RP HEIGHTS
ResaleDeveloperRP GLOBAL DEVELOPERS L.L.C
CommunityDownTown Dubai
AreaBurj Khalifa
Started
11 years ago02-01-2015
Handover
5 years 9 months ago15-04-2020
Status
CompleteFinished
Project Description
PROJECT CONSISTS OF B+G+5P+45+2R RESIDENTIAL BUILDING LOCATED IN BURJ KHALIFA. THE APARTMENTS ARE DESIGNED TO HAVE A CONCRETE STRUCTURE AND BLOCK WITH INTERNAL AND EXTERNAL FINISHES.
Performance Alpha
Sales Performance
Blended: Last 90Dvs Last 12M Baseline
Rising+14%Growth
Current:AED 2,196/sqft
Last 12M:AED 1,927/sqft
Momentum: Last 12Mvs Prior Year
Rising+6%Growth
Last 12M:AED 1,927/sqft
Prior Year:AED 1,820/sqft
Community Compare: Last 90DDownTown Dubai
Discount-22%Below Avg
Project:AED 2,196/sqft
Community:AED 2,824/sqft
Liquidity: Last 12MExit Speed
Low6%Turnover
18Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 1,169/sqft
Range:AED 751 – AED 2K
Avg Unit:AED 148K/yr
Leasing Volume: L12MContracts Signed
Very Active184Total
New:101
Renew:83
Tenant RetentionRenewal Rate
Good45%renewals
55% new tenants45% renewals
Gross YieldAnnual Return
High Yield53.2%Yield
Rent:AED 1,169/sqft
Price:AED 2,196/sqft
Supply & Demand Matrix
RP HEIGHTS averaged 6% 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
Studio
10 units
0 sold10 left
0%
Velocity
1 Bedroom
144 units
11 sold133 left
8%
Velocity
2 Bedrooms
124 units
4 sold120 left
3%
Velocity
3 Bedrooms
12 units
2 sold10 left
17%
Velocity
4 Bedrooms
3 units
0 sold3 left
0%
Velocity
6 Bedrooms
1 units
1 sold0 left
100%
Velocity
Shop
2 units
0 sold2 left
0%
Velocity
Layouts & Units (296)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloor 6 | Inventory 10units 10 layouts · Typically 1 parking | Size Range 361-512sqft | Price Range AED 1.3M - AED 1.3M | Avg PSF 2,246 | Sales 1 | Trend — | |
Asset Class 1 Bed FlatFloors 5-38 | Inventory 144units 139 layouts · Typically 0.8 parking 12-69 sqm balcony | Size Range 830-1,583sqft | Price Range AED 1.0M - AED 2.5M | Avg PSF 1,428 | Sales 81 | Trend — | |
Asset Class 2 Bed FlatFloors 6-42 | Inventory 124units 116 layouts · Typically 1 parking 34-43 sqm balcony | Size Range 1,017-2,075sqft | Price Range AED 1.9M - AED 4.5M | Avg PSF 1,323 | Sales 83 | Trend — | |
Asset Class 3 Bed FlatFloors 39-45 | Inventory 12units 12 layouts · Typically 2.1 parking 46-77 sqm balcony | Size Range 2,443-3,222sqft | Price Range AED 2.7M - AED 6.9M | Avg PSF 1,381 | Sales 15 | Trend — | |
Asset Class 4 Bed FlatFloors 46-49 | Inventory 3units 3 layouts · Typically 4.3 parking 134-178 sqm balcony | Size Range 3,069-6,724sqft | Price Range AED 8.0M - AED 8.0M | Avg PSF 2,857 | Sales 1 | Trend — | |
Asset Class 6 Bed FlatFloor 47 | Inventory 1units Typically 6 parking ~135 sqm balcony | Size Range 3,073-6,310sqft | Price Range AED 6.6M - AED 13.3M | Avg PSF 2,601 | Sales 2 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 41,047-41,047sqft | Price Range AED 20.0M - AED 90.0M | Avg PSF 1,608 | Sales 3 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 951-2,031sqft | Price Range — | Avg PSF 24,092 | Sales 0 | Trend — | |
Asset Class ShopPodium | Inventory 2units 2 layouts | Size Range 1,628-1,676sqft | Price Range — | Avg PSF — | Sales 0 | Trend — |
Grouped into 9 asset classes covering 296 units