SILICON INFORMATION TECHNOLOGY TOWER
MatureDeveloperSIT TOWER FZCO
CommunitySilicon Oasis
AreaNadd Hessa
Started
18 years 4 months ago22-09-2007
Handover
15 years ago30-12-2010
Status
CompleteFinished
Project Description
Freehold commercial building development located in Dubai Silicon Oasis, the building is designed to have 2B+G+25+HC floors. The building is being constructed as a concrete structure with internal and external finishes. The office units will be handed over as ?core and shell? to be individually fitted by their respective owners.
Performance Alpha
Sales Performance
Market Sales: Last 90Dvs Last 12M Baseline
Falling-8%Decline
Current:AED 1,002/sqft
Last 12M:AED 1,089/sqft
Momentum: Last 12Mvs Prior Year
Rising+344%Growth
Last 12M:AED 1,089/sqft
Prior Year:AED 245/sqft
Community Compare: Last 90DSilicon Oasis
Discount-16%Below Avg
Project:AED 1,019/sqft
Community:AED 1,208/sqft
Liquidity: Last 12MExit Speed
Low1%Turnover
2Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 917/sqft
Range:AED 93 – AED 3K
Avg Unit:AED 100K/yr
Leasing Volume: L12MContracts Signed
Very Active347Total
New:121
Renew:226
Tenant RetentionRenewal Rate
Excellent65%renewals
35% new tenants65% renewals
Gross YieldAnnual Return
High Yield91.5%Yield
Rent:AED 917/sqft
Price:AED 1,002/sqft
Supply & Demand Matrix
SILICON INFORMATION TECHNOLOGY TOWER averaged 1% 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
Shop
8 units
0 sold8 left
0%
Velocity
Office
382 units
2 sold380 left
1%
Velocity
Layouts & Units (391)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Building | Inventory 0units | Size Range 78,967-78,967sqft | Price Range — | Avg PSF 320 | Sales 0 | Trend — | |
Asset Class 49 Bed GymnasiumFloor 26 | Inventory 1units Typically 1 parking | Size Range 4,960-4,960sqft | Price Range — | Avg PSF — | Sales 0 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 1,297-1,297sqft | Price Range — | Avg PSF 3,229 | Sales 0 | Trend — | |
Asset Class OfficeFloors 1-25 | Inventory 382units 26 layouts · Typically 1 parking | Size Range 795-4,166sqft | Price Range AED 258K - AED 3.7M | Avg PSF 681 | Sales 121 | Trend — | |
Asset Class ShopPodium | Inventory 8units 8 layouts · Typically 0.9 parking | Size Range 161-1,339sqft | Price Range — | Avg PSF — | Sales 0 | Trend — |
Grouped into 5 asset classes covering 391 units