264 Bed1,938180,000930.0%Entry Levelnew
6 Aug 20264 Bed1,938180,00093+111.8%Entry Levelnew

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Comparable projects in Damac Hills

The closest-priced registered projects in Damac Hills.

Common questions about park Residences 4

Answered from Dubai Land Department registered transactions.

How much does a property in park Residences 4 cost?

Property in park Residences 4 sells at a current PIX© price of AED 1,476 per sqft, or about AED 3,405,079 for a typical unit, based on 491 sales registered with the Dubai Land Department.

Is park Residences 4 completed?

Yes. park Residences 4 is recorded as completed in the Dubai Land Department project register (completed q1 2023).

Who is the developer of park Residences 4?

park Residences 4 is developed by DAMAC CRESCENT PROPERTIES, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in park Residences 4?

park Residences 4 yields 5.5% gross, calculated from current PIX© rent against current PIX© sale price, across 403 registered Ejari contracts.

How many villas are in park Residences 4?

park Residences 4 holds 292 registered villas, per the Dubai Land Department unit register.

Have prices in park Residences 4 gone up or down?

Price per sqft has fallen -1.7% over the last 12 months, to AED 1,476, across 491 registered sales.