PRIME RESIDENCY2
ResaleDeveloperPRESCOTT INVESTMENTS LIMITED
CommunityInternational City Phase 1
AreaAl Warsan First
Started
16 years 10 months ago10-03-2009
Handover
15 years ago26-12-2010
Status
CompleteFinished
Project Description
Freehold residential development located in Al Warsan 1st. The building is designed to be B+G+4 storey. The building is designed to be built out of concrete structure and block with internal and external finishes.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Rising+3%
GrowthCurrent:AED 699/sqft
Last 12M:AED 678/sqft
Momentum: Last 12Mvs Prior Year
Rising+10%
GrowthLast 12M:AED 678/sqft
Prior Year:AED 617/sqft
Community Compare: Last 90DInternational City Phase 1
Discount-15%
Below AvgProject:AED 699/sqft
Community:AED 820/sqft
Liquidity: Last 12MExit Speed
High21%Turnover
37Sold (Last 12M)
Supply & Demand Matrix
PRIME RESIDENCY2 averaged 21% liquidity over the last 12 months, which is considered high. 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
108 units
27 sold81 left
25%
Velocity
2 Bedrooms
56 units
7 sold49 left
13%
Velocity
Shop
10 units
3 sold7 left
30%
Velocity
Layouts & Units (174)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class 1 Bed FlatFloors 1-4 | Inventory 108units 34 layouts · Typically 1 parking 2-13 sqm balcony | Size Range 308-1,037sqft | Price Range AED 125K - AED 752K | Avg PSF 703 | Sales 226 | Trend — | |
Asset Class 2 Bed FlatFloors 1-4 | Inventory 56units 24 layouts · Typically 1 parking 3-10 sqm balcony | Size Range 467-1,302sqft | Price Range AED 289K - AED 970K | Avg PSF 692 | Sales 104 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 59,621-59,621sqft | Price Range — | Avg PSF 330 | Sales 0 | Trend — | |
Asset Class ShopPodium | Inventory 10units 10 layouts · Typically 1.6 parking | Size Range 755-2,704sqft | Price Range AED 415K - AED 2.0M | Avg PSF 657 | Sales 13 | Trend — |
Grouped into 4 asset classes covering 174 units