DAMAC DEVELOPMENT(L L C) · Selling since 2014 · recent sales mostly resales
AED 1,111/sqft
+17.6%
AED 1,351,701
AED 866,885 to AED 2,744,561, from 12.4 years of this project's own history. A trend, not a forecast.
Wide range
Enter the size from the brochure or the floor plan. We price it against what homes of that size actually registered at in Celestia — not an asking price, and not this project’s overall median, which mixes every unit size together.
A year’s rent against what that size actually sold for in Celestia over the same twelve months. Prices are this project’s own registered sales. Rents marked this building are registered new tenancies in Celestia itself; the rest are homes of the same size in Dubai South, used where Ejari did not name the building.
| Size | Costs now | Rents for | Gross yield | Sales behind it |
|---|---|---|---|---|
| Studio | AED 530K | AED 42,000/yrthis building · 292 new lets | 7.9% | 55 |
| 1 bed | AED 890K | AED 64,826/yrthis building · 115 new lets | 7.3% | 15 |
| 2 beds | AED 1.19M | AED 76,500/yrthis building · 26 new lets | 6.5% | 10 |
Why this is lower than yields quoted elsewhere
The usual shortcut divides today’s rent by an average price — and in a market that has risen as far as Dubai’s, the average is a historical price. On that arithmetic a 1 bed here reads 10.4% instead of 7.3%, because it prices the home at AED 624.5K — the median across every sale on record — rather than the AED 890K it costs today. Every figure above uses the same twelve months on both sides.
Price vs. Dubai South median
-35.4%
Priced at or below the area's real median.
Developer track record
6,987 real transactions
11 completed · 0 off-plan/in progress
Full track record →Verify before you commit
Permit, title, broker license, escrow — the free official checks.
Verification guide →Transport, schools, healthcare, and daily essentials within 3 km.
We haven't mapped what's around this project yet. Places are added in batch runs, busiest projects first.
What it returns after service charges
Starting from this building’s own owners-association budget for 2023 — AED 18/sqft, as filed with the Land Department. Charges have risen since then and the filing is matched to this page by name, so replace it with your own invoice if you have one. How to check it.
| Size | Charge / year | Rent after it | Gross | Net |
|---|---|---|---|---|
| Studio | AED 8,056 | AED 33,944 | 7.9% | 6.4% |
| 1 bed | AED 16,141 | AED 48,685 | 7.3% | 5.5% |
| 2 beds | AED 20,204 | AED 56,296 | 6.5% | 4.8% |
Still not the final number: agency commission on re-letting, and any month the home sits empty, both come out of net rent too. This subtracts the service charge only, because it is the one cost that is the same every year whether or not the home is let.
Gross yield: rent before costs. Service charges, agency commission, and any month the home sits empty all come out of it — in Dubai the service charge alone is commonly a fifth to a third of the rent, so treat these as the ceiling rather than the return.