{
    "entity_type": "real_estate_project",
    "name": "Varazze Tower",
    "url": "https://continentalclub.ae/project/varazze-tower-al-sufouh-1/",
    "language": "en",
    "developer": {
        "name": "Abyaar Real Estate",
        "url": "https://continentalclub.ae/developers/abyaar-real-estate/",
        "registry_name": "Olgana Real Estate Development"
    },
    "location": {
        "community": "Al Sufouh 1",
        "url": "https://continentalclub.ae/location/al-sufouh-1/",
        "city": "Dubai",
        "country": "AE"
    },
    "dld": {
        "project_number": "138",
        "status": "",
        "completion_percent": 98.53,
        "inspection_date": "2026-11-05",
        "escrow_bank": "ADIB",
        "units_in_registry": 242,
        "inspections": [
            {
                "date": "2013-09-23",
                "completion_percent": 15
            },
            {
                "date": "2014-03-02",
                "completion_percent": 16.5
            },
            {
                "date": "2015-01-08",
                "completion_percent": 21.09
            },
            {
                "date": "2015-06-11",
                "completion_percent": 25.56
            },
            {
                "date": "2016-01-21",
                "completion_percent": 32.39
            },
            {
                "date": "2016-05-30",
                "completion_percent": 43.22
            },
            {
                "date": "2016-12-05",
                "completion_percent": 61.12
            },
            {
                "date": "2017-08-13",
                "completion_percent": 70.27
            },
            {
                "date": "2019-03-11",
                "completion_percent": 75.05
            },
            {
                "date": "2020-06-24",
                "completion_percent": 75.18
            },
            {
                "date": "2023-12-05",
                "completion_percent": 75.89
            },
            {
                "date": "2024-05-01",
                "completion_percent": 80.16
            },
            {
                "date": "2024-09-19",
                "completion_percent": 90.35
            },
            {
                "date": "2026-06-22",
                "completion_percent": 91.53
            },
            {
                "date": "2026-11-05",
                "completion_percent": 98.53
            }
        ],
        "pace": {
            "percent_per_month": 1.57,
            "basis_from": "2026-06-22",
            "basis_to": "2026-11-05",
            "projected_completion": "2026-12-03",
            "origin": "calculation"
        }
    },
    "commercial": {
        "starting_price_aed": 1929000,
        "price_origin": "ours",
        "currency": "AED",
        "units": 242,
        "handover": "Q1 2024",
        "handover_from": "developer",
        "handover_registry": "",
        "stage": "",
        "payment_plan": "",
        "down_payment_pct": null,
        "service_charge_aed_sqft": null
    },
    "unit_types": {
        "origin": "registry",
        "rows": [
            {
                "type": "1 B/R",
                "bedrooms": 1,
                "units": 91,
                "size_sqft_min": 802,
                "size_sqft_max": 1471,
                "price_from_aed": null
            },
            {
                "type": "2 B/R",
                "bedrooms": 2,
                "units": 79,
                "size_sqft_min": 1328,
                "size_sqft_max": 2266,
                "price_from_aed": null
            },
            {
                "type": "3 B/R",
                "bedrooms": 3,
                "units": 56,
