Phoenix

P1 — Delivered Off-Plan Primary
Developer Damac Properties
Community Damac Hills
Property type Villa
Data updated Jan 29, 2026

Phoenix is a Delivered development by Damac Properties in Damac Hills. 54 units across 3 Bedroom (82%), 5 Bedroom (11%), 6 Bedroom (7%). Over the trailing 12 months, 88 sales at a median of AED 3,650,000.

Key Metrics
Median Price
Value
AED 3,650,000
Change
18.1% YoY
Transactions
Value
88
Change
7 in period
Price / sqft
Value
AED 1,744
Handover Status
Value
P1
Change
Delivered — ready sale recorded
Median Price
AED 3,650,000
↑ 18.1% YoY
Transactions
88
↑ 7 in period
Price / sqft
AED 1,744
Handover
P1
Delivered
Investment Analytics
Capital Return
Value
16.2%
Holding Period
Value
2.1 yrs
Liquidity
Value
13.0%
Ready Market Mix
Value
0.0%
Rental Activity
Value
37.0%
Capital Return
16.2%
Holding Period
2.1 yrs
Liquidity
13.0%
Ready Market Mix
0.0%
Rental Activity
37.0%

Rental Performance

Rental Volume
Value
190
Avg Annual Rent
Value
AED 149,675
New Leases
Value
62.1%
Renewals
Value
37.9%
Rental Volume
190
Avg Annual Rent
AED 149,675
New Leases
62.1%
Renewals
37.9%

Unit Mix

By bedroom type
3 Bedroom 44 units · 82%
5 Bedroom 6 units · 11%
6 Bedroom 4 units · 7%

Transaction Breakdown

All time — 88 transactions
Off-Plan Primary
48
Off-Plan Secondary
1
Ready Primary
6
Ready Secondary
33

Price History

Median Price — Phoenix

Median prices in Phoenix have risen sharply, up 16% from AED 3.1M to AED 3.6M over the past 5 months.

Recent Transactions

Showing last 10 of 88
Date Type Price (AED) Size (sqft) AED/sqft
Jan 29, 2026 RP Secondary 3,650,000 2,064 1,768
Jan 13, 2026 RP Secondary 3,600,000 2,064 1,744
Jan 07, 2026 RP Secondary 3,700,000 2,249 1,645
Dec 15, 2025 RP Secondary 3,700,000 2,064 1,792
Jul 10, 2025 RP Secondary 3,200,000 2,064 1,550
May 16, 2025 RP Secondary 8,800,000 3,816 2,305
Apr 17, 2025 RP Secondary 3,150,000 2,249 1,400
Mar 05, 2025 RP Secondary 3,130,000 2,064 1,516
Feb 11, 2025 RP Secondary 3,200,000 2,249 1,422
Jan 20, 2025 RP Secondary 2,200,000 2,249 978

This project is in Damac Hills

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