Al Fouad
MatureDeveloperSOOMA REAL ESTATE DEVELOPER L.L.C
CommunityAl Furjan
AreaJabal Ali First
Started
10 years ago04-01-2016
Handover
8 years ago31-12-2017
Status
CompleteFinished
Project Description
PROJECT CONSISTS OF B+G+10+R RESIDENTIAL BUILDING WITH RETAIL AT GROUND FLOOR LOCATED IN JABAL ALI FIRST. THE APARTMENTS ARE DESIGNED TO HAVE A CONCRETE STRUCTURE AND BLOCK WITH INTERNAL AND EXTERNAL FINISHES.
Performance Alpha
Sales Performance
Market Sales: Last 90Dvs Last 12M Baseline
—No recent sales
Momentum: Last 12Mvs Prior Year
Rising+6%Growth
Last 12M:AED 940/sqft
Prior Year:AED 886/sqft
Community Compare: Last 90DAl Furjan
—No recent sales
Liquidity: Last 12MExit Speed
Low7%Turnover
8Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 760/sqft
Range:AED 432 – AED 2K
Avg Unit:AED 58K/yr
Leasing Volume: L12MContracts Signed
Very Active78Total
New:29
Renew:49
Tenant RetentionRenewal Rate
Excellent63%renewals
37% new tenants63% renewals
Gross YieldAnnual Return
High Yield85.8%Yield
Rent:AED 760/sqft
Price:AED 886/sqft
Supply & Demand Matrix
Al Fouad averaged 7% liquidity over the last 12 months, which is considered low. High velocity indicates an active secondary market with easier exit potential. Lower velocity suggests long-term holds or cooling demand.
Type
Absorption (L12M)
Velocity
Studio
18 units
3 sold15 left
17%
Velocity
1 Bedroom
68 units
5 sold63 left
7%
Velocity
2 Bedrooms
18 units
0 sold18 left
0%
Velocity
3 Bedrooms
2 units
0 sold2 left
0%
Velocity
Shop
2 units
0 sold2 left
0%
Velocity
Layouts & Units (108)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 1-9 | Inventory 18units 2 layouts · Typically 1 parking ~8 sqm balcony | Size Range 264-519sqft | Price Range AED 201K - AED 590K | Avg PSF 716 | Sales 16 | Trend — | |
Asset Class 1 Bed FlatFloors 1-10 | Inventory 68units 26 layouts · Typically 1 parking 6-52 sqm balcony | Size Range 356-1,295sqft | Price Range AED 210K - AED 850K | Avg PSF 669 | Sales 45 | Trend — | |
Asset Class 2 Bed FlatFloors 1-9 | Inventory 18units 3 layouts · Typically 1 parking ~15 sqm balcony | Size Range 560-1,171sqft | Price Range AED 410K - AED 1.1M | Avg PSF 690 | Sales 19 | Trend — | |
Asset Class 3 Bed FlatFloor 10 | Inventory 2units Typically 2 parking ~23 sqm balcony | Size Range 1,695-1,695sqft | Price Range AED 1.3M - AED 1.4M | Avg PSF 776 | Sales 2 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 27,994-27,994sqft | Price Range — | Avg PSF 309 | Sales 0 | Trend — | |
Asset Class ShopPodium | Inventory 2units 2 layouts · Typically 4 parking | Size Range 545-1,602sqft | Price Range AED 593K - AED 1.6M | Avg PSF 1,056 | Sales 3 | Trend — |
Grouped into 6 asset classes covering 108 units