SPICA
MatureCommunityJumeirah Village Circle
Started
11 years 10 months ago01-03-2014
Handover
9 years 5 months ago02-08-2016
Status
CompleteFinished
Project Description
Freehold residential building located in Jumeirah Village First. The building is designed as B+G+4 storey and to be built out of concrete structure and block with internal and external finishes.
Performance Alpha
Sales Performance
Market Sales: Last 90Dvs Last 12M Baseline
Stable0%Growth
Current:AED 886/sqft
Last 12M:AED 886/sqft
Momentum: Last 12Mvs Prior Year
Rising+17%Growth
Last 12M:AED 886/sqft
Prior Year:AED 756/sqft
Community Compare: Last 90DJumeirah Village Circle
Discount-29%Below Avg
Project:AED 886/sqft
Community:AED 1,255/sqft
Liquidity: Last 12MExit Speed
Low5%Turnover
7Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 688/sqft
Range:AED 120 – AED 2K
Avg Unit:AED 70K/yr
Leasing Volume: L12MContracts Signed
Very Active84Total
New:36
Renew:48
Tenant RetentionRenewal Rate
Good57%renewals
43% new tenants57% renewals
Gross YieldAnnual Return
High Yield77.7%Yield
Rent:AED 688/sqft
Price:AED 886/sqft
Supply & Demand Matrix
SPICA averaged 5% 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
1 Bedroom
74 units
2 sold72 left
3%
Velocity
2 Bedrooms
50 units
5 sold45 left
10%
Velocity
Shop
6 units
0 sold6 left
0%
Velocity
Layouts & Units (130)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class 1 Bed FlatPodium + Floors 1-4 | Inventory 74units 50 layouts · Typically 1 parking 6-31 sqm balcony | Size Range 855-1,087sqft | Price Range AED 450K - AED 1.0M | Avg PSF 726 | Sales 17 | Trend — | |
Asset Class 2 Bed FlatPodium + Floors 1-4 | Inventory 50units 49 layouts · Typically 1 parking 9-77 sqm balcony | Size Range 1,276-2,190sqft | Price Range AED 715K - AED 1.4M | Avg PSF 673 | Sales 32 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 53,859-53,859sqft | Price Range AED 19.0M - AED 19.0M | Avg PSF 353 | Sales 1 | Trend — | |
Asset Class Show RoomsPodium | Inventory 6units 4 layouts · Typically 1 parking | Size Range 845-1,008sqft | Price Range AED 603K - AED 1.0M | Avg PSF 911 | Sales 6 | Trend — |
Grouped into 4 asset classes covering 130 units