Creek Beach - Grove
ResaleDeveloperDUBAI CREEK HARBOUR L.L.C
CommunityDubai Creek Harbour
AreaAl Khairan First
Started
5 years 9 months ago10-04-2020
Handover
2 years 6 months ago30-06-2023
Status
CompleteFinished
Project Description
Phase 3 Residential mid-rise Development (Grove Cluster) Building 1 - G+M+8 - 53 Residential Units Building 2 - G+M+9 - 59 Residential Units Building 3 - G+M+8 - 56 Residential Units Building 4 - G+M+7 - 51 Residential Units Building 5 - G+M+6 - 42 Residential Units The project designed to have a concrete structure and block with internal and external finishes.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Stable-2%
DeclineCurrent:AED 2,063/sqft
Last 12M:AED 2,112/sqft
Momentum: Last 12Mvs Prior Year
—No sales in period
Community Compare: Last 90DDubai Creek Harbour
Discount-23%
Below AvgProject:AED 1,997/sqft
Community:AED 2,580/sqft
Liquidity: Last 12MExit Speed
Moderate10%Turnover
28Sold (Last 12M)
Supply & Demand Matrix
Creek Beach - Grove averaged 10% liquidity over the last 12 months, which is considered moderate. 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
78 units
8 sold70 left
10%
Velocity
2 Bedrooms
137 units
15 sold122 left
11%
Velocity
3 Bedrooms
44 units
5 sold39 left
11%
Velocity
4 Bedrooms
3 units
0 sold3 left
0%
Velocity
Shop
7 units
0 sold7 left
0%
Velocity
Layouts & Units (269)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class 1 Bed FlatFloors 1-8 | Inventory 78units 43 layouts · Typically 1 parking 6-82 sqm balcony | Size Range 712-1,572sqft | Price Range AED 1.5M - AED 1.9M | Avg PSF 1,730 | Sales 8 | Trend — | |
Asset Class 2 Bed FlatFloors 1-8 | Inventory 137units 81 layouts · Typically 1 parking 9-128 sqm balcony | Size Range 1,050-2,633sqft | Price Range AED 1.8M - AED 3.2M | Avg PSF 1,749 | Sales 15 | Trend — | |
Asset Class 3 Bed FlatFloors 1-9 | Inventory 44units 34 layouts · Typically 2 parking 13-153 sqm balcony | Size Range 1,591-3,095sqft | Price Range AED 2.9M - AED 3.8M | Avg PSF 1,680 | Sales 5 | Trend — | |
Asset Class 4 Bed FlatFloors 7-9 | Inventory 3units 3 layouts · Typically 2 parking 46-57 sqm balcony | Size Range 2,566-2,737sqft | Price Range — | Avg PSF 1,737 | Sales 0 | Trend — | |
Asset Class ShopPodium | Inventory 7units 7 layouts · Typically 2.7 parking | Size Range 968-4,147sqft | Price Range — | Avg PSF — | Sales 0 | Trend — |
Grouped into 5 asset classes covering 269 units