Uniestate Prime Tower
MatureDeveloperUNIESTATE PROPERTIES L.L.C
CommunityJumeirah Village Circle
Started
9 years 4 months ago01-09-2016
Handover
5 years 6 months ago02-07-2020
Status
CompleteFinished
Project Description
PROJECT CONSISTS OF B+G+3P+8+2 PENTHOUSES+R RESIDENTIAL BUILDING WITH RETAIL AT GROUND FLOOR LOCATED IN AL BARSHA SOUTH FOURTH. THE APARTMENTS ARE DESIGNED TO HAVE A CONCRETE STRUCTURE AND BLOCK WITH INTERNAL AND EXTERNAL FINISHES.
Performance Alpha
Sales Performance
Market Sales: Last 90Dvs Last 12M Baseline
Rising+7%Growth
Current:AED 1,050/sqft
Last 12M:AED 985/sqft
Momentum: Last 12Mvs Prior Year
Falling-9%Decline
Last 12M:AED 985/sqft
Prior Year:AED 1,077/sqft
Community Compare: Last 90DJumeirah Village Circle
At Market0%Above Avg
Project:AED 1,251/sqft
Community:AED 1,255/sqft
Liquidity: Last 12MExit Speed
Low7%Turnover
9Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 1,009/sqft
Range:AED 4 – AED 3K
Avg Unit:AED 58K/yr
Leasing Volume: L12MContracts Signed
Very Active85Total
New:55
Renew:30
Tenant RetentionRenewal Rate
Fair35%renewals
65% new tenants35% renewals
Gross YieldAnnual Return
High Yield96.1%Yield
Rent:AED 1,009/sqft
Price:AED 1,050/sqft
Supply & Demand Matrix
Uniestate Prime Tower averaged 7% 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
72 units
6 sold66 left
8%
Velocity
1 Bedroom
56 units
3 sold53 left
5%
Velocity
2 Bedrooms
9 units
0 sold9 left
0%
Velocity
Shop
1 units
0 sold1 left
0%
Velocity
Layouts & Units (138)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 1-8 | Inventory 72units 33 layouts · Typically 1 parking 1-6 sqm balcony | Size Range 230-509sqft | Price Range AED 250K - AED 572K | Avg PSF 873 | Sales 17 | Trend — | |
Asset Class 1 Bed FlatFloors 1-9 | Inventory 56units 40 layouts · Typically 1 parking 5-108 sqm balcony | Size Range 428-2,958sqft | Price Range AED 817K - AED 1.5M | Avg PSF 776 | Sales 10 | Trend — | |
Asset Class 2 Bed FlatFloors 1-9 | Inventory 9units 7 layouts · Typically 1 parking 9-75 sqm balcony | Size Range 1,214-2,972sqft | Price Range — | Avg PSF 753 | Sales 0 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 16,227-16,227sqft | Price Range — | Avg PSF 840 | Sales 0 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 459-459sqft | Price Range — | Avg PSF 115,936 | Sales 0 | Trend — | |
Asset Class ShopPodium | Inventory 1units Typically 2 parking | Size Range 457-457sqft | Price Range — | Avg PSF 975 | Sales 0 | Trend — |
Grouped into 6 asset classes covering 138 units