DAMAC "Park Towers"
DAMAC Properties · DIFC · Dubai
SKID Score6.7 / 10
SKID Score
6.7 / 10
Worth comparing
Worth comparing. The evidenced factors are mixed. Strongest evidenced factor: developer. Weakest: payment plan.
Key Investment Insight
High pre-handover capital commitment: 100% due before completion
- Published price
- From AED 7.7M
- Payment plan
- Down payment 100%.
- Handover
- Dec 2011
- Available units
- Freehold
- Gross yield
- 6.9%
- Fair value
- -0.9% in line with market
- Risk
- Medium
- At handover
- 0% at or after handover
Comparable price check blocked — asset types do not match
Project is classified as commercial. SKID blocks comparing commercial or land-plot properties against residential transactions.
Why SKID blocked this price comparison
Comparing different property classes (such as commercial space vs. residential apartments, or villas vs. apartments) creates misleading price-per-square-foot numbers. Verify commercial lease and sale comps separately.
AED 3,675 / sq.ft.
AED 7,695,450 starting price · 2,094 sq.ft.
Headline AED/sq.ft. (AED 3,675/sq.ft.) is calculated directly from the published starting Commercial unit (AED 7,695,450 ÷ 2,094 sq.ft.).
Insufficient Evidence
Min. 3 comparable sales required
Median price paid for completed residential homes nearby (DLD).
Not Calculated
No assumption substituted
Positive (+) is a premium above benchmark median; negative (-) is a discount below benchmark median (not a guaranteed gain).
What price should I offer?
Separating developer asking price, official closed comparable sales, model fair value, and evidence-supported negotiating range.
AED 7.7M
AED 3,675 / sq.ft. · 2,094 sq.ft.
Calculated from the published starting Commercial unit (AED 7,695,450 ÷ 2,094 sq ft = AED 3,675/sqft).
Insufficient comps
Min. 3 matched sales required
Withheld
Requires verified comps & size
Precise Range Withheld
Commercial, office, retail, industrial, and land properties cannot be valued using residential apartment or villa comparables. SKID withholds a residential negotiating range for non-residential assets.
You might find a better deal.
Up to three evidence-backed alternatives from SKID's database matched to DAMAC "Park Towers" by budget, asset class, location, and 6-dimension risk-return profile.
SKID intelligence
How does this project compare across all 10 factors?
- Gross yield
- 6.9%
- Fair value
- -0.9% in line with market
0.4 since last analysis
Last evaluated: 2026-10-23
01 · Ranked
10 factors
0% total
Tap any slice or factor below to inspect how SKID weighs and verifies it.
Why SKID gave it 6.7
| Factor | Weight | Score |
|---|---|---|
Location Established prime district | 20.5% | 6.8/ 10 |
Entry price Launch is 0.9% below median DLD sale price per sq ft (discount) in this community | 15.4% | 7.6/ 10 |
Developer 24 other catalog project(s) already past their published handover | 15.4% | 8.6/ 10 |
Supply / competition 2 other live launches in DIFC | 10.3% | 8.0/ 10 |
Payment plan 0% of the price is due at or after handover | 10.3% | 3.0/ 10 |
Appreciation potential Community closed-sale trend is +0.0% year on year | 10.3% | 6.3/ 10 |
Rental yield Implied gross yield is 6.9% against community rents | 7.7% | 7.6/ 10 |
Delivery risk The published handover date is already in the past | 5.1% | 3.8/ 10 |
Exit liquidity 20 primary off-plan registrations in this community (0 completed or secondary resales recorded yet) | 5.1% | 4.5/ 10 |
Strong
- • 24 other catalog project(s) already past their published handover
- • 2 other live launches in DIFC
Watch
- • Established prime district
- • Launch is 0.9% below median DLD sale price per sq ft (discount) in this community
- • Community closed-sale trend is +0.0% year on year
- • Implied gross yield is 6.9% against community rents
Risk
- • 0% of the price is due at or after handover
- • The published handover date is already in the past
- • 20 primary off-plan registrations in this community (0 completed or secondary resales recorded yet)
What the agents are saying & Did each agent do its job?Show audit detailsHide
Did each agent do its job?
No current news specifically about this project, developer, or community, so news did not change the SKID score.
Developer evaluation for DAMAC Properties: 8.6 / 10 from delivery history. 24 other catalog project(s) already past their published handover Active UAE developer with established multi-project delivery history Delivery risk 3.8 / 10. The published handover date is already in the past.
Community read for DIFC: location 6.8 / 10, supply 8.0 / 10. Established prime district 2 other live launches in DIFC
Pricing agent: Launch is 0.9% below median DLD sale price per sq ft (discount) in this community No usable service charge, so that factor was left out. 20 primary off-plan registrations in this community (0 completed or secondary resales recorded yet)
ROI agent: Community closed-sale trend is +0.0% year on year Implied gross yield is 6.9% against community rents
Payment plan agent: 0% of the price is due at or after handover. Score 3.0 / 10.
Worth comparing. The evidenced factors are mixed. Strongest evidenced factor: developer. Weakest: payment plan.
What the agents are saying
News sentiment
No current news specifically about this project, developer, or community, so news did not change the SKID score.
Developer evaluation
Developer evaluation for DAMAC Properties: 8.6 / 10 from delivery history. 24 other catalog project(s) already past their published handover Active UAE developer with established multi-project delivery history Delivery risk 3.8 / 10. The published handover date is already in the past.
