MIRDIF HILLS- AL MULTAQA AVENUE
MatureDeveloperDUBAI INVESTMENT REAL ESTATE (L L C)
Community—
AreaMirdif
Started
9 years 2 months ago21-11-2016
Handover
4 years 5 months ago18-08-2021
Status
CompleteFinished
Project Description
The building consist of common (2B+G), 4 residential buildings with 4 floors, hotel and hotel apartments with 4 floors + gym. The building (A) usage have been changed from residential to offices. Adding 30 residential units ( 6 units for each building B&C), (5 units for each building D&A), (4 units for each building E&F)
Performance Alpha
Sales Performance
Market Sales: Last 90Dvs Last 12M Baseline
Rising+5%Growth
Current:AED 1,358/sqft
Last 12M:AED 1,292/sqft
Momentum: Last 12Mvs Prior Year
Rising+7%Growth
Last 12M:AED 1,292/sqft
Prior Year:AED 1,208/sqft
Community Compare: Last 90DUnknown
At Market0%Above Avg
Project:AED 1,287/sqft
Community:AED 0/sqft
Liquidity: Last 12MExit Speed
Low2%Turnover
11Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 1,137/sqft
Range:AED 40 – AED 7K
Avg Unit:AED 133K/yr
Leasing Volume: L12MContracts Signed
Active202Total
New:130
Renew:72
Tenant RetentionRenewal Rate
Fair36%renewals
64% new tenants36% renewals
Gross YieldAnnual Return
High Yield83.7%Yield
Rent:AED 1,137/sqft
Price:AED 1,358/sqft
Supply & Demand Matrix
MIRDIF HILLS- AL MULTAQA AVENUE 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
Studio
184 units
5 sold179 left
3%
Velocity
1 Bedroom
197 units
3 sold194 left
2%
Velocity
2 Bedrooms
30 units
0 sold30 left
0%
Velocity
Shop
39 units
0 sold39 left
0%
Velocity
Office
40 units
3 sold37 left
8%
Velocity
Layouts & Units (491)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 1-4 | Inventory 96units 89 layouts · Typically 1 parking 2-15 sqm balcony | Size Range 357-691sqft | Price Range AED 428K - AED 818K | Avg PSF 1,224 | Sales 22 | Trend — | |
Asset Class 1 Bed FlatFloors 1-5 | Inventory 153units 143 layouts · Typically 1 parking 5-93 sqm balcony | Size Range 460-2,010sqft | Price Range AED 829K - AED 1.5M | Avg PSF 1,268 | Sales 29 | Trend — | |
Asset Class 2 Bed FlatFloors 1-5 | Inventory 30units 30 layouts · Typically 1.1 parking 5-66 sqm balcony | Size Range 1,287-2,096sqft | Price Range AED 1.4M - AED 1.4M | Avg PSF 1,318 | Sales 1 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 32,573-32,573sqft | Price Range AED 35.8M - AED 35.8M | Avg PSF 1,100 | Sales 1 | Trend — | |
Asset Class Hotel | Inventory 1units Typically 1 parking | Size Range 210,628-210,628sqft | Price Range — | Avg PSF — | Sales 0 | Trend — | |
Asset Class Hotel ApartmentFloors 1-4 | Inventory 88units 61 layouts · Typically 1 parking 3-6 sqm balcony | Size Range 333-389sqft | Price Range — | Avg PSF — | Sales 0 | Trend — | |
Asset Class 1 Bed Hotel ApartmentFloors 1-5 | Inventory 44units 36 layouts · Typically 1 parking 8-41 sqm balcony | Size Range 629-1,125sqft | Price Range — | Avg PSF — | Sales 0 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 12,132-12,132sqft | Price Range — | Avg PSF 25,720 | Sales 0 | Trend — | |
Asset Class OfficeFloors 1-5 | Inventory 40units 32 layouts · Typically 2.5 parking 42-109 sqm balcony | Size Range 265-2,979sqft | Price Range AED 1.3M - AED 5.9M | Avg PSF 1,428 | Sales 15 | Trend — | |
Asset Class ShopPodium | Inventory 39units 38 layouts · Typically 3.5 parking 14-83 sqm balcony | Size Range 266-12,132sqft | Price Range — | Avg PSF — | Sales 0 | Trend — |
Grouped into 10 asset classes covering 491 units