ELITE BUSINESS BAY RESIDENCE
MatureDeveloperRANGE 4 DEVELOPMENTS L.L.C
CommunityBusiness Bay
AreaBusiness Bay
Started
8 years 10 months ago01-03-2017
Handover
4 years 11 months ago31-01-2021
Status
CompleteFinished
Project Description
Project located in Business Bay, residential building consist of 3B+G+4P+24+R made of concrete structure with internal and external finishes.
Performance Alpha
Sales Performance
Market Sales: Last 90Dvs Last 12M Baseline
Falling-6%Decline
Current:AED 1,274/sqft
Last 12M:AED 1,360/sqft
Momentum: Last 12Mvs Prior Year
Falling-8%Decline
Last 12M:AED 1,360/sqft
Prior Year:AED 1,484/sqft
Community Compare: Last 90DBusiness Bay
Discount-52%Below Avg
Project:AED 1,274/sqft
Community:AED 2,648/sqft
Liquidity: Last 12MExit Speed
Low9%Turnover
48Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 1,485/sqft
Range:AED 253 – AED 109K
Avg Unit:AED 98K/yr
Leasing Volume: L12MContracts Signed
Very Active405Total
New:256
Renew:149
Tenant RetentionRenewal Rate
Fair37%renewals
63% new tenants37% renewals
Gross YieldAnnual Return
High Yield116.6%Yield
Rent:AED 1,485/sqft
Price:AED 1,274/sqft
Supply & Demand Matrix
ELITE BUSINESS BAY RESIDENCE 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
Studio
322 units
27 sold295 left
8%
Velocity
1 Bedroom
115 units
18 sold97 left
16%
Velocity
2 Bedrooms
46 units
2 sold44 left
4%
Velocity
4 Bedrooms
46 units
1 sold45 left
2%
Velocity
Shop
11 units
0 sold11 left
0%
Velocity
Layouts & Units (540)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 1-23 | Inventory 322units 17 layouts · Typically 1 parking 4-17 sqm balcony | Size Range 238-609sqft | Price Range AED 450K - AED 960K | Avg PSF 1,259 | Sales 296 | Trend — | |
Asset Class 1 Bed FlatFloors 1-23 | Inventory 115units 6 layouts · Typically 1 parking 18-27 sqm balcony | Size Range 270-934sqft | Price Range AED 282K - AED 1.3M | Avg PSF 1,120 | Sales 157 | Trend — | |
Asset Class 2 Bed FlatFloors 1-23 | Inventory 46units 2 layouts · Typically 2 parking 40-42 sqm balcony | Size Range 1,273-1,343sqft | Price Range AED 1.1M - AED 2.1M | Avg PSF 1,139 | Sales 45 | Trend — | |
Asset Class 4 Bed FlatFloors 1-23 | Inventory 46units 4 layouts · Typically 2 parking 62-63 sqm balcony | Size Range 1,084-2,191sqft | Price Range AED 1.4M - AED 2.9M | Avg PSF 1,134 | Sales 50 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 58,098-58,098sqft | Price Range AED 69.0M - AED 69.0M | Avg PSF 1,187 | Sales 1 | Trend — | |
Asset Class ShopPodium | Inventory 11units 11 layouts · Typically 1.6 parking | Size Range 358-887sqft | Price Range — | Avg PSF — | Sales 0 | Trend — |
Grouped into 6 asset classes covering 540 units