UPSIDE Living
MatureDeveloperSRG REAL ESTATE DEVELOPER L.L.C
CommunityBusiness Bay
AreaBusiness Bay
Started
7 years ago31-12-2018
Handover
2 years 10 months ago28-02-2023
Status
CompleteFinished
Project Description
One Building (Residential & Retails) Contains: 1B+G+29F+R+1UR
Performance Alpha
Sales Performance
Market Sales: Last 90Dvs Last 12M Baseline
Falling-25%Decline
Current:AED 1,865/sqft
Last 12M:AED 2,490/sqft
Momentum: Last 12Mvs Prior Year
Falling-14%Decline
Last 12M:AED 2,490/sqft
Prior Year:AED 2,881/sqft
Community Compare: Last 90DBusiness Bay
Discount-9%Below Avg
Project:AED 2,416/sqft
Community:AED 2,648/sqft
Liquidity: Last 12MExit Speed
Moderate14%Turnover
75Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 2,230/sqft
Range:AED 1K – AED 4K
Avg Unit:AED 103K/yr
Leasing Volume: L12MContracts Signed
Very Active341Total
New:260
Renew:81
Tenant RetentionRenewal Rate
Fair24%renewals
76% new tenants24% renewals
Gross YieldAnnual Return
High Yield119.6%Yield
Rent:AED 2,230/sqft
Price:AED 1,865/sqft
Supply & Demand Matrix
UPSIDE Living averaged 14% 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
413 units
54 sold359 left
13%
Velocity
1 Bedroom
111 units
21 sold90 left
19%
Velocity
Shop
3 units
0 sold3 left
0%
Velocity
Layouts & Units (527)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 4-29 | Inventory 413units 26 layouts · Typically 1 parking 7-12 sqm balcony | Size Range 374-578sqft | Price Range AED 12K - AED 1.8M | Avg PSF 2,858 | Sales 154 | Trend — | |
Asset Class 1 Bed FlatFloors 4-29 | Inventory 111units 5 layouts · Typically 1 parking 10-13 sqm balcony | Size Range 570-657sqft | Price Range AED 1.4M - AED 2.2M | Avg PSF 2,786 | Sales 43 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 88,311-88,311sqft | Price Range — | Avg PSF 850 | Sales 0 | Trend — | |
Asset Class ShopPodium | Inventory 3units 3 layouts · Typically 1 parking | Size Range 386-8,090sqft | Price Range — | Avg PSF — | Sales 0 | Trend — |
Grouped into 4 asset classes covering 527 units