MAJESTIQUE RESIDENCE 1
MatureDeveloperCREDO INVESTMENTS F Z E
CommunityDubai South Residential District
Started
7 years 5 months ago01-08-2018
Handover
4 years ago31-12-2021
Status
CompleteFinished
Project Description
PROJECT CONSISTS OF (G+4) RESIDENTIAL BUILDING LOCATED IN MADINAT AL MATAAR. THE APARTMENTS ARE DESIGNED TO HAVE A CONCRETE STRUCTURE AND BLOCK WITH INTERNAL AND EXTERNAL FINISHES.
Performance Alpha
Sales Performance
Market Sales: Last 90Dvs Last 12M Baseline
Stable+2%Growth
Current:AED 1,194/sqft
Last 12M:AED 1,169/sqft
Momentum: Last 12Mvs Prior Year
Rising+6%Growth
Last 12M:AED 1,169/sqft
Prior Year:AED 1,106/sqft
Community Compare: Last 90DDubai South Residential District
At Market-1%Below Avg
Project:AED 1,172/sqft
Community:AED 1,180/sqft
Liquidity: Last 12MExit Speed
Moderate17%Turnover
21Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 1,033/sqft
Range:AED 722 – AED 3K
Avg Unit:AED 65K/yr
Leasing Volume: L12MContracts Signed
Very Active70Total
New:55
Renew:15
Tenant RetentionRenewal Rate
Fair21%renewals
79% new tenants21% renewals
Gross YieldAnnual Return
High Yield86.5%Yield
Rent:AED 1,033/sqft
Price:AED 1,194/sqft
Supply & Demand Matrix
MAJESTIQUE RESIDENCE 1 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
48 units
2 sold46 left
4%
Velocity
1 Bedroom
12 units
2 sold10 left
17%
Velocity
2 Bedrooms
64 units
17 sold47 left
27%
Velocity
Layouts & Units (124)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 1-4 | Inventory 48units 10 layouts · Typically 1 parking 5-8 sqm balcony | Size Range 376-498sqft | Price Range AED 427K - AED 510K | Avg PSF 1,183 | Sales 13 | Trend — | |
Asset Class 1 Bed FlatFloors 1-4 | Inventory 12units 7 layouts · Typically 1 parking 4-16 sqm balcony | Size Range 686-788sqft | Price Range AED 753K - AED 891K | Avg PSF 1,107 | Sales 3 | Trend — | |
Asset Class 2 Bed FlatFloors 1-4 | Inventory 64units 36 layouts · Typically 1 parking 6-22 sqm balcony | Size Range 883-1,095sqft | Price Range AED 970K - AED 1.2M | Avg PSF 1,082 | Sales 28 | Trend — |
Grouped into 3 asset classes covering 124 units