PropertyIndex

Paradise View 1

Completed · Q4 2018|204 units · 1 tower

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Paradise View 1 is a completed apartment development by AL MASKAN AL HADEETH REAL ESTATE DEVELOPMANT L.L.C in Majan, Wadi Al Safa 3, comprising 204 registered units. 200 sales are registered with the Dubai Land Department, at a current PIX© price of AED 953 per sqft. At AED 953 per sqft, Paradise View 1 prices 38% below the Majan average of AED 1,541 per sqft on registered sales.

PIX© price · 17.8% YoY
798KAED
Typical
953AED
PSF
Gross yield
5.4%
PIX© rent ÷ PIX© price
Sale records
200
DLD · all time
Rent contracts
1,233
Ejari · all time
Paradise View 1

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
140 – 2,039 sqft
204798K95317.8%43K5.4%
Residential
Studio · Apartment
427 – 529 sqft
68
1 Bed · Apartment
777 – 900 sqft
99
2 Bed · Apartment
1,132 – 1,527 sqft
29
3 Bed · Apartment
1,840 – 2,039 sqft
7
Commercial
Store
140 sqft
1
Sales — Project-Wide200 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
Floor Analysis
last 24 months
Median PSF · 200 sales
Floors 1-6 · 109 sales
Floors 7-9 · 61 sales
Floors 10-11 · 30 sales
Latest transactions
DateUnitPositionSizePricePSFvs Prior SaleTierType
15 Aug 20261 BedFloor 5830850,0001,024PremiumStandard Sale
22 Jul 20261 BedFloor 9830800,000963-41.5%PremiumStandard Sale
14 Jul 20263 BedFloor 101,8401,500,000815Entry LevelStandard Sale
Rentals — Project-Wide1,233 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Floor Analysis
last 24 months
Median Rent / Yr · 258 rentals
Floors 1-9 · 227 rentals
Floors 10-11 · 31 rentals
Latest contracts
Start DateUnitPositionSizeRent / YrRent PSFvs Prior RentTierType
15 Aug 20262 BedFloor 61,13289,46179+46.5%Standardrenewal
15 Aug 20262 BedFloor 41,13272,19864+4.2%Standardrenewal
15 Jul 20263 BedFloor 71,84650,00027-34.0%Standardnew

Comparables

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

Comparable projects in Majan

The closest-priced registered projects in Majan.

Common questions about Paradise View 1

Answered from Dubai Land Department registered transactions.

How much does a property in Paradise View 1 cost?

Property in Paradise View 1 sells at a current PIX© price of AED 953 per sqft, or about AED 798,246 for a typical unit, based on 200 sales registered with the Dubai Land Department.

Is Paradise View 1 completed?

Yes. Paradise View 1 is recorded as completed in the Dubai Land Department project register (completed q4 2018).

Who is the developer of Paradise View 1?

Paradise View 1 is developed by AL MASKAN AL HADEETH REAL ESTATE DEVELOPMANT L.L.C, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Paradise View 1?

Paradise View 1 yields 5.4% gross, calculated from current PIX© rent against current PIX© sale price, across 1,233 registered Ejari contracts.

How many units are in Paradise View 1?

Paradise View 1 holds 204 registered units, per the Dubai Land Department unit register.

Have prices in Paradise View 1 gone up or down?

Price per sqft has fallen -17.8% over the last 12 months, to AED 953, across 200 registered sales.