ELITE II SPORTS RESIDENCE
ResaleDeveloperTRIPLANET INTERNATIONAL (FZC)
CommunityDubai Sports City
AreaAl Hebiah Fourth
Started
16 years ago30-12-2009
Handover
13 years 2 months ago21-11-2012
Status
CompleteFinished
Project Description
Freehold residential building development located in Dubai Sports City, the building is designed to have B+G+P+13 floors. The building is being constructed as a concrete structure with external and internal finishes.
Performance Alpha
Sales Performance
Blended: Last 90Dvs Last 12M Baseline
Falling-3%Decline
Current:AED 897/sqft
Last 12M:AED 924/sqft
Momentum: Last 12Mvs Prior Year
Rising+14%Growth
Last 12M:AED 924/sqft
Prior Year:AED 809/sqft
Community Compare: Last 90DDubai Sports City
Discount-41%Below Avg
Project:AED 897/sqft
Community:AED 1,519/sqft
Liquidity: Last 12MExit Speed
Moderate14%Turnover
37Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 837/sqft
Range:AED 216 – AED 1K
Avg Unit:AED 45K/yr
Leasing Volume: L12MContracts Signed
Very Active434Total
New:192
Renew:242
Tenant RetentionRenewal Rate
Good56%renewals
44% new tenants56% renewals
Gross YieldAnnual Return
High Yield93.3%Yield
Rent:AED 837/sqft
Price:AED 897/sqft
Supply & Demand Matrix
ELITE II SPORTS RESIDENCE averaged 14% 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
166 units
24 sold142 left
14%
Velocity
1 Bedroom
70 units
9 sold61 left
13%
Velocity
2 Bedrooms
24 units
4 sold20 left
17%
Velocity
Layouts & Units (260)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 1-12 | Inventory 166units 19 layouts · Typically 1 parking 5-11 sqm balcony | Size Range 200-550sqft | Price Range AED 125K - AED 769K | Avg PSF 948 | Sales 335 | Trend — | |
Asset Class 1 Bed FlatFloors 1-12 | Inventory 70units 5 layouts · Typically 1 parking 13-22 sqm balcony | Size Range 410-1,121sqft | Price Range AED 300K - AED 1.2M | Avg PSF 735 | Sales 133 | Trend — | |
Asset Class 2 Bed FlatFloors 1-12 | Inventory 24units 2 layouts · Typically 1 parking 23-24 sqm balcony | Size Range 1,237-1,533sqft | Price Range AED 500K - AED 1.4M | Avg PSF 686 | Sales 37 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 48,532-48,532sqft | Price Range — | Avg PSF 607 | Sales 0 | Trend — |
Grouped into 4 asset classes covering 260 units