Azizi Riviera 24
ResaleDeveloperAZIZI DEVELOPMENTS L.L.C
CommunityMeydan One Community
AreaAl Merkadh
Started
7 years 1 month ago12-12-2018
Handover
2 years 9 months ago30-03-2023
Status
CompleteFinished
Project Description
1 Building, Commercial+Residential 2B+G+9+R with internal and external finishes.
Performance Alpha
Sales Performance
Blended: Last 90Dvs Last 12M Baseline
Falling-17%Decline
Current:AED 1,764/sqft
Last 12M:AED 2,114/sqft
Momentum: Last 12Mvs Prior Year
Rising+16%Growth
Last 12M:AED 2,114/sqft
Prior Year:AED 1,819/sqft
Community Compare: Last 90DMeydan One Community
Discount-17%Below Avg
Project:AED 1,764/sqft
Community:AED 2,118/sqft
Liquidity: Last 12MExit Speed
Low9%Turnover
19Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 1,912/sqft
Range:AED 86 – AED 6K
Avg Unit:AED 76K/yr
Leasing Volume: L12MContracts Signed
Very Active129Total
New:107
Renew:22
Tenant RetentionRenewal Rate
Low17%renewals
83% new tenants17% renewals
Gross YieldAnnual Return
High Yield108.4%Yield
Rent:AED 1,912/sqft
Price:AED 1,764/sqft
Supply & Demand Matrix
Azizi Riviera 24 averaged 9% 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
131 units
13 sold118 left
10%
Velocity
1 Bedroom
45 units
4 sold41 left
9%
Velocity
3 Bedrooms
17 units
1 sold16 left
6%
Velocity
Shop
18 units
1 sold17 left
6%
Velocity
Layouts & Units (211)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 1-9 | Inventory 131units 39 layouts · Typically 1 parking 2-15 sqm balcony | Size Range 311-469sqft | Price Range AED 526K - AED 1.3M | Avg PSF 1,534 | Sales 17 | Trend — | |
Asset Class 1 Bed FlatFloors 1-9 | Inventory 45units 15 layouts · Typically 1 parking 2-39 sqm balcony | Size Range 471-880sqft | Price Range AED 990K - AED 1.1M | Avg PSF 1,423 | Sales 5 | Trend — | |
Asset Class 3 Bed FlatFloors 1-9 | Inventory 17units 8 layouts · Typically 1 parking 8-34 sqm balcony | Size Range 557-1,403sqft | Price Range AED 1.5M - AED 2.1M | Avg PSF 1,324 | Sales 2 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 37,697-37,697sqft | Price Range AED 22.6M - AED 22.6M | Avg PSF 600 | Sales 1 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 880-880sqft | Price Range — | Avg PSF 3,044 | Sales 0 | Trend — | |
Asset Class ShopPodium | Inventory 18units 16 layouts · Typically 0.1 parking | Size Range 248-2,318sqft | Price Range AED 1.9M - AED 1.9M | Avg PSF 3,501 | Sales 1 | Trend — |
Grouped into 6 asset classes covering 211 units