Full Park View · Maids Room · Tenanted
Mirdif· Verified Network· Ref RS-L-8423785
Listing data verified in the last few hours
A three‑bedroom Mirdif apartment priced 32% below market delivers a strong gross yield of ~9.4% but sits on a long 389‑day market exposure, suggesting negotiation leverage but potential liquidity concerns.
AI Investor Narrative
Why this listing scores the way it does
The property offers 1,960 sqft at AED 1,327 per sqft, which is roughly 32% under the implied district median of about AED 1,951 per sqft. This pricing gap drives the internal overall score of 81 and underpins a gross yield estimate of 9.4%, well above typical Dubai residential yields of 5‑6%. The internal location score of 65 reflects Mirdif’s mature, family‑friendly profile, which supports stable occupancy but limits upside from rapid area appreciation. The listing has been on the market for 389 days, indicating limited buyer interest and raising liquidity risk, yet the price discount provides a clear negotiation lever. Investors should treat the 9.4% figure as gross. After accounting for service charges, vacancy and management fees—typically eroding 1‑2 percentage points—the net yield is likely in the 7.5‑8.5% band, still attractive for a ready‑to‑rent asset. The internal risk index of 29 signals a relatively low systemic risk, but the extended days‑on‑market and the unknown developer credit profile of Driven Properties warrant a cautious approach. No macro‑tailwinds or growth‑corridor dynamics are evident, so upside will rely mainly on price appreciation and rental stability.
Deal signals
- underpriced80/100
Price per sqft AED 1,327 is 32% below the implied district median of ~AED 1,951.
- high yield75/100
Internal estimated gross yield is 9.4%, well above market averages.
Risk flags
- liquiditymedium
389 days on market suggests limited buyer interest.
- developer creditlow
Developer Driven Properties has no known credit issues in the data.
Comparables
Negotiation playbook
Given the 32% price‑per‑sqft discount to the district median and the 389‑day market exposure, the buyer should anchor the offer around AED 1,200‑1,250 per sqft (≈10‑15% below the listed AED 1,327) and request a price reduction commensurate with the long listing period. Verify the transaction details against the Dubai Land Department register before finalising any agreement.
Seller-intent signals
Signal strength: 63/100 · 1 indicator
Verdict
Yield forecast
3-year appreciation
Market pulse · Mirdif
Sentiment +0 · stable
With no recent transaction data, the outlook for Mirdif remains uncertain. Market activity is expected to stay modest, with price movements likely to be muted unless broader macro‑economic factors shift.
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SELECTED PROPERTY
Full Park View · Maids Room · Tenanted
Intel Score: 81/100
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