MAG 318
ResaleDeveloperMAG PROPERTY DEVELOPMENT L.L.C
CommunityBusiness Bay
AreaBusiness Bay
Started
8 years 3 months ago22-10-2017
Handover
5 years 1 month ago06-12-2020
Status
CompleteFinished
Project Description
PROJECT CONSISTS OF 2B+G+3P+19+R RESIDENTIAL & COMMERCIAL BUILDING LOCATED IN BUSINESS BAY. THE APARTMENTS ARE DESIGNED TO HAVE A CONCRETE STRUCTURE AND BLOCK WITH INTERNAL AND EXTERNAL FINISHES.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Rising+7%
GrowthCurrent:AED 2,643/sqft
Last 12M:AED 2,461/sqft
Momentum: Last 12Mvs Prior Year
Rising+6%
GrowthLast 12M:AED 2,461/sqft
Prior Year:AED 2,316/sqft
Community Compare: Last 90DBusiness Bay
At Market0%
Above AvgProject:AED 2,643/sqft
Community:AED 2,648/sqft
Liquidity: Last 12MExit Speed
Moderate10%Turnover
46Sold (Last 12M)
Supply & Demand Matrix
MAG 318 averaged 10% liquidity over the last 12 months, which is considered moderate. 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
316 units
35 sold281 left
11%
Velocity
1 Bedroom
48 units
2 sold46 left
4%
Velocity
2 Bedrooms
75 units
6 sold69 left
8%
Velocity
Shop
12 units
3 sold9 left
25%
Velocity
Layouts & Units (451)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 4-22 | Inventory 316units 19 layouts · Typically 1 parking 8-9 sqm balcony | Size Range 216-446sqft | Price Range AED 515K - AED 1.3M | Avg PSF 1,917 | Sales 200 | Trend — | |
Asset Class 1 Bed FlatFloors 4-22 | Inventory 48units 11 layouts · Typically 1 parking 15-55 sqm balcony | Size Range 812-1,563sqft | Price Range AED 1.1M - AED 2.0M | Avg PSF 1,854 | Sales 16 | Trend — | |
Asset Class 2 Bed FlatFloors 4-22 | Inventory 75units 12 layouts · Typically 1.4 parking 12-100 sqm balcony | Size Range 966-2,076sqft | Price Range AED 1.3M - AED 2.3M | Avg PSF 1,948 | Sales 27 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 56,944-56,944sqft | Price Range — | Avg PSF 1,069 | Sales 0 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 588-588sqft | Price Range — | Avg PSF 46,450 | Sales 0 | Trend — | |
Asset Class ShopPodium | Inventory 12units 12 layouts · Typically 10.5 parking 37-139 sqm balcony | Size Range 254-3,180sqft | Price Range AED 1.1M - AED 5.2M | Avg PSF 3,057 | Sales 3 | Trend — |
Grouped into 6 asset classes covering 451 units