PLATINUM RESIDENCE
MatureDeveloperPLATINUM DEVELOPMENT L.L.C
CommunityJumeirah Village Circle
Started
9 years 11 months ago01-02-2016
Handover
6 years 9 months ago08-04-2019
Status
CompleteFinished
Project Description
Platinum Residence is a B+G+P+4+R located in Jumeirah Village Circle. This six storey freehold project will accommodate studios, one bedroom and two bedroom apartments. The design introduces a smart and modern way of living. Movable wooden louvres give the residents the option of a more private space as well as giving the project a continuously changing fa?ade. Scheduled to complete in November 2017, Platinum Residence presents luxury living at affordable prices.
Performance Alpha
Rent Pricing: L12MPer Sqft / Year
AED 922/sqft
Range:AED 367 – AED 2K
Avg Unit:AED 54K/yr
Leasing Volume: L12MContracts Signed
Very Active76Total
New:32
Renew:44
Tenant RetentionRenewal Rate
Good58%renewals
42% new tenants58% renewals
Gross YieldAnnual Return
High Yield36.4%Yield
Rent:AED 922/sqft
Price:AED 2,535/sqft
Supply & Demand Matrix
PLATINUM RESIDENCE 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
Studio
75 units
0 sold75 left
0%
Velocity
1 Bedroom
8 units
0 sold8 left
0%
Velocity
2 Bedrooms
13 units
0 sold13 left
0%
Velocity
Shop
3 units
0 sold3 left
0%
Velocity
Layouts & Units (99)
| Property Type | Contracts (L12M) | Size Range | Rent Range (PSF) | Avg Rent/Sqft | Avg Annual | |
|---|---|---|---|---|---|---|
Property Type Studioapartment | Contracts 399 | Size Range 39-56sqft | Rent Range 463-1,325 | Avg Rent/Sqft 769AED | Avg Annual AED 35K | |
Property Type 1bed room+Hallapartment | Contracts 48 | Size Range 65-95sqft | Rent Range 526-892 | Avg Rent/Sqft 663AED | Avg Annual AED 54K | |
Property Type 2 bed rooms+hallapartment | Contracts 77 | Size Range 82-182sqft | Rent Range 253-1,024 | Avg Rent/Sqft 561AED | Avg Annual AED 66K | |
Property Type retail | Contracts 20 | Size Range 42-138sqft | Rent Range 1,159-2,386 | Avg Rent/Sqft 1,431AED | Avg Annual AED 107K |
544 rental contracts grouped into 4 property types