CREEK HEIGHTS

Resale
Started
20 years ago19-01-2006
Handover
10 years 11 months ago01-02-2015
Status
CompleteFinished
Project Description

THE PROJECT COMPRISES THE CONSTRUCTION OF TWIN TOWERS MIXED USED DEVELOPMENT COMPRISING OF: 1) HOTEL TOWER 35 FLOORS (464 KEYS COMPRISING A MIX OF STANDARD KING ROOMS, STANDARD TWIN ROOMS, JUNIOR SUITES, EXECUTIVE AND DIPLOMATIC SUITES,REGENCY CLUB AND 2 PRESIDENTIAL SUITES). 2) APARTMENT TOWER 44 FLOOIRS (405 KEYS COMPRISING A MIX OF STUDIO APARTMENTS, ONE BEDROOM APARTMENTS, TWO BEDROOM APARTMENTS, THREE BEDROOM APARTMENTS AND 6 PENTHOUSES. 3) 3 LEVEL PODIUM A)G WITH BANQUET HALL WITH PRE-FUNCTION, MEETING ROOMS SUITES WITH 6 MEETING ROOMS AND BREAKOUT SPACES, BUISNESS CENTRE,STAFF FACILITIES AND BOH SPACES. B) LEVEL 1 (LOBBY LEVEL) WITH LOBBY LOUNGE, RECEPTION AREA , RECEPTION LOBBY, 4 F&B OUTLETS WITH KITCHENS, OFFICES AND ASSOCIATED BOH FUNCTION SPACES. C) LEVEL 2 WITH SPA,APARTMENT GYM, LAUNDRY AND LAUNDRY STORS AND ASSOCIATED BOH AREAS. 4) BASEMENT 1 (BALLROOM, MEETING ROOMS 5) BASEMENT 2 (PARKING , SERVICE ROOMS , WORKSHOPS, STORS)

Performance Alpha

Sales Performance

Blended: Last 90Dvs Last 12M Baseline
No recent sales
Momentum: Last 12Mvs Prior Year
No sales in period
Community Compare: Last 90DDubai Health Care City Phase 1
No recent sales
Liquidity: Last 12MExit Speed
No sales in period

Rental Performance

Rent Pricing: L12MPer Sqft / Year
AED 2,458/sqft
Range:AED 848AED 9K
Avg Unit:AED 1.8M/yr
Leasing Volume: L12MContracts Signed
Very Active
14Total
New:2
Renew:12
Tenant RetentionRenewal Rate
Excellent
86%renewals
14% new tenants86% renewals
Avg Annual RentPer Unit
AED 1.8M/year
Based on 14 contracts

Supply & Demand Matrix

CREEK HEIGHTS averaged 0% 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
Shop
2 units
0%
Velocity
Office
12 units
0%
Velocity

Layouts & Units (15)

Property Type
Officeoffice
Contracts
90
Size Range
415-3,299sqft
Rent Range
171-3,180
Avg Rent/Sqft
1,327AED
Avg Annual
AED 2.4M
Property Type
Shopretail
Contracts
20
Size Range
200-365sqft
Rent Range
701-2,073
Avg Rent/Sqft
1,571AED
Avg Annual
AED 472K
Property Type
Coffe shop,Fast Foodretail
Contracts
3
Size Range
12-12sqft
Rent Range
8,333-9,167
Avg Rent/Sqft
8,889AED
Avg Annual
AED 107K

113 rental contracts grouped into 3 property types