UPPER CREST
ResaleDeveloperDAMAC DEVELOPMENT(L L C)
CommunityDownTown Dubai
AreaBurj Khalifa
Started
17 years 6 months ago07-07-2008
Handover
10 years 1 month ago14-12-2015
Status
CompleteFinished
Project Description
Freehold residential tower located in Burj Dubai District. The tower is designed as G+5P+HC+37. The tower is designed to provide serviced hotel apartments and to be constructed out of concrete structure and block with internal and external finishes.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Stable0%
GrowthCurrent:AED 1,722/sqft
Last 12M:AED 1,718/sqft
Momentum: Last 12Mvs Prior Year
Rising+5%
GrowthLast 12M:AED 1,718/sqft
Prior Year:AED 1,629/sqft
Community Compare: Last 90DDownTown Dubai
Discount-39%
Below AvgProject:AED 1,722/sqft
Community:AED 2,824/sqft
Liquidity: Last 12MExit Speed
Low6%Turnover
25Sold (Last 12M)
Supply & Demand Matrix
UPPER CREST 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
70 units
2 sold68 left
3%
Velocity
1 Bedroom
177 units
11 sold166 left
6%
Velocity
2 Bedrooms
105 units
10 sold95 left
10%
Velocity
3 Bedrooms
38 units
2 sold36 left
5%
Velocity
Shop
6 units
0 sold6 left
0%
Velocity
Layouts & Units (397)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 7-42 | Inventory 30units 9 layouts · Typically 0.4 parking 5-7 sqm balcony | Size Range 248-546sqft | Price Range AED 590K - AED 980K | Avg PSF 2,175 | Sales 11 | Trend — | |
Asset Class 1 Bed FlatFloors 8-42 | Inventory 73units 15 layouts · Typically 1 parking 9-19 sqm balcony | Size Range 414-1,002sqft | Price Range AED 800K - AED 2.0M | Avg PSF 1,817 | Sales 46 | Trend — | |
Asset Class 2 Bed FlatFloors 7-42 | Inventory 41units 11 layouts · Typically 1 parking 6-24 sqm balcony | Size Range 610-1,705sqft | Price Range AED 1.1M - AED 2.3M | Avg PSF 1,905 | Sales 20 | Trend — | |
Asset Class 3 Bed FlatFloors 10-43 | Inventory 17units 5 layouts · Typically 1.8 parking 23-122 sqm balcony | Size Range 1,538-4,883sqft | Price Range AED 2.0M - AED 3.5M | Avg PSF 1,888 | Sales 7 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 40,778-40,778sqft | Price Range AED 20.0M - AED 20.0M | Avg PSF 3,959 | Sales 1 | Trend — | |
Asset Class 49 Bed GymnasiumFloor 6 | Inventory 1units Typically 4 parking | Size Range 1,503-1,503sqft | Price Range — | Avg PSF — | Sales 0 | Trend — | |
Asset Class 2 Bed Hotel ApartmentFloors 7-40 | Inventory 64units 13 layouts · Typically 1 parking 6-24 sqm balcony | Size Range 531-1,508sqft | Price Range AED 1.0M - AED 2.7M | Avg PSF 1,835 | Sales 28 | Trend — | |
Asset Class 1 Bed Hotel ApartmentFloors 7-43 | Inventory 104units 27 layouts · Typically 1 parking 9-19 sqm balcony | Size Range 429-1,005sqft | Price Range AED 750K - AED 2.0M | Avg PSF 1,989 | Sales 57 | Trend — | |
Asset Class Hotel ApartmentFloors 7-43 | Inventory 40units 9 layouts · Typically 0.3 parking 5-7 sqm balcony | Size Range 221-546sqft | Price Range AED 450K - AED 920K | Avg PSF 2,164 | Sales 14 | Trend — | |
Asset Class 3 Bed Hotel ApartmentFloors 7-43 | Inventory 21units 5 layouts · Typically 2 parking ~23 sqm balcony | Size Range 481-1,728sqft | Price Range AED 2.1M - AED 4.0M | Avg PSF 2,037 | Sales 8 | Trend — | |
Asset Class ShopPodium + Floor 6 | Inventory 6units 6 layouts · Typically 1.8 parking ~33 sqm balcony | Size Range 97-5,050sqft | Price Range — | Avg PSF 5,884 | Sales 0 | Trend — |
Grouped into 11 asset classes covering 397 units