PropertyIndex

Victory Heights - Phase 2

Completed · Q2 2016|30 villas

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Victory Heights - Phase 2 is a completed villas development by VICTORY HEIGHTS REAL ESTATE DEVELOPMENT L.L.C in Dubai Sports City, Al Hebiah Fourth, comprising 30 registered villas. 40 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,650 per sqft. At AED 1,650 per sqft, Victory Heights - Phase 2 prices 15% above the Dubai Sports City average of AED 1,439 per sqft on registered sales.

PIX© price · 0.0% YoY
4.41MAED
Typical
1,650AED
PSF
Gross yield
5.7%
PIX© rent ÷ PIX© price
Sale records
40
DLD · all time
Rent contracts
158
Ejari · all time
Victory Heights - Phase 2

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
2,544 – 2,743 sqft
304.41M1,6500.0%252K5.7%
Residential
4 Bed · Townhouse
2,544 – 2,701 sqft
3 Bed · Villa
2,701 sqft
1
4 Bed · Villa
2,544 – 2,743 sqft
29
Land
Land
2,659 – 2,743 sqft
Sales — Project-Wide40 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
23 Jun 20254 Bed2,6594,800,0001,805+37.1%StandardStandard Sale
22 Jan 20254 Bed2,5444,700,0001,848+49.2%StandardStandard Sale
7 Jan 20254 Bed2,6594,700,0001,768+63.5%StandardStandard Sale
Rentals — Project-Wide158 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
25 Jul 20264 Bed2,701255,00094+2.3%Standardnew
9 Jul 20264 Bed2,659169,496640.0%Standardrenewal
24 Jun 20264 Bed2,659204,000770.0%Standardrenewal

Comparables

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

Comparable projects in Dubai Sports City

The closest-priced registered projects in Dubai Sports City.

Common questions about Victory Heights - Phase 2

Answered from Dubai Land Department registered transactions.

How much does a property in Victory Heights - Phase 2 cost?

Property in Victory Heights - Phase 2 sells at a current PIX© price of AED 1,650 per sqft, or about AED 4,412,497 for a typical unit, based on 40 sales registered with the Dubai Land Department.

Is Victory Heights - Phase 2 completed?

Yes. Victory Heights - Phase 2 is recorded as completed in the Dubai Land Department project register (completed q2 2016).

Who is the developer of Victory Heights - Phase 2?

Victory Heights - Phase 2 is developed by VICTORY HEIGHTS REAL ESTATE DEVELOPMENT L.L.C, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Victory Heights - Phase 2?

Victory Heights - Phase 2 yields 5.7% gross, calculated from current PIX© rent against current PIX© sale price, across 158 registered Ejari contracts.

How many villas are in Victory Heights - Phase 2?

Victory Heights - Phase 2 holds 30 registered villas, per the Dubai Land Department unit register.

Have prices in Victory Heights - Phase 2 gone up or down?

Price per sqft has held flat over the last 12 months at AED 1,650, across 40 registered sales.