ENI CORAL TOWER
MatureCommunityBusiness Bay
AreaBusiness Bay
Started
13 years 9 months ago10-04-2012
Handover
11 years 2 months ago25-11-2014
Status
CompleteFinished
Performance Alpha
Rent Pricing: L12MPer Sqft / Year
AED 865/sqft
Range:AED 496 – AED 2K
Avg Unit:AED 117K/yr
Leasing Volume: L12MContracts Signed
Very Active138Total
New:29
Renew:109
Tenant RetentionRenewal Rate
Excellent79%renewals
21% new tenants79% renewals
Avg Annual RentPer Unit
AED 117K/year
Based on 138 contracts
Supply & Demand Matrix
ENI CORAL TOWER averaged 0% 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
2 Bedrooms
138 units
0 sold138 left
0%
Velocity
3 Bedrooms
2 units
0 sold2 left
0%
Velocity
4 Bedrooms
1 units
0 sold1 left
0%
Velocity
Shop
4 units
0 sold4 left
0%
Velocity
Layouts & Units (145)
| Property Type | Contracts (L12M) | Size Range | Rent Range (PSF) | Avg Rent/Sqft | Avg Annual | |
|---|---|---|---|---|---|---|
Property Type 2 bed rooms+hallapartment | Contracts 949 | Size Range 121-142sqft | Rent Range 83-1,787 | Avg Rent/Sqft 709AED | Avg Annual AED 94K | |
Property Type 3 bed rooms+hallapartment | Contracts 17 | Size Range 174-174sqft | Rent Range 653-1,034 | Avg Rent/Sqft 811AED | Avg Annual AED 141K | |
Property Type 4 bed rooms+hallapartment | Contracts 7 | Size Range 267-267sqft | Rent Range 449-918 | Avg Rent/Sqft 622AED | Avg Annual AED 166K | |
Property Type Shopretail | Contracts 23 | Size Range 36-422sqft | Rent Range 581-2,729 | Avg Rent/Sqft 1,526AED | Avg Annual AED 214K | |
Property Type retail | Contracts 4 | Size Range 424-424sqft | Rent Range 920-1,273 | Avg Rent/Sqft 1,076AED | Avg Annual AED 456K |
1,000 rental contracts grouped into 5 property types