Dubai Wharf - Tower 1
ResaleDeveloperDUBAI WHARF L.L.C
CommunityJaddaf Waterfront
AreaAl Jadaf
Started
11 years 2 months ago30-10-2014
Handover
8 years 9 months ago30-03-2017
Status
CompleteFinished
Project Description
Residential Tower of 128 units located in Aljadaf area, shared with 3 towers in a Retail podium and 3 levels of abasement(3B+G+P+7),the tower designed of concrete structure with internal and external finishes.
Performance Alpha
Rent Pricing: L12MPer Sqft / Year
AED 676/sqft
Range:AED 266 – AED 843
Avg Unit:AED 92K/yr
Leasing Volume: L12MContracts Signed
Very Active148Total
New:12
Renew:136
Tenant RetentionRenewal Rate
Excellent92%renewals
8% new tenants92% renewals
Avg Annual RentPer Unit
AED 92K/year
Based on 148 contracts
Supply & Demand Matrix
Dubai Wharf - Tower 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
1 Bedroom
34 units
0 sold34 left
0%
Velocity
2 Bedrooms
75 units
0 sold75 left
0%
Velocity
3 Bedrooms
19 units
0 sold19 left
0%
Velocity
Layouts & Units (128)
| Property Type | Contracts (L12M) | Size Range | Rent Range (PSF) | Avg Rent/Sqft | Avg Annual | |
|---|---|---|---|---|---|---|
Property Type 1bed room+Hallapartment | Contracts 250 | Size Range 89-129sqft | Rent Range 352-1,251 | Avg Rent/Sqft 719AED | Avg Annual AED 68K | |
Property Type 2 bed rooms+hallapartment | Contracts 493 | Size Range 124-372sqft | Rent Range 106-23,896 | Avg Rent/Sqft 673AED | Avg Annual AED 95K | |
Property Type 3 bed rooms+hallapartment | Contracts 146 | Size Range 173-317sqft | Rent Range 353-799 | Avg Rent/Sqft 607AED | Avg Annual AED 118K |
889 rental contracts grouped into 3 property types