SOBHA SAPPHIRE
MatureDeveloperSOBHA VENTURES LIMITED
CommunityBusiness Bay
AreaBusiness Bay
Started
17 years 9 months ago01-04-2008
Handover
14 years 6 months ago29-06-2011
Status
CompleteFinished
Project Description
Freehold commercial tower development in Business Bay. The building is designed to be constructed as 3B+G+3P+16 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
Sales Performance
Market Sales: Last 90Dvs Last 12M Baseline
Rising+20%Growth
Current:AED 2,172/sqft
Last 12M:AED 1,807/sqft
Momentum: Last 12Mvs Prior Year
Rising+32%Growth
Last 12M:AED 1,807/sqft
Prior Year:AED 1,367/sqft
Community Compare: Last 90DBusiness Bay
Discount-18%Below Avg
Project:AED 2,172/sqft
Community:AED 2,648/sqft
Liquidity: Last 12MExit Speed
Low4%Turnover
7Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 1,373/sqft
Range:AED 10 – AED 6K
Avg Unit:AED 69K/yr
Leasing Volume: L12MContracts Signed
Very Active427Total
New:358
Renew:69
Tenant RetentionRenewal Rate
Low16%renewals
84% new tenants16% renewals
Gross YieldAnnual Return
High Yield63.2%Yield
Rent:AED 1,373/sqft
Price:AED 2,172/sqft
Supply & Demand Matrix
SOBHA SAPPHIRE averaged 4% 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
10 units
0 sold10 left
0%
Velocity
Office
162 units
7 sold155 left
4%
Velocity
Layouts & Units (172)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Land | Inventory 0units | Size Range 1,019-52,405sqft | Price Range AED 65.5M - AED 65.5M | Avg PSF 2,145 | Sales 1 | Trend — | |
Asset Class OfficeFloors 1-16 | Inventory 162units 44 layouts · Typically 1.9 parking | Size Range 518-3,285sqft | Price Range AED 264K - AED 6.3M | Avg PSF 970 | Sales 269 | Trend — | |
Asset Class ShopPodium | Inventory 10units 9 layouts · Typically 23.5 parking | Size Range 113-6,990sqft | Price Range AED 250K - AED 3.4M | Avg PSF 1,505 | Sales 7 | Trend — |
Grouped into 3 asset classes covering 172 units