AURORA RESIDENCE 1
MatureDeveloperشركة نخيل (ش.م.خ)
CommunityInternational City Phase 3
AreaWarsan Fourth
Started
16 years 9 months ago01-04-2009
Handover
12 years 9 months ago26-03-2013
Status
CompleteFinished
Project Description
Freehold residential development located at NAD AL SHIBA. The building is designed as 1B+G+4. The building is designed to be constructed as a concrete structure with external and internal finishes.
Performance Alpha
Rent Pricing: L12MPer Sqft / Year
AED 546/sqft
Range:AED 305 – AED 974
Avg Unit:AED 45K/yr
Leasing Volume: L12MContracts Signed
Active40Total
New:8
Renew:32
Tenant RetentionRenewal Rate
Excellent80%renewals
20% new tenants80% renewals
Avg Annual RentPer Unit
AED 45K/year
Based on 40 contracts
Supply & Demand Matrix
AURORA RESIDENCE 1 averaged 0% liquidity over the last 12 months, which is considered low. 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
11 units
0 sold11 left
0%
Velocity
1 Bedroom
51 units
0 sold51 left
0%
Velocity
2 Bedrooms
32 units
0 sold32 left
0%
Velocity
4 Bedrooms
1 units
0 sold1 left
0%
Velocity
Layouts & Units (95)
| Property Type | Contracts (L12M) | Size Range | Rent Range (PSF) | Avg Rent/Sqft | Avg Annual | |
|---|---|---|---|---|---|---|
Property Type Studioapartment | Contracts 45 | Size Range 36-49sqft | Rent Range 408-974 | Avg Rent/Sqft 643AED | Avg Annual AED 25K | |
Property Type 1bed room+Hallapartment | Contracts 150 | Size Range 70-113sqft | Rent Range 297-649 | Avg Rent/Sqft 458AED | Avg Annual AED 36K | |
Property Type 2 bed rooms+hallapartment | Contracts 115 | Size Range 91-193sqft | Rent Range 207-729 | Avg Rent/Sqft 465AED | Avg Annual AED 49K | |
Property Type 4 bed rooms+hallapartment | Contracts 6 | Size Range 348-348sqft | Rent Range 244-302 | Avg Rent/Sqft 265AED | Avg Annual AED 92K | |
Property Type other | Contracts 2 | Size Range 57,000-57,000sqft | Rent Range 45-49 | Avg Rent/Sqft 47AED | Avg Annual AED 2.7M |
318 rental contracts grouped into 5 property types