BUSINESS TOWER
ResaleDeveloperDAMAC PROPERTIES CO (L.L.C)
CommunityBusiness Bay
AreaBusiness Bay
Started
18 years 9 months ago27-03-2007
Handover
14 years 11 months ago14-02-2011
Status
CompleteFinished
Project Description
Freehold commercial tower development in Dubai Business Bay. The building is designed and constructed as 2B+G+3P+18. The tower is being constructed out of concrete structure and block with internal and external finishes. 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
Stable0%
GrowthCurrent:AED 1,438/sqft
Last 12M:AED 1,444/sqft
Momentum: Last 12Mvs Prior Year
Rising+9%
GrowthLast 12M:AED 1,444/sqft
Prior Year:AED 1,330/sqft
Community Compare: Last 90DBusiness Bay
Discount-46%
Below AvgProject:AED 1,438/sqft
Community:AED 2,648/sqft
Liquidity: Last 12MExit Speed
Moderate14%Turnover
23Sold (Last 12M)
Supply & Demand Matrix
BUSINESS TOWER averaged 14% 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
Shop
15 units
1 sold14 left
7%
Velocity
Office
151 units
22 sold129 left
15%
Velocity
Layouts & Units (166)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Land | Inventory 0units | Size Range 956-37,598sqft | Price Range AED 37.6M - AED 37.6M | Avg PSF 3,665 | Sales 1 | Trend — | |
Asset Class OfficeFloors 4-22 | Inventory 151units 23 layouts · Typically 1.8 parking ~14 sqm balcony | Size Range 447-1,522sqft | Price Range AED 180K - AED 2.8M | Avg PSF 1,133 | Sales 261 | Trend — | |
Asset Class ShopPodium | Inventory 15units 15 layouts · Typically 1.5 parking | Size Range 367-1,450sqft | Price Range AED 286K - AED 3.9M | Avg PSF 1,701 | Sales 23 | Trend — |
Grouped into 3 asset classes covering 166 units