PropertyIndex

Phoenix

Completed · Q1 2019|54 villas

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Phoenix is a completed land development by DAMAC CRESCENT PROPERTIES in Damac Hills, Al Hebiah Third, comprising 54 registered villas. 88 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,260 per sqft. At AED 1,260 per sqft, Phoenix prices 21% below the Damac Hills average of AED 1,599 per sqft on registered sales.

PIX© price · 12.4% YoY
4.10MAED
Typical
1,260AED
PSF
Gross yield
7.1%
PIX© rent ÷ PIX© price
Sale records
88
DLD · all time
Rent contracts
210
Ejari · all time
Phoenix

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
2,666 – 7,230 sqft
544.10M1,26012.4%292K7.1%
Residential
3 Bed · Villa
2,666 – 2,958 sqft
44
5 Bed · Villa
4,845 – 7,230 sqft
6
6 Bed · Villa
3,764 – 3,768 sqft
4
Villa (Bedrooms Unknown)
7,230 sqft
Land
Land
2,722 sqft
Sales — Project-Wide88 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
29 Jan 20263 Bed2,9243,650,0001,248+42.9%StandardStandard Sale
13 Jan 20263 Bed2,8753,600,0001,252+35.5%StandardStandard Sale
7 Jan 20263 Bed2,7243,700,0001,358+17.5%StandardStandard Sale
Rentals — Project-Wide210 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
1 Aug 20263 Bed2,722174,56564-0.8%Entry Levelrenewal
1 Jul 20263 Bed2,724289,208106+123.1%Premiumnew
15 Jun 20265 Bed4,869365,00075-3.9%Standardrenewal

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 Phoenix

Answered from Dubai Land Department registered transactions.

How much does a property in Phoenix cost?

Property in Phoenix sells at a current PIX© price of AED 1,260 per sqft, or about AED 4,100,313 for a typical unit, based on 88 sales registered with the Dubai Land Department.

Is Phoenix completed?

Yes. Phoenix is recorded as completed in the Dubai Land Department project register (completed q1 2019).

Who is the developer of Phoenix?

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

What is the rental yield in Phoenix?

Phoenix yields 7.1% gross, calculated from current PIX© rent against current PIX© sale price, across 210 registered Ejari contracts.

How many villas are in Phoenix?

Phoenix holds 54 registered villas, per the Dubai Land Department unit register.

Have prices in Phoenix gone up or down?

Price per sqft has risen +12.4% over the last 12 months, to AED 1,260, across 88 registered sales.