Azizi Plaza Hotel Apartments
ResaleDeveloperAZIZI DEVELOPMENTS L.L.C
CommunityAl Furjan
AreaJabal Ali First
Started
9 years 4 months ago01-09-2016
Handover
5 years 7 months ago31-05-2020
Status
CompleteFinished
Project Description
Hotel Building (B+G+2P+11+Duplex Floor+R)with external and internal finishes
Performance Alpha
Sales Performance
Blended: Last 90Dvs Last 12M Baseline
Falling-5%Decline
Current:AED 1,243/sqft
Last 12M:AED 1,312/sqft
Momentum: Last 12Mvs Prior Year
Rising+20%Growth
Last 12M:AED 1,312/sqft
Prior Year:AED 1,097/sqft
Community Compare: Last 90DAl Furjan
Discount-5%Below Avg
Project:AED 1,243/sqft
Community:AED 1,305/sqft
Liquidity: Last 12MExit Speed
Moderate13%Turnover
60Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 1,172/sqft
Range:AED 309 – AED 3K
Avg Unit:AED 59K/yr
Leasing Volume: L12MContracts Signed
Very Active285Total
New:192
Renew:93
Tenant RetentionRenewal Rate
Fair33%renewals
67% new tenants33% renewals
Gross YieldAnnual Return
High Yield94.3%Yield
Rent:AED 1,172/sqft
Price:AED 1,243/sqft
Supply & Demand Matrix
Azizi Plaza Hotel Apartments averaged 13% liquidity over the last 12 months, which is considered moderate. 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
286 units
44 sold242 left
15%
Velocity
1 Bedroom
46 units
7 sold39 left
15%
Velocity
2 Bedrooms
102 units
7 sold95 left
7%
Velocity
Shop
14 units
2 sold12 left
14%
Velocity
Layouts & Units (448)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Building | Inventory 0units | Size Range 59,761-59,761sqft | Price Range AED 32.4M - AED 32.4M | Avg PSF 521 | Sales 1 | Trend — | |
Asset Class Hotel ApartmentFloors 1-12 | Inventory 286units 44 layouts · Typically 1 parking 2-13 sqm balcony | Size Range 168-469sqft | Price Range AED 180K - AED 575K | Avg PSF 1,229 | Sales 104 | Trend — | |
Asset Class 2 Bed Hotel ApartmentFloors 1-12 | Inventory 102units 32 layouts · Typically 1 parking 7-171 sqm balcony | Size Range 906-3,212sqft | Price Range AED 677K - AED 1.6M | Avg PSF 919 | Sales 21 | Trend — | |
Asset Class 1 Bed Hotel ApartmentFloors 1-12 | Inventory 46units 13 layouts · Typically 1 parking 11-28 sqm balcony | Size Range 777-955sqft | Price Range AED 621K - AED 910K | Avg PSF 956 | Sales 19 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 2,339-7,042sqft | Price Range — | Avg PSF 4,286 | Sales 0 | Trend — | |
Asset Class ShopPodium | Inventory 14units 13 layouts · Typically 0.9 parking | Size Range 362-2,339sqft | Price Range AED 1.5M - AED 2.0M | Avg PSF 2,271 | Sales 2 | Trend — |
Grouped into 6 asset classes covering 448 units