MYKA Residence

Ready

DeveloperMYKA LUXE REAL ESTATE DEVELOPMENT L.L.C

CommunityInternational Media Production Zone

AreaMe'Aisem First

Started

4 years 7 months ago01-06-2021

Status

CompleteFinished

Project Description

Residential Building: 1B+G+6F+R

Performance Alpha

Momentum: Last 90Dvs Last 12M Baseline

Stable

-2%

Decline

Current:AED 1,279/sqft

Last 12M:AED 1,306/sqft

Momentum: Last 12Mvs Prior Year

Rising

+14%

Growth

Last 12M:AED 1,306/sqft

Prior Year:AED 1,150/sqft

Community Compare: Last 90DInternational Media Production Zone

At Market

Above Avg

Project:AED 1,279/sqft

Community:AED 1,280/sqft

Liquidity: Last 12MExit Speed

Moderate

13%Turnover

16Sold (Last 12M)

Supply & Demand Matrix

MYKA Residence averaged 13% liquidity over the last 12 months, which is considered moderate. 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

60 units

7 sold53 left

12%

Velocity

1 Bedroom

48 units

7 sold41 left

15%

Velocity

2 Bedrooms

12 units

2 sold10 left

17%

Velocity

Layouts & Units (120)

Units	Type	Beds	Size	Avg Price	Last Price	Last Sold	Sales
Units 48 units	Type Flat	Beds Studio	Size 441 sqft	Avg Price AED 487K	Last Price AED 635K	Last Sold about 2 months ago	Sales 57

Units 5 units	Type Flat	Beds 1 B/R	Size 916 sqft	Avg Price AED 1.2M	Last Price AED 1.1M	Last Sold 2 months ago	Sales 8

Units 6 units	Type Flat	Beds 1 B/R	Size 926 sqft	Avg Price AED 1.0M	Last Price AED 1.1M	Last Sold 3 months ago	Sales 6

Units 12 units	Type Flat	Beds Studio	Size 443 sqft	Avg Price AED 478K	Last Price AED 660K	Last Sold 8 months ago	Sales 16

Units 12 units	Type Flat	Beds 1 B/R	Size 956 sqft	Avg Price AED 1.1M	Last Price AED 1.2M	Last Sold 8 months ago	Sales 11

Units 119	Type Flat	Beds 2 B/R	Size 1,211 sqft	Avg Price AED 1.7M	Last Price AED 1.7M	Last Sold 8 months ago	Sales 1

Units 106	Type Flat	Beds 2 B/R	Size 1,204 sqft	Avg Price AED 1.5M	Last Price AED 1.5M	Last Sold about 1 year ago	Sales 1

Units 6 units	Type Flat	Beds 1 B/R	Size 1,169 sqft	Avg Price AED 1.4M	Last Price AED 1.2M	Last Sold about 1 year ago	Sales 6

Units 107	Type Flat	Beds 1 B/R	Size 963 sqft	Avg Price AED 1.1M	Last Price AED 1.1M	Last Sold about 1 year ago	Sales 1

Units 120	Type Flat	Beds 1 B/R	Size 928 sqft	Avg Price AED 1.0M	Last Price AED 1.1M	Last Sold about 1 year ago	Sales 2

Units 6 units	Type Flat	Beds 1 B/R	Size 892 sqft	Avg Price AED 1.0M	Last Price AED 991K	Last Sold about 1 year ago	Sales 5

Units 5 units	Type Flat	Beds 2 B/R	Size 1,175 sqft	Avg Price AED 1.7M	Last Price AED 1.5M	Last Sold over 1 year ago	Sales 4

Units 6 units	Type Flat	Beds 1 B/R	Size 893 sqft	Avg Price AED 1.1M	Last Price AED 925K	Last Sold over 1 year ago	Sales 5

Units 5 units	Type Flat	Beds 1 B/R	Size 962 sqft	Avg Price AED 1.1M	Last Price AED 1.1M	Last Sold over 1 year ago	Sales 5

Units 5 units	Type Flat	Beds 2 B/R	Size 1,166 sqft	Avg Price AED 1.7M	Last Price AED 1.5M	Last Sold over 1 year ago	Sales 4

15 unique layouts covering 120 units