Property Evaluation and
Feasibility Analysis Report
Reference Number: 93
Date:
16 November 2024
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
Binghatti Gems, JVC District 12, Jumeirah Village Circle (JVC)
Beds
1
Type
Apartment
Size
663 sqft
Purchase Price
740,000 AED
Yearly Service Charges
11,271 AED
Building Completion Year
2022
Renovation Costs (One-Time Costs)
7,000 AED
DLD Transfer & Broker Fees (One-Time Costs)
44,400 AED
Yearly Insurance Cost
1,480 AED
Mortgage Fees (One-Time Costs)
Depends on the bank
6,660 AED
Average Yearly Rental Income
60,000 AED
Number of (1 Bed Units)
35
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)
798,060 AED
Yearly Revenue
48,729 AED
Price Per Sqft
1,204 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
83%
Unoccupancy Rate
17%
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
20%
Owner Stay-or-Invest Rate
80%
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)
688,000 AED
Median price per sqft (AED)
920 AED
Last Transactions
2
Highest price sold
715,000 AED
Size
810 sqft
Ranking (Out of 5)
Summarizes ranking, location, and reviews for insights into property performance.
Location
3.50
Internet Reviews
3.60
General Information
Provides key details on the developer, building management, and contractors for the project.
Developer
Binghatti Developers
Building Management
NAKHEEL COMMUNITY MANAGEMENT
Engineering Consultancy
Silver Stone
Primary Contractor
Unavailable
Additional information
Emphasizing key insights while indicating any additional information required for a thorough evaluation.
One of the well-known developers
JVC is one of the top-performing areas for investment
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.