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XL TOWER

Resale
DeveloperDAMAC PROPERTIES CO (L.L.C)
CommunityBusiness Bay
AreaBusiness Bay
Started
18 years 9 months ago11-04-2007
Handover
15 years 1 month ago23-12-2010
Status
CompleteFinished
Project Description

Freehold commercial tower in Dubai Business Bay. The building is designed and constructed as 3B+G+4P+HC+19. The tower is being 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

Blended: Last 90Dvs Last 12M Baseline
Stable
+2%
Growth
Current:AED 1,708/sqft
Last 12M:AED 1,679/sqft
Momentum: Last 12Mvs Prior Year
Rising
+36%
Growth
Last 12M:AED 1,679/sqft
Prior Year:AED 1,236/sqft
Community Compare: Last 90DBusiness Bay
Discount
-35%
Below Avg
Project:AED 1,708/sqft
Community:AED 2,648/sqft
Liquidity: Last 12MExit Speed
Moderate
10%Turnover
16Sold (Last 12M)

Supply & Demand Matrix

XL TOWER averaged 10% 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
Shop
11 units
9%
Velocity
Office
154 units
10%
Velocity

Layouts & Units (165)

Asset Class
Land
Inventory
0units
Size Range
1,209-38,210sqft
Price Range
AED 38.2M - AED 38.2M
Avg PSF
3,072
Sales
1
Trend
—
Asset Class
OfficeFloors 4-23
Inventory
154units
16 layouts · Typically 1.8 parking
25-38 sqm balcony
Size Range
404-1,616sqft
Price Range
AED 280K - AED 3.0M
Avg PSF
1,219
Sales
276
Trend
—
Asset Class
ShopPodium + Floor 4
Inventory
11units
11 layouts · Typically 1.8 parking
Size Range
108-2,501sqft
Price Range
AED 250K - AED 2.9M
Avg PSF
1,518
Sales
17
Trend
—
Asset Class
Store
Inventory
0units
Size Range
260-289sqft
Price Range
—
Avg PSF
72
Sales
0
Trend
—

Grouped into 4 asset classes covering 165 units