ELEVATE by Prescott
HandoverCommunityArjan
Started
2 years 10 months ago01-03-2023
Handover
9 months ago31-03-2025
Status
87% BuiltIn Progress
Project Description
B+G+15+R Residential, The project designed to have a concrete structure and block with internal and external finishes.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Rising+7%
GrowthCurrent:AED 1,571/sqft
Last 12M:AED 1,467/sqft
Momentum: Last 12Mvs Prior Year
Rising+13%
GrowthLast 12M:AED 1,467/sqft
Prior Year:AED 1,295/sqft
Community Compare: Last 90DArjan
Discount-16%
Below AvgProject:AED 1,571/sqft
Community:AED 1,881/sqft
Liquidity: Last 12MExit Speed
High22%Turnover
49Sold (Last 12M)
Supply & Demand Matrix
ELEVATE by Prescott averaged 22% liquidity over the last 12 months, which is considered high. As units are handed over, early secondary market activity is emerging. Velocity will become more meaningful as the market matures.
Type
Absorption (L12M)
Velocity
Studio
118 units
31 sold87 left
26%
Velocity
1 Bedroom
75 units
15 sold60 left
20%
Velocity
2 Bedrooms
30 units
3 sold27 left
10%
Velocity
Layouts & Units (223)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 1-15 | Inventory 118units 20 layouts · Typically 1 parking 4-10 sqm balcony | Size Range 208-467sqft | Price Range AED 273K - AED 720K | Avg PSF 1,330 | Sales 169 | Trend — | |
Asset Class 1 Bed FlatFloors 1-15 | Inventory 75units 14 layouts · Typically 1 parking 9-27 sqm balcony | Size Range 737-957sqft | Price Range AED 731K - AED 1.3M | Avg PSF 1,125 | Sales 101 | Trend — | |
Asset Class 2 Bed FlatFloors 1-15 | Inventory 30units 7 layouts · Typically 1 parking 17-50 sqm balcony | Size Range 1,197-1,559sqft | Price Range AED 1.1M - AED 1.8M | Avg PSF 1,095 | Sales 35 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 44,673-44,673sqft | Price Range AED 16.4M - AED 16.4M | Avg PSF 367 | Sales 1 | Trend — |
Grouped into 4 asset classes covering 223 units