CITADEL TOWER
ResaleDeveloperDEYAAR DEVELOPMENT (P.J.S.C)
CommunityBusiness Bay
AreaBusiness Bay
Started
19 years 6 months ago01-07-2006
Handover
16 years ago10-01-2010
Status
CompleteFinished
Performance Alpha
Sales Performance
Blended: Last 90Dvs Last 12M Baseline
Rising+41%Growth
Current:AED 3,061/sqft
Last 12M:AED 2,174/sqft
Momentum: Last 12Mvs Prior Year
Rising+50%Growth
Last 12M:AED 2,174/sqft
Prior Year:AED 1,451/sqft
Community Compare: Last 90DBusiness Bay
Premium+16%Above Avg
Project:AED 3,061/sqft
Community:AED 2,648/sqft
Liquidity: Last 12MExit Speed
Low5%Turnover
23Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 1,454/sqft
Range:AED 90 – AED 19K
Avg Unit:AED 42K/yr
Leasing Volume: L12MContracts Signed
Very Active1,656Total
New:1507
Renew:149
Tenant RetentionRenewal Rate
Low9%renewals
91% new tenants9% renewals
Gross YieldAnnual Return
High Yield47.5%Yield
Rent:AED 1,454/sqft
Price:AED 3,061/sqft
Supply & Demand Matrix
CITADEL TOWER averaged 5% 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
13 units
0 sold13 left
0%
Velocity
Office
406 units
23 sold383 left
6%
Velocity
Layouts & Units (419)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Land | Inventory 0units | Size Range 653-70,581sqft | Price Range AED 114.0M - AED 114.0M | Avg PSF 13,219 | Sales 1 | Trend — | |
Asset Class OfficeFloors 1-41 | Inventory 406units 12 layouts · Typically 2 parking | Size Range 44-2,217sqft | Price Range AED 44K - AED 5.2M | Avg PSF 1,210 | Sales 812 | Trend — | |
Asset Class ShopPodium + Floor 1 | Inventory 13units 11 layouts · Typically 2.2 parking | Size Range 653-3,725sqft | Price Range AED 1.2M - AED 2.3M | Avg PSF 1,118 | Sales 3 | Trend — |
Grouped into 3 asset classes covering 419 units