BRIGHT CORNER
MatureDeveloperFANDAH PALACE DEVELOPMENT L.L.C
CommunityMeydan Racecourse Community
Started
9 years 4 months ago01-09-2016
Handover
6 years 3 months ago29-09-2019
Status
CompleteFinished
Project Description
One Building, G+4+R1 includes 40 residential units and 3 retail shops and swimming pool and GYM with external and internal finishes
Performance Alpha
Sales Performance
Market Sales: Last 90Dvs Last 12M Baseline
Stable0%Growth
Current:AED 1,173/sqft
Last 12M:AED 1,173/sqft
Momentum: Last 12Mvs Prior Year
—No sales in period
Community Compare: Last 90DMeydan Racecourse Community
Discount-37%Below Avg
Project:AED 1,173/sqft
Community:AED 1,867/sqft
Liquidity: Last 12MExit Speed
Low2%Turnover
1Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 914/sqft
Range:AED 159 – AED 2K
Avg Unit:AED 76K/yr
Leasing Volume: L12MContracts Signed
Very Active24Total
New:19
Renew:5
Tenant RetentionRenewal Rate
Fair21%renewals
79% new tenants21% renewals
Gross YieldAnnual Return
High Yield77.9%Yield
Rent:AED 914/sqft
Price:AED 1,173/sqft
Supply & Demand Matrix
BRIGHT CORNER averaged 2% 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
18 units
1 sold17 left
6%
Velocity
2 Bedrooms
22 units
0 sold22 left
0%
Velocity
Shop
3 units
0 sold3 left
0%
Velocity
Layouts & Units (43)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class 1 Bed FlatFloors 1-3 | Inventory 18units 5 layouts · Typically 1 parking 10-17 sqm balcony | Size Range 397-909sqft | Price Range AED 465K - AED 1.0M | Avg PSF 984 | Sales 13 | Trend — | |
Asset Class 2 Bed FlatFloors 1-4 | Inventory 22units 8 layouts · Typically 1 parking 11-157 sqm balcony | Size Range 1,107-2,896sqft | Price Range AED 1.1M - AED 1.7M | Avg PSF 944 | Sales 13 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 22,500-22,500sqft | Price Range — | Avg PSF 600 | Sales 0 | Trend — | |
Asset Class ShopPodium | Inventory 3units 3 layouts · Typically 1 parking | Size Range 682-754sqft | Price Range AED 300K - AED 300K | Avg PSF 679 | Sales 2 | Trend — |
Grouped into 4 asset classes covering 43 units