Studio · 429 sqftViridis Residences B, Damac Hills 2 · 10th floor · completed 2023

1003, Viridis Residences B

Sold prices and rental history: sold 4 times, last in August 2024, and rented once, from November 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1003 · DLD and Ejari recordsUpdated 7 November 2024
Last soldAED 427K29 August 2024
Current rentAED 40K /yr7 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1003, Viridis Residences B

What is 1003 worth today?

Last sold for AED 426,500 in 2024

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7 Nov 2024RentedNew contract
AED 40,000/yr12 months · AED 93 per sqft
29 Aug 2024SoldReady
AED 426,500AED 994 per sqft
29 Feb 2024SoldReady
AED 380,000AED 885 per sqft
15 Jun 2023SoldReady
AED 420,000AED 979 per sqft
16 May 2023Sold by developerReady
AED 364,000AED 848 per sqft

Source: Dubai Land Department. Updated 7 November 2024.

Key facts

Type
Studio hotel apartment
Size
429 sqft
Floor
10th of 14
Parking
P1-190
Developer
DAMAC
Completed
2023
Last sold
AED 427K · August 2024

About 1003, Viridis Residences B

1003 is a studio of 429 sqft on the 10th floor of Viridis Residences B, a 14-storey tower in Damac Hills 2 completed in 2023 by DAMAC. It last sold on 29 August 2024 for AED 426,500, or AED 994 per sqft, 12% above the AED 891 studios in the building were fetching at the time.

One Ejari contract is registered, from 7 November 2024. The current contract, signed on 7 November 2024, is AED 40,000 a year: a gross yield of 9.4% on the 2024 price.

Sales and rents for 1003 over time

Sales
Unit 1003, each saleTypical studio in Viridis Residences B
400K500K20152018202120242027Typical sale price by year: 2015 AED 504,900; 2016 AED 523,488; 2018 AED 474,825; 2022 AED 334,910; 2023 AED 361,500; 2024 AED 386,500; 2025 AED 432,558; 2026 AED 470,000Sold by developer, May 2023: AED 364,000 (AED 848 per sqft)Sold, June 2023: AED 420,000 (AED 979 per sqft)Sold, February 2024: AED 380,000 (AED 885 per sqft)Sold, August 2024: AED 426,500 (AED 994 per sqft)

1003 has sold 4 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1003, each contractTypical studio in Viridis Residences B
35K40K20232024202520262027Typical rent by year: 2023 AED 32,500; 2024 AED 36,000; 2025 AED 40,000; 2026 AED 39,000New contract, November 2024: AED 40,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Viridis Residences B, and where 1003 sits

All 146 studios →

1003 last sold in August 2024 at AED 994 per sqft, 12% above what studios in Viridis Residences B were fetching at the time (AED 891). Over the last 12 months studios sold for AED 350,000 to 654,615, around AED 1,119 per sqft, and rent for AED 25,000 to 60,000 a year. 1003's AED 40,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
3 Nov 2026350,000
24 Oct 2026426,000
25 Aug 2026495,439
24 Aug 2026425,000
18 studio sales in the last 12 months

Viridis Residences B

Building

213 apartments, studios to 2-bed over 14 floors in Damac Hills 2, completed in 2023 by DAMAC. 23 sold in the last 12 months.

Typical price per sqft
AED 1,111 Up 12.2%
Typical sale
AED 470K
Typical rent
AED 40K /yr
Typical yield
7.8%
Viridis Residences B, Damac Hills 2: prices, sales and rents →

Other units on the 10th floor

All 213 units in Viridis Residences B
Value
10012-bedAED 810K · Mar 2023
1002StudioAED 607K · Jul 2022
1004StudioAED 357K · Apr 2023
1005StudioAED 495K · Feb 2016
1006StudioAED 540K · Sep 2024
1007StudioAED 378K · Dec 2023
1008StudioAED 482K · Feb 2016
1–7 of 17

1003, Viridis Residences B in numbers

  • Sold 4 times: first on 16 May 2023 for AED 364,000, last on 29 August 2024 for AED 426,500 (AED 994 per sqft).
  • Rented since November 2024 on one Ejari contract, at AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2024 price is 9.4%.
  • Studios in Viridis Residences B sold for AED 350,000–654,615 in the 12 months to November 2026; the building's median across all types is AED 1,111 per sqft.

Source: Dubai Land Department. Updated 7 November 2024.

Questions about 1003, Viridis Residences B

What did unit 1003 last sell for?

AED 426,500 on 29 August 2024: AED 994 per sqft for 429 sqft. The unit has 4 registered sales; the first was AED 364,000 in May 2023.

What is the rent for unit 1003?

AED 40,000 a year on the contract signed on 7 November 2024.

How big is unit 1003?

429 sqft (39.9 sqm): a studio on the 10th floor of a 14-storey tower completed in 2023.

What is unit 1003 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Viridis Residences B sold for AED 350,000 to 654,615 in the last 12 months, around AED 1,119 per sqft.

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Mortgage on 1003, Viridis Residences B

Starts from the last sale price (AED 427K, 29 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 426,500
Deposit, UAE resident (20%)
AED 85,300
Deposit, non-resident (40%)
AED 170,600
Monthly over 25 years at 3.7%
AED 1,745

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →