TORINO BY ORO24
HandoverDeveloperORO24 REAL ESTATE DEVELOPMENT L.L.C
CommunityArjan
Started
3 years 6 months ago08-07-2022
Handover
1 year 6 months ago08-07-2024
Status
98% BuiltIn Progress
Project Description
6 Residential buildings each consists of (G+5+R), The project designed to have a concrete structure and block with internal and external finishes.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Rising+5%
GrowthCurrent:AED 1,605/sqft
Last 12M:AED 1,526/sqft
Momentum: Last 12Mvs Prior Year
Rising+13%
GrowthLast 12M:AED 1,526/sqft
Prior Year:AED 1,346/sqft
Community Compare: Last 90DArjan
Discount-15%
Below AvgProject:AED 1,605/sqft
Community:AED 1,881/sqft
Liquidity: Last 12MExit Speed
Moderate12%Turnover
75Sold (Last 12M)
Supply & Demand Matrix
TORINO BY ORO24 averaged 12% liquidity over the last 12 months, which is considered moderate. As units are handed over, early secondary market activity is emerging. Velocity will become more meaningful as the market matures.
Type
Absorption (L12M)
Velocity
Studio
284 units
42 sold242 left
15%
Velocity
1 Bedroom
249 units
25 sold224 left
10%
Velocity
2 Bedrooms
91 units
7 sold84 left
8%
Velocity
3 Bedrooms
1 units
1 sold0 left
100%
Velocity
Layouts & Units (625)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 1-5 | Inventory 284units 48 layouts · Typically 1 parking ~3 sqm balcony | Size Range 182-374sqft | Price Range AED 405K - AED 750K | Avg PSF 1,257 | Sales 345 | Trend — | |
Asset Class 1 Bed FlatFloors 1-5 | Inventory 249units 95 layouts · Typically 1 parking 4-7 sqm balcony | Size Range 507-637sqft | Price Range AED 510K - AED 975K | Avg PSF 1,156 | Sales 285 | Trend — | |
Asset Class 2 Bed FlatFloors 1-5 | Inventory 91units 61 layouts · Typically 1 parking ~5 sqm balcony | Size Range 422-877sqft | Price Range AED 428K - AED 1.4M | Avg PSF 1,030 | Sales 112 | Trend — | |
Asset Class 3 Bed FlatFloor 5 | Inventory 1units Typically 2 parking ~10 sqm balcony | Size Range 1,501-1,517sqft | Price Range AED 1.1M - AED 2.3M | Avg PSF 1,088 | Sales 2 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 24,467-81,529sqft | Price Range AED 3.9M - AED 12.8M | Avg PSF 158 | Sales 2 | Trend — |
Grouped into 5 asset classes covering 625 units