PropertyIndex

mira Community Ph 2

Completed · Q3 2016|313 villas

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mira Community Ph 2 is a completed villas development by AL ARYAM PHASE ONE L.L.C in Reem, Al Yelayiss 1, comprising 313 registered villas. 807 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,213 per sqft. At AED 1,213 per sqft, mira Community Ph 2 prices 4% above the Reem average of AED 1,167 per sqft on registered sales.

PIX© price · 5.5% YoY
3.33MAED
Typical
1,213AED
PSF
Gross yield
5.1%
PIX© rent ÷ PIX© price
Sale records
807
DLD · all time
Rent contracts
1,702
Ejari · all time
mira Community Ph 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
2,170 – 4,979 sqft
3133.33M1,2135.5%171K5.1%
3 Bed · Apartment
2,251 – 3,197 sqft
4 Bed · Apartment
2,964 sqft
3 Bed · Villa
2,170 – 4,245 sqft
205
4 Bed · Villa
2,948 – 4,979 sqft
108
Villa (Bedrooms Unknown)
2,251 – 3,449 sqft
Sales — Project-Wide807 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
4 Aug 20264 Bed2,9483,500,0001,187+62.8%StandardStandard Sale
30 Jul 20263 Bed2,6163,400,0001,300+78.9%PremiumStandard Sale
18 Jun 20263 Bed2,1732,925,0001,346+12.5%PremiumStandard Sale
Rentals — Project-Wide1,702 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
1 Sep 20263 Bed2,314155,00067Entry Levelrenewal
14 Aug 20264 Bed3,197190,00059+36.1%Entry Levelnew
7 Aug 20263 Bed3,409180,00053-2.7%Premiumnew

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 2

Answered from Dubai Land Department registered transactions.

How much does a property in mira Community Ph 2 cost?

Property in mira Community Ph 2 sells at a current PIX© price of AED 1,213 per sqft, or about AED 3,328,562 for a typical unit, based on 807 sales registered with the Dubai Land Department.

Is mira Community Ph 2 completed?

Yes. mira Community Ph 2 is recorded as completed in the Dubai Land Department project register (completed q3 2016).

Who is the developer of mira Community Ph 2?

mira Community Ph 2 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 2?

mira Community Ph 2 yields 5.1% gross, calculated from current PIX© rent against current PIX© sale price, across 1,702 registered Ejari contracts.

How many villas are in mira Community Ph 2?

mira Community Ph 2 holds 313 registered villas, per the Dubai Land Department unit register.

Have prices in mira Community Ph 2 gone up or down?

Price per sqft has risen +5.5% over the last 12 months, to AED 1,213, across 807 registered sales.