LAKE CENTRAL
MatureDeveloperhamid PROPERTIES LIMITED
CommunityBusiness Bay
AreaBusiness Bay
Started
17 years 11 months ago27-01-2008
Handover
13 years 10 months ago28-02-2012
Status
CompleteFinished
Project Description
Freehold commercial building development in Dubai Business Bay that is designed to 3B+G+3P+18 floors high. The building will be constructed out of concrete structure with its external finishes. The office units will be handed over as ?shell and core? to be individually fitted by their respective owners.
Performance Alpha
Sales Performance
Market Sales: Last 90Dvs Last 12M Baseline
Rising+16%Growth
Current:AED 2,375/sqft
Last 12M:AED 2,053/sqft
Momentum: Last 12Mvs Prior Year
Rising+15%Growth
Last 12M:AED 2,053/sqft
Prior Year:AED 1,779/sqft
Community Compare: Last 90DBusiness Bay
Discount-10%Below Avg
Project:AED 2,375/sqft
Community:AED 2,648/sqft
Liquidity: Last 12MExit Speed
Low3%Turnover
6Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 1,706/sqft
Range:AED 95 – AED 4K
Avg Unit:AED 188K/yr
Leasing Volume: L12MContracts Signed
Very Active144Total
New:63
Renew:81
Tenant RetentionRenewal Rate
Good56%renewals
44% new tenants56% renewals
Gross YieldAnnual Return
High Yield71.8%Yield
Rent:AED 1,706/sqft
Price:AED 2,375/sqft
Supply & Demand Matrix
LAKE CENTRAL averaged 3% 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
10 units
0 sold10 left
0%
Velocity
Office
185 units
6 sold179 left
3%
Velocity
Layouts & Units (195)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Land | Inventory 0units | Size Range 50,530-50,530sqft | Price Range AED 56.8M - AED 56.8M | Avg PSF 1,125 | Sales 1 | Trend — | |
Asset Class OfficeFloors 4-22 | Inventory 185units 31 layouts · Typically 1.4 parking | Size Range 91-12,468sqft | Price Range AED 88K - AED 9.7M | Avg PSF 1,186 | Sales 186 | Trend — | |
Asset Class ShopPodium + Floor 4 | Inventory 10units 10 layouts · Typically 1.6 parking | Size Range 747-6,416sqft | Price Range AED 2.1M - AED 6.0M | Avg PSF 2,320 | Sales 5 | Trend — |
Grouped into 3 asset classes covering 195 units