                "size_sqft_min": 2067,
                "size_sqft_max": 4692,
                "price_from_aed": null
            },
            {
                "type": "4 B/R",
                "bedrooms": 4,
                "units": 15,
                "size_sqft_min": 3954,
                "size_sqft_max": 7091,
                "price_from_aed": null
            },
            {
                "type": "5 B/R",
                "bedrooms": 5,
                "units": 1,
                "size_sqft_min": 4814,
                "size_sqft_max": 4814,
                "price_from_aed": null
            }
        ]
    },
    "dld_sales": {
        "deals": 87,
        "first_year": 2011,
        "last_year": 2025,
        "median_aed_sqm": 8611,
        "resale_share_pct": 1,
        "yoy_change_pct": null,
        "deals_last_12m": null,
        "gross_yield_pct": null,
        "bulk_registration": null,
        "by_bedrooms": [
            {
                "type": "1 bedroom",
                "deals": 25,
                "median_price_aed": 1151150,
                "median_size_sqm": 93,
                "aed_per_sqm": 12378
            },
            {
                "type": "2 bedrooms",
                "deals": 25,
                "median_price_aed": 1892250,
                "median_size_sqm": 189,
                "aed_per_sqm": 10012
            },
            {
                "type": "3 bedrooms",
                "deals": 31,
                "median_price_aed": 1940512,
                "median_size_sqm": 257,
                "aed_per_sqm": 7551
            }
        ],
        "scope": "all registered sales (DLD open data), medians over the whole period"
    },
    "dld_history": {
        "scope": "all registered sales and rental contracts of this DLD project number, grouped by calendar quarter and year; medians (upper median), AED; medians shown only where a period has 3+ records",
        "generated": "2026-11-09",
        "sales": {
            "records": 87,
            "first_date": "2011-11-22",
            "last_date": "2025-08-06",
            "last_12m": null,
            "previous_12m": {
                "n": 4,
                "median_price_aed": 3504067,
                "median_aed_sqm": 8073,
                "median_aed_sqft": 750,
                "resale_share_pct": 0
            },
            "change_aed_sqm_last_12m_vs_previous_pct": null,
            "by_year": [
                {"period":"2011","n":3,"median_price_aed":2800410,"median_aed_sqm":14127,"median_aed_sqft":1312,"resale_share_pct":0},
                {"period":"2013","n":22,"median_price_aed":1594297,"median_aed_sqm":8155,"median_aed_sqft":758,"resale_share_pct":0},
                {"period":"2014","n":2,"median_price_aed":null,"median_aed_sqm":null,"median_aed_sqft":null,"resale_share_pct":null},
                {"period":"2015","n":12,"median_price_aed":1934534,"median_aed_sqm":15070,"median_aed_sqft":1400,"resale_share_pct":0},
                {"period":"2016","n":6,"median_price_aed":6771702,"median_aed_sqm":15069,"median_aed_sqft":1400,"resale_share_pct":0},
                {"period":"2017","n":5,"median_price_aed":2085803,"median_aed_sqm":16128,"median_aed_sqft":1498,"resale_share_pct":0},
                {"period":"2018","n":20,"median_price_aed":1300800,"median_aed_sqm":7535,"median_aed_sqft":700,"resale_share_pct":0},
                {"period":"2019","n":10,"median_price_aed":1398360,"median_aed_sqm":9688,"median_aed_sqft":900,"resale_share_pct":0},
                {"period":"2020","n":1,"median_price_aed":null,"median_aed_sqm":null,"median_aed_sqft":null,"resale_share_pct":null},
                {"period":"2022","n":1,"median_price_aed":null,"median_aed_sqm":null,"median_aed_sqft":null,"resale_share_pct":null},
