PropertyIndex

Phase 1

Completed · Q4 2015|150 villas

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Phase 1 is a completed villas development by TANMIYAT GLOBAL REAL ESTATE DEVELOPMENT L L C in Living Legends, Wadi Al Safa 3, comprising 150 registered villas. 383 sales are registered with the Dubai Land Department, at a current PIX© price of AED 784 per sqft. At AED 784 per sqft, Phase 1 prices 35% below the Living Legends average of AED 1,212 per sqft on registered sales.

PIX© price · 1.1% YoY
9.70MAED
Typical
784AED
PSF
Gross yield
2.4%
PIX© rent ÷ PIX© price
Sale records
383
DLD · all time
Rent contracts
436
Ejari · all time
Phase 1

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
4,304 – 14,194 sqft
1509.70M7841.1%237K2.4%
Residential
4 Bed · Villa
4,304 – 9,530 sqft
38
5 Bed · Villa
4,554 – 13,574 sqft
79
6 Bed · Villa
5,950 – 14,194 sqft
33
Villa (Bedrooms Unknown)
5,849 – 10,651 sqft
Land
Land
394,981 sqft
Sales — Project-Wide383 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
31 Jul 20264 Bed4,6404,500,000970+60.7%StandardStandard Sale
22 Jul 20265 Bed4,9834,500,000903+66.7%StandardStandard Sale
2 Jul 20265 Bed9,0244,825,000535+72.3%Entry LevelStandard Sale
Rentals — Project-Wide436 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
15 Aug 20264 Bed6,069200,00033+6.3%Standardrenewal
1 Aug 20264 Bed5,992175,000290.0%Standardrenewal
1 Aug 20265 Bed6,191220,000360.0%Standardnew

Comparables

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

Comparable projects in Living Legends

The closest-priced registered projects in Living Legends.

Common questions about Phase 1

Answered from Dubai Land Department registered transactions.

How much does a property in Phase 1 cost?

Property in Phase 1 sells at a current PIX© price of AED 784 per sqft, or about AED 9,699,694 for a typical unit, based on 383 sales registered with the Dubai Land Department.

Is Phase 1 completed?

Yes. Phase 1 is recorded as completed in the Dubai Land Department project register (completed q4 2015).

Who is the developer of Phase 1?

Phase 1 is developed by TANMIYAT GLOBAL REAL ESTATE DEVELOPMENT L L C, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Phase 1?

Phase 1 yields 2.4% gross, calculated from current PIX© rent against current PIX© sale price, across 436 registered Ejari contracts.

How many villas are in Phase 1?

Phase 1 holds 150 registered villas, per the Dubai Land Department unit register.

Have prices in Phase 1 gone up or down?

Price per sqft has fallen -1.1% over the last 12 months, to AED 784, across 383 registered sales.