Azizi Riviera 45
ResaleDeveloperAZIZI DEVELOPMENTS L.L.C
CommunityMeydan One Community
AreaAl Merkadh
Started
5 years 2 months ago23-11-2020
Handover
2 years ago18-01-2024
Status
CompleteFinished
Project Description
Residential & Retail project consists of 1 building 2B+G+8 with internal and external finishes.
Performance Alpha
Sales Performance
Blended: Last 90Dvs Last 12M Baseline
Rising+32%Growth
Current:AED 2,770/sqft
Last 12M:AED 2,103/sqft
Momentum: Last 12Mvs Prior Year
Rising+26%Growth
Last 12M:AED 2,103/sqft
Prior Year:AED 1,672/sqft
Community Compare: Last 90DMeydan One Community
Premium+31%Above Avg
Project:AED 2,770/sqft
Community:AED 2,118/sqft
Liquidity: Last 12MExit Speed
Low9%Turnover
17Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 1,708/sqft
Range:AED 217 – AED 5K
Avg Unit:AED 75K/yr
Leasing Volume: L12MContracts Signed
Very Active117Total
New:84
Renew:33
Tenant RetentionRenewal Rate
Fair28%renewals
72% new tenants28% renewals
Gross YieldAnnual Return
High Yield61.7%Yield
Rent:AED 1,708/sqft
Price:AED 2,770/sqft
Supply & Demand Matrix
Azizi Riviera 45 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
129 units
11 sold118 left
9%
Velocity
1 Bedroom
35 units
3 sold32 left
9%
Velocity
2 Bedrooms
6 units
0 sold6 left
0%
Velocity
3 Bedrooms
7 units
2 sold5 left
29%
Velocity
Shop
13 units
1 sold12 left
8%
Velocity
Layouts & Units (190)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 1-8 | Inventory 129units 29 layouts · Typically 1 parking 2-27 sqm balcony | Size Range 315-640sqft | Price Range AED 630K - AED 800K | Avg PSF 1,937 | Sales 11 | Trend — | |
Asset Class 1 Bed FlatFloors 1-8 | Inventory 35units 10 layouts · Typically 1 parking 3-97 sqm balcony | Size Range 245-1,608sqft | Price Range AED 410K - AED 1.1M | Avg PSF 1,584 | Sales 5 | Trend — | |
Asset Class 2 Bed FlatFloors 1-8 | Inventory 6units 4 layouts · Typically 1 parking 4-114 sqm balcony | Size Range 887-2,147sqft | Price Range — | Avg PSF 1,361 | Sales 0 | Trend — | |
Asset Class 3 Bed FlatFloors 2-8 | Inventory 7units Typically 1 parking ~4 sqm balcony | Size Range 1,034-1,036sqft | Price Range AED 1.9M - AED 2.2M | Avg PSF 1,746 | Sales 2 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 351-38,816sqft | Price Range AED 19.4M - AED 19.4M | Avg PSF 5,292 | Sales 1 | Trend — | |
Asset Class ShopPodium | Inventory 13units 13 layouts · Typically 0.3 parking | Size Range 314-1,909sqft | Price Range AED 6.4M - AED 6.4M | Avg PSF 4,829 | Sales 1 | Trend — |
Grouped into 6 asset classes covering 190 units