Iliyaa 5
HandoverDeveloperILLYAA REAL ESTATE DEVELOPMENT L.L.C
CommunityMajan
AreaWadi Al Safa 3
Started
2 years 5 months ago30-07-2023
Handover
8 months ago30-04-2025
Status
95% BuiltIn Progress
Project Description
G+2P+10+R Residential.The project designed to have a concrete structure and block with internal and external finishes.
Performance Alpha
Rent Pricing: L12MPer Sqft / Year
AED 936/sqft
Range:AED 754 – AED 1K
Avg Unit:AED 99K/yr
Leasing Volume: L12MContracts Signed
Very Active64Total
New:64
Renew:0
Tenant RetentionRenewal Rate
Low0%renewals
100% new tenants0% renewals
Avg Annual RentPer Unit
AED 99K/year
Based on 64 contracts
Supply & Demand Matrix
Iliyaa 5 averaged 0% 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
1 Bedroom
60 units
0 sold60 left
0%
Velocity
2 Bedrooms
40 units
0 sold40 left
0%
Velocity
Layouts & Units (100)
| Property Type | Contracts (L12M) | Size Range | Rent Range (PSF) | Avg Rent/Sqft | Avg Annual | |
|---|---|---|---|---|---|---|
Property Type 1bed room+Hallapartment | Contracts 27 | Size Range 77-83sqft | Rent Range 949-1,039 | Avg Rent/Sqft 1,012AED | Avg Annual AED 80K | |
Property Type 2 bed rooms+hallapartment | Contracts 37 | Size Range 121-167sqft | Rent Range 754-992 | Avg Rent/Sqft 880AED | Avg Annual AED 112K |
64 rental contracts grouped into 2 property types