THE STERLING WEST HOUSE
ResaleDeveloperOMNIYAT PROPERTIES SEVENTEEN LIMITED
CommunityBusiness Bay
AreaBusiness Bay
Started
17 years ago21-01-2009
Handover
2 years 8 months ago24-05-2023
Status
CompleteFinished
Project Description
PROJECT CONSISTS OF (2B+G+4P+21+2R)X 1 RESIDENTIAL BUILDING AND (2B+G+3+R) X 7 TOWNHOUSES LOCATED IN BUSINESS BAY. THE APARTMENTS ARE DESIGNED TO HAVE A CONCRETE STRUCTURE AND BLOCK WITH INTERNAL AND EXTERNAL FINISHES.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Stable0%
GrowthCurrent:AED 2,213/sqft
Last 12M:AED 2,214/sqft
Momentum: Last 12Mvs Prior Year
Rising+3%
GrowthLast 12M:AED 2,214/sqft
Prior Year:AED 2,141/sqft
Community Compare: Last 90DBusiness Bay
Discount-16%
Below AvgProject:AED 2,213/sqft
Community:AED 2,648/sqft
Liquidity: Last 12MExit Speed
Low9%Turnover
26Sold (Last 12M)
Supply & Demand Matrix
THE STERLING WEST HOUSE 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
Studio
31 units
3 sold28 left
10%
Velocity
1 Bedroom
98 units
17 sold81 left
17%
Velocity
2 Bedrooms
34 units
5 sold29 left
15%
Velocity
3 Bedrooms
11 units
1 sold10 left
9%
Velocity
4 Bedrooms
12 units
0 sold12 left
0%
Velocity
Shop
15 units
0 sold15 left
0%
Velocity
Office
59 units
0 sold59 left
0%
Velocity
Store
27 units
0 sold27 left
0%
Velocity
Layouts & Units (287)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 1-20 | Inventory 31units 19 layouts · Typically 1 parking 5-11 sqm balcony | Size Range 393-1,803sqft | Price Range AED 925K - AED 1.4M | Avg PSF 1,937 | Sales 11 | Trend — | |
Asset Class 1 Bed FlatFloors 1-20 | Inventory 98units 47 layouts · Typically 1 parking 10-37 sqm balcony | Size Range 494-1,741sqft | Price Range AED 1.4M - AED 2.8M | Avg PSF 1,874 | Sales 47 | Trend — | |
Asset Class 2 Bed FlatFloors 4-23 | Inventory 34units 13 layouts · Typically 1 parking 12-22 sqm balcony | Size Range 1,123-2,202sqft | Price Range AED 2.1M - AED 3.8M | Avg PSF 1,797 | Sales 14 | Trend — | |
Asset Class 3 Bed FlatFloors 18-24 | Inventory 11units 8 layouts · Typically 2.1 parking 16-27 sqm balcony | Size Range 1,002-2,310sqft | Price Range AED 3.4M - AED 6.0M | Avg PSF 2,779 | Sales 6 | Trend — | |
Asset Class 4 Bed FlatPodium + Floors 21-24 | Inventory 12units 11 layouts · Typically 2.3 parking 13-77 sqm balcony | Size Range 772-6,631sqft | Price Range AED 5.3M - AED 14.4M | Avg PSF 1,839 | Sales 4 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 974-51,036sqft | Price Range AED 63.8M - AED 63.8M | Avg PSF 2,257 | Sales 1 | Trend — | |
Asset Class OfficeFloors 5-21 | Inventory 59units 13 layouts · Typically 1 parking 189-743 sqm balcony | Size Range 2,029-8,000sqft | Price Range — | Avg PSF 2,170 | Sales 0 | Trend — | |
Asset Class ShopPodium + Floor 4 | Inventory 15units 11 layouts · Typically 1.1 parking 332-2048 sqm balcony | Size Range 702-22,042sqft | Price Range — | Avg PSF 1,814 | Sales 0 | Trend — | |
Asset Class 61 Bed StorePodium | Inventory 27units Typically 1 parking | Size Range 20-20sqft | Price Range — | Avg PSF — | Sales 0 | Trend — |
Grouped into 9 asset classes covering 287 units