PropertyIndex

Phase 3

Completed · Q2 2018|200 villas

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Phase 3 is a completed villa development by TANMIYAT GLOBAL REAL ESTATE DEVELOPMENT L L C in Living Legends, Wadi Al Safa 3, comprising 200 registered villas. 467 sales are registered with the Dubai Land Department, at a current PIX© price of AED 830 per sqft. At AED 830 per sqft, Phase 3 prices 32% below the Living Legends average of AED 1,212 per sqft on registered sales.

PIX© price · 7.7% YoY
5.42MAED
Typical
830AED
PSF
Gross yield
4.1%
PIX© rent ÷ PIX© price
Sale records
467
DLD · all time
Rent contracts
585
Ejari · all time
Phase 3

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
4,540 – 13,767 sqft
2005.42M8307.7%224K4.1%
Residential
3 Bed · Villa
6,030 sqft
1
4 Bed · Villa
4,540 – 10,612 sqft
66
5 Bed · Villa
4,768 – 12,741 sqft
80
6 Bed · Villa
6,315 – 13,767 sqft
53
Villa (Bedrooms Unknown)
9,403 – 12,616 sqft
Land
Land
14,505 – 18,785 sqft
Sales — Project-Wide467 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
9 Jul 20264 Bed5,6824,400,000774StandardStandard Sale
6 Apr 20265 Bed6,0676,100,0001,005+96.5%StandardStandard Sale
25 Feb 20266 Bed7,2256,000,000830+52.8%StandardStandard Sale
Rentals — Project-Wide585 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
10 Oct 20266 Bed8,110290,00036Standardrenewal
30 Sep 20265 Bed12,551310,00025Premiumnew
31 Aug 20264 Bed4,803200,00042Standardnew

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 3

Answered from Dubai Land Department registered transactions.

How much does a property in Phase 3 cost?

Property in Phase 3 sells at a current PIX© price of AED 830 per sqft, or about AED 5,415,877 for a typical unit, based on 467 sales registered with the Dubai Land Department.

Is Phase 3 completed?

Yes. Phase 3 is recorded as completed in the Dubai Land Department project register (completed q2 2018).

Who is the developer of Phase 3?

Phase 3 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 3?

Phase 3 yields 4.1% gross, calculated from current PIX© rent against current PIX© sale price, across 585 registered Ejari contracts.

How many villas are in Phase 3?

Phase 3 holds 200 registered villas, per the Dubai Land Department unit register.

Have prices in Phase 3 gone up or down?

Price per sqft has fallen -7.7% over the last 12 months, to AED 830, across 467 registered sales.