MERANO TOWER
ResaleDeveloperDAMAC WORLD REAL ESTATE L.L.C
CommunityBusiness Bay
AreaBusiness Bay
Started
10 years 3 months ago01-10-2015
Handover
5 years 10 months ago27-02-2020
Status
CompleteFinished
Project Description
PROJECT CONSISTS OF 4B+G+P+28+R RESIDENTIAL BUILDING 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
Falling-4%Decline
Current:AED 1,539/sqft
Last 12M:AED 1,608/sqft
Momentum: Last 12Mvs Prior Year
Falling-6%Decline
Last 12M:AED 1,608/sqft
Prior Year:AED 1,712/sqft
Community Compare: Last 90DBusiness Bay
Discount-42%Below Avg
Project:AED 1,539/sqft
Community:AED 2,648/sqft
Liquidity: Last 12MExit Speed
Moderate10%Turnover
57Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 1,374/sqft
Range:AED 882 – AED 3K
Avg Unit:AED 82K/yr
Leasing Volume: L12MContracts Signed
Very Active412Total
New:268
Renew:144
Tenant RetentionRenewal Rate
Fair35%renewals
65% new tenants35% renewals
Gross YieldAnnual Return
High Yield89.3%Yield
Rent:AED 1,374/sqft
Price:AED 1,539/sqft
Supply & Demand Matrix
MERANO TOWER 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
83 units
7 sold76 left
8%
Velocity
1 Bedroom
398 units
33 sold365 left
8%
Velocity
2 Bedrooms
84 units
16 sold68 left
19%
Velocity
3 Bedrooms
11 units
1 sold10 left
9%
Velocity
Shop
5 units
0 sold5 left
0%
Velocity
Layouts & Units (581)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 2-29 | Inventory 83units 5 layouts · Typically 0.9 parking 7-12 sqm balcony | Size Range 167-806sqft | Price Range AED 236K - AED 800K | Avg PSF 1,689 | Sales 39 | Trend — | |
Asset Class 1 Bed FlatFloors 2-29 | Inventory 398units 21 layouts · Typically 1 parking 8-24 sqm balcony | Size Range 154-1,836sqft | Price Range AED 400K - AED 1.5M | Avg PSF 1,445 | Sales 150 | Trend — | |
Asset Class 2 Bed FlatFloors 2-29 | Inventory 84units 7 layouts · Typically 1.3 parking 6-22 sqm balcony | Size Range 223-1,543sqft | Price Range AED 578K - AED 2.0M | Avg PSF 1,375 | Sales 39 | Trend — | |
Asset Class 3 Bed FlatFloors 2-27 | Inventory 11units 2 layouts · Typically 2 parking 27-29 sqm balcony | Size Range 846-1,455sqft | Price Range AED 1.8M - AED 2.4M | Avg PSF 1,673 | Sales 4 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 65,785-65,785sqft | Price Range AED 85.6M - AED 85.6M | Avg PSF 1,301 | Sales 1 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 668-1,178sqft | Price Range — | Avg PSF 5,128 | Sales 0 | Trend — | |
Asset Class ShopPodium | Inventory 5units 5 layouts · Typically 2.2 parking | Size Range 859-2,405sqft | Price Range — | Avg PSF — | Sales 0 | Trend — |
Grouped into 7 asset classes covering 581 units