CLASSIC APARTMENTS
MatureDeveloperSHEFFIELD REAL ESTAT.L .L .C
CommunityInternational City Phase 1
AreaAl Warsan First
Started
17 years 8 months ago01-05-2008
Handover
15 years 11 months ago27-01-2010
Status
CompleteFinished
Project Description
Freehold residential tower development located in Al Warsan 1st .The building is a 1B+G+10 stories. The tower is being built as a concrete structure with internal and external finishes.
Performance Alpha
Market Sales: Last 90Dvs Last 12M Baseline
Rising+5%
GrowthCurrent:AED 577/sqft
Last 12M:AED 552/sqft
Momentum: Last 12Mvs Prior Year
Rising+10%
GrowthLast 12M:AED 552/sqft
Prior Year:AED 502/sqft
Community Compare: Last 90DInternational City Phase 1
Discount-30%
Below AvgProject:AED 577/sqft
Community:AED 820/sqft
Liquidity: Last 12MExit Speed
Moderate13%Turnover
18Sold (Last 12M)
Supply & Demand Matrix
CLASSIC APARTMENTS averaged 13% 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
18 sold122 left
13%
Velocity
Shop
1 units
0 sold1 left
0%
Velocity
Layouts & Units (141)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class 1 Bed FlatFloors 1-10 | Inventory 140units 14 layouts · Typically 1 parking 4-17 sqm balcony | Size Range 332-1,359sqft | Price Range AED 238K - AED 1.1M | Avg PSF 533 | Sales 295 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 33,408-33,408sqft | Price Range — | Avg PSF 144 | Sales 0 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 877-1,359sqft | Price Range — | Avg PSF 3,756 | Sales 0 | Trend — | |
Asset Class ShopPodium | Inventory 1units Typically 1 parking | Size Range 1,086-1,086sqft | Price Range AED 380K - AED 380K | Avg PSF 427 | Sales 1 | Trend — |
Grouped into 4 asset classes covering 141 units