Wavez Residence
ResaleDeveloperDANUBE PROPERTIES DEVELOPMENT L.L.C
CommunityLiwan1
AreaWadi Al Safa 2
Started
6 years 3 months ago30-09-2019
Handover
3 years 3 months ago30-09-2022
Status
CompleteFinished
Project Description
G+2P+10 floors commercial/residential building
Performance Alpha
Rent Pricing: L12MPer Sqft / Year
AED 1,103/sqft
Range:AED 762 – AED 2K
Avg Unit:AED 23K/yr
Leasing Volume: L12MContracts Signed
Very Active1,296Total
New:1071
Renew:225
Tenant RetentionRenewal Rate
Low17%renewals
83% new tenants17% renewals
Gross YieldAnnual Return
High Yield85.4%Yield
Rent:AED 1,103/sqft
Price:AED 1,291/sqft
Supply & Demand Matrix
Wavez Residence averaged 6% 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
338 units
19 sold319 left
6%
Velocity
1 Bedroom
76 units
5 sold71 left
7%
Velocity
Shop
20 units
0 sold20 left
0%
Velocity
Layouts & Units (434)
| Property Type | Contracts (L12M) | Size Range | Rent Range (PSF) | Avg Rent/Sqft | Avg Annual | |
|---|---|---|---|---|---|---|
Property Type Studioapartment | Contracts 206 | Size Range 37-62sqft | Rent Range 887-1,784 | Avg Rent/Sqft 1,114AED | Avg Annual AED 42K | |
Property Type 1bed room+Hallapartment | Contracts 35 | Size Range 62-62sqft | Rent Range 762-1,158 | Avg Rent/Sqft 897AED | Avg Annual AED 56K | |
Property Type Officeoffice | Contracts 753 | Size Range — | Rent Range — | Avg Rent/Sqft — | Avg Annual AED 17K | |
Property Type Shopretail | Contracts 6 | Size Range 40-90sqft | Rent Range 1,607-2,444 | Avg Rent/Sqft 1,947AED | Avg Annual AED 101K |
1,000 rental contracts grouped into 4 property types