PropertyIndex

Phase 5

Under Construction · Due Q1 2025 · 49%|920 units · 3 towers

Alerts: Get notified of every new DLD-registered sale and rental contract.

Phase 5 is an under-construction apartment development by AMER ALGHURAIR REAL ESTATE DEVELOPMENT CO. L.L.C in Living Legends, Wadi Al Safa 3, comprising 920 registered units. 345 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,339 per sqft. At AED 1,339 per sqft, Phase 5 prices 10% above the Living Legends average of AED 1,212 per sqft on registered sales.

PIX© price · 49.9% YoY
1.02MAED
Typical
1,339AED
PSF
Gross yield
7.1%
PIX© rent ÷ PIX© price
Sale records
345
DLD · all time
Rent contracts
208
Ejari · all time
Phase 5

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
338 – 4,383 sqft
9201.02M1,33949.9%73K7.1%
Studio · Apartment
338 – 799 sqft
335
1 Bed · Apartment
575 – 1,252 sqft
307
2 Bed · Apartment
810 – 1,838 sqft
188
3 Bed · Apartment
1,408 – 1,863 sqft
86
4 Bed · Apartment
4,098 – 4,383 sqft
4
Sales — Project-Wide345 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
Tower & Floor Analysis
last 24 months
All towers · 220 sales
Floors 1-13 · 185 sales
Floors 14-19 · 35 sales
Cinderella · 104 sales
Floors 1-13 · 83 sales
Floors 14-19 · 21 sales
Al Ghurair Residence 5 · 116 sales
Floors 1-13 · 102 sales
Floors 14-19 · 14 sales
Latest transactions
DateUnitPositionSizePricePSFvs Prior SaleTierType
14 Aug 20261 BedCinderella · Floor 1575862,1851,500PremiumOff-Plan Sale
11 Aug 20262 BedCinderella · Floor 18101,093,9191,350StandardOff-Plan Sale
11 Aug 20262 BedCinderella · Floor 99461,310,5561,385StandardOff-Plan Sale
Rentals — Project-Wide208 Ejari contracts
PIX© rent analysis
All time
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Floor Analysis
last 24 months
Median Rent / Yr · 189 rentals
Floors 1-4 · 58 rentals
Floors 5-16 · 131 rentals
Latest contracts
Start DateUnitPositionSizeRent / YrRent PSFvs Prior RentTierType
1 Sep 20262 Bed1,470105,00071Standardnew
17 Aug 20262 BedAl Ghurair Residence 5 · Floor 51,470100,00068Entry Levelnew
16 Aug 20261 BedAl Ghurair Residence 5 · Floor G85565,00076-14.5%Entry Levelnew

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 5

Answered from Dubai Land Department registered transactions.

How much does a property in Phase 5 cost?

Property in Phase 5 sells at a current PIX© price of AED 1,339 per sqft, or about AED 1,021,189 for a typical unit, based on 345 sales registered with the Dubai Land Department.

When is Phase 5 handing over?

Phase 5 is under construction, due q1 2025, and is 49% complete against the Dubai Land Department's reported progress.

Who is the developer of Phase 5?

Phase 5 is developed by AMER ALGHURAIR REAL ESTATE DEVELOPMENT CO. L.L.C, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Phase 5?

Phase 5 yields 7.1% gross, calculated from current PIX© rent against current PIX© sale price, across 208 registered Ejari contracts.

How many units are in Phase 5?

Phase 5 holds 920 registered units across 3 towers, per the Dubai Land Department unit register.

Have prices in Phase 5 gone up or down?

Price per sqft has risen +49.9% over the last 12 months, to AED 1,339, across 345 registered sales.