SOBHA IVORY - II
MatureDeveloperSOBHA PROPERTIES LIMITED
CommunityBusiness Bay
AreaBusiness Bay
Started
18 years 6 months ago25-07-2007
Handover
15 years ago30-12-2010
Status
CompleteFinished
Project Description
Freehold commercial tower development in Business Bay. The building is designed to be constructed as 3B+G+3P+12 formed in a concrete structure with its 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
Market Sales: Last 90Dvs Last 12M Baseline
Stable+2%
GrowthCurrent:AED 1,524/sqft
Last 12M:AED 1,498/sqft
Momentum: Last 12Mvs Prior Year
Rising+42%
GrowthLast 12M:AED 1,498/sqft
Prior Year:AED 1,057/sqft
Community Compare: Last 90DBusiness Bay
Discount-42%
Below AvgProject:AED 1,524/sqft
Community:AED 2,648/sqft
Liquidity: Last 12MExit Speed
Low3%Turnover
3Sold (Last 12M)
Supply & Demand Matrix
SOBHA IVORY - II 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
Shop
8 units
0 sold8 left
0%
Velocity
Office
84 units
3 sold81 left
4%
Velocity
Layouts & Units (92)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Land | Inventory 0units | Size Range 1,350-32,292sqft | Price Range AED 32.3M - AED 32.3M | Avg PSF 4,203 | Sales 1 | Trend — | |
Asset Class OfficeFloors 1-12 | Inventory 84units 7 layouts · Typically 3 parking | Size Range 276-1,490sqft | Price Range AED 200K - AED 3.7M | Avg PSF 948 | Sales 149 | Trend — | |
Asset Class ShopFloor 0 | Inventory 8units 8 layouts · Typically 2 parking | Size Range 812-2,016sqft | Price Range AED 1.8M - AED 4.5M | Avg PSF 2,094 | Sales 8 | Trend — |
Grouped into 3 asset classes covering 92 units