AARK RESIDENCES
HandoverDeveloperAARK DEVELOPERS L.L.C
CommunityDubai Land Residence Complex
AreaWadi Al Safa 5
Started
2 years 8 months ago17-05-2023
Handover
1 year 1 month ago23-12-2024
Status
83% BuiltIn Progress
Project Description
1B+G+10F+R.The project designed to have a concrete structure and block with internal and external finishes.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Falling-7%
DeclineCurrent:AED 1,118/sqft
Last 12M:AED 1,206/sqft
Momentum: Last 12Mvs Prior Year
Rising+7%
GrowthLast 12M:AED 1,206/sqft
Prior Year:AED 1,130/sqft
Community Compare: Last 90DDubai Land Residence Complex
Discount-15%
Below AvgProject:AED 1,118/sqft
Community:AED 1,315/sqft
Liquidity: Last 12MExit Speed
Moderate14%Turnover
14Sold (Last 12M)
Supply & Demand Matrix
AARK RESIDENCES averaged 14% 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
1 Bedroom
60 units
7 sold53 left
12%
Velocity
2 Bedrooms
40 units
7 sold33 left
18%
Velocity
Layouts & Units (100)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class 1 Bed FlatFloors 1-10 | Inventory 60units 6 layouts · Typically 1 parking 17-25 sqm balcony | Size Range 752-886sqft | Price Range AED 720K - AED 1.1M | Avg PSF 1,137 | Sales 62 | Trend — | |
Asset Class 2 Bed FlatFloors 1-10 | Inventory 40units 4 layouts · Typically 1 parking 29-34 sqm balcony | Size Range 747-1,245sqft | Price Range AED 1.2M - AED 1.7M | Avg PSF 1,149 | Sales 40 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 24,275-24,275sqft | Price Range — | Avg PSF 300 | Sales 0 | Trend — |
Grouped into 3 asset classes covering 100 units