AURA by Grovy
ResaleCommunityJumeirah Village Circle
Started
3 years 8 months ago17-05-2022
Handover
1 year 5 months ago11-08-2024
Status
CompleteFinished
Project Description
B+G+3P+15+R Residential+Retail,The project designed to have a concrete structure and block with internal and external finishes.
Performance Alpha
Sales Performance
Blended: Last 90Dvs Last 12M Baseline
Falling-3%Decline
Current:AED 1,607/sqft
Last 12M:AED 1,660/sqft
Momentum: Last 12Mvs Prior Year
—No sales in period
Community Compare: Last 90DJumeirah Village Circle
Premium+25%Above Avg
Project:AED 1,563/sqft
Community:AED 1,255/sqft
Liquidity: Last 12MExit Speed
Low7%Turnover
10Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 1,214/sqft
Range:AED 966 – AED 2K
Avg Unit:AED 88K/yr
Leasing Volume: L12MContracts Signed
Very Active91Total
New:91
Renew:0
Tenant RetentionRenewal Rate
Low0%renewals
100% new tenants0% renewals
Gross YieldAnnual Return
High Yield75.5%Yield
Rent:AED 1,214/sqft
Price:AED 1,607/sqft
Supply & Demand Matrix
AURA by Grovy averaged 7% 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
21 units
4 sold17 left
19%
Velocity
1 Bedroom
86 units
4 sold82 left
5%
Velocity
2 Bedrooms
39 units
2 sold37 left
5%
Velocity
3 Bedrooms
2 units
0 sold2 left
0%
Velocity
Layouts & Units (151)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 1-4 | Inventory 21units 16 layouts · Typically 1 parking 4-7 sqm balcony | Size Range 320-467sqft | Price Range AED 665K - AED 680K | Avg PSF 1,372 | Sales 4 | Trend — | |
Asset Class 1 Bed FlatFloors 1-14 | Inventory 86units 18 layouts · Typically 1 parking 5-18 sqm balcony | Size Range 350-961sqft | Price Range AED 970K - AED 1.2M | Avg PSF 1,125 | Sales 4 | Trend — | |
Asset Class 2 Bed FlatFloors 2-14 | Inventory 39units 6 layouts · Typically 1.2 parking 5-12 sqm balcony | Size Range 1,018-1,279sqft | Price Range AED 1.5M - AED 2.0M | Avg PSF 1,113 | Sales 2 | Trend — | |
Asset Class 3 Bed FlatFloor 15 | Inventory 2units 2 layouts · Typically 2 parking 65-86 sqm balcony | Size Range 2,376-2,623sqft | Price Range — | Avg PSF 1,500 | Sales 0 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 21,022-21,022sqft | Price Range AED 1.8M - AED 5.0M | Avg PSF 382 | Sales 2 | Trend — | |
Asset Class Show RoomsPodium | Inventory 3units 3 layouts · Typically 3 parking | Size Range 1,977-2,122sqft | Price Range — | Avg PSF 2,724 | Sales 0 | Trend — |
Grouped into 6 asset classes covering 151 units