BAY SQUARE
MatureDeveloperBUSINESS BAY (L.L.C)
CommunityBusiness Bay
AreaBusiness Bay
Started
18 years 6 months ago17-07-2007
Handover
11 years 5 months ago24-08-2014
Status
CompleteFinished
Project Description
Freehold mixed use residential/commercial development located in Business Bay. The project consist of 12 buildings constructed on a 5 common basements and 1 common podium with highs ranging from G+4 to G+13 storey. The project designed to be constructed as a concrete structure with external and internal finishes. The office units will be handed over as ?core and shell? to be individually fitted by their respective owners.
Performance Alpha
Sales Performance
Market Sales: Last 90Dvs Last 12M Baseline
Rising+14%Growth
Current:AED 2,516/sqft
Last 12M:AED 2,207/sqft
Momentum: Last 12Mvs Prior Year
Rising+41%Growth
Last 12M:AED 2,207/sqft
Prior Year:AED 1,562/sqft
Community Compare: Last 90DBusiness Bay
Discount-4%Below Avg
Project:AED 2,545/sqft
Community:AED 2,648/sqft
Liquidity: Last 12MExit Speed
Moderate12%Turnover
123Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 1,823/sqft
Range:AED 6 – AED 12K
Avg Unit:AED 228K/yr
Leasing Volume: L12MContracts Signed
Very Active897Total
New:544
Renew:353
Tenant RetentionRenewal Rate
Fair39%renewals
61% new tenants39% renewals
Gross YieldAnnual Return
High Yield72.5%Yield
Rent:AED 1,823/sqft
Price:AED 2,516/sqft
Supply & Demand Matrix
BAY SQUARE averaged 12% liquidity over the last 12 months, which is considered moderate. High velocity indicates an active secondary market with easier exit potential. Lower velocity suggests long-term holds or cooling demand.
Type
Absorption (L12M)
Velocity
Studio
167 units
25 sold142 left
15%
Velocity
1 Bedroom
140 units
22 sold118 left
16%
Velocity
PENTHOUSE
19 units
3 sold16 left
16%
Velocity
Shop
126 units
2 sold124 left
2%
Velocity
Office
573 units
71 sold502 left
12%
Velocity
Layouts & Units (1,025)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatPodium + Floors 1-10 | Inventory 167units 27 layouts · Typically 1 parking 8-27 sqm balcony | Size Range 563-1,140sqft | Price Range AED 525K - AED 1.4M | Avg PSF 1,335 | Sales 288 | Trend — | |
Asset Class Flat | Inventory 0units | Size Range 780-1,591sqft | Price Range AED 880K - AED 2.5M | Avg PSF 1,074 | Sales 16 | Trend — | |
Asset Class 1 Bed FlatPodium + Floors 1-12 | Inventory 140units 33 layouts · Typically 1 parking 13-105 sqm balcony | Size Range 408-2,126sqft | Price Range AED 1.0M - AED 2.1M | Avg PSF 1,211 | Sales 197 | Trend — | |
Asset Class 22 Bed FlatFloors 10-12 | Inventory 19units 12 layouts · Typically 1 parking 11-30 sqm balcony | Size Range 1,222-1,591sqft | Price Range — | Avg PSF — | Sales 0 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 568,277-568,277sqft | Price Range — | Avg PSF 242 | Sales 0 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 483-3,358sqft | Price Range — | Avg PSF 34,143 | Sales 0 | Trend — | |
Asset Class OfficePodium + Floors 1-11 | Inventory 573units 128 layouts · Typically 5.2 parking 13-343 sqm balcony | Size Range 81-6,283sqft | Price Range AED 107K - AED 18.9M | Avg PSF 1,516 | Sales 587 | Trend — | |
Asset Class ShopPodium + Floor 4 | Inventory 126units 115 layouts · Typically 3.2 parking ~195 sqm balcony | Size Range 245-21,326sqft | Price Range AED 361K - AED 22.8M | Avg PSF 2,762 | Sales 37 | Trend — |
Grouped into 8 asset classes covering 1,025 units