                {"period":"2024","n":1,"median_price_aed":null,"median_aed_sqm":null,"median_aed_sqft":null,"resale_share_pct":null},
                {"period":"2025","n":4,"median_price_aed":3504067,"median_aed_sqm":8073,"median_aed_sqft":750,"resale_share_pct":0}
            ],
            "by_quarter": [
                {"period":"2011-Q4","n":3,"median_price_aed":2800410,"median_aed_sqm":14127,"median_aed_sqft":1312,"resale_share_pct":0},
                {"period":"2013-Q1","n":22,"median_price_aed":1594297,"median_aed_sqm":8155,"median_aed_sqft":758,"resale_share_pct":0},
                {"period":"2014-Q3","n":2,"median_price_aed":null,"median_aed_sqm":null,"median_aed_sqft":null,"resale_share_pct":null},
                {"period":"2015-Q1","n":9,"median_price_aed":1932902,"median_aed_sqm":7535,"median_aed_sqft":700,"resale_share_pct":0},
                {"period":"2015-Q4","n":3,"median_price_aed":1934534,"median_aed_sqm":15070,"median_aed_sqft":1400,"resale_share_pct":0},
                {"period":"2016-Q1","n":2,"median_price_aed":null,"median_aed_sqm":null,"median_aed_sqft":null,"resale_share_pct":null},
                {"period":"2016-Q3","n":1,"median_price_aed":null,"median_aed_sqm":null,"median_aed_sqft":null,"resale_share_pct":null},
                {"period":"2016-Q4","n":3,"median_price_aed":6771702,"median_aed_sqm":15070,"median_aed_sqft":1400,"resale_share_pct":0},
                {"period":"2017-Q1","n":3,"median_price_aed":3096858,"median_aed_sqm":16128,"median_aed_sqft":1498,"resale_share_pct":0},
                {"period":"2017-Q4","n":2,"median_price_aed":null,"median_aed_sqm":null,"median_aed_sqft":null,"resale_share_pct":null},
                {"period":"2018-Q1","n":1,"median_price_aed":null,"median_aed_sqm":null,"median_aed_sqft":null,"resale_share_pct":null},
                {"period":"2018-Q3","n":18,"median_price_aed":1446832,"median_aed_sqm":7535,"median_aed_sqft":700,"resale_share_pct":0},
                {"period":"2018-Q4","n":1,"median_price_aed":null,"median_aed_sqm":null,"median_aed_sqft":null,"resale_share_pct":null},
                {"period":"2019-Q1","n":4,"median_price_aed":1398360,"median_aed_sqm":10765,"median_aed_sqft":1000,"resale_share_pct":0},
                {"period":"2019-Q2","n":2,"median_price_aed":null,"median_aed_sqm":null,"median_aed_sqft":null,"resale_share_pct":null},
                {"period":"2019-Q4","n":4,"median_price_aed":1932902,"median_aed_sqm":10333,"median_aed_sqft":960,"resale_share_pct":0},
                {"period":"2020-Q1","n":1,"median_price_aed":null,"median_aed_sqm":null,"median_aed_sqft":null,"resale_share_pct":null},
                {"period":"2022-Q2","n":1,"median_price_aed":null,"median_aed_sqm":null,"median_aed_sqft":null,"resale_share_pct":null},
                {"period":"2024-Q2","n":1,"median_price_aed":null,"median_aed_sqm":null,"median_aed_sqft":null,"resale_share_pct":null},
                {"period":"2025-Q3","n":4,"median_price_aed":3504067,"median_aed_sqm":8073,"median_aed_sqft":750,"resale_share_pct":0}
            ],
            "corridor": "price per m2 between 3,000 and 200,000 AED"
        },
        "rent": {
            "records": 0,
            "first_date": null,
            "last_date": null,
            "last_12m": null,
            "previous_12m": null,
            "by_year": [],
            "by_quarter": [],
            "corridor": "annual rent per m2 between 50 and 20,000 AED"
        },
        "recent_sales": [
            {"date":"2025-08-06","type":"4 B/R","bedrooms":4,"area_sqm":525.3,"price_aed":4240260,"aed_per_sqm":8073,"market":"primary"},
            {"date":"2025-07-30","type":"5 B/R","bedrooms":5,"area_sqm":447.2,"price_aed":3504067,"aed_per_sqm":7836,"market":"primary"},
