MICASA AVENUE
ResaleDeveloperDIAMOND REAL ESTATE DEVELOPER
CommunityAl Furjan
AreaJabal Ali First
Started
10 years 3 months ago04-10-2015
Handover
7 years 2 months ago31-10-2018
Status
CompleteFinished
Project Description
Residential Building (B+G+7+R) + Retails @ GF. The Apartments are designed to have a concrete structure and block with internal and external finishes.
Performance Alpha
Rent Pricing: L12MPer Sqft / Year
AED 856/sqft
Range:AED 592 – AED 2K
Avg Unit:AED 60K/yr
Leasing Volume: L12MContracts Signed
Very Active61Total
New:9
Renew:52
Tenant RetentionRenewal Rate
Excellent85%renewals
15% new tenants85% renewals
Avg Annual RentPer Unit
AED 60K/year
Based on 61 contracts
Supply & Demand Matrix
MICASA AVENUE averaged 0% 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
1 Bedroom
49 units
0 sold49 left
0%
Velocity
2 Bedrooms
14 units
0 sold14 left
0%
Velocity
Shop
1 units
0 sold1 left
0%
Velocity
Layouts & Units (64)
| Property Type | Contracts (L12M) | Size Range | Rent Range (PSF) | Avg Rent/Sqft | Avg Annual | |
|---|---|---|---|---|---|---|
Property Type 1bed room+Hallapartment | Contracts 259 | Size Range 61-67sqft | Rent Range 522-1,066 | Avg Rent/Sqft 731AED | Avg Annual AED 46K | |
Property Type 2 bed rooms+hallapartment | Contracts 74 | Size Range 104-123sqft | Rent Range 488-817 | Avg Rent/Sqft 602AED | Avg Annual AED 69K | |
Property Type Shopretail | Contracts 6 | Size Range 46-46sqft | Rent Range 1,043-1,641 | Avg Rent/Sqft 1,322AED | Avg Annual AED 61K |
339 rental contracts grouped into 3 property types