Paradise View 1
MatureCommunityMajan
AreaWadi Al Safa 3
Started
9 years 1 month ago15-12-2016
Handover
7 years 2 months ago22-11-2018
Status
CompleteFinished
Project Description
Residential Building (Basement + Ground + 11 Floors + Roof)
Performance Alpha
Rent Pricing: L12MPer Sqft / Year
AED 720/sqft
Range:AED 442 – AED 1K
Avg Unit:AED 52K/yr
Leasing Volume: L12MContracts Signed
Very Active151Total
New:33
Renew:118
Tenant RetentionRenewal Rate
Excellent78%renewals
22% new tenants78% renewals
Gross YieldAnnual Return
High Yield63.3%Yield
Rent:AED 720/sqft
Price:AED 1,137/sqft
Supply & Demand Matrix
Paradise View 1 averaged 24% liquidity over the last 12 months, which is considered high. 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
68 units
24 sold44 left
35%
Velocity
1 Bedroom
99 units
15 sold84 left
15%
Velocity
2 Bedrooms
29 units
8 sold21 left
28%
Velocity
3 Bedrooms
7 units
2 sold5 left
29%
Velocity
Layouts & Units (203)
| Property Type | Contracts (L12M) | Size Range | Rent Range (PSF) | Avg Rent/Sqft | Avg Annual | |
|---|---|---|---|---|---|---|
Property Type Studioapartment | Contracts 328 | Size Range 40-49sqft | Rent Range 522-1,186 | Avg Rent/Sqft 723AED | Avg Annual AED 32K | |
Property Type 1bed room+Hallapartment | Contracts 489 | Size Range 72-84sqft | Rent Range 390-1,013 | Avg Rent/Sqft 574AED | Avg Annual AED 44K | |
Property Type 2 bed rooms+hallapartment | Contracts 142 | Size Range 105-142sqft | Rent Range 286-1,190 | Avg Rent/Sqft 550AED | Avg Annual AED 61K | |
Property Type 3 bed rooms+hallapartment | Contracts 41 | Size Range 171-189sqft | Rent Range 436-518 | Avg Rent/Sqft 457AED | Avg Annual AED 80K |
1,000 rental contracts grouped into 4 property types