THE EXCHANGE
ResaleCommunityBusiness Bay
AreaBusiness Bay
Started
18 years 4 months ago01-09-2007
Handover
10 years 2 months ago27-10-2015
Status
CompleteFinished
Project Description
Freehold commercial tower development in Dubai Business Bay. The building is designed as 3B+G+3P+28. 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 ?shell and core? to be individually fitted by their respective owners.
Performance Alpha
Rent Pricing: L12MPer Sqft / Year
AED 1,255/sqft
Range:AED 10 – AED 3K
Avg Unit:AED 37K/yr
Leasing Volume: L12MContracts Signed
Very Active1,199Total
New:1099
Renew:100
Tenant RetentionRenewal Rate
Low8%renewals
92% new tenants8% renewals
Gross YieldAnnual Return
High Yield57.4%Yield
Rent:AED 1,255/sqft
Price:AED 2,188/sqft
Supply & Demand Matrix
THE EXCHANGE averaged 9% 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
9 units
0 sold9 left
0%
Velocity
Office
179 units
16 sold163 left
9%
Velocity
Layouts & Units (188)
| Property Type | Contracts (L12M) | Size Range | Rent Range (PSF) | Avg Rent/Sqft | Avg Annual | |
|---|---|---|---|---|---|---|
Property Type Officeoffice | Contracts 991 | Size Range 68-266sqft | Rent Range 10-3,481 | Avg Rent/Sqft 1,259AED | Avg Annual AED 37K | |
Property Type Shopretail | Contracts 8 | Size Range 55-185sqft | Rent Range 1,084-2,091 | Avg Rent/Sqft 1,538AED | Avg Annual AED 184K | |
Property Type Clinichealthcare | Contracts 1 | Size Range 188-188sqft | Rent Range 27-27 | Avg Rent/Sqft 27AED | Avg Annual AED 5K |
1,000 rental contracts grouped into 3 property types