BLUE WAVE
ResaleDeveloperTIGER PROPERTIES
CommunityDubai Land Residence Complex
AreaWadi Al Safa 5
Started
6 years 2 months ago01-11-2019
Handover
2 years 11 months ago30-01-2023
Status
CompleteFinished
Project Description
PROJECT CONSISTS OF 3B+G+4P+2 OFFICES+17+R RESIDENTIAL & COMMERCIAL BUILDING LOCATED IN WADI AL SAFA 5. THE APARTMENTS ARE DESIGNED TO HAVE A CONCRETE STRUCTURE AND BLOCK WITH INTERNAL AND EXTERNAL FINISHES.
Performance Alpha
Sales Performance
Blended: Last 90Dvs Last 12M Baseline
Stable+1%Growth
Current:AED 987/sqft
Last 12M:AED 978/sqft
Momentum: Last 12Mvs Prior Year
Rising+15%Growth
Last 12M:AED 978/sqft
Prior Year:AED 848/sqft
Community Compare: Last 90DDubai Land Residence Complex
Discount-26%Below Avg
Project:AED 971/sqft
Community:AED 1,315/sqft
Liquidity: Last 12MExit Speed
Low7%Turnover
42Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 798/sqft
Range:AED 396 – AED 1K
Avg Unit:AED 46K/yr
Leasing Volume: L12MContracts Signed
Very Active464Total
New:311
Renew:153
Tenant RetentionRenewal Rate
Fair33%renewals
67% new tenants33% renewals
Gross YieldAnnual Return
High Yield80.9%Yield
Rent:AED 798/sqft
Price:AED 987/sqft
Supply & Demand Matrix
BLUE WAVE averaged 7% 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
328 units
33 sold295 left
10%
Velocity
1 Bedroom
196 units
8 sold188 left
4%
Velocity
2 Bedrooms
34 units
1 sold33 left
3%
Velocity
Shop
2 units
0 sold2 left
0%
Velocity
Office
18 units
0 sold18 left
0%
Velocity
Layouts & Units (578)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 1-19 | Inventory 328units 50 layouts · Typically 1 parking 4-8 sqm balcony | Size Range 287-803sqft | Price Range AED 300K - AED 587K | Avg PSF 843 | Sales 86 | Trend — | |
Asset Class 1 Bed FlatFloors 1-19 | Inventory 196units 19 layouts · Typically 1 parking 5-19 sqm balcony | Size Range 657-1,423sqft | Price Range AED 495K - AED 882K | Avg PSF 770 | Sales 36 | Trend — | |
Asset Class 2 Bed FlatFloors 3-19 | Inventory 34units 3 layouts · Typically 1 parking 10-12 sqm balcony | Size Range 1,121-1,338sqft | Price Range AED 800K - AED 1.1M | Avg PSF 764 | Sales 3 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 64,792-64,792sqft | Price Range AED 22.8M - AED 22.8M | Avg PSF 352 | Sales 1 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 15,315-15,315sqft | Price Range — | Avg PSF 9,407 | Sales 0 | Trend — | |
Asset Class OfficeFloors 1-2 | Inventory 18units 9 layouts · Typically 2.7 parking | Size Range 880-2,180sqft | Price Range — | Avg PSF 1,067 | Sales 0 | Trend — | |
Asset Class ShopPodium | Inventory 2units 2 layouts · Typically 16.5 parking | Size Range 8,680-15,315sqft | Price Range — | Avg PSF 690 | Sales 0 | Trend — |
Grouped into 7 asset classes covering 578 units