PRIME TOWER
ResaleDeveloperSIDRA LIMITED
CommunityBusiness Bay
AreaBusiness Bay
Started
18 years 1 month ago01-12-2007
Handover
11 years 2 months ago18-11-2014
Status
CompleteFinished
Project Description
Freehold commercial tower development in Dubai Business Bay. The building is designed and constructed as 3B+G+7P+29. The tower is being constructed out of concrete structure and block with 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
Blended: Last 90Dvs Last 12M Baseline
Rising+33%Growth
Current:AED 3,546/sqft
Last 12M:AED 2,665/sqft
Momentum: Last 12Mvs Prior Year
Rising+29%Growth
Last 12M:AED 2,665/sqft
Prior Year:AED 2,068/sqft
Community Compare: Last 90DBusiness Bay
Premium+34%Above Avg
Project:AED 3,546/sqft
Community:AED 2,648/sqft
Liquidity: Last 12MExit Speed
Low8%Turnover
17Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 1,872/sqft
Range:AED 71 – AED 4K
Avg Unit:AED 103K/yr
Leasing Volume: L12MContracts Signed
Very Active502Total
New:292
Renew:210
Tenant RetentionRenewal Rate
Good42%renewals
58% new tenants42% renewals
Gross YieldAnnual Return
High Yield52.8%Yield
Rent:AED 1,872/sqft
Price:AED 3,546/sqft
Supply & Demand Matrix
PRIME TOWER averaged 8% liquidity over the last 12 months, which is considered low. 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
3 units
0 sold3 left
0%
Velocity
Office
203 units
17 sold186 left
8%
Velocity
Layouts & Units (206)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Building | Inventory 0units | Size Range 70,685-70,685sqft | Price Range — | Avg PSF 170 | Sales 0 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 758-70,685sqft | Price Range AED 106.0M - AED 106.0M | Avg PSF 3,157 | Sales 1 | Trend — | |
Asset Class OfficePodium + Floors 7-34 | Inventory 203units 37 layouts · Typically 3.9 parking | Size Range 264-12,340sqft | Price Range AED 330K - AED 15.8M | Avg PSF 1,160 | Sales 163 | Trend — | |
Asset Class ShopPodium | Inventory 3units 3 layouts · Typically 9.7 parking | Size Range 3,668-3,988sqft | Price Range AED 9.0M - AED 9.0M | Avg PSF 2,769 | Sales 1 | Trend — |
Grouped into 4 asset classes covering 206 units