Terrace Apartment 1
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Terrace Apartment 1 is an in-progress apartment development in Motor City, Al Hebiah First, comprising 160 registered units. 348 sales are registered with the Dubai Land Department, at a current PIX© price of AED 988 per sqft. At AED 988 per sqft, Terrace Apartment 1 prices 41% below the Motor City average of AED 1,675 per sqft on registered sales.
Units
Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.
| Type | Units | PIX© Price | PIX© PSF | PSF YoY | Trend | PIX© Rent /yr | Yield |
|---|---|---|---|---|---|---|---|
3 Bed 3,303 – 5,262 sqft | 160 | 0 | 0 | 0.0% | 0 | 0.0% |
| All towers | Terrace Apartment 2 | Terrace Apartment 3 | Terrace Apartment 4 | |
|---|---|---|---|---|
| All units | 44 rentals | 11 rentals | 15 rentals | 18 rentals |
| Building | Units | Avg size, sqft | Size range, sqft |
|---|---|---|---|
| Building 1 | 40 | 4,181 | 3,303 – 5,262 |
| Building 2 | 40 | 4,187 | 3,303 – 5,262 |
| Building 3 | 40 | 4,181 | 3,303 – 5,262 |
| Building 4 | 40 | 4,181 | 3,303 – 5,262 |
Comparables
How this project prices against its peers, ranked by PIX© price per square foot.
Comparable projects in Motor City
The closest-priced registered projects in Motor City.
- Newbridge Hill 3AED 997/sqft
- RabdanAED 1,177/sqft
- OIA ResidenceAED 1,182/sqft
- The Community Motor CityAED 1,322/sqft
- Detroit HouseAED 1,341/sqft
Common questions about Terrace Apartment 1
Answered from Dubai Land Department registered transactions.
How much does a property in Terrace Apartment 1 cost?
Property in Terrace Apartment 1 sells at a current PIX© price of AED 988 per sqft, or about AED 5,200,481 for a typical unit, based on 348 sales registered with the Dubai Land Department.
When is Terrace Apartment 1 handing over?
Terrace Apartment 1 is under construction.
What is the rental yield in Terrace Apartment 1?
Terrace Apartment 1 yields 5.6% gross, calculated from current PIX© rent against current PIX© sale price, across 1,041 registered Ejari contracts.
How many units are in Terrace Apartment 1?
Terrace Apartment 1 holds 160 registered units, per the Dubai Land Department unit register.
Have prices in Terrace Apartment 1 gone up or down?
Price per sqft has fallen -10.2% over the last 12 months, to AED 988, across 348 registered sales.