Client Request Review

Property Evaluation and Feasibility Analysis Report

Reference Number: 92
Date: 15 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
Glitz 3, Dubai Studio City
Beds
1
Type
Apartment
Size
779 sqft
Purchase Price
890,000 AED
Yearly Service Charges
13,243 AED
Building Completion Year
2018
Renovation Costs (One-Time Costs)
8,000 AED
DLD Transfer & Broker Fees (One-Time Costs)
53,400 AED
Yearly Insurance Cost
1,780 AED
Mortgage Fees (One-Time Costs) Depends on the bank
8,010 AED
Average Yearly Rental Income
62,000 AED
Number of (1 Bed Units)
160
Building Age
6 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)
959,410 AED
Yearly Revenue
48,757 AED
Price Per Sqft
1,232 AED
ROI (Out of 10%)
5.00%
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 Good at 5% - 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
87%
Unoccupancy Rate
13%
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)
650,000 AED
Median price per sqft (AED)
900 AED
Last Transactions
6
Highest price sold
730,000 AED
Size
779 sqft

Ranking (Out of 5)

Summarizes ranking, location, and reviews for insights into property performance.
Location
3.00
Internet Reviews
4.00

General Information

Provides key details on the developer, building management, and contractors for the project.
Developer
Danube Properties
Building Management
STRATUM
Engineering Consultancy
Unavailable
Primary Contractor
Unavailable

Additional information

Emphasizing key insights while indicating any additional information required for a thorough evaluation.
The building is managed by STRATUM, an acceptable company that maintains minimum building requirements such as cleaning, general repairs, etc.


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.