THE V TOWER
ResaleDeveloperTIGER PROPERTIES
CommunityDubai Land Residence Complex
AreaWadi Al Safa 5
Started
6 years ago15-01-2020
Handover
2 years 4 months ago05-09-2023
Status
CompleteFinished
Project Description
PROJECT CONSISTS OF 3B+G+17+R RESIDENTIAL 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
Falling-13%Decline
Current:AED 852/sqft
Last 12M:AED 983/sqft
Momentum: Last 12Mvs Prior Year
Rising+9%Growth
Last 12M:AED 983/sqft
Prior Year:AED 901/sqft
Community Compare: Last 90DDubai Land Residence Complex
Discount-23%Below Avg
Project:AED 1,011/sqft
Community:AED 1,315/sqft
Liquidity: Last 12MExit Speed
Moderate10%Turnover
37Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 926/sqft
Range:AED 1 – AED 2K
Avg Unit:AED 59K/yr
Leasing Volume: L12MContracts Signed
Very Active228Total
New:168
Renew:60
Tenant RetentionRenewal Rate
Fair26%renewals
74% new tenants26% renewals
Gross YieldAnnual Return
High Yield108.7%Yield
Rent:AED 926/sqft
Price:AED 852/sqft
Supply & Demand Matrix
THE V TOWER averaged 10% 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
118 units
16 sold102 left
14%
Velocity
1 Bedroom
169 units
12 sold157 left
7%
Velocity
2 Bedrooms
50 units
4 sold46 left
8%
Velocity
3 Bedrooms
32 units
5 sold27 left
16%
Velocity
Layouts & Units (369)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 1-17 | Inventory 118units 15 layouts · Typically 1 parking 7-10 sqm balcony | Size Range 404-586sqft | Price Range AED 385K - AED 590K | Avg PSF 901 | Sales 31 | Trend — | |
Asset Class 1 Bed FlatFloors 1-17 | Inventory 169units 23 layouts · Typically 1 parking 7-15 sqm balcony | Size Range 648-829sqft | Price Range AED 530K - AED 800K | Avg PSF 846 | Sales 27 | Trend — | |
Asset Class 2 Bed FlatFloors 1-17 | Inventory 50units 7 layouts · Typically 1 parking 4-32 sqm balcony | Size Range 909-1,269sqft | Price Range AED 200K - AED 1.1M | Avg PSF 827 | Sales 7 | Trend — | |
Asset Class 3 Bed FlatFloors 2-17 | Inventory 32units 4 layouts · Typically 1.1 parking 17-25 sqm balcony | Size Range 1,376-1,626sqft | Price Range AED 1.0M - AED 1.6M | Avg PSF 796 | Sales 9 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 47,808-47,808sqft | Price Range AED 9.3M - AED 9.3M | Avg PSF 195 | Sales 1 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 791-791sqft | Price Range — | Avg PSF 44,912 | Sales 0 | Trend — |
Grouped into 6 asset classes covering 369 units