SILICON AVENUE
ResaleDeveloperYORK SHIRE CORPORATION LIMITED
CommunitySilicon Oasis
AreaNadd Hessa
Started
17 years 9 months ago15-04-2008
Handover
15 years 9 months ago19-04-2010
Status
CompleteFinished
Performance Alpha
Rent Pricing: L12MPer Sqft / Year
AED 738/sqft
Range:AED 385 – AED 2K
Avg Unit:AED 57K/yr
Leasing Volume: L12MContracts Signed
Very Active78Total
New:32
Renew:46
Tenant RetentionRenewal Rate
Good59%renewals
41% new tenants59% renewals
Avg Annual RentPer Unit
AED 57K/year
Based on 78 contracts
Supply & Demand Matrix
SILICON AVENUE 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
Studio
7 units
0 sold7 left
0%
Velocity
1 Bedroom
85 units
0 sold85 left
0%
Velocity
2 Bedrooms
14 units
0 sold14 left
0%
Velocity
Layouts & Units (106)
| Property Type | Contracts (L12M) | Size Range | Rent Range (PSF) | Avg Rent/Sqft | Avg Annual | |
|---|---|---|---|---|---|---|
Property Type Studioapartment | Contracts 54 | Size Range 30-44sqft | Rent Range 477-1,512 | Avg Rent/Sqft 854AED | Avg Annual AED 35K | |
Property Type 1bed room+Hallapartment | Contracts 712 | Size Range 72-96sqft | Rent Range 170-1,250 | Avg Rent/Sqft 661AED | Avg Annual AED 49K | |
Property Type 2 bed rooms+hallapartment | Contracts 234 | Size Range 92-175sqft | Rent Range 331-3,772 | Avg Rent/Sqft 715AED | Avg Annual AED 70K |
1,000 rental contracts grouped into 3 property types