THE RESIDENCE AT BUSINESS CENTRAL
MatureDeveloperDAMAC STAR PROPERTIES (L L C)
CommunityBusiness Bay
AreaBusiness Bay
Started
15 years 9 months ago01-04-2010
Handover
12 years 11 months ago05-02-2013
Status
CompleteFinished
Project Description
Freehold residential building in Dubai Business Bay. The building is designed as B+G+3P+19. The building is designed to be constructed out of concrete structure and block with internal and external finishes.
Performance Alpha
Market Sales: Last 90Dvs Last 12M Baseline
Falling-4%
DeclineCurrent:AED 1,443/sqft
Last 12M:AED 1,502/sqft
Momentum: Last 12Mvs Prior Year
Rising+3%
GrowthLast 12M:AED 1,502/sqft
Prior Year:AED 1,457/sqft
Community Compare: Last 90DBusiness Bay
Discount-46%
Below AvgProject:AED 1,443/sqft
Community:AED 2,648/sqft
Liquidity: Last 12MExit Speed
Low8%Turnover
18Sold (Last 12M)
Supply & Demand Matrix
THE RESIDENCE AT BUSINESS CENTRAL averaged 8% 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
1 Bedroom
142 units
16 sold126 left
11%
Velocity
2 Bedrooms
60 units
2 sold58 left
3%
Velocity
3 Bedrooms
9 units
0 sold9 left
0%
Velocity
Shop
17 units
0 sold17 left
0%
Velocity
Layouts & Units (228)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class 1 Bed FlatFloors 4-22 | Inventory 142units 40 layouts · Typically 1 parking 5-95 sqm balcony | Size Range 364-1,879sqft | Price Range AED 500K - AED 2.3M | Avg PSF 1,194 | Sales 243 | Trend — | |
Asset Class 2 Bed FlatFloors 4-22 | Inventory 60units 14 layouts · Typically 1 parking 6-56 sqm balcony | Size Range 664-1,867sqft | Price Range AED 700K - AED 2.8M | Avg PSF 1,339 | Sales 95 | Trend — | |
Asset Class 3 Bed FlatFloors 4-12 | Inventory 9units 3 layouts · Typically 1.1 parking 8-84 sqm balcony | Size Range 1,769-2,603sqft | Price Range AED 1.6M - AED 3.0M | Avg PSF 1,348 | Sales 13 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 63,952-63,952sqft | Price Range — | Avg PSF 1,294 | Sales 0 | Trend — | |
Asset Class Shop | Inventory 17units 16 layouts · Typically 1 parking | Size Range 661-1,875sqft | Price Range AED 760K - AED 1.8M | Avg PSF 1,169 | Sales 14 | Trend — |
Grouped into 5 asset classes covering 228 units