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LATIFA TOWER

Mature
DeveloperR.K.M. REAL ESTATE (LLC)
Community—
AreaTrade Center First
Started
19 years 1 month ago06-12-2006
Handover
14 years 4 months ago06-09-2011
Status
CompleteFinished
Project Description

Freehold mixed use residential/commercial development located in Trade Center First. The development is designed as B+G+M+41 plus a parking building B+G+12. The building is designed to be constructed as a concrete structure with external and internal finishes. The office units will be handed over as ?core and shell? to be individually fitted by their respective owners.

Performance Alpha

Rent Pricing: L12MPer Sqft / Year
AED 963/sqft
Range:AED 8 – AED 7K
Avg Unit:AED 62K/yr
Leasing Volume: L12MContracts Signed
Very Active
1,154Total
New:768
Renew:386
Tenant RetentionRenewal Rate
Fair
33%renewals
67% new tenants33% renewals
Gross YieldAnnual Return
High Yield
40.4%Yield
Rent:AED 963/sqft
Price:AED 2,386/sqft

Supply & Demand Matrix

LATIFA TOWER averaged 2% 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
2 Bedrooms
186 units
0%
Velocity
3 Bedrooms
62 units
0%
Velocity
Shop
18 units
0%
Velocity
Office
288 units
5%
Velocity

Layouts & Units (554)

Property Type
2 bed rooms+hallapartment
Contracts
159
Size Range
110-150sqft
Rent Range
544-1,004
Avg Rent/Sqft
725AED
Avg Annual
AED 90K
Property Type
3 bed rooms+hallapartment
Contracts
50
Size Range
140-150sqft
Rent Range
612-929
Avg Rent/Sqft
804AED
Avg Annual
AED 113K
Property Type
Officeoffice
Contracts
782
Size Range
98-393sqft
Rent Range
8-5,102
Avg Rent/Sqft
1,184AED
Avg Annual
AED 58K
Property Type
Shopretail
Contracts
9
Size Range
10-362sqft
Rent Range
593-7,000
Avg Rent/Sqft
2,365AED
Avg Annual
AED 262K

1,000 rental contracts grouped into 4 property types