PropertyIndex

Phase 2

Completed · Q4 2022|380 units · 3 buildings

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

Phase 2 is a completed apartment development by JUMEIRAH HILLS DEVELOPMENT L.L.C in Madinat Jumeirah Living, Um Suqaim Third, comprising 380 registered units. 599 sales are registered with the Dubai Land Department, at a current PIX© price of AED 2,505 per sqft. At AED 2,505 per sqft, Phase 2 prices 25% below the Madinat Jumeirah Living average of AED 3,357 per sqft on registered sales.

PIX© price · 13.4% YoY
3.43MAED
Typical
2,505AED
PSF
Gross yield
5.5%
PIX© rent ÷ PIX© price
Sale records
599
DLD · all time
Rent contracts
647
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
174 – 3,448 sqft
3803.43M2,50513.4%187K5.5%
Residential
1 Bed · Apartment
776 – 1,317 sqft
196
2 Bed · Apartment
1,156 – 2,500 sqft
111
3 Bed · Apartment
1,874 – 3,209 sqft
31
4 Bed · Apartment
2,785 – 3,448 sqft
18
Commercial
Shop
430 – 1,517 sqft
8
Store
174 – 701 sqft
16
Sales — Project-Wide599 DLD records
Sale price AED/sqft · monthly · all time

Price per sqft has fallen -13.4% over the last 12 months, to AED 2,505, across 599 registered sales.

PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range · all time
PSF range
Avg size
Cash : mortgage
Off-plan : ready
DateSizePricePSFUnit TypeType
6 Jul 20268301,750,0002,109Entry LevelStandard Sale
25 Mar 20267842,125,0002,709PremiumStandard Sale
9 Mar 20268432,100,0002,490Entry LevelStandard Sale
Rentals — Project-Wide647 Ejari contracts
Annual rent AED · monthly · all time
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range · all time
Renewals
Corporate
Start DateSizeRent / YrRent PSFUnit TypeType
1 Nov 2026806165,000205Premiumrenewal
13 Aug 2026806130,000161Standardrenewal
12 Aug 20261,954240,000123Premiumrenewal

Comparables

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

Comparable projects in Madinat Jumeirah Living

The closest-priced registered projects in Madinat Jumeirah Living.

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 2,505 per sqft, or about AED 3,429,217 for a typical unit, based on 599 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 2022).

Who is the developer of Phase 2?

Phase 2 is developed by JUMEIRAH HILLS 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 5.5% gross, calculated from current PIX© rent against current PIX© sale price, across 647 registered Ejari contracts.

How many units are in Phase 2?

Phase 2 holds 380 registered units, per the Dubai Land Department unit register.

Have prices in Phase 2 gone up or down?

Price per sqft has fallen -13.4% over the last 12 months, to AED 2,505, across 599 registered sales.