THE RESIDENCE | Burj Khalifa
HandoverDeveloperEMAAR PROPERTIES (P.J.S.C)
CommunityDownTown Dubai
AreaBurj Khalifa
Started
2 years 10 months ago21-03-2023
Handover
1 year ago31-12-2024
Status
80% BuiltIn Progress
Project Description
2B+CC+G+M+12 Floors + R Residential,The project designed to have a concrete structure and block with internal and external finishes.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
—No recent sales
Momentum: Last 12Mvs Prior Year
Rising+25%
GrowthLast 12M:AED 3,522/sqft
Prior Year:AED 2,821/sqft
Community Compare: Last 90DDownTown Dubai
—No recent sales
Liquidity: Last 12MExit Speed
Moderate11%Turnover
4Sold (Last 12M)
Supply & Demand Matrix
THE RESIDENCE | Burj Khalifa averaged 11% liquidity over the last 12 months, which is considered moderate. As units are handed over, early secondary market activity is emerging. Velocity will become more meaningful as the market matures.
Type
Absorption (L12M)
Velocity
3 Bedrooms
11 units
2 sold9 left
18%
Velocity
4 Bedrooms
12 units
1 sold11 left
8%
Velocity
5 Bedrooms
11 units
1 sold10 left
9%
Velocity
7 Bedrooms
1 units
0 sold1 left
0%
Velocity
Layouts & Units (35)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class 3 Bed FlatFloors 2-12 | Inventory 11units Typically 1 parking ~54 sqm balcony | Size Range 2,867-5,735sqft | Price Range AED 8.6M - AED 20.0M | Avg PSF 2,780 | Sales 13 | Trend — | |
Asset Class 4 Bed FlatPodium + Floors 2-12 | Inventory 12units 4 layouts · Typically 1 parking 40-60 sqm balcony | Size Range 7,736-8,230sqft | Price Range AED 20.7M - AED 29.5M | Avg PSF 3,376 | Sales 13 | Trend — | |
Asset Class 5 Bed FlatFloors 2-12 | Inventory 11units 2 layouts · Typically 1 parking ~56 sqm balcony | Size Range 8,822-8,854sqft | Price Range AED 31.8M - AED 44.0M | Avg PSF 3,914 | Sales 12 | Trend — | |
Asset Class 7 Bed FlatFloor 1 | Inventory 1units Typically 1 parking ~60 sqm balcony | Size Range 15,908-15,908sqft | Price Range AED 56.3M - AED 56.3M | Avg PSF 3,542 | Sales 1 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 1,185-2,663sqft | Price Range — | Avg PSF 4,854 | Sales 0 | Trend — |
Grouped into 5 asset classes covering 35 units