PropertyIndex

Gardenia1 & 2

Under Construction · Due Q2 2023 · 97%|172 units · 1 building · 1 villa

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Gardenia1 & 2 is an under-construction mixed residential development by MEMON INVESTMENTS L.L.C in Jumeirah Village Circle, Al Barsha South Fourth, comprising 172 registered units. 85 sales are registered with the Dubai Land Department, at a current PIX© price of AED 650 per sqft. At AED 650 per sqft, Gardenia1 & 2 prices 55% below the Jumeirah Village Circle average of AED 1,452 per sqft on registered sales.

PIX© price · 0.0% YoY
728KAED
Typical
650AED
PSF
Gross yield
Awaiting handover
PIX© rent ÷ PIX© price
Sale records
85
DLD · all time
Rent contracts
Awaiting handover
Ejari · all time
Gardenia1 & 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 YoY
PIX© Core
Project-Wide
419 – 1,931 sqft
172728K6500.0%
Residential
Studio · Apartment
419 – 1,283 sqft
60
1 Bed · Apartment
774 – 1,641 sqft
94
2 Bed · Apartment
1,161 – 1,743 sqft
7
3 Bed · Apartment
1,864 – 1,931 sqft
7
Villa (Bedrooms Unknown)
1,121 sqft
1
Commercial
Shop
723 – 762 sqft
3
Land
Land
28,014 sqft
No rental contracts registered — the project has not handed over.
Sales — Project-Wide85 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
17 Dec 20241 BedFloor 3940640,000681+3.2%PremiumOff-Plan Sale
7 Dec 2024StudioFloor 41,283705,650550Entry LevelOff-Plan Sale
6 Dec 20241 BedFloor 3846465,300550Entry LevelOff-Plan Sale
Rentals — Project-Wide
PIX© rent analysis
No Ejari rental contracts. Contracts appear once handover occurs and tenancies are registered.

Comparables

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

Comparable projects in Jumeirah Village Circle

The closest-priced registered projects in Jumeirah Village Circle.

Common questions about Gardenia1 & 2

Answered from Dubai Land Department registered transactions.

How much does a property in Gardenia1 & 2 cost?

Property in Gardenia1 & 2 sells at a current PIX© price of AED 650 per sqft, or about AED 728,354 for a typical unit, based on 85 sales registered with the Dubai Land Department.

When is Gardenia1 & 2 handing over?

Gardenia1 & 2 is under construction, due q2 2023, and is 97% complete against the Dubai Land Department's reported progress.

Who is the developer of Gardenia1 & 2?

Gardenia1 & 2 is developed by MEMON INVESTMENTS L.L.C, the developer recorded against the project in the Dubai Land Department register.

How many units are in Gardenia1 & 2?

Gardenia1 & 2 holds 172 registered units, per the Dubai Land Department unit register.

Have prices in Gardenia1 & 2 gone up or down?

Price per sqft has held flat over the last 12 months at AED 650, across 85 registered sales.