Azizi Riviera 3
ResaleDeveloperAZIZI DEVELOPMENTS L.L.C
CommunityMeydan One Community
AreaAl Merkadh
Started
8 years 3 months ago01-10-2017
Handover
1 year 8 months ago16-05-2024
Status
CompleteFinished
Project Description
PROJECT CONSISTS OF 2B+G+9+R RESIDENTIAL BUILDING WITH RETAIL AT GROUND FLOOR LOCATED IN AL MERKADH. THE APARTMENTS ARE DESIGNED TO HAVE A CONCRETE STRUCTURE AND BLOCK WITH INTERNAL AND EXTERNAL FINISHES.
Performance Alpha
Sales Performance
Blended: Last 90Dvs Last 12M Baseline
Falling-16%Decline
Current:AED 1,747/sqft
Last 12M:AED 2,079/sqft
Momentum: Last 12Mvs Prior Year
Rising+15%Growth
Last 12M:AED 2,079/sqft
Prior Year:AED 1,812/sqft
Community Compare: Last 90DMeydan One Community
Discount-13%Below Avg
Project:AED 1,844/sqft
Community:AED 2,118/sqft
Liquidity: Last 12MExit Speed
Low6%Turnover
17Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 1,568/sqft
Range:AED 905 – AED 5K
Avg Unit:AED 79K/yr
Leasing Volume: L12MContracts Signed
Very Active186Total
New:141
Renew:45
Tenant RetentionRenewal Rate
Fair24%renewals
76% new tenants24% renewals
Gross YieldAnnual Return
High Yield89.8%Yield
Rent:AED 1,568/sqft
Price:AED 1,747/sqft
Supply & Demand Matrix
Azizi Riviera 3 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
194 units
11 sold183 left
6%
Velocity
1 Bedroom
79 units
5 sold74 left
6%
Velocity
Shop
28 units
1 sold27 left
4%
Velocity
Layouts & Units (301)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 1-9 | Inventory 194units 62 layouts · Typically 1 parking 3-11 sqm balcony | Size Range 199-473sqft | Price Range AED 301K - AED 1.1M | Avg PSF 1,519 | Sales 18 | Trend — | |
Asset Class 1 Bed FlatFloors 1-9 | Inventory 79units 61 layouts · Typically 1 parking 7-40 sqm balcony | Size Range 335-1,062sqft | Price Range AED 1.2M - AED 2.0M | Avg PSF 1,304 | Sales 7 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 50,243-50,243sqft | Price Range AED 33.2M - AED 33.2M | Avg PSF 660 | Sales 1 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 405-405sqft | Price Range — | Avg PSF 18,027 | Sales 0 | Trend — | |
Asset Class ShopPodium | Inventory 28units 23 layouts · Typically 0.4 parking | Size Range 301-2,219sqft | Price Range AED 1.7M - AED 1.7M | Avg PSF 2,985 | Sales 1 | Trend — |
Grouped into 5 asset classes covering 301 units