THE BINARY BY OMNIYAT
ResaleDeveloperBINARY DEVELOPMENT LIMITED
CommunityBusiness Bay
AreaBusiness Bay
Started
18 years 11 months ago20-02-2007
Handover
10 years 9 months ago22-04-2015
Status
CompleteFinished
Project Description
Freehold commercial tower development in Dubai Business Bay. The building is designed as 3B+G+4P+PR+25. The tower is designed to be constructed out of concrete structure and block with 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
Rent Pricing: L12MPer Sqft / Year
AED 1,955/sqft
Range:AED 7 – AED 8K
Avg Unit:AED 37K/yr
Leasing Volume: L12MContracts Signed
Very Active3,959Total
New:1855
Renew:2104
Tenant RetentionRenewal Rate
Low7%renewals
93% new tenants7% renewals
Gross YieldAnnual Return
High Yield54.4%Yield
Rent:AED 1,955/sqft
Price:AED 3,591/sqft
Supply & Demand Matrix
THE BINARY BY OMNIYAT averaged 13% 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
26 units
7 sold19 left
27%
Velocity
Office
392 units
46 sold346 left
12%
Velocity
Layouts & Units (418)
| Property Type | Contracts (L12M) | Size Range | Rent Range (PSF) | Avg Rent/Sqft | Avg Annual | |
|---|---|---|---|---|---|---|
Property Type Officeoffice | Contracts 991 | Size Range 57-315sqft | Rent Range 7-8,219 | Avg Rent/Sqft 1,940AED | Avg Annual AED 46K | |
Property Type Shopretail | Contracts 9 | Size Range 71-6,549sqft | Rent Range 91-2,697 | Avg Rent/Sqft 1,430AED | Avg Annual AED 604K |
1,000 rental contracts grouped into 2 property types