Binghatti Azure
ResaleDeveloperBinghatti Developers FZE
CommunityJumeirah Village Circle
Started
2 years 1 month ago15-12-2023
Handover
1 year ago31-12-2024
Status
CompleteFinished
Project Description
B+ G+ 4P+ 2 Offices +18 Floors +Roof.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
Rising+4%Growth
Current:AED 1,657/sqft
Last 12M:AED 1,589/sqft
Momentum: Last 12Mvs Prior Year
—No sales in period
Community Compare: Last 90DJumeirah Village Circle
Premium+31%Above Avg
Project:AED 1,646/sqft
Community:AED 1,255/sqft
Liquidity: Last 12MExit Speed
Moderate17%Turnover
113Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 1,461/sqft
Range:AED 12 – AED 11K
Avg Unit:AED 81K/yr
Leasing Volume: L12MContracts Signed
Very Active419Total
New:419
Renew:0
Tenant RetentionRenewal Rate
Low0%renewals
100% new tenants0% renewals
Gross YieldAnnual Return
High Yield88.2%Yield
Rent:AED 1,461/sqft
Price:AED 1,657/sqft
Supply & Demand Matrix
Binghatti Azure averaged 17% 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
343 units
55 sold288 left
16%
Velocity
1 Bedroom
179 units
35 sold144 left
20%
Velocity
2 Bedrooms
62 units
11 sold51 left
18%
Velocity
Shop
11 units
0 sold11 left
0%
Velocity
Office
55 units
12 sold43 left
22%
Velocity
Layouts & Units (650)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 3-20 | Inventory 343units 61 layouts · Typically 1 parking 5-17 sqm balcony | Size Range 338-610sqft | Price Range AED 440K - AED 760K | Avg PSF 1,577 | Sales 55 | Trend — | |
Asset Class 1 Bed FlatFloors 3-20 | Inventory 179units 35 layouts · Typically 1 parking 10-80 sqm balcony | Size Range 140-1,583sqft | Price Range AED 200K - AED 1.2M | Avg PSF 1,144 | Sales 35 | Trend — | |
Asset Class 2 Bed FlatFloors 3-15 | Inventory 62units 21 layouts · Typically 1.1 parking 25-89 sqm balcony | Size Range 1,104-1,887sqft | Price Range AED 1.5M - AED 1.9M | Avg PSF 1,029 | Sales 11 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 50,181-50,181sqft | Price Range AED 49.0M - AED 49.0M | Avg PSF 949 | Sales 1 | Trend — | |
Asset Class OfficeFloors 1-2 | Inventory 55units 50 layouts · Typically 1.3 parking 11-61 sqm balcony | Size Range 496-1,611sqft | Price Range AED 960K - AED 1.8M | Avg PSF 1,125 | Sales 12 | Trend — | |
Asset Class ShopPodium | Inventory 11units 11 layouts · Typically 1.8 parking | Size Range 841-2,462sqft | Price Range — | Avg PSF 2,006 | Sales 0 | Trend — |
Grouped into 6 asset classes covering 650 units