THE COURT
ResaleCommunityBusiness Bay
AreaBusiness Bay
Started
17 years 6 months ago15-07-2008
Handover
4 years 9 months ago31-03-2021
Status
CompleteFinished
Project Description
Commercial+Residential tower in Business Bay area with 5B + G + 3P + 30 + ROOFو TYPICAL Floors project proposed to be concrete structure with internal and external finishes and offices are shell & core type. 23rd to 30th floors are residential floors.
Performance Alpha
Sales Performance
Blended: Last 90Dvs Last 12M Baseline
Rising+17%Growth
Current:AED 2,089/sqft
Last 12M:AED 1,788/sqft
Momentum: Last 12Mvs Prior Year
Rising+11%Growth
Last 12M:AED 1,788/sqft
Prior Year:AED 1,611/sqft
Community Compare: Last 90DBusiness Bay
Discount-21%Below Avg
Project:AED 2,089/sqft
Community:AED 2,648/sqft
Liquidity: Last 12MExit Speed
Moderate19%Turnover
52Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 1,627/sqft
Range:AED 4 – AED 5K
Avg Unit:AED 53K/yr
Leasing Volume: L12MContracts Signed
Very Active859Total
New:829
Renew:30
Tenant RetentionRenewal Rate
Low3%renewals
97% new tenants3% renewals
Gross YieldAnnual Return
High Yield77.9%Yield
Rent:AED 1,627/sqft
Price:AED 2,089/sqft
Supply & Demand Matrix
THE COURT averaged 19% 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
96 units
6 sold90 left
6%
Velocity
1 Bedroom
48 units
4 sold44 left
8%
Velocity
Shop
5 units
0 sold5 left
0%
Velocity
Office
122 units
42 sold80 left
34%
Velocity
Layouts & Units (271)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 23-30 | Inventory 96units 46 layouts · Typically 2.7 parking | Size Range 313-1,166sqft | Price Range AED 560K - AED 1.1M | Avg PSF 1,305 | Sales 32 | Trend — | |
Asset Class 1 Bed FlatFloors 23-30 | Inventory 48units 27 layouts · Typically 1 parking | Size Range 674-1,034sqft | Price Range AED 1.0M - AED 1.8M | Avg PSF 1,249 | Sales 24 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 2,082-55,242sqft | Price Range AED 94.5M - AED 94.5M | Avg PSF 5,520 | Sales 1 | Trend — | |
Asset Class OfficeFloors 1-22 | Inventory 122units 92 layouts · Typically 4 parking | Size Range 733-5,284sqft | Price Range AED 700K - AED 6.5M | Avg PSF 1,188 | Sales 93 | Trend — | |
Asset Class ShopPodium | Inventory 5units 5 layouts · Typically 2.4 parking | Size Range 653-2,052sqft | Price Range — | Avg PSF — | Sales 0 | Trend — |
Grouped into 5 asset classes covering 271 units