PRIVE BY DAMAC
ResaleDeveloperNAMAA PROPERTIES DEVELOPMENT L.L.C
CommunityBusiness Bay
AreaBusiness Bay
Started
12 years 1 month ago21-12-2013
Handover
6 years 4 months ago25-09-2019
Status
CompleteFinished
Project Description
Project consists of two towers with a common podium located in Business Bay . The buildings configuration is B+G+3P+32x2 and type of the building is Serviced Apartments. The buildings is designed to have a concrete structure and block with internal and external finishes.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Stable0%
GrowthCurrent:AED 2,270/sqft
Last 12M:AED 2,267/sqft
Momentum: Last 12Mvs Prior Year
Stable-2%
DeclineLast 12M:AED 2,267/sqft
Prior Year:AED 2,307/sqft
Community Compare: Last 90DBusiness Bay
Discount-14%
Below AvgProject:AED 2,270/sqft
Community:AED 2,648/sqft
Liquidity: Last 12MExit Speed
Moderate10%Turnover
105Sold (Last 12M)
Supply & Demand Matrix
PRIVE BY DAMAC averaged 10% 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
786 units
78 sold708 left
10%
Velocity
1 Bedroom
184 units
16 sold168 left
9%
Velocity
2 Bedrooms
74 units
11 sold63 left
15%
Velocity
Shop
11 units
0 sold11 left
0%
Velocity
Layouts & Units (1,056)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 1-32 | Inventory 744units 51 layouts · Typically 0.8 parking 2-26 sqm balcony | Size Range 105-1,033sqft | Price Range AED 300K - AED 1.3M | Avg PSF 2,179 | Sales 411 | Trend — | |
Asset Class 1 Bed FlatFloors 1-32 | Inventory 183units 25 layouts · Typically 1 parking 4-37 sqm balcony | Size Range 491-1,219sqft | Price Range AED 80K - AED 1.9M | Avg PSF 1,849 | Sales 58 | Trend — | |
Asset Class 2 Bed FlatFloors 1-32 | Inventory 73units 9 layouts · Typically 1.7 parking 6-68 sqm balcony | Size Range 1,190-1,858sqft | Price Range AED 1.8M - AED 3.2M | Avg PSF 1,944 | Sales 33 | Trend — | |
Asset Class 49 Bed GymnasiumFloor 1 | Inventory 1units | Size Range 1,721-1,721sqft | Price Range — | Avg PSF — | Sales 0 | Trend — | |
Asset Class 1 Bed Hotel ApartmentFloor 7 | Inventory 1units~5 sqm balcony | Size Range 893-896sqft | Price Range — | Avg PSF 2,352 | Sales 0 | Trend — | |
Asset Class Hotel ApartmentFloors 1-30 | Inventory 42units 20 layouts · Typically 0.9 parking 4-14 sqm balcony | Size Range 341-921sqft | Price Range AED 720K - AED 1.1M | Avg PSF 2,279 | Sales 19 | Trend — | |
Asset Class 2 Bed Hotel ApartmentFloor 14 | Inventory 1units Typically 1 parking ~12 sqm balcony | Size Range 1,268-1,268sqft | Price Range — | Avg PSF 2,449 | Sales 0 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 419-132,398sqft | Price Range AED 132.4M - AED 132.4M | Avg PSF 1,619 | Sales 1 | Trend — | |
Asset Class ShopPodium + Floor 1 | Inventory 11units 11 layouts · Typically 0.3 parking | Size Range 1,267-8,139sqft | Price Range — | Avg PSF 2,633 | Sales 0 | Trend — |
Grouped into 9 asset classes covering 1,056 units