Belvedere
ResaleDeveloperEZZY REAL ESTATE L.L.C
CommunityInternational City Phase 1
AreaAl Warsan First
Started
10 years 11 months ago01-02-2015
Handover
3 years 3 months ago03-10-2022
Status
CompleteFinished
Project Description
PROJECT CONSISTS OF B+G+10+HC RESIDENTIAL BUILDING LOCATED IN AL WARSAN FIRST. THE APARTMENTS ARE DESIGNED TO HAVE A CONCRETE STRUCTURE AND BLOCK WITH INTERNAL AND EXTERNAL FINISHES.
Performance Alpha
Rent Pricing: L12MPer Sqft / Year
AED 689/sqft
Range:AED 529 – AED 1K
Avg Unit:AED 56K/yr
Leasing Volume: L12MContracts Signed
Very Active119Total
New:82
Renew:37
Tenant RetentionRenewal Rate
Fair31%renewals
69% new tenants31% renewals
Avg Annual RentPer Unit
AED 56K/year
Based on 119 contracts
Supply & Demand Matrix
Belvedere 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
1 Bedroom
140 units
14 sold126 left
10%
Velocity
Shop
1 units
0 sold1 left
0%
Velocity
Layouts & Units (141)
| Property Type | Contracts (L12M) | Size Range | Rent Range (PSF) | Avg Rent/Sqft | Avg Annual | |
|---|---|---|---|---|---|---|
Property Type 1bed room+Hallapartment | Contracts 376 | Size Range 62-106sqft | Rent Range 408-1,032 | Avg Rent/Sqft 587AED | Avg Annual AED 47K | |
Property Type 2 bed rooms+hallapartment | Contracts 4 | Size Range 103-106sqft | Rent Range 802-825 | Avg Rent/Sqft 816AED | Avg Annual AED 85K | |
Property Type Shopretail | Contracts 3 | Size Range 185-185sqft | Rent Range 919-1,027 | Avg Rent/Sqft 955AED | Avg Annual AED 177K |
383 rental contracts grouped into 3 property types