SKY BAY HOTEL
ResaleDeveloperT F G REAL ESTATE L.L.C
CommunityBusiness Bay
AreaBusiness Bay
Started
9 years 9 months ago16-04-2016
Handover
4 years 10 months ago01-03-2021
Status
CompleteFinished
Project Description
Sky Bay Hotel Building (B + G + P + 16 Floors + Roof) with internal and external finishes
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Falling-16%
DeclineCurrent:AED 2,765/sqft
Last 12M:AED 3,277/sqft
Momentum: Last 12Mvs Prior Year
Rising+24%
GrowthLast 12M:AED 3,277/sqft
Prior Year:AED 2,651/sqft
Community Compare: Last 90DBusiness Bay
Premium+27%
Above AvgProject:AED 3,352/sqft
Community:AED 2,648/sqft
Liquidity: Last 12MExit Speed
Low3%Turnover
14Sold (Last 12M)
Supply & Demand Matrix
SKY BAY HOTEL averaged 3% 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
Studio
415 units
13 sold402 left
3%
Velocity
1 Bedroom
22 units
1 sold21 left
5%
Velocity
Shop
5 units
0 sold5 left
0%
Velocity
Office
7 units
0 sold7 left
0%
Velocity
Layouts & Units (449)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Building | Inventory 0units | Size Range 53,496-53,496sqft | Price Range AED 61.0M - AED 61.0M | Avg PSF 1,140 | Sales 1 | Trend — | |
Asset Class Hotel RoomsFloors 2-16 | Inventory 415units 100 layouts · Typically 1 parking 2-16 sqm balcony | Size Range 36-566sqft | Price Range AED 90K - AED 1.4M | Avg PSF 3,829 | Sales 23 | Trend — | |
Asset Class 1 Bed Hotel RoomsFloors 4-14 | Inventory 22units 10 layouts · Typically 1 parking 24-37 sqm balcony | Size Range 237-1,140sqft | Price Range AED 2.0M - AED 2.0M | Avg PSF 1,620 | Sales 1 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 5,718-5,718sqft | Price Range — | Avg PSF 5,124 | Sales 0 | Trend — | |
Asset Class OfficePodium + Floor 14 | Inventory 7units 7 layouts · Typically 2.6 parking ~139 sqm balcony | Size Range 179-2,693sqft | Price Range — | Avg PSF 1,755 | Sales 0 | Trend — | |
Asset Class ShopPodium + Floor 1 | Inventory 5units 5 layouts · Typically 3.8 parking ~238 sqm balcony | Size Range 72-5,718sqft | Price Range — | Avg PSF 2,295 | Sales 0 | Trend — |
Grouped into 6 asset classes covering 449 units