PropertyIndex

Somerset Mews

Completed · Q2 2018|17 villas

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Somerset Mews is a completed villas development by ELLINGTON PROPERTIES DEVELOPMENT L.L.C in Jumeirah Village Circle, Al Barsha South Fourth, comprising 17 registered villas. 42 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,748 per sqft. At AED 1,748 per sqft, Somerset Mews prices 20% above the Jumeirah Village Circle average of AED 1,452 per sqft on registered sales.

PIX© price · 15.8% YoY
5.30MAED
Typical
1,748AED
PSF
Gross yield
3.0%
PIX© rent ÷ PIX© price
Sale records
42
DLD · all time
Rent contracts
40
Ejari · all time
Somerset Mews

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
1,735 – 3,711 sqft
175.30M1,74815.8%158K3.0%
Residential
3 Bed · Villa
1,735 – 3,711 sqft
14
4 Bed · Villa
1,735 – 1,739 sqft
3
Land
Land
35,645 sqft
Sales — Project-Wide42 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
26 Feb 20263 Bed1,7373,500,0002,015+82.1%StandardStandard Sale
22 Jan 20253 Bed1,7372,900,0001,670+43.8%StandardStandard Sale
16 Oct 20243 Bed1,7373,100,0001,784+58.9%StandardStandard Sale
Rentals — Project-Wide40 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 Bed1,735139,46680+5.0%Standardrenewal
20 Apr 20263 Bed3,711210,00057+25.0%Standardrenewal
25 Jul 20254 Bed1,735132,82577+15.3%Standardnew

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 Somerset Mews

Answered from Dubai Land Department registered transactions.

How much does a property in Somerset Mews cost?

Property in Somerset Mews sells at a current PIX© price of AED 1,748 per sqft, or about AED 5,296,176 for a typical unit, based on 42 sales registered with the Dubai Land Department.

Is Somerset Mews completed?

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

Who is the developer of Somerset Mews?

Somerset Mews is developed by ELLINGTON PROPERTIES DEVELOPMENT L.L.C, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Somerset Mews?

Somerset Mews yields 3.0% gross, calculated from current PIX© rent against current PIX© sale price, across 40 registered Ejari contracts.

How many villas are in Somerset Mews?

Somerset Mews holds 17 registered villas, per the Dubai Land Department unit register.

Have prices in Somerset Mews gone up or down?

Price per sqft has risen +15.8% over the last 12 months, to AED 1,748, across 42 registered sales.