THE 118
ResaleCommunityDownTown Dubai
AreaBurj Khalifa
Started
11 years 10 months ago26-02-2014
Handover
8 years 8 months ago30-04-2017
Status
CompleteFinished
Project Description
HIGH END PROJECT CONSISTS OF G+M+4P+HC+8 SERVICE FLOOR +31 RESIDENTIAL APARTMENTS LOCATED IN BURJ KHALIFA AREA. THE APARTMENTS ARE DESIGNED TO HAVE A CONCRETE STRUCTURE AND BLOCK WITH INTERNAL AND EXTERNAL FINISHES.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Falling-15%
DeclineCurrent:AED 3,529/sqft
Last 12M:AED 4,153/sqft
Momentum: Last 12Mvs Prior Year
Stable0%
GrowthLast 12M:AED 4,153/sqft
Prior Year:AED 4,137/sqft
Community Compare: Last 90DDownTown Dubai
Premium+25%
Above AvgProject:AED 3,529/sqft
Community:AED 2,824/sqft
Liquidity: Last 12MExit Speed
High21%Turnover
6Sold (Last 12M)
Supply & Demand Matrix
THE 118 averaged 21% 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
4 Bedrooms
26 units
5 sold21 left
19%
Velocity
6 Bedrooms
2 units
1 sold1 left
50%
Velocity
Layouts & Units (28)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class 4 Bed FlatFloors 14-42 | Inventory 26units 3 layouts · Typically 1 parking 133-189 sqm balcony | Size Range 188-7,333sqft | Price Range AED 7.4M - AED 34.0M | Avg PSF 2,800 | Sales 24 | Trend — | |
Asset Class 6 Bed FlatFloors 33-43 | Inventory 2units 2 layouts · Typically 1 parking 165-171 sqm balcony | Size Range 188-11,598sqft | Price Range AED 49.9M - AED 65.0M | Avg PSF 3,308 | Sales 3 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 37,386-37,386sqft | Price Range — | Avg PSF 1,308 | Sales 0 | Trend — |
Grouped into 3 asset classes covering 28 units