Opera Grand
ResaleDeveloperEMAAR DEVELOPMENT P.J.S.C.
CommunityDownTown Dubai
AreaBurj Khalifa
Started
10 years 7 months ago01-06-2015
Handover
4 years 1 month ago09-12-2021
Status
CompleteFinished
Project Description
Project is located in Burj Khalifa area, proposed to be 2 towers with common 4B+G+3P+ residential tower: 64 floors+R and retail tower: 1floor+3R, made of concrete structure with internal and external finishes.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Stable+2%
GrowthCurrent:AED 3,111/sqft
Last 12M:AED 3,040/sqft
Momentum: Last 12Mvs Prior Year
Falling-6%
DeclineLast 12M:AED 3,040/sqft
Prior Year:AED 3,217/sqft
Community Compare: Last 90DDownTown Dubai
Premium+10%
Above AvgProject:AED 3,111/sqft
Community:AED 2,824/sqft
Liquidity: Last 12MExit Speed
Low8%Turnover
23Sold (Last 12M)
Supply & Demand Matrix
Opera Grand averaged 8% 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
1 Bedroom
30 units
0 sold30 left
0%
Velocity
2 Bedrooms
149 units
18 sold131 left
12%
Velocity
3 Bedrooms
78 units
5 sold73 left
6%
Velocity
4 Bedrooms
30 units
0 sold30 left
0%
Velocity
5 Bedrooms
8 units
0 sold8 left
0%
Velocity
Shop
11 units
0 sold11 left
0%
Velocity
Layouts & Units (306)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class 1 Bed FlatFloors 36-67 | Inventory 30units 3 layouts · Typically 1 parking | Size Range 351-741sqft | Price Range AED 2.0M - AED 2.4M | Avg PSF 2,960 | Sales 6 | Trend — | |
Asset Class 2 Bed FlatFloors 4-56 | Inventory 149units 9 layouts · Typically 1 parking 14-22 sqm balcony | Size Range 86-1,717sqft | Price Range AED 2.0M - AED 7.1M | Avg PSF 3,111 | Sales 41 | Trend — | |
Asset Class 3 Bed FlatFloors 4-62 | Inventory 78units 7 layouts · Typically 2 parking 24-31 sqm balcony | Size Range 2,038-2,697sqft | Price Range AED 6.0M - AED 11.1M | Avg PSF 3,865 | Sales 19 | Trend — | |
Asset Class 4 Bed FlatFloors 45-65 | Inventory 30units 6 layouts · Typically 2 parking 31-76 sqm balcony | Size Range 3,012-4,272sqft | Price Range AED 9.0M - AED 14.0M | Avg PSF 3,739 | Sales 5 | Trend — | |
Asset Class 5 Bed FlatFloors 2-67 | Inventory 8units 6 layouts · Typically 2 parking 81-133 sqm balcony | Size Range 3,978-7,454sqft | Price Range AED 9.4M - AED 15.5M | Avg PSF 2,249 | Sales 3 | Trend — | |
Asset Class ShopPodium | Inventory 11units 9 layouts · Typically 2.7 parking ~41 sqm balcony | Size Range 866-12,862sqft | Price Range — | Avg PSF — | Sales 0 | Trend — |
Grouped into 6 asset classes covering 306 units