Azizi Riviera 59
ResaleDeveloperAZIZI DEVELOPMENTS L.L.C
CommunityMeydan One Community
AreaAl Merkadh
Started
2 years 8 months ago04-05-2023
Handover
11 months ago14-02-2025
Status
CompleteFinished
Project Description
2B+G+7+1R Residential.The project designed to have a concrete structure and block with internal and external finishes.
Performance Alpha
Sales Performance
Blended: Last 90Dvs Last 12M Baseline
Falling-17%Decline
Current:AED 2,255/sqft
Last 12M:AED 2,719/sqft
Momentum: Last 12Mvs Prior Year
—No sales in period
Community Compare: Last 90DMeydan One Community
Premium+7%Above Avg
Project:AED 2,274/sqft
Community:AED 2,118/sqft
Liquidity: Last 12MExit Speed
Low5%Turnover
6Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 1,499/sqft
Range:AED 225 – AED 4K
Avg Unit:AED 66K/yr
Leasing Volume: L12MContracts Signed
Very Active85Total
New:85
Renew:0
Tenant RetentionRenewal Rate
Low0%renewals
100% new tenants0% renewals
Gross YieldAnnual Return
High Yield66.5%Yield
Rent:AED 1,499/sqft
Price:AED 2,255/sqft
Supply & Demand Matrix
Azizi Riviera 59 averaged 5% 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
65 units
4 sold61 left
6%
Velocity
1 Bedroom
44 units
1 sold43 left
2%
Velocity
2 Bedrooms
7 units
0 sold7 left
0%
Velocity
Shop
7 units
1 sold6 left
14%
Velocity
Layouts & Units (123)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 1-7 | Inventory 65units 28 layouts · Typically 1 parking 7-12 sqm balcony | Size Range 332-407sqft | Price Range AED 650K - AED 880K | Avg PSF 2,438 | Sales 4 | Trend — | |
Asset Class 1 Bed FlatFloors 1-7 | Inventory 44units 20 layouts · Typically 1 parking 7-19 sqm balcony | Size Range 524-662sqft | Price Range AED 1.4M - AED 1.4M | Avg PSF 2,302 | Sales 1 | Trend — | |
Asset Class 2 Bed FlatFloors 1-7 | Inventory 7units 3 layouts · Typically 1 parking 15-28 sqm balcony | Size Range 741-919sqft | Price Range — | Avg PSF 2,226 | Sales 0 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 29,741-29,741sqft | Price Range AED 14.9M - AED 14.9M | Avg PSF 500 | Sales 1 | Trend — | |
Asset Class ShopPodium | Inventory 7units 7 layouts · Typically 1 parking | Size Range 546-1,052sqft | Price Range AED 5.5M - AED 5.5M | Avg PSF 6,373 | Sales 1 | Trend — |
Grouped into 5 asset classes covering 123 units