Alexis Tower
ResaleDeveloperREPORTAGE PRIME PROPERTIES L.L.C
CommunityDown Town Jabal Ali
Started
6 years 10 months ago04-03-2019
Handover
1 year 8 months ago20-05-2024
Status
CompleteFinished
Project Description
3B + G + 3P + 13 + R Residential building with retail at ground floor, The project designed to have a concrete structure and block with internal and external finishes.
Performance Alpha
Sales Performance
Blended: Last 90Dvs Last 12M Baseline
Rising+19%Growth
Current:AED 1,593/sqft
Last 12M:AED 1,344/sqft
Momentum: Last 12Mvs Prior Year
—No sales in period
Community Compare: Last 90DDown Town Jabal Ali
Premium+19%Above Avg
Project:AED 1,555/sqft
Community:AED 1,307/sqft
Liquidity: Last 12MExit Speed
Moderate17%Turnover
66Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 1,308/sqft
Range:AED 821 – AED 3K
Avg Unit:AED 51K/yr
Leasing Volume: L12MContracts Signed
Very Active277Total
New:277
Renew:0
Tenant RetentionRenewal Rate
Low0%renewals
100% new tenants0% renewals
Gross YieldAnnual Return
High Yield82.1%Yield
Rent:AED 1,308/sqft
Price:AED 1,593/sqft
Supply & Demand Matrix
Alexis Tower averaged 17% 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
259 units
45 sold214 left
17%
Velocity
1 Bedroom
98 units
18 sold80 left
18%
Velocity
2 Bedrooms
13 units
2 sold11 left
15%
Velocity
Shop
8 units
1 sold7 left
13%
Velocity
Layouts & Units (378)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 1-16 | Inventory 259units 55 layouts · Typically 1 parking 3-32 sqm balcony | Size Range 167-668sqft | Price Range AED 200K - AED 661K | Avg PSF 1,223 | Sales 45 | Trend — | |
Asset Class 1 Bed FlatFloors 1-16 | Inventory 98units 30 layouts · Typically 1 parking 9-25 sqm balcony | Size Range 558-795sqft | Price Range AED 590K - AED 873K | Avg PSF 894 | Sales 18 | Trend — | |
Asset Class 2 Bed FlatFloors 4-16 | Inventory 13units 2 layouts · Typically 1 parking 9-46 sqm balcony | Size Range 814-1,220sqft | Price Range AED 930K - AED 1.0M | Avg PSF 972 | Sales 2 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 27,189-27,189sqft | Price Range AED 32.1M - AED 32.1M | Avg PSF 1,050 | Sales 1 | Trend — | |
Asset Class ShopPodium | Inventory 8units 8 layouts · Typically 0.6 parking | Size Range 285-531sqft | Price Range AED 1.1M - AED 1.1M | Avg PSF 3,055 | Sales 1 | Trend — |
Grouped into 5 asset classes covering 378 units