ARAS HEIGHTS
HandoverCommunityMajan
AreaWadi Al Safa 3
Started
3 years 9 months ago05-04-2022
Handover
2 years ago31-12-2023
Status
91% BuiltIn Progress
Project Description
2B+G+9Floor+R Residential, The project designed to have a concrete structure and block with internal and external finishes.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Stable+2%
GrowthCurrent:AED 1,259/sqft
Last 12M:AED 1,233/sqft
Momentum: Last 12Mvs Prior Year
Rising+17%
GrowthLast 12M:AED 1,233/sqft
Prior Year:AED 1,053/sqft
Community Compare: Last 90DMajan
Discount-23%
Below AvgProject:AED 1,259/sqft
Community:AED 1,639/sqft
Liquidity: Last 12MExit Speed
Low5%Turnover
4Sold (Last 12M)
Supply & Demand Matrix
ARAS HEIGHTS averaged 5% 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
16 units
2 sold14 left
13%
Velocity
1 Bedroom
16 units
1 sold15 left
6%
Velocity
2 Bedrooms
40 units
1 sold39 left
3%
Velocity
3 Bedrooms
1 units
0 sold1 left
0%
Velocity
Layouts & Units (73)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 1-8 | Inventory 16units 2 layouts · Typically 0.9 parking 4-9 sqm balcony | Size Range 424-506sqft | Price Range AED 490K - AED 715K | Avg PSF 1,336 | Sales 15 | Trend — | |
Asset Class 1 Bed FlatFloors 1-8 | Inventory 16units 2 layouts · Typically 1 parking 15-22 sqm balcony | Size Range 832-988sqft | Price Range AED 770K - AED 1.0M | Avg PSF 1,025 | Sales 14 | Trend — | |
Asset Class 2 Bed FlatFloors 1-8 | Inventory 40units 5 layouts · Typically 1 parking 19-41 sqm balcony | Size Range 1,223-1,480sqft | Price Range AED 1.1M - AED 1.4M | Avg PSF 983 | Sales 40 | Trend — | |
Asset Class 3 Bed FlatFloor 9 | Inventory 1units Typically 1 parking ~67 sqm balcony | Size Range 2,290-2,290sqft | Price Range AED 1.8M - AED 1.8M | Avg PSF 786 | Sales 1 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 18,329-18,329sqft | Price Range AED 3.9M - AED 3.9M | Avg PSF 215 | Sales 1 | Trend — |
Grouped into 5 asset classes covering 73 units