Azizi Greenfield
ResaleDeveloperAZIZI DEVELOPMENTS L.L.C
CommunityMeydan Racecourse Community
Started
7 years 11 months ago01-02-2018
Handover
1 year 10 months ago08-03-2024
Status
CompleteFinished
Project Description
RESIDNETIAL / COMMERCIAL PROJECT 2B+G+6+1R LOCATED IN AL NAD AL SHIBA FIRST. 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
Rising+56%Growth
Current:AED 3,835/sqft
Last 12M:AED 2,463/sqft
Momentum: Last 12Mvs Prior Year
Rising+61%Growth
Last 12M:AED 2,463/sqft
Prior Year:AED 1,532/sqft
Community Compare: Last 90DMeydan Racecourse Community
Premium+101%Above Avg
Project:AED 3,751/sqft
Community:AED 1,867/sqft
Liquidity: Last 12MExit Speed
Low3%Turnover
3Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 1,328/sqft
Range:AED 33 – AED 3K
Avg Unit:AED 103K/yr
Leasing Volume: L12MContracts Signed
Very Active58Total
New:40
Renew:18
Tenant RetentionRenewal Rate
Fair31%renewals
69% new tenants31% renewals
Gross YieldAnnual Return
High Yield34.6%Yield
Rent:AED 1,328/sqft
Price:AED 3,835/sqft
Supply & Demand Matrix
Azizi Greenfield averaged 3% 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
1 Bedroom
29 units
0 sold29 left
0%
Velocity
2 Bedrooms
59 units
2 sold57 left
3%
Velocity
3 Bedrooms
1 units
0 sold1 left
0%
Velocity
Shop
13 units
1 sold12 left
8%
Velocity
Layouts & Units (102)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class 1 Bed FlatFloors 1-6 | Inventory 29units 11 layouts · Typically 1 parking 3-36 sqm balcony | Size Range 352-917sqft | Price Range AED 464K - AED 1.1M | Avg PSF 1,348 | Sales 3 | Trend — | |
Asset Class 2 Bed FlatFloors 1-6 | Inventory 59units 24 layouts · Typically 1 parking 5-38 sqm balcony | Size Range 648-1,353sqft | Price Range AED 1.4M - AED 1.6M | Avg PSF 1,344 | Sales 10 | Trend — | |
Asset Class 3 Bed FlatFloor 6 | Inventory 1units Typically 1 parking ~41 sqm balcony | Size Range 1,686-1,686sqft | Price Range — | Avg PSF 1,573 | Sales 0 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 36,771-36,771sqft | Price Range AED 23.0M - AED 23.0M | Avg PSF 625 | Sales 1 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 305-585sqft | Price Range — | Avg PSF 24,557 | Sales 0 | Trend — | |
Asset Class ShopPodium | Inventory 13units 12 layouts · Typically 1 parking | Size Range 179-562sqft | Price Range AED 1.2M - AED 1.2M | Avg PSF 4,869 | Sales 1 | Trend — |
Grouped into 6 asset classes covering 102 units