Client Request Review

Property Evaluation and Feasibility Analysis Report

Reference Number: 105
Date: 18 November 2024

UAE Flag النسخة العربية
Full Name: ********| Mobile: ********| Email: ********| Country: United Arab Emirates| Emirate: Dubai

Project Insight

Your Deal
Includes essential details such as name, size, purchase price, service charges, and completion year, along with costs for renovations, insurance, and mortgage fees. It also highlights rental income potential and unit availability, providing a comprehensive overview for buyers and investors.
Project Name
The Voleo, Business Bay
Beds
Studio
Type
Apartment
Size
400 sqft
Purchase Price
920,000 AED
Yearly Service Charges
11,200 AED
Building Completion Year
2014
Renovation Costs (One-Time Costs)
4,000 AED
DLD Transfer & Broker Fees (One-Time Costs)
55,200 AED
Yearly Insurance Cost
1,840 AED
Mortgage Fees (One-Time Costs) Depends on the bank
8,280 AED
Average Yearly Rental Income
66,000 AED
Number of (Studio Beds Units)
78
Building Age
10 year(s)

Feasibility Index

Your Deal
Captures investment, revenue, price per sqft, and Return on Investment (ROI) for a quick profitability check.

Total Investment
(One-Time Costs)
987,480 AED
Yearly Revenue
54,800 AED
Price Per Sqft
2,469 AED
ROI (Out of 10%)
6.00%
Overall Findings Good With pricing near the median, the property aligns well with market benchmarks, making it a solid investment, ROI is Good at 6% - A solid return, indicating that this property is performing well and meeting market expectations. A reliable choice for steady growth.

Occupancy Rate

Current
Key metrics for investors, showing the ratio of occupied to unoccupied units for informed decision-making.
Occupancy Rate
76%
Unoccupancy Rate
24%
Overall Findings Good The property is performing well with stable occupancy, reflecting steady demand, and holds the possibility for further improvements

Sales Rate

Current
Captures sales and owner retention rates, indicating the percentage of units held for investment or residence.
Sales Rate
21%
Owner Stay-or-Invest Rate
79%
Overall Findings Good A moderate owners holding rate indicates a probability that many owners are satisfied with their investment strategies

Comparable Sales

Last 6 to 12 Months
Includes key metrics such as the median price and median price per square foot, providing benchmarks for assessing property value in the market. It also details recent transactions and capital appreciation, offering valuable insights into market trends and investment potential.
Median Price (AED)
860,000 AED
Median price per sqft (AED)
1,690 AED
Last Transactions
7
Highest price sold
880,000 AED
Size
357 sqft

Ranking (Out of 5)

Summarizes ranking, location, and reviews for insights into property performance.
Location
4.20
Internet Reviews
4.30

General Information

Provides key details on the developer, building management, and contractors for the project.
Developer
DAMAC properties
Building Management
LOAMS
Engineering Consultancy
Unavailable
Primary Contractor
Unavailable

Additional information

Emphasizing key insights while indicating any additional information required for a thorough evaluation.
Business offers significant growth, stability, lucrative opportunities, and long-term potential

Developed by a well-known developer with an acceptable management company, LOAMS

Disclaimer:
The information provided herein is for general informational purposes only and should not be considered as definitive or binding. All values and figures mentioned are estimates and may differ from actual values. The accuracy of these estimates is subject to various factors, including market conditions and the current status of the project. We encourage you to conduct your own research and consult with professionals to obtain accurate and up-to-date information.