SOL BAY
MatureDeveloperS O L PROPERTIES DEVELOPMENT L.L.C
CommunityBusiness Bay
AreaBusiness Bay
Started
11 years ago15-01-2015
Handover
5 years 11 months ago11-02-2020
Status
CompleteFinished
Project Description
MIXED USE BUILDING Commercial /Offices /Residential (3B+G+2P+17F+R) DEVELOPMENT, LOCATED IN BUSINESS BAY. THE APARTMENTS ARE DESIGNED TO HAVE A CONCRETE STRUCTURE AND BLOCK WITH INTERNAL AND EXTERNAL FINISHES.
Performance Alpha
Sales Performance
Market Sales: Last 90Dvs Last 12M Baseline
Falling-8%Decline
Current:AED 2,381/sqft
Last 12M:AED 2,587/sqft
Momentum: Last 12Mvs Prior Year
Rising+34%Growth
Last 12M:AED 2,587/sqft
Prior Year:AED 1,924/sqft
Community Compare: Last 90DBusiness Bay
Discount-10%Below Avg
Project:AED 2,381/sqft
Community:AED 2,648/sqft
Liquidity: Last 12MExit Speed
Moderate12%Turnover
38Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 1,304/sqft
Range:AED 162 – AED 3K
Avg Unit:AED 95K/yr
Leasing Volume: L12MContracts Signed
Very Active221Total
New:149
Renew:72
Tenant RetentionRenewal Rate
Fair33%renewals
67% new tenants33% renewals
Gross YieldAnnual Return
High Yield54.8%Yield
Rent:AED 1,304/sqft
Price:AED 2,381/sqft
Supply & Demand Matrix
SOL BAY 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
Studio
98 units
6 sold92 left
6%
Velocity
1 Bedroom
170 units
16 sold154 left
9%
Velocity
2 Bedrooms
17 units
0 sold17 left
0%
Velocity
Shop
8 units
7 sold1 left
88%
Velocity
Office
32 units
9 sold23 left
28%
Velocity
Layouts & Units (325)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 3-19 | Inventory 98units 18 layouts · Typically 1 parking 5-28 sqm balcony | Size Range 492-741sqft | Price Range AED 500K - AED 1.5M | Avg PSF 1,583 | Sales 110 | Trend — | |
Asset Class 1 Bed FlatFloors 3-19 | Inventory 170units 42 layouts · Typically 1 parking 12-61 sqm balcony | Size Range 212-1,456sqft | Price Range AED 500K - AED 2.1M | Avg PSF 1,479 | Sales 166 | Trend — | |
Asset Class 2 Bed FlatFloors 3-19 | Inventory 17units 3 layouts · Typically 2 parking 22-23 sqm balcony | Size Range 1,464-1,480sqft | Price Range AED 1.4M - AED 3.0M | Avg PSF 1,405 | Sales 17 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 907-56,492sqft | Price Range AED 60.0M - AED 63.6M | Avg PSF 34,386 | Sales 2 | Trend — | |
Asset Class OfficeFloors 1-2 | Inventory 32units 16 layouts · Typically 3.5 parking 5-27 sqm balcony | Size Range 649-2,430sqft | Price Range AED 659K - AED 6.8M | Avg PSF 1,520 | Sales 38 | Trend — | |
Asset Class ShopPodium | Inventory 8units 8 layouts · Typically 2.9 parking | Size Range 699-2,744sqft | Price Range AED 2.8M - AED 11.0M | Avg PSF 4,224 | Sales 7 | Trend — |
Grouped into 6 asset classes covering 325 units