THE DERBY RESIDENCE 2&3
MatureDeveloperR B A REAL ESTATE DEVELOPMENT L.L.C
CommunityMeydan Racecourse Community
Started
11 years 9 months ago21-04-2014
Handover
7 years 6 months ago01-07-2018
Status
CompleteFinished
Project Description
PROJECT CONSISTS OF G+4+R (03 Buildings) RESIDENTIAL BUILDING WITH RETAIL AT GROUND FLOOR LOCATED IN NAD AL SHIBA FIRST. THE APARTMENTS ARE DESIGNED TO HAVE A CONCRETE STRUCTURE AND BLOCK WITH INTERNAL AND EXTERNAL FINISHES.
Performance Alpha
Rent Pricing: L12MPer Sqft / Year
AED 932/sqft
Range:AED 609 – AED 2K
Avg Unit:AED 95K/yr
Leasing Volume: L12MContracts Signed
Active21Total
New:14
Renew:7
Tenant RetentionRenewal Rate
Fair33%renewals
67% new tenants33% renewals
Avg Annual RentPer Unit
AED 95K/year
Based on 21 contracts
Supply & Demand Matrix
THE DERBY RESIDENCE 2&3 averaged 0% 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
36 units
0 sold36 left
0%
Velocity
2 Bedrooms
24 units
0 sold24 left
0%
Velocity
Shop
4 units
0 sold4 left
0%
Velocity
Layouts & Units (64)
| Property Type | Contracts (L12M) | Size Range | Rent Range (PSF) | Avg Rent/Sqft | Avg Annual | |
|---|---|---|---|---|---|---|
Property Type 1bed room+Hallapartment | Contracts 41 | Size Range 97-159sqft | Rent Range 609-876 | Avg Rent/Sqft 771AED | Avg Annual AED 84K | |
Property Type 2 bed rooms+hallapartment | Contracts 33 | Size Range 112-119sqft | Rent Range 817-1,034 | Avg Rent/Sqft 913AED | Avg Annual AED 105K | |
Property Type Shopretail | Contracts 5 | Size Range 41-50sqft | Rent Range 1,429-1,844 | Avg Rent/Sqft 1,527AED | Avg Annual AED 70K |
79 rental contracts grouped into 3 property types