S.P. RESIDENCE
MatureDeveloperS.P. INTERNATIONAL 1 LIMITED
CommunityInternational City Phase 3
AreaWarsan Fourth
Started
18 years 7 months ago17-06-2007
Handover
10 years 11 months ago15-02-2015
Status
CompleteFinished
Project Description
Freehold residential building located in Nad Al Shiba (International City Phase 3), designed to have B+G+7 floors. The building is designed to be constructed as a concrete structure with its internal and external finishes.
Performance Alpha
Rent Pricing: L12MPer Sqft / Year
AED 711/sqft
Range:AED 192 – AED 1K
Avg Unit:AED 46K/yr
Leasing Volume: L12MContracts Signed
Very Active74Total
New:20
Renew:54
Tenant RetentionRenewal Rate
Excellent73%renewals
27% new tenants73% renewals
Avg Annual RentPer Unit
AED 46K/year
Based on 74 contracts
Supply & Demand Matrix
S.P. RESIDENCE 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
36 units
0 sold36 left
0%
Velocity
1 Bedroom
24 units
0 sold24 left
0%
Velocity
2 Bedrooms
6 units
0 sold6 left
0%
Velocity
Office
5 units
0 sold5 left
0%
Velocity
Layouts & Units (71)
| Property Type | Contracts (L12M) | Size Range | Rent Range (PSF) | Avg Rent/Sqft | Avg Annual | |
|---|---|---|---|---|---|---|
Property Type Studioapartment | Contracts 326 | Size Range 38-58sqft | Rent Range 409-1,250 | Avg Rent/Sqft 720AED | Avg Annual AED 32K | |
Property Type 1bed room+Hallapartment | Contracts 242 | Size Range 78-112sqft | Rent Range 313-788 | Avg Rent/Sqft 475AED | Avg Annual AED 46K | |
Property Type 2 bed rooms+hallapartment | Contracts 60 | Size Range 136-378sqft | Rent Range 137-662 | Avg Rent/Sqft 375AED | Avg Annual AED 64K | |
Property Type Shopretail | Contracts 35 | Size Range 55-110sqft | Rent Range 477-1,327 | Avg Rent/Sqft 794AED | Avg Annual AED 67K |
663 rental contracts grouped into 4 property types