WESTBURRY TOWER
ResaleCommunityBusiness Bay
AreaBusiness Bay
Started
17 years 7 months ago15-06-2008
Handover
11 years 1 month ago01-12-2014
Status
CompleteFinished
Project Description
Freehold commercial tower development in Dubai Business Bay. The building is designed as 6B+G+3P+34+Mech. The tower is designed to be constructed out of concrete structure and block with internal and external finishes. The office units will be handed over as ?core and shell? to be individually fitted by their respective owners.
Performance Alpha
Rent Pricing: L12MPer Sqft / Year
AED 1,413/sqft
Range:AED 91 – AED 4K
Avg Unit:AED 46K/yr
Leasing Volume: L12MContracts Signed
Very Active1,183Total
New:1009
Renew:174
Tenant RetentionRenewal Rate
Low15%renewals
85% new tenants15% renewals
Gross YieldAnnual Return
High Yield52.5%Yield
Rent:AED 1,413/sqft
Price:AED 2,693/sqft
Supply & Demand Matrix
WESTBURRY TOWER 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
Shop
6 units
2 sold4 left
33%
Velocity
Office
274 units
24 sold250 left
9%
Velocity
Layouts & Units (280)
| Property Type | Contracts (L12M) | Size Range | Rent Range (PSF) | Avg Rent/Sqft | Avg Annual | |
|---|---|---|---|---|---|---|
Property Type Officeoffice | Contracts 996 | Size Range 95-157sqft | Rent Range 109-4,122 | Avg Rent/Sqft 1,388AED | Avg Annual AED 43K | |
Property Type Ladies Saloonother | Contracts 3 | Size Range 135-138sqft | Rent Range 744-837 | Avg Rent/Sqft 803AED | Avg Annual AED 109K | |
Property Type Shopretail | Contracts 1 | Size Range 226-226sqft | Rent Range 1,292-1,292 | Avg Rent/Sqft 1,292AED | Avg Annual AED 292K |
1,000 rental contracts grouped into 3 property types