DAMAC HILLS - GOLF PROMENADE
MatureDeveloperDAMAC CRESCENT PROPERTIES
CommunityDAMAC HILLS
AreaAl Hebiah Third
Started
11 years 5 months ago01-08-2014
Handover
6 years 4 months ago15-09-2019
Status
CompleteFinished
Project Description
The project consist of 4 buildings with 3 residential buildings and 1 buildings as serviced apartments . Each building has two towers with a common podium. Three towers configuration is B+G+9 and one tower configuration is B+G+10. Buildings are designed to have a concrete structure and block with internal and external finishes.
Performance Alpha
Market Sales: Last 90Dvs Last 12M Baseline
Rising+14%
GrowthCurrent:AED 1,258/sqft
Last 12M:AED 1,108/sqft
Momentum: Last 12Mvs Prior Year
Falling-5%
DeclineLast 12M:AED 1,108/sqft
Prior Year:AED 1,169/sqft
Community Compare: Last 90DDAMAC HILLS
Discount-15%
Below AvgProject:AED 1,258/sqft
Community:AED 1,486/sqft
Liquidity: Last 12MExit Speed
High24%Turnover
177Sold (Last 12M)
Supply & Demand Matrix
DAMAC HILLS - GOLF PROMENADE averaged 24% liquidity over the last 12 months, which is considered high. 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
210 units
59 sold151 left
28%
Velocity
1 Bedroom
344 units
83 sold261 left
24%
Velocity
2 Bedrooms
108 units
19 sold89 left
18%
Velocity
3 Bedrooms
78 units
16 sold62 left
21%
Velocity
Shop
1 units
0 sold1 left
0%
Velocity
Layouts & Units (741)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 3-11 | Inventory 203units 67 layouts · Typically 1 parking 5-21 sqm balcony | Size Range 195-638sqft | Price Range AED 280K - AED 758K | Avg PSF 1,161 | Sales 117 | Trend — | |
Asset Class 1 Bed FlatFloors 3-12 | Inventory 344units 104 layouts · Typically 1 parking 4-56 sqm balcony | Size Range 365-1,340sqft | Price Range AED 245K - AED 1.3M | Avg PSF 1,065 | Sales 184 | Trend — | |
Asset Class 2 Bed FlatPodium + Floors 3-12 | Inventory 108units 37 layouts · Typically 1.2 parking 12-80 sqm balcony | Size Range 1,352-2,592sqft | Price Range AED 1.1M - AED 3.0M | Avg PSF 998 | Sales 84 | Trend — | |
Asset Class 3 Bed FlatPodium + Floors 3-12 | Inventory 77units 26 layouts · Typically 1.7 parking 12-159 sqm balcony | Size Range 1,722-3,943sqft | Price Range AED 1.5M - AED 4.1M | Avg PSF 927 | Sales 54 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 567,749-567,749sqft | Price Range AED 19.9M - AED 19.9M | Avg PSF 35 | Sales 1 | Trend — | |
Asset Class Hotel ApartmentFloors 3-11 | Inventory 7units 7 layouts · Typically 1 parking 7-9 sqm balcony | Size Range 320-567sqft | Price Range AED 518K - AED 600K | Avg PSF 1,417 | Sales 2 | Trend — | |
Asset Class 3 Bed Hotel ApartmentFloor 8 | Inventory 1units Typically 2 parking ~60 sqm balcony | Size Range 2,395-2,549sqft | Price Range — | Avg PSF 1,445 | Sales 0 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 521-2,037sqft | Price Range — | Avg PSF 15,291 | Sales 0 | Trend — | |
Asset Class ShopPodium | Inventory 1units | Size Range 609-609sqft | Price Range — | Avg PSF — | Sales 0 | Trend — |
Grouped into 9 asset classes covering 741 units