SUNCITY HOMES
ResaleDeveloperSUNN AND SAND DEVELOPERS
CommunityInternational City Phase 3
AreaWarsan Fourth
Started
7 years 6 months ago01-07-2018
Handover
4 years 10 months ago28-02-2021
Status
CompleteFinished
Project Description
PROJECT CONSISTS OF UG+G+P+5+R RESIDENTIAL BUILDING WITH RETAIL AT GROUND FLOOR LOCATED IN WARSAN FOURTH. THE APARTMENTS ARE DESIGNED TO HAVE A CONCRETE STRUCTURE AND BLOCK WITH INTERNAL AND EXTERNAL FINISHES.
Performance Alpha
Sales Performance
Blended: Last 90Dvs Last 12M Baseline
Falling-14%Decline
Current:AED 826/sqft
Last 12M:AED 961/sqft
Momentum: Last 12Mvs Prior Year
Rising+8%Growth
Last 12M:AED 961/sqft
Prior Year:AED 893/sqft
Community Compare: Last 90DInternational City Phase 3
Discount-21%Below Avg
Project:AED 826/sqft
Community:AED 1,049/sqft
Liquidity: Last 12MExit Speed
Low4%Turnover
3Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 788/sqft
Range:AED 691 – AED 1K
Avg Unit:AED 52K/yr
Leasing Volume: L12MContracts Signed
Very Active49Total
New:9
Renew:40
Tenant RetentionRenewal Rate
Excellent82%renewals
18% new tenants82% renewals
Gross YieldAnnual Return
High Yield95.4%Yield
Rent:AED 788/sqft
Price:AED 826/sqft
Supply & Demand Matrix
SUNCITY HOMES averaged 4% 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
1 Bedroom
29 units
0 sold29 left
0%
Velocity
2 Bedrooms
36 units
3 sold33 left
8%
Velocity
Shop
4 units
0 sold4 left
0%
Velocity
Layouts & Units (69)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class 1 Bed FlatFloors 2-6 | Inventory 29units 9 layouts · Typically 1 parking ~4 sqm balcony | Size Range 608-618sqft | Price Range AED 460K - AED 530K | Avg PSF 846 | Sales 4 | Trend — | |
Asset Class 2 Bed FlatFloors 2-6 | Inventory 36units 7 layouts · Typically 1 parking ~4 sqm balcony | Size Range 817-833sqft | Price Range AED 680K - AED 860K | Avg PSF 804 | Sales 18 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 31,566-31,566sqft | Price Range AED 5.7M - AED 5.7M | Avg PSF 179 | Sales 1 | Trend — | |
Asset Class ShopPodium | Inventory 4units 4 layouts · Typically 3 parking | Size Range 594-912sqft | Price Range — | Avg PSF 806 | Sales 0 | Trend — |
Grouped into 4 asset classes covering 69 units