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DAMAC ISLANDS - MALDIVES 5

Under construction

Developed by DAMAC ELITE INVESTMENT CO. L.L.C. Located in Al Yelayiss 1.

Construction progress1%Official DLD record
Units0Registered units
Registered sales15812 in the last 12 months
Median sale priceAED 3.10MMedian of registered salesAED 1,474/sqft

Registry record

Project number
3502
Name on the register
داماك ايلاندز - مالديفز 5
Developer
DAMAC ELITE INVESTMENT CO. L.L.C
Master developer
شركة داماك ايليت للاستثمار ذ.م.م
Escrow agent
EMIRATES NBD BANK (P.J.S.C)
Zoning authority
Dubai Development Authority (DDA)
Master project
Not recorded
Start date
21 Apr 2025
Expected completion
31 Dec 2028
Actual completion
Not recorded
Cancelled
Not recorded
Plots
154
Progress
1%

Project consists of 155 Nos of B+G+2, G+2 and G+1 Townhouses and Villas located in Al Yalayis 1, Dubai. The units are designed to have a concrete structure and block with internal and external finishes.

Sales evidence

Median size
2,364 sqft
Median price per sqft
AED 1,474/sqft
Total value transacted
AED 805.32M
Off-plan vs ready
0 off-plan · 158 ready
First sale
12 Mar 2025
Latest sale
23 Jul 2026

Registered sales in this project

All sales
Registered property transactions from the Dubai Land Department
DateCommunityProject / buildingTypeBedsSizePrice/sqftPrice
23 Jul 2026Al Yelayiss 1DAMAC ISLANDS - MALDIVES 5LandExisting PropertiesNot specified4,900 sqftAED 1,435/sqftAED 7,033,000
19 Jun 2026Al Yelayiss 1DAMAC ISLANDS - MALDIVES 5LandExisting PropertiesNot specified1,553 sqftAED 1,781/sqftAED 2,767,010
9 Jun 2026Al Yelayiss 1DAMAC ISLANDS - MALDIVES 5LandExisting PropertiesNot specified2,423 sqftAED 1,727/sqftAED 4,185,000
1 Jun 2026Al Yelayiss 1DAMAC ISLANDS - MALDIVES 5LandExisting PropertiesNot specified2,423 sqftAED 1,757/sqftAED 4,259,000
1 Jun 2026Al Yelayiss 1DAMAC ISLANDS - MALDIVES 5LandExisting PropertiesNot specified1,554 sqftAED 2,001/sqftAED 3,109,000
1 May 2026Al Yelayiss 1DAMAC ISLANDS - MALDIVES 5LandExisting PropertiesNot specified1,554 sqftAED 1,961/sqftAED 3,046,820
23 Mar 2026Al Yelayiss 1DAMAC ISLANDS - MALDIVES 5LandExisting PropertiesNot specified1,550 sqftAED 1,838/sqftAED 2,850,000
17 Feb 2026Al Yelayiss 1DAMAC ISLANDS - MALDIVES 5LandExisting PropertiesNot specified1,550 sqftAED 1,729/sqftAED 2,680,000
13 Feb 2026Al Yelayiss 1DAMAC ISLANDS - MALDIVES 5LandExisting PropertiesNot specified1,550 sqftAED 1,710/sqftAED 2,650,000
20 Jan 2026Al Yelayiss 1DAMAC ISLANDS - MALDIVES 5LandExisting PropertiesNot specified5,200 sqftAED 1,408/sqftAED 7,320,000
6 Nov 2025Al Yelayiss 1DAMAC ISLANDS - MALDIVES 5LandExisting PropertiesNot specified1,550 sqftAED 1,597/sqftAED 2,475,000
27 Oct 2025Al Yelayiss 1DAMAC ISLANDS - MALDIVES 5LandExisting PropertiesNot specified1,550 sqftAED 1,867/sqftAED 2,893,708
7 Aug 2025Al Yelayiss 1DAMAC ISLANDS - MALDIVES 5LandExisting PropertiesNot specified1,550 sqftAED 1,803/sqftAED 2,795,190
6 Aug 2025Al Yelayiss 1DAMAC ISLANDS - MALDIVES 5LandExisting PropertiesNot specified1,550 sqftAED 1,724/sqftAED 2,672,120
4 Aug 2025Al Yelayiss 1DAMAC ISLANDS - MALDIVES 5LandExisting PropertiesNot specified5,134 sqftAED 1,247/sqftAED 6,401,000
28 Jul 2025Al Yelayiss 1DAMAC ISLANDS - MALDIVES 5LandExisting PropertiesNot specified4,844 sqftAED 1,303/sqftAED 6,313,000
24 Jul 2025Al Yelayiss 1DAMAC ISLANDS - MALDIVES 5LandExisting PropertiesNot specified1,550 sqftAED 1,563/sqftAED 2,423,000
22 Jul 2025Al Yelayiss 1DAMAC ISLANDS - MALDIVES 5LandExisting PropertiesNot specified4,898 sqftAED 1,253/sqftAED 6,139,130
18 Jul 2025Al Yelayiss 1DAMAC ISLANDS - MALDIVES 5LandExisting PropertiesNot specified1,550 sqftAED 1,563/sqftAED 2,423,000
18 Jul 2025Al Yelayiss 1DAMAC ISLANDS - MALDIVES 5LandExisting PropertiesNot specified4,886 sqftAED 1,295/sqftAED 6,326,000
17 Jul 2025Al Yelayiss 1DAMAC ISLANDS - MALDIVES 5LandExisting PropertiesNot specified13,005 sqftAED 1,450/sqftAED 18,852,260
17 Jul 2025Al Yelayiss 1DAMAC ISLANDS - MALDIVES 5LandExisting PropertiesNot specified1,550 sqftAED 1,563/sqftAED 2,423,000
17 Jul 2025Al Yelayiss 1DAMAC ISLANDS - MALDIVES 5LandExisting PropertiesNot specified11,956 sqftAED 1,519/sqftAED 18,159,360
17 Jul 2025Al Yelayiss 1DAMAC ISLANDS - MALDIVES 5LandExisting PropertiesNot specified1,550 sqftAED 1,670/sqftAED 2,588,000
17 Jul 2025Al Yelayiss 1DAMAC ISLANDS - MALDIVES 5LandExisting PropertiesNot specified1,550 sqftAED 1,564/sqftAED 2,424,000

Source: Dubai Land Department open data, retrieved from the Digital Dubai data.dubai platform. Figures cover registered transactions and Ejari-registered tenancy contracts, and are statistical summaries of public record — not a valuation of any individual property. Registration data can be amended or backdated by the source after first publication.