PropertyIndex

Damac Heights

Completed · Q2 2018|645 units · 1 tower

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Damac Heights is a completed apartment development by DAMAC GULF PROPERTIES (L.L.C) in Dubai Marina, Marsa Dubai, comprising 645 registered units. 1,020 sales are registered with the Dubai Land Department, at a current PIX© price of AED 2,019 per sqft. At AED 2,019 per sqft, Damac Heights prices 20% below the Dubai Marina average of AED 2,539 per sqft on registered sales.

PIX© price · 0.6% YoY
3.18MAED
Typical
2,019AED
PSF
Gross yield
4.3%
PIX© rent ÷ PIX© price
Sale records
1,020
DLD · all time
Rent contracts
2,917
Ejari · all time
Damac Heights

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
625 – 11,091 sqft
6453.18M2,0190.6%136K4.3%
Residential
Studio · Apartment
2,257 sqft
1
1 Bed · Apartment
625 – 1,285 sqft
285
2 Bed · Apartment
1,188 – 2,917 sqft
255
3 Bed · Apartment
1,374 – 3,550 sqft
90
4 Bed · Apartment
1,881 – 3,700 sqft
10
5 Bed · Apartment
11,091 sqft
1
Villa (Bedrooms Unknown)
37,292 sqft
Commercial
Shop
1,480 – 2,022 sqft
3
Sales — Project-Wide1,020 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
DateUnitPositionSizePricePSFvs Prior SaleTierType
10 Aug 20263 BedFloor 511,9064,501,8602,363PremiumPayment Plan Sale
30 Jul 20262 BedFloor 111,4252,700,0001,895-0.2%Entry LevelStandard Sale
24 Jul 20262 BedFloor 771,5053,100,0002,059+55.0%StandardStandard Sale
Rentals — Project-Wide2,917 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Floor Analysis
last 24 months
Median Rent / Yr · 664 rentals
Floors 6-68 · 611 rentals
Floors 70-84 · 53 rentals
Latest contracts
Start DateUnitPositionSizeRent / YrRent PSFvs Prior RentTierType
2 Sep 20261 Bed955115,000120Standardrenewal
24 Aug 20263 Bed1,889222,000118Standardrenewal
17 Aug 20261 BedFloor 68901120,000133-14.3%Standardnew

Comparables

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

Comparable projects in Dubai Marina

The closest-priced registered projects in Dubai Marina.

Common questions about Damac Heights

Answered from Dubai Land Department registered transactions.

How much does a property in Damac Heights cost?

Property in Damac Heights sells at a current PIX© price of AED 2,019 per sqft, or about AED 3,184,937 for a typical unit, based on 1,020 sales registered with the Dubai Land Department.

Is Damac Heights completed?

Yes. Damac Heights is recorded as completed in the Dubai Land Department project register (completed q2 2018).

Who is the developer of Damac Heights?

Damac Heights is developed by DAMAC GULF PROPERTIES (L.L.C), the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Damac Heights?

Damac Heights yields 4.3% gross, calculated from current PIX© rent against current PIX© sale price, across 2,917 registered Ejari contracts.

How many units are in Damac Heights?

Damac Heights holds 645 registered units, per the Dubai Land Department unit register.

Have prices in Damac Heights gone up or down?

Price per sqft has fallen -0.6% over the last 12 months, to AED 2,019, across 1,020 registered sales.