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. 598 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 26% below the Madinat Jumeirah Living average of AED 3,364 per sqft on registered sales.

PIX© price · 13.3% YoY
3.43MAED
Typical
2,505AED
PSF
Gross yield
5.4%
PIX© rent ÷ PIX© price
Sale records
598
DLD · all time
Rent contracts
662
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
3803.43M2,50513.3%186K5.4%
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
3 Bed · Villa
Commercial
Shop
430 – 1,517 sqft
8
Store
174 – 701 sqft
16
Sales — Project-Wide598 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 Analysis
last 24 months
All towers · 51 sales
Madinat Jumeirah Living Lamtara 3 · 14 sales
Madinat Jumeirah Living Rahaal 1 · 12 sales
Madinat Jumeirah Living Rahaal 2 · 25 sales
Latest transactions
DatePositionSizePricePSFvs Prior SaleTierType
6 Jul 2026Madinat Jumeirah Living Rahaal 2 · Floor 98301,750,0002,109+29.8%Entry LevelStandard Sale
25 Mar 2026Madinat Jumeirah Living Lamtara 3 · Floor 27842,125,0002,709+79.2%PremiumStandard Sale
9 Mar 2026Madinat Jumeirah Living Rahaal 2 · Floor 38432,100,0002,490+60.4%Entry LevelStandard Sale
Rentals — Project-Wide662 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Tower & Floor Analysis
last 24 months
All towers · 345 rentals
Floors 1-5 · 202 rentals
Floor 6 · 58 rentals
Floors 7-10 · 85 rentals
Madinat Jumeirah Living Rahaal 1 · 112 rentals
Floors 1-5 · 63 rentals
Floor 6 · 25 rentals
Floors 7-10 · 24 rentals
Madinat Jumeirah Living Lamtara 3 · 110 rentals
Floors 1-5 · 70 rentals
Floor 6 · 19 rentals
Floors 7-10 · 21 rentals
Madinat Jumeirah Living Rahaal 2 · 123 rentals
Floors 1-5 · 69 rentals
Floor 6 · 14 rentals
Floors 7-10 · 40 rentals
Latest contracts
Start DatePositionSizeRent / YrRent PSFvs Prior RentTierType
1 Nov 2026806165,000205Premiumrenewal
14 Aug 2026Madinat Jumeirah Living Rahaal 2 · Floor 2845115,000136-4.2%Standardrenewal
14 Aug 2026Madinat Jumeirah Living Lamtara 3 · Floor 678995,000120-13.6%Entry Levelnew

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 3,429,216 for a typical unit, based on 598 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 5.4% gross, calculated from current PIX© rent against current PIX© sale price, across 662 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 -13.3% over the last 12 months, to AED 2,505, across 598 registered sales.