Peninsula Three
HandoverDeveloperSELECT GLOBAL DEVELOPMENT L.L.C
CommunityBusiness Bay
AreaBusiness Bay
Started
3 years 7 months ago01-06-2022
Handover
7 months ago01-06-2025
Status
93% BuiltIn Progress
Project Description
1B+G+3P+46F+R,residencial.The project designed to have a concrete structure and block with internal and external finishes.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Stable+2%
GrowthCurrent:AED 2,673/sqft
Last 12M:AED 2,626/sqft
Momentum: Last 12Mvs Prior Year
Rising+6%
GrowthLast 12M:AED 2,626/sqft
Prior Year:AED 2,481/sqft
Community Compare: Last 90DBusiness Bay
At Market+1%
Above AvgProject:AED 2,673/sqft
Community:AED 2,648/sqft
Liquidity: Last 12MExit Speed
Moderate15%Turnover
125Sold (Last 12M)
Supply & Demand Matrix
Peninsula Three averaged 15% liquidity over the last 12 months, which is considered moderate. As units are handed over, early secondary market activity is emerging. Velocity will become more meaningful as the market matures.
Type
Absorption (L12M)
Velocity
Studio
224 units
41 sold183 left
18%
Velocity
1 Bedroom
491 units
63 sold428 left
13%
Velocity
2 Bedrooms
138 units
21 sold117 left
15%
Velocity
Shop
6 units
0 sold6 left
0%
Velocity
Layouts & Units (859)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatPodium + Floors 4-49 | Inventory 224units 11 layouts · Typically 1 parking 5-6 sqm balcony | Size Range 205-446sqft | Price Range AED 433K - AED 1.3M | Avg PSF 2,378 | Sales 327 | Trend — | |
Asset Class 1 Bed FlatPodium + Floors 4-49 | Inventory 491units 29 layouts · Typically 1 parking 8-9 sqm balcony | Size Range 337-828sqft | Price Range AED 734K - AED 2.0M | Avg PSF 2,175 | Sales 634 | Trend — | |
Asset Class 2 Bed FlatFloors 4-49 | Inventory 138units 9 layouts · Typically 1 parking 9-16 sqm balcony | Size Range 923-1,081sqft | Price Range AED 1.4M - AED 2.9M | Avg PSF 2,230 | Sales 173 | Trend — | |
Asset Class ShopPodium | Inventory 6units 6 layouts · Typically 1.8 parking 48-120 sqm balcony | Size Range 851-2,352sqft | Price Range — | Avg PSF — | Sales 0 | Trend — |
Grouped into 4 asset classes covering 859 units