DAMAC Ghalia
About DAMAC Ghalia
DAMAC Ghalia is in District 18, Jumeirah Village Circle, developed by DAMAC Properties.
Completed and handed over in 2019. Established furnished hotel-apartment style freehold development with studios, 1, 2 and 3-bedroom apartments. Individual unit condition can vary depending on maintenance and upgrades.
Amenities
- Fully furnished units
- separate swimming pools and gyms for men and women
- sauna and steam facilities
- children’s play area
- 24-hour security
- concierge
- balconies
- fitted kitchens
- established rental demand
- relatively affordable entry price
- convenient access toward Al Khail Road and Sheikh Mohammed Bin Zayed Road.
Unit Types & Rental Benchmarks
| Type | Size | Asking | Market / Achieved | AED / sqft |
|---|---|---|---|---|
| Studio - Annual Rent (Asking) | 440 sq ft | AED 45,000 | AED 47,426 | AED 102.3/sqft/year |
| Studio - Sale Price (Asking) | 440 sq ft | AED 585,000 | To be confirmed | AED 1,329.5/sqft |
Rental & Sale Market Notes
Rent trend: Registered average studio rent is approximately AED 47,426, with 196 new studio contracts in the preceding 12 months. Current studio listings commonly sit around AED 40,000-50,000. Studio sale asks are approximately AED 529,000-620,000 excluding ambitious AED 650,000-700,000 listings, while recent resale evidence supports approximately AED 500,000-560,000 and averages about AED 528,000 across five supplied 2026 transactions. One-bed sale asks are approximately AED 759,000-950,000 versus approximately AED 800,000-840,000 achieved. At AED 47,500 rent against AED 540,000, indicative gross yield is approximately 8.8%. After an indicative AED 14.50/sqft service charge, or about AED 6,380 annually for 440 sqft, yield is approximately 7.6% before maintenance, vacancy and management.
Current asking sits approximately -5.1% below the market/achieved comparable, based on our research.
Figures above combine advertised asking prices with our own estimates and viewing-based assessments where stated. They are not verified transaction data.Things To Know
Older than the newest District 18 competition; hotel-apartment styling may not suit every resident; 38-floor high-rise; small gym; individual unit condition can vary.
Who It Suits
Good Fit
Yield-focused investors seeking furnished stock, affordable entry pricing and established rental demand; residents comfortable with hotel-apartment living.
Better To Avoid If
Anyone wanting a boutique low-rise atmosphere, a large mixed gym, brand-new finishes or minimal variation between individual unit conditions.
Find DAMAC Ghalia
DAMAC Ghalia, District 18, Jumeirah Village Circle, Dubai, UAE
