Peninsula Two
HandoverDeveloperSELECT GLOBAL DEVELOPMENT L.L.C
CommunityBusiness Bay
AreaBusiness Bay
Started
4 years 2 months ago01-11-2021
Handover
1 year 4 months ago01-09-2024
Status
96% BuiltIn Progress
Project Description
3B+G+34F+1MECH+R,Residential+Retail.The project designed to have a concrete structure and block with internal and external finishes.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Stable0%
GrowthCurrent:AED 2,625/sqft
Last 12M:AED 2,623/sqft
Momentum: Last 12Mvs Prior Year
Rising+8%
GrowthLast 12M:AED 2,623/sqft
Prior Year:AED 2,426/sqft
Community Compare: Last 90DBusiness Bay
At Market-1%
Below AvgProject:AED 2,625/sqft
Community:AED 2,648/sqft
Liquidity: Last 12MExit Speed
High25%Turnover
116Sold (Last 12M)
Supply & Demand Matrix
Peninsula Two averaged 25% liquidity over the last 12 months, which is considered high. 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
189 units
51 sold138 left
27%
Velocity
1 Bedroom
157 units
37 sold120 left
24%
Velocity
2 Bedrooms
93 units
28 sold65 left
30%
Velocity
Shop
23 units
0 sold23 left
0%
Velocity
Layouts & Units (462)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 2-35 | Inventory 189units 20 layouts · Typically 1 parking 6-8 sqm balcony | Size Range 209-452sqft | Price Range AED 385K - AED 1.3M | Avg PSF 2,155 | Sales 339 | Trend — | |
Asset Class 1 Bed FlatFloors 2-35 | Inventory 157units 21 layouts · Typically 1 parking 6-9 sqm balcony | Size Range 318-690sqft | Price Range AED 615K - AED 1.8M | Avg PSF 2,023 | Sales 253 | Trend — | |
Asset Class 2 Bed FlatFloors 3-35 | Inventory 93units 12 layouts · Typically 1 parking 6-12 sqm balcony | Size Range 904-965sqft | Price Range AED 1.4M - AED 2.6M | Avg PSF 1,954 | Sales 159 | Trend — | |
Asset Class ShopPodium + Floor 1 | Inventory 23units 21 layouts · Typically 1 parking | Size Range 533-20,960sqft | Price Range — | Avg PSF — | Sales 0 | Trend — |
Grouped into 4 asset classes covering 462 units