Raw District by Imtiaz -- Analysis
Follow up :- https://www.reddit.com/r/Dubai_Real_Estate/comments/1tat0cd/imtiaz_launches_raw_district_with_its_first/
Studio - 380 SQFT - Starting from AED 649K - PPSQFT = Around AED 1,708 PSF
1BR Executive - 610 SQFT - Starting from AED 889K - PPSQFT = Around AED 1458 PSF
1BR Standard - 720 SQFT - Starting from AED 1.06M - PPSQFT = Around AED 1484 PSF
2BR - 1054 SQFT - Starting from AED 1.48M - PPSQFT = Around AED 1412 PSF
Current Average PPSQFT of Downtown Jebel Ali = AED 1000–1400 PSF - depending on project and location
Can be reason for higher then avg ppsqft then area:
- Imtiaz Brand Name
- Direct Metro connectivity
- Sheikh Zayed Road frontage
- Limited residential inventory nearby
- Mixed-use concept
- Office + retail + residential ecosystem
Rents in Area Avg :
- Studio - AED 45-60k (depending on furnished or not)
- 1 BR - AED 65-90k
Approx. Rents Expected from Raw by Imtiaz (due to Imtiaz brand name):
- Studio - AED 55-70k
- 1 BR - AED 80-100k
Considering 60/40 payment -
Assuming Studio = AED 649k - 40% on PH = 260K == PH of 3 years = 7-7.5k installment = Rent expected = 45-60k = 4.5-5.5k AED monthly so total 60-80% paid through rent
Assuming 1BR Executive = AED 889k - 40% on PH = 355K == PH of 3 years = 9.5-9.8k installment = Rent expected = 80-100k = 7-8.7k AED monthly so total 70-85% paid through rent
My Analysis - 1BR Executive is overall balanced for Rental + Capital Appreciation.
- Project is not for short term flip
- Better chance of capital appreciation , if purchase early (if can get DLD waiver n some discount if booked in launch phase).
- More Developers will enter the market
- Palm Jebel Ali + Expo + Airport corridor
- Purchase for keeping in long term view
