VERA TOWER
ResaleDeveloperDAMAC WORLD REAL ESTATE L.L.C
CommunityBusiness Bay
AreaBusiness Bay
Started
9 years 1 month ago15-12-2016
Handover
3 years 9 months ago31-03-2022
Status
CompleteFinished
Project Description
PROJECT CONFIGRATION IS B+G+3P+25+R , RESIDENTIAL BUILDING WITH RETAIL UNITS ON THE GROUND FLOOR. THE UNITS ARE DESIGNED TO HAVE A RAINFORCED CONCRETE STRUCTURE WITH INTERNAL AND EXTERNAL FINISHES.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Stable-1%
DeclineCurrent:AED 2,072/sqft
Last 12M:AED 2,098/sqft
Momentum: Last 12Mvs Prior Year
Rising+3%
GrowthLast 12M:AED 2,098/sqft
Prior Year:AED 2,046/sqft
Community Compare: Last 90DBusiness Bay
Discount-21%
Below AvgProject:AED 2,091/sqft
Community:AED 2,648/sqft
Liquidity: Last 12MExit Speed
Low7%Turnover
37Sold (Last 12M)
Supply & Demand Matrix
VERA TOWER averaged 7% 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
4 units
3 sold1 left
75%
Velocity
1 Bedroom
293 units
21 sold272 left
7%
Velocity
2 Bedrooms
225 units
13 sold212 left
6%
Velocity
Shop
4 units
0 sold4 left
0%
Velocity
Layouts & Units (526)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloor 5 | Inventory 4units 3 layouts · Typically 1 parking 8-9 sqm balcony | Size Range 318-358sqft | Price Range AED 750K - AED 870K | Avg PSF 2,085 | Sales 3 | Trend — | |
Asset Class 1 Bed FlatFloors 4-28 | Inventory 293units 36 layouts · Typically 1 parking 11-24 sqm balcony | Size Range 237-611sqft | Price Range AED 600K - AED 1.3M | Avg PSF 1,701 | Sales 110 | Trend — | |
Asset Class 2 Bed FlatFloors 4-28 | Inventory 225units 34 layouts · Typically 1 parking 17-38 sqm balcony | Size Range 226-1,087sqft | Price Range AED 1.2M - AED 2.0M | Avg PSF 1,456 | Sales 57 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 66,794-66,794sqft | Price Range AED 90.2M - AED 90.2M | Avg PSF 1,350 | Sales 1 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 900-900sqft | Price Range — | Avg PSF 2,853 | Sales 0 | Trend — | |
Asset Class ShopPodium | Inventory 4units 4 layouts | Size Range 516-894sqft | Price Range — | Avg PSF — | Sales 0 | Trend — |
Grouped into 6 asset classes covering 526 units