PropertyIndex

mira Community Ph 1

Completed · Q3 2016|317 villas

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mira Community Ph 1 is a completed villas development by AL ARYAM PHASE ONE L.L.C in Reem, Al Yelayiss 1, comprising 317 registered villas. 716 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,135 per sqft. At AED 1,135 per sqft, mira Community Ph 1 prices 3% below the Reem average of AED 1,167 per sqft on registered sales.

PIX© price · 11.8% YoY
3.46MAED
Typical
1,135AED
PSF
Gross yield
4.8%
PIX© rent ÷ PIX© price
Sale records
716
DLD · all time
Rent contracts
2,011
Ejari · all time
mira Community Ph 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
2,168 – 4,488 sqft
3173.46M1,13511.8%166K4.8%
3 Bed · Apartment
2,170 – 3,205 sqft
2 Bed · Villa
2,325 sqft
1
3 Bed · Villa
2,168 – 3,876 sqft
246
4 Bed · Villa
2,842 – 4,488 sqft
70
Villa (Bedrooms Unknown)
2,172 – 2,997 sqft
Sales — Project-Wide716 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
27 Jul 20264 Bed3,1974,400,0001,376+152.0%StandardStandard Sale
23 Jul 20263 Bed3,1953,300,0001,033+37.5%Entry LevelStandard Sale
24 Jun 20264 Bed3,3952,600,000766+18.2%StandardStandard Sale
Rentals — Project-Wide2,011 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
8 Sep 20264 Bed3,646190,00052Standardrenewal
1 Sep 20263 Bed3,098190,00061Premiumrenewal
15 Aug 20263 Bed2,170132,00061+10.0%Entry Levelrenewal

Comparables

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

Comparable projects in Reem

The closest-priced registered projects in Reem.

Common questions about mira Community Ph 1

Answered from Dubai Land Department registered transactions.

How much does a property in mira Community Ph 1 cost?

Property in mira Community Ph 1 sells at a current PIX© price of AED 1,135 per sqft, or about AED 3,462,418 for a typical unit, based on 716 sales registered with the Dubai Land Department.

Is mira Community Ph 1 completed?

Yes. mira Community Ph 1 is recorded as completed in the Dubai Land Department project register (completed q3 2016).

Who is the developer of mira Community Ph 1?

mira Community Ph 1 is developed by AL ARYAM PHASE ONE L.L.C, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in mira Community Ph 1?

mira Community Ph 1 yields 4.8% gross, calculated from current PIX© rent against current PIX© sale price, across 2,011 registered Ejari contracts.

How many villas are in mira Community Ph 1?

mira Community Ph 1 holds 317 registered villas, per the Dubai Land Department unit register.

Have prices in mira Community Ph 1 gone up or down?

Price per sqft has fallen -11.8% over the last 12 months, to AED 1,135, across 716 registered sales.