AL MANARA

Resale

DeveloperETA STAR PROPERTY DEVELOPERS L.L.C

CommunityBusiness Bay

AreaBusiness Bay

Started

19 years 7 months ago01-06-2006

Handover

14 years 3 months ago26-09-2011

Status

CompleteFinished

Project Description

Freehold commercial tower development located in Business Bay. The building is designed and constructed as 4B+G+ 7P+27 storey high tower formed in a concrete structure with glass and aluminum exterior finish. It will consist of 328 units/offices The office units will be handed over as ?shell and core? to be individually fitted by their respective owners.

Performance Alpha

Blended: Last 90Dvs Last 12M Baseline

Rising

+15%

Growth

Current:AED 2,147/sqft

Last 12M:AED 1,859/sqft

Momentum: Last 12Mvs Prior Year

Rising

+29%

Growth

Last 12M:AED 1,859/sqft

Prior Year:AED 1,441/sqft

Community Compare: Last 90DBusiness Bay

Discount

-19%

Below Avg

Project:AED 2,147/sqft

Community:AED 2,648/sqft

Liquidity: Last 12MExit Speed

Low

3%Turnover

11Sold (Last 12M)

Supply & Demand Matrix

AL MANARA averaged 3% liquidity over the last 12 months, which is considered low. High velocity indicates an active secondary market with easier exit potential. Lower velocity suggests long-term holds or cooling demand.

Type

Absorption (L12M)

Velocity

Shop

9 units

0 sold9 left

Velocity

Office

313 units

11 sold302 left

Velocity

Layouts & Units (322)

Asset Class	Inventory	Size Range	Price Range	Avg PSF	Sales	Trend
Asset Class Land	Inventory 0units	Size Range 904-63,243sqft	Price Range AED 109.6M - AED 109.6M	Avg PSF 22,641	Sales 1	Trend —

Asset Class OfficeFloors 5-34	Inventory 313units 161 layouts · Typically 2.7 parking ~86 sqm balcony	Size Range 331-4,916sqft	Price Range AED 410K - AED 7.6M	Avg PSF 1,122	Sales 648	Trend —

Asset Class ShopPodium + Floor 7	Inventory 9units 7 layouts · Typically 2.6 parking	Size Range 624-2,970sqft	Price Range AED 584K - AED 2.4M	Avg PSF 1,348	Sales 10	Trend —

Grouped into 3 asset classes covering 322 units