THE APRICOT
MatureDeveloperMaximus International-F.Z.C
CommunitySilicon Oasis
AreaNadd Hessa
Started
17 years 9 months ago21-04-2008
Handover
14 years 5 months ago25-08-2011
Status
CompleteFinished
Project Description
free hold commercial tower development located in Dubai Silicon Oasis, designed to be constructed as 2B+G+2P+12 formed in a concrete structure with its 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
—No recent sales
Momentum: Last 12Mvs Prior Year
Rising+16%Growth
Last 12M:AED 827/sqft
Prior Year:AED 715/sqft
Community Compare: Last 90DSilicon Oasis
Premium+13%Above Avg
Project:AED 1,366/sqft
Community:AED 1,208/sqft
Liquidity: Last 12MExit Speed
Low1%Turnover
3Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 1,095/sqft
Range:AED 50 – AED 3K
Avg Unit:AED 77K/yr
Leasing Volume: L12MContracts Signed
Very Active173Total
New:86
Renew:87
Tenant RetentionRenewal Rate
Good50%renewals
50% new tenants50% renewals
Gross YieldAnnual Return
High Yield153.1%Yield
Rent:AED 1,095/sqft
Price:AED 715/sqft
Supply & Demand Matrix
THE APRICOT 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
9 units
0 sold9 left
0%
Velocity
Office
210 units
3 sold207 left
1%
Velocity
Layouts & Units (219)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Building | Inventory 0units | Size Range 52,517-52,517sqft | Price Range — | Avg PSF 280 | Sales 0 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 286-286sqft | Price Range — | Avg PSF 69,699 | Sales 0 | Trend — | |
Asset Class OfficeFloors 1-12 | Inventory 210units 93 layouts · Typically 1.4 parking 30-160 sqm balcony | Size Range 212-3,849sqft | Price Range AED 330K - AED 2.1M | Avg PSF 701 | Sales 26 | Trend — | |
Asset Class ShopPodium | Inventory 9units 9 layouts · Typically 1.6 parking | Size Range 439-2,011sqft | Price Range AED 893K - AED 893K | Avg PSF 1,118 | Sales 1 | Trend — |
Grouped into 4 asset classes covering 219 units