PropertyIndex

Phase 2

Completed · Q4 2016|150 villas

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Phase 2 is a completed land development by TANMIYAT GLOBAL REAL ESTATE DEVELOPMENT L L C in Living Legends, Wadi Al Safa 3, comprising 150 registered villas. 352 sales are registered with the Dubai Land Department, at a current PIX© price of AED 821 per sqft. At AED 821 per sqft, Phase 2 prices 32% below the Living Legends average of AED 1,212 per sqft on registered sales.

PIX© price · 6.2% YoY
5.26MAED
Typical
821AED
PSF
Gross yield
5.1%
PIX© rent ÷ PIX© price
Sale records
352
DLD · all time
Rent contracts
405
Ejari · all time
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
4,356 – 13,008 sqft
1505.26M8216.2%267K5.1%
Residential
2 Bed · Villa
5,039 sqft
1
4 Bed · Villa
4,356 – 10,883 sqft
58
5 Bed · Villa
4,828 – 11,876 sqft
38
6 Bed · Villa
6,678 – 13,008 sqft
53
Villa (Bedrooms Unknown)
Commercial
Shop
Land
Land
7,120 – 17,524 sqft
Sales — Project-Wide352 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
12 Aug 20264 Bed5,6604,700,000830+88.4%StandardStandard Sale
10 Jul 20266 Bed6,8925,650,000820+76.6%StandardStandard Sale
16 Mar 20264 Bed4,8304,900,0001,014+88.5%StandardStandard Sale
Rentals — Project-Wide405 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 20266 Bed9,218259,29128-0.3%Standardrenewal
1 Aug 20264 Bed6,651180,000270.0%Entry Levelnew
1 Aug 20266 Bed9,007199,89022+13.6%Standardrenewal

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 2

Answered from Dubai Land Department registered transactions.

How much does a property in Phase 2 cost?

Property in Phase 2 sells at a current PIX© price of AED 821 per sqft, or about AED 5,263,667 for a typical unit, based on 352 sales registered with the Dubai Land Department.

Is Phase 2 completed?

Yes. Phase 2 is recorded as completed in the Dubai Land Department project register (completed q4 2016).

Who is the developer of Phase 2?

Phase 2 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 2?

Phase 2 yields 5.1% gross, calculated from current PIX© rent against current PIX© sale price, across 405 registered Ejari contracts.

How many villas are in Phase 2?

Phase 2 holds 150 registered villas, per the Dubai Land Department unit register.

Have prices in Phase 2 gone up or down?

Price per sqft has risen +6.2% over the last 12 months, to AED 821, across 352 registered sales.