CLOVER BAY
MatureDeveloperGREEN EMIRATES PROPERTIES CO.PSC
CommunityBusiness Bay
AreaBusiness Bay
Started
17 years 2 months ago29-10-2008
Handover
14 years 2 months ago27-10-2011
Status
CompleteFinished
Project Description
Freehold commercial tower development in Dubai Business Bay. The building is designed and constructed as 4B+G+3P+25. The tower is being constructed out of concrete structure and block with internal and external 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+12%Growth
Current:AED 1,780/sqft
Last 12M:AED 1,590/sqft
Momentum: Last 12Mvs Prior Year
Rising+21%Growth
Last 12M:AED 1,590/sqft
Prior Year:AED 1,310/sqft
Community Compare: Last 90DBusiness Bay
Discount-33%Below Avg
Project:AED 1,780/sqft
Community:AED 2,648/sqft
Liquidity: Last 12MExit Speed
Low9%Turnover
29Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 1,521/sqft
Range:AED 11 – AED 3K
Avg Unit:AED 67K/yr
Leasing Volume: L12MContracts Signed
Very Active783Total
New:644
Renew:139
Tenant RetentionRenewal Rate
Low18%renewals
82% new tenants18% renewals
Gross YieldAnnual Return
High Yield85.4%Yield
Rent:AED 1,521/sqft
Price:AED 1,780/sqft
Supply & Demand Matrix
CLOVER BAY averaged 9% 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
8 units
1 sold7 left
13%
Velocity
Office
324 units
28 sold296 left
9%
Velocity
Layouts & Units (332)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Land | Inventory 0units | Size Range 940-65,153sqft | Price Range AED 75.0M - AED 75.0M | Avg PSF 3,671 | Sales 1 | Trend — | |
Asset Class OfficeFloors 1-25 | Inventory 324units 60 layouts · Typically 1.3 parking 21-73 sqm balcony | Size Range 95-2,143sqft | Price Range AED 78K - AED 3.9M | Avg PSF 975 | Sales 453 | Trend — | |
Asset Class ShopPodium | Inventory 8units 8 layouts · Typically 1.3 parking | Size Range 645-6,493sqft | Price Range AED 587K - AED 16.7M | Avg PSF 1,345 | Sales 10 | Trend — |
Grouped into 3 asset classes covering 332 units