Shorooq Land 2
ResaleCommunityDubai Land Residence Complex
AreaWadi Al Safa 5
Started
8 years 8 months ago01-05-2017
Handover
5 years 8 months ago30-04-2020
Status
CompleteFinished
Project Description
Type of buildings / Number of buildings: Floor / 1 Building Jomaih Total number of units: 253 units -Residential Building 2B+G+12+1R -At Dubai land Plot No. RC-C-018
Performance Alpha
Rent Pricing: L12MPer Sqft / Year
AED 1,253/sqft
Range:AED 507 – AED 3K
Avg Unit:AED 64K/yr
Leasing Volume: L12MContracts Signed
Active94Total
New:40
Renew:54
Tenant RetentionRenewal Rate
Good57%renewals
43% new tenants57% renewals
Avg Annual RentPer Unit
AED 64K/year
Based on 94 contracts
Supply & Demand Matrix
Shorooq Land 2 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
163 units
0 sold163 left
0%
Velocity
1 Bedroom
82 units
0 sold82 left
0%
Velocity
2 Bedrooms
8 units
0 sold8 left
0%
Velocity
Layouts & Units (253)
| Property Type | Contracts (L12M) | Size Range | Rent Range (PSF) | Avg Rent/Sqft | Avg Annual | |
|---|---|---|---|---|---|---|
Property Type Studioapartment | Contracts 519 | Size Range 37-42sqft | Rent Range 90-2,856 | Avg Rent/Sqft 873AED | Avg Annual AED 35K | |
Property Type 1bed room+Hallapartment | Contracts 270 | Size Range 62-81sqft | Rent Range 52-2,307 | Avg Rent/Sqft 682AED | Avg Annual AED 47K | |
Property Type 2 bed rooms+hallapartment | Contracts 28 | Size Range 115-115sqft | Rent Range 461-678 | Avg Rent/Sqft 533AED | Avg Annual AED 61K |
817 rental contracts grouped into 3 property types