PropertyIndex

Phase 2

Completed · Q4 2015|394 villas

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Phase 2 is a completed villa development by MDN REAL ESTATE L.L.C in Mudon, Al Hebiah Sixth, comprising 394 registered villas. 181 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,027 per sqft. At AED 1,027 per sqft, Phase 2 prices 34% below the Mudon average of AED 1,565 per sqft on registered sales.

PIX© price · 2.3% YoY
5.85MAED
Typical
1,027AED
PSF
Gross yield
4.7%
PIX© rent ÷ PIX© price
Sale records
181
DLD · all time
Rent contracts
1,225
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
3,330 – 13,295 sqft
3945.85M1,0272.3%273K4.7%
Residential
3 Bed · Apartment
1 Bed · Villa
3,358 sqft
1
3 Bed · Villa
3,330 – 11,957 sqft
97
4 Bed · Villa
3,330 – 10,260 sqft
181
5 Bed · Villa
3,330 – 13,295 sqft
115
Villa (Bedrooms Unknown)
11,517 sqft
Land
Land
8,019 sqft
Sales — Project-Wide181 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
Latest transactions
DateUnitSizePricePSFvs Prior SaleTierType
6 Jul 20263 Bed5,9206,350,0001,073+217.5%StandardStandard Sale
19 Jun 20263 Bed6,7124,970,000740StandardStandard Sale
3 Jun 20264 Bed4,1984,700,0001,120Entry LevelStandard Sale
Rentals — Project-Wide1,225 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Latest contracts
Start DateUnitSizeRent / YrRent PSFvs Prior RentTierType
15 Aug 20263 Bed6,419350,00055Standardnew
1 Aug 20265 Bed6,558189,000290.0%Standardrenewal
23 Jul 20264 Bed7,519260,150350.0%Entry Levelrenewal

Comparables

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

Comparable projects in Mudon

The closest-priced registered projects in Mudon.

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 1,027 per sqft, or about AED 5,846,902 for a typical unit, based on 181 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 2015).

Who is the developer of Phase 2?

Phase 2 is developed by MDN REAL ESTATE 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 4.7% gross, calculated from current PIX© rent against current PIX© sale price, across 1,225 registered Ejari contracts.

How many villas are in Phase 2?

Phase 2 holds 394 registered villas, per the Dubai Land Department unit register.

Have prices in Phase 2 gone up or down?

Price per sqft has fallen -2.3% over the last 12 months, to AED 1,027, across 181 registered sales.