Client Request Review

Property Evaluation and Feasibility Analysis Report

Reference Number: 120
Date: 22 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
Creek Views by Azizi (Farhad Azizi Residence), Al Jaddaf
Beds
1
Type
Apartment
Size
671 sqft
Purchase Price
1,350,000 AED
Yearly Service Charges
12,749 AED
Building Completion Year
2022
Renovation Costs (One-Time Costs)
4,000 AED
DLD Transfer & Broker Fees (One-Time Costs)
81,000 AED
Yearly Insurance Cost
2,700 AED
Mortgage Fees (One-Time Costs) Depends on the bank
15,906 AED
Average Yearly Rental Income
78,000 AED
Number of (1 Bed Units)
217
Building Age
2 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)
1,450,906 AED
Yearly Revenue
65,251 AED
Price Per Sqft
2,162 AED
ROI (Out of 10%)
4.00%
Overall Findings Acceptable Priced above the median, the property is likely to reflect current market trends. However, negotiating a lower price could enhance its investment potential, ROI is Acceptable at 4% - This return is stable, offering a conservative entry into the market, but there may be room to optimize your investment.

Occupancy Rate

Current
Key metrics for investors, showing the ratio of occupied to unoccupied units for informed decision-making.
Occupancy Rate
88%
Unoccupancy Rate
12%
Overall Findings Very Good The high occupancy indicates strong demand, positioning the property as highly desirable with promising potential to sustain and attract future tenants

Sales Rate

Current
Captures sales and owner retention rates, indicating the percentage of units held for investment or residence.
Sales Rate
8%
Owner Stay-or-Invest Rate
92%
Overall Findings Very Good A robust owners holding rate indicates a probability that many owners are happy with their investments, which may likely lead to continued investment activity

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)
1,150,000 AED
Median price per sqft (AED)
1,590 AED
Last Transactions
19
Highest price sold
1,250,000 AED
Size
691 sqft

Ranking (Out of 5)

Summarizes ranking, location, and reviews for insights into property performance.
Location
4.00
Internet Reviews
4.60

General Information

Provides key details on the developer, building management, and contractors for the project.
Developer
Azizi Developments
Building Management
V C M COMMUNITY MANAGEMENT
Engineering Consultancy
360 Degrees
Primary Contractor
Prestige Constructions

Additional information

Emphasizing key insights while indicating any additional information required for a thorough evaluation.
Al Jaddaf: A waterfront district with luxury hotels, healthcare facilities, cultural attractions, and easy metro access—only 10-15 minutes from Downtown Dubai. A growing investment hotspot with strong rental demand and rising property values


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.