NOORA RESIDENCE 1
MatureCommunityJumeirah Village Circle
Started
15 years 7 months ago01-06-2010
Handover
11 years 5 months ago21-08-2014
Status
CompleteFinished
Project Description
Freehold residential development located at Jumeirah Village First. The building is designed to be constructed as 2B+G+4 out of concrete structure with external and internal finishes.
Performance Alpha
Market Sales: Last 90Dvs Last 12M Baseline
Falling-17%
DeclineCurrent:AED 809/sqft
Last 12M:AED 974/sqft
Momentum: Last 12Mvs Prior Year
Rising+6%
GrowthLast 12M:AED 974/sqft
Prior Year:AED 916/sqft
Community Compare: Last 90DJumeirah Village Circle
Discount-36%
Below AvgProject:AED 809/sqft
Community:AED 1,255/sqft
Liquidity: Last 12MExit Speed
Moderate10%Turnover
10Sold (Last 12M)
Supply & Demand Matrix
NOORA RESIDENCE 1 averaged 10% 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
54 units
7 sold47 left
13%
Velocity
1 Bedroom
31 units
0 sold31 left
0%
Velocity
2 Bedrooms
13 units
3 sold10 left
23%
Velocity
Shop
3 units
0 sold3 left
0%
Velocity
Layouts & Units (101)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatPodium + Floors 1-4 | Inventory 54units 33 layouts · Typically 1 parking 4-20 sqm balcony | Size Range 317-552sqft | Price Range AED 230K - AED 532K | Avg PSF 984 | Sales 100 | Trend — | |
Asset Class 1 Bed FlatPodium + Floors 1-4 | Inventory 31units 19 layouts · Typically 1 parking 12-114 sqm balcony | Size Range 696-1,905sqft | Price Range AED 155K - AED 1.0M | Avg PSF 560 | Sales 57 | Trend — | |
Asset Class 2 Bed FlatPodium + Floors 1-4 | Inventory 13units 12 layouts · Typically 1 parking 24-240 sqm balcony | Size Range 1,185-3,673sqft | Price Range AED 500K - AED 2.6M | Avg PSF 597 | Sales 24 | Trend — | |
Asset Class ShopPodium | Inventory 3units 3 layouts · Typically 1 parking | Size Range 667-693sqft | Price Range AED 1.4M - AED 1.4M | Avg PSF 2,034 | Sales 3 | Trend — | |
Asset Class Villa | Inventory 0units | Size Range 23,691-23,691sqft | Price Range — | Avg PSF 379 | Sales 0 | Trend — |
Grouped into 5 asset classes covering 101 units