Community
Community read for DIFC: location 6.8 / 10, supply 8.0 / 10. Established prime district 2 other live launches in DIFC
Pricing
Pricing agent: Launch is 0.9% below median DLD sale price per sq ft (discount) in this community No usable service charge, so that factor was left out. 20 primary off-plan registrations in this community (0 completed or secondary resales recorded yet)
ROI
ROI agent: Community closed-sale trend is +0.0% year on year Implied gross yield is 6.9% against community rents
Payment plan
Payment plan agent: 0% of the price is due at or after handover. Score 3.0 / 10.
Orchestrator
Worth comparing. The evidenced factors are mixed. Strongest evidenced factor: developer. Weakest: payment plan.
Payment plan
Payment Plan 0% is due at or after handover. Down payment 100%.
Location
DIFC · Dubai
Recent sales nearby
| Date | Type | Price | Sq ft | AED / sq ft |
|---|---|---|---|---|
| 2026-07-06 | Off-plan · Apartment | AED 2.38M | 783 | 3,033 |
| 2026-07-02 | Off-plan · Apartment | AED 2.97M | 764 | 3,894 |
| 2026-07-02 | Off-plan · Apartment | AED 3.86M | 1,257 | 3,068 |
| 2026-07-02 | Off-plan · Apartment | AED 2.49M | 866 | 2,873 |
| 2026-07-02 | Ready · Apartment | AED 4.5M | 2,939 | 1,531 |
| 2026-06-29 | Off-plan · Apartment | AED 3.83M | 878 | 4,360 |
| 2026-06-29 | Off-plan · Apartment | AED 2.76M | 791 | 3,492 |
| 2026-06-29 | Off-plan · Apartment | AED 2.56M | 866 | 2,952 |
| 2026-06-29 | Off-plan · Apartment | AED 2.1M | 866 | 2,422 |
| 2026-06-26 | Off-plan · Apartment | AED 3.76M | 1,044 | 3,605 |
| 2026-06-26 | Off-plan · Apartment | AED 3.85M | 1,044 | 3,688 |
| 2026-06-26 | Off-plan · Apartment | AED 16.87M | 3,654 | 4,616 |
| 2026-06-24 | Off-plan · Apartment | AED 2.38M | 783 | 3,038 |
| 2026-06-24 | Off-plan · Apartment | AED 4.04M | 1,200 | 3,366 |
| 2026-06-24 | Off-plan · Apartment | AED 2.36M | 783 | 3,016 |
| 2026-06-22 | Off-plan · Apartment | AED 2.7M | 783 | 3,442 |
| 2026-06-22 | Off-plan · Apartment | AED 6.3M | 1,721 | 3,660 |
| 2026-06-22 | Off-plan · Apartment | AED 2.46M | 866 | 2,839 |
| 2026-06-19 | Off-plan · Apartment | AED 5.83M | 1,722 | 3,384 |
| 2026-06-18 | Off-plan · Apartment | AED 3.88M | 1,044 | 3,711 |
| 2026-06-18 | Off-plan · Apartment | AED 3.87M | 1,044 | 3,702 |
| 2026-06-18 | Off-plan · Apartment | AED 3.63M | 1,036 | 3,503 |
| 2026-06-15 | Off-plan · Apartment | AED 3.99M | 1,256 | 3,176 |
| 2026-06-11 | Off-plan · Apartment | AED 3.37M | 1,103 | 3,058 |
Closed sales in this community. These are not this tower's own contracts unless the record says so.
Available units
Commerce
From AED 7.7M
2,094 sq.ft · AED 3,675 / sq.ft
From 2094 sq ft / sq m as published
Amenities
- Shared Pool
- Shared Gym & Fitness Centre
- Tennis Court
- Lobby
- BBQ
- Sauna
- Concierge Service
- Shared Jacuzzi
- Conference Room
Compare
DAMAC "Park Towers"
From AED 7.7M · 6.7 / 10
Questions about this launch
- Is DAMAC "Park Towers" a good off-plan investment in DIFC?
- DAMAC "Park Towers" in DIFC (Dubai) scores 6.7/10 (compare) on the independent SKID 10-factor off-plan model across 98% evidenced factor weight. Worth comparing. The evidenced factors are mixed. Strongest evidenced factor: developer. Weakest: payment plan. SKID Fair Value Gap: launch entry pricing sits 0.9% below matched land-registry transactions (Discount) in DIFC (advertised listings are excluded). SKID Rental Evidence: registered tenancy contracts imply ~6.93% gross yield before service charges and vacancy reserves. Reviewed by SKID Investment Research Engine (as of 2026-10-23).
- Who is building DAMAC "Park Towers"?
- DAMAC Properties is the developer named on this launch.
- When is handover for DAMAC "Park Towers"?
- The published handover is Dec 2011.
- What is the starting price of DAMAC "Park Towers"?
- The published starting price is AED 7.7M.
- What does the SKID screen mean for DAMAC "Park Towers"?
- The SKID screen for this launch in DIFC is 35 out of 100. It ranks the published payment plan, handover date, starting price, and whether a developer is named. It is not a buy signal. Run the simulation before you reserve.
Methodology & Registry Provenance (Evaluated 2026-10-23)Details
Evidence Coverage: 9 of 10 canonical factors evidenced (97.5% weight coverage). Missing factors are excluded rather than treated as positive evidence.
Provenance Policy: Closed Dubai Land Department (DLD) registry transactions, Oqood registrations, and registered Ejari tenancy contracts are strictly separated from developer launch prices and portal listings.
Scoring Methodology·Research Reports·Investor Q&A·Weekly Verdicts