PropertyIndex

Richmond

Completed · Q3 2018|118 villas

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Richmond is a completed land development by DAMAC CRESCENT PROPERTIES in Damac Hills, Al Hebiah Third, comprising 118 registered villas. 187 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,226 per sqft. At AED 1,226 per sqft, Richmond prices 23% below the Damac Hills average of AED 1,599 per sqft on registered sales.

PIX© price · 0.9% YoY
3.46MAED
Typical
1,226AED
PSF
Gross yield
6.1%
PIX© rent ÷ PIX© price
Sale records
187
DLD · all time
Rent contracts
520
Ejari · all time
Richmond

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
2,656 – 6,632 sqft
1183.46M1,2260.9%211K6.1%
Residential
3 Bed · Villa
2,656 – 6,632 sqft
112
4 Bed · Villa
5,052 sqft
1
5 Bed · Villa
4,842 – 6,025 sqft
5
Land
Land
2,723 – 3,488 sqft
Sales — Project-Wide187 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
16 Jul 20253 Bed2,7243,500,0001,285+49.0%StandardStandard Sale
2 May 20253 Bed2,7253,300,0001,211+46.9%Entry LevelStandard Sale
24 Mar 20253 Bed2,7233,200,0001,175+33.3%Entry LevelStandard Sale
Rentals — Project-Wide520 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 Bed2,856210,00074-12.5%Standardnew
1 Aug 20263 Bed2,815175,00062-9.9%Entry Levelnew
22 Jul 20263 Bed2,715205,00076-8.9%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 Richmond

Answered from Dubai Land Department registered transactions.

How much does a property in Richmond cost?

Property in Richmond sells at a current PIX© price of AED 1,226 per sqft, or about AED 3,463,288 for a typical unit, based on 187 sales registered with the Dubai Land Department.

Is Richmond completed?

Yes. Richmond is recorded as completed in the Dubai Land Department project register (completed q3 2018).

Who is the developer of Richmond?

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

What is the rental yield in Richmond?

Richmond yields 6.1% gross, calculated from current PIX© rent against current PIX© sale price, across 520 registered Ejari contracts.

How many villas are in Richmond?

Richmond holds 118 registered villas, per the Dubai Land Department unit register.

Have prices in Richmond gone up or down?

Price per sqft has risen +0.9% over the last 12 months, to AED 1,226, across 187 registered sales.