SAFEER TOWER 2
ResaleDeveloperALSEEB REAL ESTATE DEVELOPMENT L.L.C
CommunityBusiness Bay
AreaBusiness Bay
Started
11 years 10 months ago01-03-2014
Handover
8 years 4 months ago29-08-2017
Status
CompleteFinished
Project Description
Residential building consists of 2B + G + P + 15, located in BUSINESS BAY region. The project is designed as a concrete structure with internal & external finishes.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Rising+9%
GrowthCurrent:AED 1,476/sqft
Last 12M:AED 1,354/sqft
Momentum: Last 12Mvs Prior Year
Rising+12%
GrowthLast 12M:AED 1,354/sqft
Prior Year:AED 1,208/sqft
Community Compare: Last 90DBusiness Bay
Discount-44%
Below AvgProject:AED 1,476/sqft
Community:AED 2,648/sqft
Liquidity: Last 12MExit Speed
Moderate15%Turnover
28Sold (Last 12M)
Supply & Demand Matrix
SAFEER TOWER 2 averaged 15% 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
102 units
23 sold79 left
23%
Velocity
1 Bedroom
54 units
4 sold50 left
7%
Velocity
2 Bedrooms
20 units
1 sold19 left
5%
Velocity
4 Bedrooms
2 units
0 sold2 left
0%
Velocity
Shop
7 units
0 sold7 left
0%
Velocity
Layouts & Units (185)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 1-9 | Inventory 102units 14 layouts · Typically 1 parking 4-6 sqm balcony | Size Range 242-491sqft | Price Range AED 290K - AED 879K | Avg PSF 1,445 | Sales 46 | Trend — | |
Asset Class 1 Bed FlatFloors 1-14 | Inventory 54units 8 layouts · Typically 1 parking 5-18 sqm balcony | Size Range 613-1,029sqft | Price Range AED 527K - AED 1.3M | Avg PSF 897 | Sales 31 | Trend — | |
Asset Class 2 Bed FlatFloors 10-14 | Inventory 20units 3 layouts · Typically 1 parking 9-23 sqm balcony | Size Range 1,465-1,618sqft | Price Range AED 880K - AED 1.6M | Avg PSF 817 | Sales 13 | Trend — | |
Asset Class 4 Bed FlatFloor 15 | Inventory 2units 2 layouts · Typically 3 parking ~75 sqm balcony | Size Range 4,856-4,988sqft | Price Range AED 3.5M - AED 6.0M | Avg PSF 808 | Sales 3 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 39,519-39,519sqft | Price Range AED 36.4M - AED 39.5M | Avg PSF 960 | Sales 2 | Trend — | |
Asset Class ShopPodium | Inventory 7units 6 layouts · Typically 2 parking | Size Range 544-2,595sqft | Price Range AED 730K - AED 3.5M | Avg PSF 1,250 | Sales 5 | Trend — |
Grouped into 6 asset classes covering 185 units