WEST BAY TOWER
HandoverDeveloperORION REAL ESTATE DEVELOPMENT L.L.C
CommunityBusiness Bay
AreaBusiness Bay
Started
10 years ago01-01-2016
Handover
1 year 11 months ago07-02-2024
Status
77% BuiltIn Progress
Project Description
Residential building located in Business Bay consist of 4B+G+34+2R with internal and external finishes.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Rising+13%
GrowthCurrent:AED 1,453/sqft
Last 12M:AED 1,283/sqft
Momentum: Last 12Mvs Prior Year
Falling-5%
DeclineLast 12M:AED 1,283/sqft
Prior Year:AED 1,353/sqft
Community Compare: Last 90DBusiness Bay
Discount-45%
Below AvgProject:AED 1,453/sqft
Community:AED 2,648/sqft
Liquidity: Last 12MExit Speed
Moderate15%Turnover
37Sold (Last 12M)
Supply & Demand Matrix
WEST BAY TOWER averaged 15% liquidity over the last 12 months, which is considered moderate. As units are handed over, early secondary market activity is emerging. Velocity will become more meaningful as the market matures.
Type
Absorption (L12M)
Velocity
Studio
24 units
0 sold24 left
0%
Velocity
1 Bedroom
78 units
3 sold75 left
4%
Velocity
2 Bedrooms
120 units
25 sold95 left
21%
Velocity
3 Bedrooms
30 units
9 sold21 left
30%
Velocity
Shop
1 units
0 sold1 left
0%
Velocity
Layouts & Units (253)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 4-15 | Inventory 24units 2 layouts · Typically 0.4 parking | Size Range 431-452sqft | Price Range AED 500K - AED 691K | Avg PSF 1,345 | Sales 4 | Trend — | |
Asset Class 1 Bed FlatFloors 4-34 | Inventory 78units 3 layouts · Typically 1 parking ~8 sqm balcony | Size Range 673-880sqft | Price Range AED 437K - AED 1.9M | Avg PSF 1,314 | Sales 33 | Trend — | |
Asset Class 2 Bed FlatFloors 4-34 | Inventory 120units 6 layouts · Typically 1 parking 3-8 sqm balcony | Size Range 1,028-1,356sqft | Price Range AED 733K - AED 2.4M | Avg PSF 1,200 | Sales 89 | Trend — | |
Asset Class 3 Bed FlatFloors 4-34 | Inventory 30units 2 layouts · Typically 1 parking 28-29 sqm balcony | Size Range 1,821-1,827sqft | Price Range AED 1.4M - AED 2.9M | Avg PSF 1,142 | Sales 24 | Trend — | |
Asset Class ShopPodium | Inventory 1units Typically 1 parking | Size Range 3,238-3,238sqft | Price Range AED 2.3M - AED 2.3M | Avg PSF 700 | Sales 1 | Trend — |
Grouped into 5 asset classes covering 253 units