NORTH FORTY THREE SERVICED RESIDENCES
HandoverCommunityJumeirah Village Circle
Started
4 years 10 months ago07-03-2021
Handover
1 year 5 months ago31-07-2024
Status
82% BuiltIn Progress
Project Description
B+G+3P+16+R, Hotel apartments.The project designed to have a concrete structure and block with internal and external finishes.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Rising+53%
GrowthCurrent:AED 1,312/sqft
Last 12M:AED 856/sqft
Momentum: Last 12Mvs Prior Year
Falling-39%
DeclineLast 12M:AED 856/sqft
Prior Year:AED 1,408/sqft
Community Compare: Last 90DJumeirah Village Circle
Premium+5%
Above AvgProject:AED 1,312/sqft
Community:AED 1,255/sqft
Liquidity: Last 12MExit Speed
Low7%Turnover
17Sold (Last 12M)
Supply & Demand Matrix
NORTH FORTY THREE SERVICED RESIDENCES averaged 7% liquidity over the last 12 months, which is considered low. 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
141 units
4 sold137 left
3%
Velocity
1 Bedroom
47 units
4 sold43 left
9%
Velocity
2 Bedrooms
20 units
3 sold17 left
15%
Velocity
3 Bedrooms
20 units
6 sold14 left
30%
Velocity
Shop
1 units
0 sold1 left
0%
Velocity
Layouts & Units (229)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Hotel ApartmentFloors 1-15 | Inventory 141units 28 layouts · Typically 1 parking 1-11 sqm balcony | Size Range 337-481sqft | Price Range AED 460K - AED 689K | Avg PSF 1,433 | Sales 141 | Trend — | |
Asset Class 3 Bed Hotel ApartmentFloors 1-15 | Inventory 20units 6 layouts · Typically 1 parking 7-63 sqm balcony | Size Range 1,266-1,854sqft | Price Range AED 750K - AED 1.9M | Avg PSF 1,021 | Sales 18 | Trend — | |
Asset Class 1 Bed Hotel ApartmentFloors 1-15 | Inventory 47units 7 layouts · Typically 1 parking 2-23 sqm balcony | Size Range 558-891sqft | Price Range AED 550K - AED 1.0M | Avg PSF 1,327 | Sales 45 | Trend — | |
Asset Class 2 Bed Hotel ApartmentFloors 1-16 | Inventory 20units 8 layouts · Typically 1 parking 1-78 sqm balcony | Size Range 777-1,837sqft | Price Range AED 650K - AED 2.3M | Avg PSF 1,207 | Sales 19 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 1,746-20,441sqft | Price Range AED 6.5M - AED 16.3M | Avg PSF 2,750 | Sales 3 | Trend — | |
Asset Class ShopPodium | Inventory 1units Typically 1 parking | Size Range 2,303-2,303sqft | Price Range — | Avg PSF — | Sales 0 | Trend — |
Grouped into 6 asset classes covering 229 units