            {"date":"2025-07-08","type":"3 B/R","bedrooms":3,"area_sqm":257.5,"price_aed":2079090,"aed_per_sqm":8073,"market":"primary"},
            {"date":"2025-07-08","type":"3 B/R","bedrooms":3,"area_sqm":257.5,"price_aed":2079090,"aed_per_sqm":8073,"market":"primary"},
            {"date":"2024-06-14","type":"2 B/R","bedrooms":2,"area_sqm":206.5,"price_aed":3146706,"aed_per_sqm":15241,"market":"primary"},
            {"date":"2022-06-29","type":"","bedrooms":null,"area_sqm":3917.7,"price_aed":56840512,"aed_per_sqm":14509,"market":"resale"},
            {"date":"2020-01-29","type":"3 B/R","bedrooms":3,"area_sqm":257.5,"price_aed":2770120,"aed_per_sqm":10756,"market":"primary"},
            {"date":"2019-11-12","type":"3 B/R","bedrooms":3,"area_sqm":256.5,"price_aed":1932902,"aed_per_sqm":7535,"market":"primary"},
            {"date":"2019-11-12","type":"1 B/R","bedrooms":1,"area_sqm":93.4,"price_aed":703524,"aed_per_sqm":7535,"market":"primary"},
            {"date":"2019-11-11","type":"3 B/R","bedrooms":3,"area_sqm":192,"price_aed":1984262,"aed_per_sqm":10334,"market":"primary"},
            {"date":"2019-11-11","type":"1 B/R","bedrooms":1,"area_sqm":88.1,"price_aed":910003,"aed_per_sqm":10333,"market":"primary"},
            {"date":"2019-04-17","type":"3 B/R","bedrooms":3,"area_sqm":192,"price_aed":1653520,"aed_per_sqm":8611,"market":"primary"},
            {"date":"2019-04-17","type":"1 B/R","bedrooms":1,"area_sqm":93.4,"price_aed":804024,"aed_per_sqm":8611,"market":"primary"},
            {"date":"2019-01-28","type":"2 B/R","bedrooms":2,"area_sqm":123.4,"price_aed":1327930,"aed_per_sqm":10765,"market":"primary"},
            {"date":"2019-01-28","type":"2 B/R","bedrooms":2,"area_sqm":195.7,"price_aed":1892250,"aed_per_sqm":9667,"market":"primary"},
            {"date":"2019-01-28","type":"1 B/R","bedrooms":1,"area_sqm":101.3,"price_aed":980869,"aed_per_sqm":9688,"market":"primary"},
            {"date":"2019-01-17","type":"1 B/R","bedrooms":1,"area_sqm":93.4,"price_aed":1398360,"aed_per_sqm":14977,"market":"primary"},
            {"date":"2018-12-31","type":"1 B/R","bedrooms":1,"area_sqm":93.4,"price_aed":1000000,"aed_per_sqm":10710,"market":"primary"},
            {"date":"2018-08-13","type":"2 B/R","bedrooms":2,"area_sqm":128.4,"price_aed":1100000,"aed_per_sqm":8569,"market":"primary"},
            {"date":"2018-08-01","type":"1 B/R","bedrooms":1,"area_sqm":93.4,"price_aed":703524,"aed_per_sqm":7535,"market":"primary"}
        ],
        "recent_rents": [],
        "recent_note": "latest registered transactions, anonymised: date, type, size, price only",
        "source": "Dubai Land Department open data (sales transactions; Ejari rental contracts)"
    },
    "sources": {
        "construction": "Dubai Land Department (Mashrooi project register)",
        "handover": "Developer",
        "price": "Developer",
        "payment_plan": "Developer",
        "dld_sales": "Dubai Land Department open data (registered sales transactions)",
        "dld_history": "Dubai Land Department open data (sales transactions and Ejari rental contracts); medians computed by Continental Club Property",
        "origin_labels": "https://continentalclub.ae/methodology/#provenance"
    },
    "license": "CC BY 4.0",
    "attribution": "Continental Club Property, based on Dubai Land Department registry and developer data",
    "markdown": "https://continentalclub.ae/project/varazze-tower-al-sufouh-1.md",
    "updated_at": "2026-10-17",
    "translations": {
        "en": "https://continentalclub.ae/project/varazze-tower-al-sufouh-1/",
        "ru": "https://continentalclub.ae/ru/project/varazze-tower-al-sufouh-1-ru/"
    }
}