ELITE DOWNTOWN RESIDENCE
MatureDeveloperTRIPLANET ELITE DEVELOPEMENTS L.L.C
CommunityDownTown Dubai
AreaBurj Khalifa
Started
12 years ago30-12-2013
Handover
3 years 11 months ago10-02-2022
Status
CompleteFinished
Project Description
Project located in Burj Khalifa area, Dubai. Project is proposed to be residential tower with 1B+G+M+4P+23floors+HC+R made of concrete structure with internal and external finishes.
Performance Alpha
Market Sales: Last 90Dvs Last 12M Baseline
Falling-3%
DeclineCurrent:AED 2,182/sqft
Last 12M:AED 2,241/sqft
Momentum: Last 12Mvs Prior Year
Falling-4%
DeclineLast 12M:AED 2,241/sqft
Prior Year:AED 2,344/sqft
Community Compare: Last 90DDownTown Dubai
Discount-20%
Below AvgProject:AED 2,249/sqft
Community:AED 2,824/sqft
Liquidity: Last 12MExit Speed
Moderate10%Turnover
46Sold (Last 12M)
Supply & Demand Matrix
ELITE DOWNTOWN RESIDENCE 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
Studio
230 units
34 sold196 left
15%
Velocity
1 Bedroom
138 units
8 sold130 left
6%
Velocity
2 Bedrooms
69 units
4 sold65 left
6%
Velocity
3 Bedrooms
23 units
0 sold23 left
0%
Velocity
Shop
9 units
0 sold9 left
0%
Velocity
Layouts & Units (469)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 1-23 | Inventory 230units 19 layouts · Typically 1 parking 4-13 sqm balcony | Size Range 247-542sqft | Price Range AED 784K - AED 2.6M | Avg PSF 2,238 | Sales 214 | Trend — | |
Asset Class 1 Bed FlatFloors 1-23 | Inventory 138units 10 layouts · Typically 1 parking 12-25 sqm balcony | Size Range 404-1,007sqft | Price Range AED 1.1M - AED 3.3M | Avg PSF 1,983 | Sales 112 | Trend — | |
Asset Class 2 Bed FlatFloors 1-23 | Inventory 69units 6 layouts · Typically 1 parking 19-65 sqm balcony | Size Range 683-1,767sqft | Price Range AED 1.3M - AED 4.8M | Avg PSF 1,753 | Sales 48 | Trend — | |
Asset Class 3 Bed FlatFloors 1-23 | Inventory 23units 2 layouts · Typically 1 parking ~22 sqm balcony | Size Range 124-1,616sqft | Price Range AED 3.4M - AED 5.4M | Avg PSF 2,499 | Sales 13 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 47,688-47,688sqft | Price Range — | Avg PSF 1,832 | Sales 0 | Trend — | |
Asset Class ShopPodium | Inventory 9units 9 layouts · Typically 1.1 parking | Size Range 699-1,448sqft | Price Range — | Avg PSF — | Sales 0 | Trend — |
Grouped into 6 asset classes covering 469 units