Azizi Riviera 8
ResaleDeveloperAZIZI DEVELOPMENTS L.L.C
CommunityMeydan One Community
AreaAl Merkadh
Started
8 years 1 month ago15-12-2017
Handover
2 years 7 months ago07-06-2023
Status
CompleteFinished
Project Description
Residential & Retail project consists of 1 building 2B+G+9 floors with internal and external finishes.
Performance Alpha
Sales Performance
Blended: Last 90Dvs Last 12M Baseline
Falling-10%Decline
Current:AED 1,764/sqft
Last 12M:AED 1,960/sqft
Momentum: Last 12Mvs Prior Year
Falling-8%Decline
Last 12M:AED 1,960/sqft
Prior Year:AED 2,134/sqft
Community Compare: Last 90DMeydan One Community
Premium+8%Above Avg
Project:AED 2,292/sqft
Community:AED 2,118/sqft
Liquidity: Last 12MExit Speed
Low7%Turnover
15Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 1,858/sqft
Range:AED 926 – AED 18K
Avg Unit:AED 73K/yr
Leasing Volume: L12MContracts Signed
Very Active138Total
New:84
Renew:54
Tenant RetentionRenewal Rate
Fair39%renewals
61% new tenants39% renewals
Gross YieldAnnual Return
High Yield105.3%Yield
Rent:AED 1,858/sqft
Price:AED 1,764/sqft
Supply & Demand Matrix
Azizi Riviera 8 averaged 7% 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
10 sold121 left
8%
Velocity
1 Bedroom
45 units
4 sold41 left
9%
Velocity
3 Bedrooms
17 units
0 sold17 left
0%
Velocity
Shop
23 units
1 sold22 left
4%
Velocity
Layouts & Units (216)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 1-9 | Inventory 131units 43 layouts · Typically 1 parking 2-15 sqm balcony | Size Range 309-467sqft | Price Range AED 490K - AED 717K | Avg PSF 1,518 | Sales 17 | Trend — | |
Asset Class 1 Bed FlatFloors 1-9 | Inventory 45units 19 layouts · Typically 1 parking 2-39 sqm balcony | Size Range 471-883sqft | Price Range AED 780K - AED 1.1M | Avg PSF 1,428 | Sales 7 | Trend — | |
Asset Class 3 Bed FlatFloors 1-9 | Inventory 17units 8 layouts · Typically 1 parking 8-35 sqm balcony | Size Range 1,106-1,403sqft | Price Range AED 1.6M - AED 2.0M | Avg PSF 1,327 | Sales 2 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 37,759-37,759sqft | Price Range AED 22.7M - AED 22.7M | Avg PSF 600 | Sales 1 | Trend — | |
Asset Class ShopPodium | Inventory 23units 18 layouts | Size Range 239-1,055sqft | Price Range AED 1.1M - AED 1.9M | Avg PSF 3,021 | Sales 3 | Trend — |
Grouped into 5 asset classes covering 216 units