OPAL TOWER
MatureCommunityBusiness Bay
AreaBusiness Bay
Started
16 years 2 months ago07-11-2009
Handover
13 years 1 month ago26-11-2012
Status
CompleteFinished
Project Description
Freehold commercial tower development in Business Bay. The building is designed to be constructed as 4B+G+3P+20 formed in a concrete structure with its internal and external finishes. The office units will be handed over as ?core and shell? to be individually fitted by their respective owners.
Performance Alpha
Sales Performance
Market Sales: Last 90Dvs Last 12M Baseline
Rising+20%Growth
Current:AED 2,176/sqft
Last 12M:AED 1,818/sqft
Momentum: Last 12Mvs Prior Year
Rising+29%Growth
Last 12M:AED 1,818/sqft
Prior Year:AED 1,408/sqft
Community Compare: Last 90DBusiness Bay
Discount-18%Below Avg
Project:AED 2,176/sqft
Community:AED 2,648/sqft
Liquidity: Last 12MExit Speed
Moderate16%Turnover
33Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 1,443/sqft
Range:AED 40 – AED 4K
Avg Unit:AED 77K/yr
Leasing Volume: L12MContracts Signed
Very Active535Total
New:395
Renew:140
Tenant RetentionRenewal Rate
Fair26%renewals
74% new tenants26% renewals
Gross YieldAnnual Return
High Yield66.3%Yield
Rent:AED 1,443/sqft
Price:AED 2,176/sqft
Supply & Demand Matrix
OPAL TOWER averaged 16% 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
Shop
6 units
0 sold6 left
0%
Velocity
Office
200 units
33 sold167 left
17%
Velocity
Layouts & Units (206)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Land | Inventory 0units | Size Range 1,343-65,850sqft | Price Range AED 88.9M - AED 88.9M | Avg PSF 13,391 | Sales 1 | Trend — | |
Asset Class OfficeFloors 1-20 | Inventory 200units 12 layouts · Typically 1.5 parking ~13 sqm balcony | Size Range 241-2,205sqft | Price Range AED 549K - AED 5.5M | Avg PSF 1,287 | Sales 241 | Trend — | |
Asset Class ShopPodium | Inventory 6units 6 layouts · Typically 2 parking | Size Range 666-2,098sqft | Price Range AED 1.7M - AED 5.2M | Avg PSF 2,500 | Sales 6 | Trend — |
Grouped into 3 asset classes covering 206 units