PARK RIDGE
ResaleDeveloperDUBAI HILLS ESTATE L.L.C
CommunityDubai Hills Estate
Started
8 years 2 months ago01-11-2017
Handover
3 years 8 months ago08-05-2022
Status
CompleteFinished
Project Description
PROJECT CONSISTS OF 3 RESIDENTIAL BUILDING ( A:2B+G+9, B:2B+G+12, C:2B+G+22) AND 22 NOS. G+1 TOWN HOUSES LOCATED IN HADAEQ SHEIKH MOHAMMED BIN RASHID. THE APARTMENTS ARE 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 2,291/sqft
Last 12M:AED 2,327/sqft
Momentum: Last 12Mvs Prior Year
Stable+2%
GrowthLast 12M:AED 2,327/sqft
Prior Year:AED 2,286/sqft
Community Compare: Last 90DDubai Hills Estate
At Market+1%
Above AvgProject:AED 2,291/sqft
Community:AED 2,268/sqft
Liquidity: Last 12MExit Speed
Moderate10%Turnover
103Sold (Last 12M)
Supply & Demand Matrix
PARK RIDGE 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
489 units
54 sold435 left
11%
Velocity
2 Bedrooms
474 units
39 sold435 left
8%
Velocity
3 Bedrooms
91 units
10 sold81 left
11%
Velocity
Shop
2 units
0 sold2 left
0%
Velocity
Layouts & Units (1,056)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class 1 Bed FlatPodium + Floors 1-22 | Inventory 489units 122 layouts · Typically 1 parking 4-27 sqm balcony | Size Range 160-916sqft | Price Range AED 19K - AED 2.0M | Avg PSF 1,712 | Sales 136 | Trend — | |
Asset Class 2 Bed FlatPodium + Floors 1-22 | Inventory 474units 124 layouts · Typically 1 parking 5-75 sqm balcony | Size Range 329-1,956sqft | Price Range AED 103K - AED 4.1M | Avg PSF 1,662 | Sales 131 | Trend — | |
Asset Class 3 Bed FlatPodium + Floors 1-22 | Inventory 91units 51 layouts · Typically 1.5 parking 17-135 sqm balcony | Size Range 786-3,115sqft | Price Range AED 2.4M - AED 5.0M | Avg PSF 1,497 | Sales 24 | Trend — | |
Asset Class ShopPodium | Inventory 2units 2 layouts · Typically 2 parking | Size Range 530-1,399sqft | Price Range — | Avg PSF — | Sales 0 | Trend — |
Grouped into 4 asset classes covering 1,056 units