SOL AVENUE
MatureDeveloperS O L PROPERTIES DEVELOPMENT L.L.C
CommunityBusiness Bay
AreaBusiness Bay
Started
10 years 11 months ago15-02-2015
Handover
5 years 7 months ago30-05-2020
Status
CompleteFinished
Project Description
PROJECT CONSISTS OF 3B+G+2P+17+R MIXED USE BUILDING LOCATED IN BUSINESS BAY. THE APARTMENTS ARE DESIGNED TO HAVE A CONCRETE STRUCTURE AND BLOCK WITH INTERNAL AND EXTERNAL FINISHES.
Performance Alpha
Rent Pricing: L12MPer Sqft / Year
AED 1,118/sqft
Range:AED 2 – AED 2K
Avg Unit:AED 93K/yr
Leasing Volume: L12MContracts Signed
Very Active237Total
New:147
Renew:90
Tenant RetentionRenewal Rate
Fair38%renewals
62% new tenants38% renewals
Avg Annual RentPer Unit
AED 93K/year
Based on 237 contracts
Supply & Demand Matrix
SOL 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
Studio
74 units
0 sold74 left
0%
Velocity
1 Bedroom
177 units
0 sold177 left
0%
Velocity
2 Bedrooms
42 units
0 sold42 left
0%
Velocity
Shop
31 units
0 sold31 left
0%
Velocity
Layouts & Units (324)
| Property Type | Contracts (L12M) | Size Range | Rent Range (PSF) | Avg Rent/Sqft | Avg Annual | |
|---|---|---|---|---|---|---|
Property Type Studioapartment | Contracts 101 | Size Range 45-89sqft | Rent Range 656-2,140 | Avg Rent/Sqft 1,339AED | Avg Annual AED 62K | |
Property Type 1bed room+Hallapartment | Contracts 636 | Size Range 50-208sqft | Rent Range 382-1,839 | Avg Rent/Sqft 1,060AED | Avg Annual AED 84K | |
Property Type 2 bed rooms+hallapartment | Contracts 135 | Size Range 124-258sqft | Rent Range 391-1,290 | Avg Rent/Sqft 949AED | Avg Annual AED 130K | |
Property Type Shopretail | Contracts 124 | Size Range 17-54sqft | Rent Range 2-122,757 | Avg Rent/Sqft 5,466AED | Avg Annual AED 118K | |
Property Type Food courtretail | Contracts 4 | Size Range 86-86sqft | Rent Range 233-2,044 | Avg Rent/Sqft 1,081AED | Avg Annual AED 93K |
1,000 rental contracts grouped into 5 property types