PARK LANE TOWER
ResaleDeveloperTHE DEVELOPER PROPERTIES L.L.C
CommunityBusiness Bay
AreaBusiness Bay
Started
18 years 4 months ago02-09-2007
Handover
9 years 10 months ago08-03-2016
Status
CompleteFinished
Project Description
Freehold commercial tower development in Business Bay. The building is designed to be constructed as 2B+G+3P+30(office and Hotel) formed in a concrete structure with its internal and external finishes. The office and hotel units will be handed over as ?core and shell? to be individually fitted by their respective owners.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Rising+8%
GrowthCurrent:AED 1,812/sqft
Last 12M:AED 1,678/sqft
Momentum: Last 12Mvs Prior Year
Rising+6%
GrowthLast 12M:AED 1,678/sqft
Prior Year:AED 1,587/sqft
Community Compare: Last 90DBusiness Bay
Discount-32%
Below AvgProject:AED 1,812/sqft
Community:AED 2,648/sqft
Liquidity: Last 12MExit Speed
Moderate14%Turnover
84Sold (Last 12M)
Supply & Demand Matrix
PARK LANE TOWER averaged 14% 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
208 units
10 sold198 left
5%
Velocity
Shop
7 units
0 sold7 left
0%
Velocity
Office
389 units
74 sold315 left
19%
Velocity
Layouts & Units (604)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Hotel RoomsFloors 23-30 | Inventory 208units 42 layouts · Typically 1 parking | Size Range 293-763sqft | Price Range AED 152K - AED 1.3M | Avg PSF 1,391 | Sales 82 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 369-68,261sqft | Price Range AED 73.0M - AED 92.2M | Avg PSF 19,854 | Sales 2 | Trend — | |
Asset Class OfficeFloors 5-32 | Inventory 389units 227 layouts · Typically 1.1 parking 41-53 sqm balcony | Size Range 77-1,676sqft | Price Range AED 77K - AED 3.5M | Avg PSF 1,550 | Sales 399 | Trend — | |
Asset Class ShopPodium | Inventory 7units 7 layouts · Typically 8.9 parking | Size Range 389-8,842sqft | Price Range AED 249K - AED 6.1M | Avg PSF 867 | Sales 14 | Trend — |
Grouped into 4 asset classes covering 604 units