ELLINGTON HOUSE III
HandoverDeveloperEH 3 DEVELOPMENT L.L.C
CommunityDubai Hills Estate
Started
2 years 11 months ago07-02-2023
Handover
5 months ago31-07-2025
Status
72% BuiltIn Progress
Project Description
Residential Building (G+1P+9F+R).The project designed to have a concrete structure and block with internal and external finishes.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Falling-6%
DeclineCurrent:AED 2,333/sqft
Last 12M:AED 2,470/sqft
Momentum: Last 12Mvs Prior Year
Rising+5%
GrowthLast 12M:AED 2,470/sqft
Prior Year:AED 2,345/sqft
Community Compare: Last 90DDubai Hills Estate
Premium+3%
Above AvgProject:AED 2,333/sqft
Community:AED 2,268/sqft
Liquidity: Last 12MExit Speed
Low8%Turnover
9Sold (Last 12M)
Supply & Demand Matrix
ELLINGTON HOUSE III averaged 8% liquidity over the last 12 months, which is considered low. As units are handed over, early secondary market activity is emerging. Velocity will become more meaningful as the market matures.
Type
Absorption (L12M)
Velocity
Studio
2 units
0 sold2 left
0%
Velocity
1 Bedroom
48 units
7 sold41 left
15%
Velocity
2 Bedrooms
42 units
0 sold42 left
0%
Velocity
3 Bedrooms
15 units
1 sold14 left
7%
Velocity
4 Bedrooms
3 units
1 sold2 left
33%
Velocity
Layouts & Units (110)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloor 1 | Inventory 2units 2 layouts · Typically 1 parking 5-8 sqm balcony | Size Range 432-520sqft | Price Range AED 980K - AED 1.2M | Avg PSF 2,324 | Sales 2 | Trend — | |
Asset Class 1 Bed FlatFloors 1-9 | Inventory 48units 4 layouts · Typically 1 parking 7-15 sqm balcony | Size Range 817-904sqft | Price Range AED 1.6M - AED 2.2M | Avg PSF 2,143 | Sales 56 | Trend — | |
Asset Class 2 Bed FlatFloors 1-9 | Inventory 42units 9 layouts · Typically 1 parking 12-22 sqm balcony | Size Range 672-1,537sqft | Price Range AED 2.5M - AED 4.1M | Avg PSF 2,154 | Sales 42 | Trend — | |
Asset Class 3 Bed FlatFloors 2-9 | Inventory 15units 3 layouts · Typically 1 parking 22-38 sqm balcony | Size Range 1,867-2,041sqft | Price Range AED 3.7M - AED 5.9M | Avg PSF 2,239 | Sales 17 | Trend — | |
Asset Class 4 Bed FlatFloors 8-9 | Inventory 3units 3 layouts · Typically 1 parking 13-209 sqm balcony | Size Range 2,669-5,361sqft | Price Range AED 5.3M - AED 8.3M | Avg PSF 2,351 | Sales 3 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 48,337-48,337sqft | Price Range AED 50.3M - AED 50.3M | Avg PSF 1,041 | Sales 1 | Trend — |
Grouped into 6 asset classes covering 110 units