The Nook
ResaleDeveloperJAG DEVELOPMENT L.L.C
CommunityWasl Gate
AreaJabal Ali First
Started
7 years 8 months ago01-05-2018
Handover
4 years ago22-01-2022
Status
CompleteFinished
Project Description
PROJECT CONSISTS OF (B+G+2P+11+R)AND(B+G+2P+12+R) TWO RESIDENTIAL BUILDING WITH RETAIL AT GROUND FLOOR LOCATED IN JABAL ALI FIRST. THE APARTMENTS ARE DESIGNED TO HAVE A CONCRETE STRUCTURE AND BLOCK WITH INTERNAL AND EXTERNAL FINISHES.
Performance Alpha
Sales Performance
Blended: Last 90Dvs Last 12M Baseline
Stable-1%Decline
Current:AED 1,382/sqft
Last 12M:AED 1,391/sqft
Momentum: Last 12Mvs Prior Year
Rising+12%Growth
Last 12M:AED 1,391/sqft
Prior Year:AED 1,243/sqft
Community Compare: Last 90DWasl Gate
Discount-4%Below Avg
Project:AED 1,380/sqft
Community:AED 1,440/sqft
Liquidity: Last 12MExit Speed
Low8%Turnover
47Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 1,137/sqft
Range:AED 704 – AED 2K
Avg Unit:AED 75K/yr
Leasing Volume: L12MContracts Signed
Very Active395Total
New:218
Renew:177
Tenant RetentionRenewal Rate
Good45%renewals
55% new tenants45% renewals
Gross YieldAnnual Return
High Yield82.3%Yield
Rent:AED 1,137/sqft
Price:AED 1,382/sqft
Supply & Demand Matrix
The Nook averaged 8% 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
24 units
2 sold22 left
8%
Velocity
1 Bedroom
134 units
12 sold122 left
9%
Velocity
2 Bedrooms
347 units
28 sold319 left
8%
Velocity
3 Bedrooms
91 units
5 sold86 left
5%
Velocity
Shop
9 units
0 sold9 left
0%
Velocity
Layouts & Units (605)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 1-11 | Inventory 24units 6 layouts · Typically 1 parking 6-10 sqm balcony | Size Range 316-442sqft | Price Range AED 327K - AED 580K | Avg PSF 1,158 | Sales 9 | Trend — | |
Asset Class 1 Bed FlatFloors 1-12 | Inventory 134units 14 layouts · Typically 1 parking 5-10 sqm balcony | Size Range 262-578sqft | Price Range AED 260K - AED 840K | Avg PSF 1,073 | Sales 25 | Trend — | |
Asset Class 2 Bed FlatFloors 1-12 | Inventory 347units 60 layouts · Typically 1 parking 5-19 sqm balcony | Size Range 373-923sqft | Price Range AED 400K - AED 1.2M | Avg PSF 1,026 | Sales 55 | Trend — | |
Asset Class 3 Bed FlatFloors 1-12 | Inventory 91units 18 layouts · Typically 1 parking 6-8 sqm balcony | Size Range 501-1,027sqft | Price Range AED 1.1M - AED 1.6M | Avg PSF 946 | Sales 8 | Trend — | |
Asset Class ShopPodium | Inventory 9units 9 layouts · Typically 0.9 parking | Size Range 339-2,108sqft | Price Range — | Avg PSF — | Sales 0 | Trend — |
Grouped into 5 asset classes covering 605 units