Palace Residences Dubai Hills Estate

Off-Plan

DeveloperDUBAI HILLS ESTATE L.L.C

CommunityDubai Hills Estate

AreaHadaeq Sheikh Mohammed Bin Rashid

Started

1 year 9 months ago30-03-2024

Handover

In 2 years 3 months30-04-2028

Status

9% BuiltIn Progress

Project Description

The project contains three buildings shared on basement, ground and podium floor in addition to group of townhouses Building 01: consist of B+G+P+21 Floors and includes 293 units (120 apartments 1BR, 132 apartments 2 BR and 41 apartments 3BR) Building 02: consist of B+G+P+22 Floors and includes 312 units (128 apartments 1BR, 140 apartments 2 BR and 44 apartments 3BR) Building 03: consist of B+G+P+23 Floors and includes 337 units (165 apartments 1BR, 133 apartments 2 BR and 39 apartments 3BR) Townhouses: Include 15 townhouses (G+1)

Performance Alpha

Developer Sales: Last 90Dvs Last 12M Baseline

Stable

+1%

Growth

Current:AED 2,435/sqft

Last 12M:AED 2,400/sqft

Momentum: Last 12Mvs Prior Year

Stable

-1%

Decline

Last 12M:AED 2,400/sqft

Prior Year:AED 2,417/sqft

Community Compare: Last 90DDubai Hills Estate

Premium

+7%

Above Avg

Project:AED 2,435/sqft

Community:AED 2,268/sqft

Layouts & Units (962)

Asset Class	Inventory	Size Range	Price Range	Avg PSF	Sales	Trend
Asset Class 1 Bed FlatPodium + Floors 1-23	Inventory 428units 35 layouts · Typically 1 parking 7-22 sqm balcony	Size Range 374-920sqft	Price Range AED 929K - AED 2.1M	Avg PSF 2,435	Sales 439	Trend —

Asset Class 2 Bed FlatPodium + Floors 1-23	Inventory 395units 52 layouts · Typically 1 parking 10-45 sqm balcony	Size Range 1,106-1,515sqft	Price Range AED 2.5M - AED 3.2M	Avg PSF 2,344	Sales 409	Trend —

Asset Class 3 Bed FlatPodium + Floors 1-23	Inventory 139units 25 layouts · Typically 1 parking 13-55 sqm balcony	Size Range 772-2,303sqft	Price Range AED 3.6M - AED 6.3M	Avg PSF 2,567	Sales 141	Trend —

Grouped into 3 asset classes covering 962 units