MAJESTINE
ResaleDeveloperBUSINESS TOWER INVESTMENT L.L.C
CommunityBusiness Bay
AreaBusiness Bay
Started
11 years 5 months ago15-08-2014
Handover
7 years 6 months ago25-07-2018
Status
CompleteFinished
Project Description
PROJECT CONSISTS OF G+3P+16+R HOTEL APARTMENT LOCATED IN BUSINESS BAY. THE APARTMENTS ARE DESIGNED TO HAVE A CONCRETE STRUCTURE AND BLOCK WITH INTERNAL AND EXTERNAL FINISHES.
Performance Alpha
Sales Performance
Blended: Last 90Dvs Last 12M Baseline
Stable+2%Growth
Current:AED 1,624/sqft
Last 12M:AED 1,585/sqft
Momentum: Last 12Mvs Prior Year
Falling-4%Decline
Last 12M:AED 1,585/sqft
Prior Year:AED 1,652/sqft
Community Compare: Last 90DBusiness Bay
Discount-39%Below Avg
Project:AED 1,624/sqft
Community:AED 2,648/sqft
Liquidity: Last 12MExit Speed
Low8%Turnover
40Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 1,344/sqft
Range:AED 155 – AED 3K
Avg Unit:AED 84K/yr
Leasing Volume: L12MContracts Signed
Very Active365Total
New:253
Renew:112
Tenant RetentionRenewal Rate
Fair31%renewals
69% new tenants31% renewals
Gross YieldAnnual Return
High Yield82.8%Yield
Rent:AED 1,344/sqft
Price:AED 1,624/sqft
Supply & Demand Matrix
MAJESTINE averaged 8% 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
283 units
22 sold261 left
8%
Velocity
1 Bedroom
149 units
13 sold136 left
9%
Velocity
2 Bedrooms
45 units
3 sold42 left
7%
Velocity
3 Bedrooms
22 units
2 sold20 left
9%
Velocity
Shop
7 units
0 sold7 left
0%
Velocity
Layouts & Units (506)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 4-19 | Inventory 248units 58 layouts · Typically 0.7 parking 4-51 sqm balcony | Size Range 125-1,947sqft | Price Range AED 242K - AED 1.2M | Avg PSF 1,667 | Sales 106 | Trend — | |
Asset Class 1 Bed FlatFloors 4-19 | Inventory 133units 63 layouts · Typically 1 parking 11-76 sqm balcony | Size Range 775-1,620sqft | Price Range AED 700K - AED 2.1M | Avg PSF 1,620 | Sales 41 | Trend — | |
Asset Class 2 Bed FlatFloors 4-19 | Inventory 40units 22 layouts · Typically 1 parking 14-29 sqm balcony | Size Range 1,003-1,609sqft | Price Range AED 1.1M - AED 3.0M | Avg PSF 1,598 | Sales 17 | Trend — | |
Asset Class 3 Bed FlatFloors 5-19 | Inventory 20units 10 layouts · Typically 2 parking 10-61 sqm balcony | Size Range 1,413-2,042sqft | Price Range AED 2.1M - AED 2.5M | Avg PSF 1,548 | Sales 4 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 75,426-75,426sqft | Price Range AED 117.6M - AED 117.6M | Avg PSF 1,380 | Sales 1 | Trend — | |
Asset Class 2 Bed Hotel ApartmentFloors 5-16 | Inventory 5units 4 layouts · Typically 1 parking 14-26 sqm balcony | Size Range 1,068-1,436sqft | Price Range — | Avg PSF 1,925 | Sales 0 | Trend — | |
Asset Class 1 Bed Hotel ApartmentFloors 4-19 | Inventory 16units 14 layouts · Typically 1 parking 11-21 sqm balcony | Size Range 820-1,036sqft | Price Range AED 875K - AED 1.4M | Avg PSF 1,718 | Sales 3 | Trend — | |
Asset Class Hotel ApartmentFloors 4-17 | Inventory 35units 18 layouts · Typically 0.9 parking 4-18 sqm balcony | Size Range 430-1,947sqft | Price Range AED 550K - AED 940K | Avg PSF 1,648 | Sales 11 | Trend — | |
Asset Class 3 Bed Hotel ApartmentFloors 8-11 | Inventory 2units 2 layouts · Typically 2 parking ~10 sqm balcony | Size Range 1,420-1,420sqft | Price Range AED 2.5M - AED 2.5M | Avg PSF 1,691 | Sales 1 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 270-270sqft | Price Range — | Avg PSF 30,342 | Sales 0 | Trend — | |
Asset Class ShopPodium | Inventory 7units 7 layouts · Typically 1 parking | Size Range 270-2,422sqft | Price Range — | Avg PSF — | Sales 0 | Trend — |
Grouped into 11 asset classes covering 506 units