Viera Residences
HandoverCommunityInternational Media Production Zone
AreaMe'Aisem First
Started
1 year 10 months ago01-03-2024
Handover
25 days ago31-12-2025
Status
74% BuiltIn Progress
Project Description
Residential building G+1P+8+R.The project designed to have a concrete structure and block with internal and external finishes.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Stable+2%
GrowthCurrent:AED 1,385/sqft
Last 12M:AED 1,354/sqft
Momentum: Last 12Mvs Prior Year
—No sales in period
Community Compare: Last 90DInternational Media Production Zone
Premium+11%
Above AvgProject:AED 1,385/sqft
Community:AED 1,244/sqft
Liquidity: Last 12MExit Speed
High83%Turnover
119Sold (Last 12M)
Supply & Demand Matrix
Viera Residences averaged 83% liquidity over the last 12 months, which is considered high. As units are handed over, early secondary market activity is emerging. Velocity will become more meaningful as the market matures.
Type
Absorption (L12M)
Velocity
Studio
16 units
13 sold3 left
81%
Velocity
1 Bedroom
74 units
62 sold12 left
84%
Velocity
2 Bedrooms
54 units
44 sold10 left
81%
Velocity
Layouts & Units (144)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 1-8 | Inventory 16units 3 layouts · Typically 1 parking 6-12 sqm balcony | Size Range 391-457sqft | Price Range AED 562K - AED 669K | Avg PSF 1,517 | Sales 13 | Trend — | |
Asset Class 1 Bed FlatFloors 1-8 | Inventory 74units 13 layouts · Typically 1 parking 10-24 sqm balcony | Size Range 773-901sqft | Price Range AED 1.0M - AED 1.2M | Avg PSF 1,367 | Sales 62 | Trend — | |
Asset Class 2 Bed FlatFloors 1-8 | Inventory 54units 10 layouts · Typically 1 parking 10-53 sqm balcony | Size Range 951-1,772sqft | Price Range AED 1.2M - AED 2.2M | Avg PSF 1,288 | Sales 44 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 49,914-49,914sqft | Price Range AED 14.0M - AED 16.2M | Avg PSF 302 | Sales 2 | Trend — |
Grouped into 4 asset classes covering 144 units