AXIS RESIDENCES 7
MatureDeveloperGULF GENERAL INVESTMENTS CO. (P.S.C)
CommunitySilicon Oasis
AreaNadd Hessa
Started
18 years ago08-01-2008
Handover
16 years 2 months ago01-11-2009
Status
CompleteFinished
Performance Alpha
Rent Pricing: L12MPer Sqft / Year
AED 738/sqft
Range:AED 575 – AED 1K
Avg Unit:AED 57K/yr
Leasing Volume: L12MContracts Signed
Very Active68Total
New:34
Renew:34
Tenant RetentionRenewal Rate
Good50%renewals
50% new tenants50% renewals
Avg Annual RentPer Unit
AED 57K/year
Based on 68 contracts
Supply & Demand Matrix
AXIS RESIDENCES 7 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
98 units
0 sold98 left
0%
Velocity
2 Bedrooms
24 units
0 sold24 left
0%
Velocity
Layouts & Units (122)
| Property Type | Contracts (L12M) | Size Range | Rent Range (PSF) | Avg Rent/Sqft | Avg Annual | |
|---|---|---|---|---|---|---|
Property Type 1bed room+Hallapartment | Contracts 588 | Size Range 63-75sqft | Rent Range 360-6,575 | Avg Rent/Sqft 611AED | Avg Annual AED 43K | |
Property Type 2 bed rooms+hallapartment | Contracts 164 | Size Range 99-111sqft | Rent Range 387-758 | Avg Rent/Sqft 571AED | Avg Annual AED 60K |
752 rental contracts grouped into 2 property types