TAMANI ARTS OFFICES
ResaleDeveloperTHE DEVELOPER PROPERTIES L.L.C
CommunityBusiness Bay
AreaBusiness Bay
Started
17 years 2 months ago29-10-2008
Handover
8 years 10 months ago26-02-2017
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
Blended: Last 90Dvs Last 12M Baseline
Rising+11%Growth
Current:AED 2,270/sqft
Last 12M:AED 2,042/sqft
Momentum: Last 12Mvs Prior Year
Rising+15%Growth
Last 12M:AED 2,042/sqft
Prior Year:AED 1,781/sqft
Community Compare: Last 90DBusiness Bay
Discount-13%Below Avg
Project:AED 2,294/sqft
Community:AED 2,648/sqft
Liquidity: Last 12MExit Speed
Moderate12%Turnover
112Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 1,972/sqft
Range:AED 10 – AED 13K
Avg Unit:AED 74K/yr
Leasing Volume: L12MContracts Signed
Very Active876Total
New:585
Renew:291
Tenant RetentionRenewal Rate
Fair33%renewals
67% new tenants33% renewals
Gross YieldAnnual Return
High Yield86.9%Yield
Rent:AED 1,972/sqft
Price:AED 2,270/sqft
Supply & Demand Matrix
TAMANI ARTS OFFICES 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
Shop
13 units
1 sold12 left
8%
Velocity
Office
956 units
111 sold845 left
12%
Velocity
Layouts & Units (969)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Land | Inventory 0units | Size Range 314-101,184sqft | Price Range AED 108.5M - AED 108.5M | Avg PSF 4,195 | Sales 1 | Trend — | |
Asset Class OfficeFloors 5-20 | Inventory 956units 29 layouts · Typically 1.3 parking | Size Range 57-900sqft | Price Range AED 75K - AED 1.7M | Avg PSF 1,615 | Sales 1031 | Trend — | |
Asset Class ShopPodium | Inventory 13units 13 layouts · Typically 3.5 parking | Size Range 594-5,655sqft | Price Range AED 893K - AED 8.5M | Avg PSF 1,512 | Sales 14 | Trend — |
Grouped into 3 asset classes covering 969 units