MYKA Residence
MatureCommunityInternational Media Production Zone
AreaMe'Aisem First
Started
4 years 7 months ago01-06-2021
Status
CompleteFinished
Project Description
Residential Building: 1B+G+6F+R
Performance Alpha
Sales Performance
Market Sales: Last 90Dvs Last 12M Baseline
Falling-4%Decline
Current:AED 1,275/sqft
Last 12M:AED 1,329/sqft
Momentum: Last 12Mvs Prior Year
Rising+15%Growth
Last 12M:AED 1,329/sqft
Prior Year:AED 1,153/sqft
Community Compare: Last 90DInternational Media Production Zone
At Market+2%Above Avg
Project:AED 1,275/sqft
Community:AED 1,244/sqft
Liquidity: Last 12MExit Speed
Moderate12%Turnover
14Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 1,122/sqft
Range:AED 120 – AED 2K
Avg Unit:AED 64K/yr
Leasing Volume: L12MContracts Signed
Very Active72Total
New:48
Renew:24
Tenant RetentionRenewal Rate
Fair33%renewals
67% new tenants33% renewals
Gross YieldAnnual Return
High Yield88.0%Yield
Rent:AED 1,122/sqft
Price:AED 1,275/sqft
Supply & Demand Matrix
MYKA Residence averaged 12% 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
Studio
60 units
7 sold53 left
12%
Velocity
1 Bedroom
48 units
6 sold42 left
13%
Velocity
2 Bedrooms
12 units
1 sold11 left
8%
Velocity
Layouts & Units (120)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 1-6 | Inventory 60units 6 layouts · Typically 1 parking ~7 sqm balcony | Size Range 440-443sqft | Price Range AED 364K - AED 750K | Avg PSF 1,071 | Sales 73 | Trend — | |
Asset Class 1 Bed FlatFloors 1-6 | Inventory 48units 12 layouts · Typically 1 parking 14-23 sqm balcony | Size Range 892-1,169sqft | Price Range AED 925K - AED 1.8M | Avg PSF 1,083 | Sales 49 | Trend — | |
Asset Class 2 Bed FlatFloors 1-6 | Inventory 12units 4 layouts · Typically 1 parking 17-20 sqm balcony | Size Range 1,166-1,211sqft | Price Range AED 1.5M - AED 1.9M | Avg PSF 1,298 | Sales 10 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 47,081-47,081sqft | Price Range AED 5.5M - AED 6.0M | Avg PSF 122 | Sales 2 | Trend — |
Grouped into 4 asset classes covering 120 units