REVA RESIDENCES

Resale

DeveloperDAMAC WORLD REAL ESTATE L.L.C

CommunityBusiness Bay

AreaBusiness Bay

Started

7 years 9 months ago15-04-2018

Handover

3 years 6 months ago30-06-2022

Status

CompleteFinished

Project Description

Project consists of a B+G+3P+26+R , tower of residential units.It is designed to have a concrete structure and block with internal and external finishes.

Performance Alpha

Blended: Last 90Dvs Last 12M Baseline

Falling

-3%

Decline

Current:AED 1,868/sqft

Last 12M:AED 1,935/sqft

Momentum: Last 12Mvs Prior Year

Stable

-1%

Decline

Last 12M:AED 1,935/sqft

Prior Year:AED 1,954/sqft

Community Compare: Last 90DBusiness Bay

Discount

-29%

Below Avg

Project:AED 1,868/sqft

Community:AED 2,648/sqft

Liquidity: Last 12MExit Speed

Moderate

12%Turnover

75Sold (Last 12M)

Supply & Demand Matrix

REVA RESIDENCES averaged 12% 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

1 Bedroom

470 units

55 sold415 left

12%

Velocity

2 Bedrooms

130 units

20 sold110 left

15%

Velocity

Shop

4 units

0 sold4 left

Velocity

Layouts & Units (604)

Asset Class	Inventory	Size Range	Price Range	Avg PSF	Sales	Trend
Asset Class 1 Bed FlatFloors 1-27	Inventory 470units 41 layouts · Typically 1 parking 11-38 sqm balcony	Size Range 7-958sqft	Price Range AED 32K - AED 1.3M	Avg PSF 1,738	Sales 246	Trend —

Asset Class 2 Bed FlatFloors 1-27	Inventory 130units 14 layouts · Typically 1 parking 22-44 sqm balcony	Size Range 453-1,817sqft	Price Range AED 16K - AED 2.1M	Avg PSF 1,420	Sales 66	Trend —

Asset Class Building	Inventory 0units	Size Range 66,606-66,606sqft	Price Range AED 22.2M - AED 89.9M	Avg PSF 850	Sales 2	Trend —

Asset Class ShopPodium	Inventory 4units 4 layouts	Size Range 849-1,023sqft	Price Range AED 2.4M - AED 2.4M	Avg PSF 2,801	Sales 1	Trend —

Grouped into 4 asset classes covering 604 units