Key Metrics
Median Price
- Value
- AED 14,450,000
- Change
- 57.1% YoY
Transactions
- Value
- 198
- Change
- 6 in period
Price / sqft
- Value
- AED 2,501
Handover Status
- Value
- P1
- Change
- Delivered — ready sale recorded
Median Price
AED 14,450,000
↑ 57.1% YoY
Transactions
198
↑ 6 in period
Price / sqft
AED 2,501
Handover
P1
Delivered
Investment Analytics
Capital Return
- Value
- 11.3%
Holding Period
- Value
- 6.5 yrs
Liquidity
- Value
- 6.0%
Ready Market Mix
- Value
- 0.0%
Rental Activity
- Value
- 27.0%
Capital Return
11.3%
Holding Period
6.5 yrs
Liquidity
6.0%
Ready Market Mix
0.0%
Rental Activity
27.0%
Rental Performance
Rental Volume
- Value
- 510
Avg Annual Rent
- Value
- AED 344,520
New Leases
- Value
- 54.5%
Renewals
- Value
- 45.5%
Rental Volume
510
Avg Annual Rent
AED 344,520
New Leases
54.5%
Renewals
45.5%
Unit Mix
By bedroom typeTransaction Breakdown
All time — 198 transactionsReady Primary
99
50%
Ready Secondary
99
50%
Price History
Median Price — Novelia
Median prices in Novelia have declined significantly, down 39% to AED 14.6M over the past 6 months.
Recent Transactions
Showing last 10 of 198| Date | Type | Price (AED) | AED/sqft | |
|---|---|---|---|---|
| Feb 10, 2026 | RP Secondary | 14,600,000 | 5,832 | 2,503 |
| Jan 14, 2026 | RP Secondary | 14,300,000 | 5,832 | 2,451 |
| Oct 16, 2025 | RP Secondary | 12,000,000 | 4,801 | 2,499 |
| Jun 26, 2025 | RP Secondary | 18,000,000 | 5,832 | 3,086 |
| May 13, 2025 | RP Secondary | 10,750,000 | 4,801 | 2,238 |
| Apr 14, 2025 | RP Secondary | 23,800,000 | 8,184 | 2,907 |
| Jan 23, 2025 | RP Secondary | 12,900,000 | 5,832 | 2,211 |
| Dec 10, 2024 | RP Secondary | 9,900,000 | 4,801 | 2,061 |
| Aug 30, 2024 | RP Secondary | 8,500,000 | 4,801 | 1,770 |
| Jun 06, 2024 | RP Secondary | 8,200,000 | 4,801 | 1,707 |
This project is in Victory Heights
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