ELITE RESIDENCE
MatureDeveloperTAMEER HOLDING INVESTMENT (LLC)
CommunityDubai Marina
AreaMarsa Dubai
Started
17 years 10 months ago10-03-2008
Handover
13 years 6 months ago12-07-2012
Status
CompleteFinished
Project Description
Freehold residential tower development located in the Dubai Marina area. The tower is designed to consist of 4B+G+4P+82. The total number of units is expected to be 703 units and the building is to be constructed out of concrete with glass and hard surface finishes externally.
Performance Alpha
Market Sales: Last 90Dvs Last 12M Baseline
Falling-6%
DeclineCurrent:AED 1,378/sqft
Last 12M:AED 1,459/sqft
Momentum: Last 12Mvs Prior Year
Stable-2%
DeclineLast 12M:AED 1,459/sqft
Prior Year:AED 1,491/sqft
Community Compare: Last 90DDubai Marina
Discount-19%
Below AvgProject:AED 1,400/sqft
Community:AED 1,731/sqft
Liquidity: Last 12MExit Speed
Moderate10%Turnover
69Sold (Last 12M)
Supply & Demand Matrix
ELITE RESIDENCE 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
416 units
38 sold378 left
9%
Velocity
2 Bedrooms
208 units
24 sold184 left
12%
Velocity
3 Bedrooms
22 units
1 sold21 left
5%
Velocity
4 Bedrooms
50 units
6 sold44 left
12%
Velocity
5 Bedrooms
1 units
0 sold1 left
0%
Velocity
Shop
3 units
0 sold3 left
0%
Velocity
Layouts & Units (700)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class 1 Bed FlatFloors 7-59 | Inventory 416units 9 layouts · Typically 1 parking 3-4 sqm balcony | Size Range 200-960sqft | Price Range AED 29K - AED 2.9M | Avg PSF 1,408 | Sales 849 | Trend — | |
Asset Class 2 Bed FlatFloors 7-59 | Inventory 208units 3 layouts · Typically 1 parking ~3 sqm balcony | Size Range 166-1,331sqft | Price Range AED 213K - AED 4.3M | Avg PSF 1,348 | Sales 450 | Trend — | |
Asset Class 3 Bed FlatFloors 71-82 | Inventory 22units 4 layouts · Typically 2.5 parking 15-29 sqm balcony | Size Range 3,177-6,127sqft | Price Range AED 2.3M - AED 13.8M | Avg PSF 1,337 | Sales 40 | Trend — | |
Asset Class 4 Bed FlatFloors 61-81 | Inventory 50units 5 layouts · Typically 1.8 parking 14-30 sqm balcony | Size Range 161-6,246sqft | Price Range AED 44K - AED 12.9M | Avg PSF 1,304 | Sales 98 | Trend — | |
Asset Class 5 Bed FlatFloor 83 | Inventory 1units Typically 6 parking ~73 sqm balcony | Size Range 12,469-12,469sqft | Price Range AED 15.8M - AED 25.0M | Avg PSF 1,634 | Sales 2 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 737-3,250sqft | Price Range — | Avg PSF 5,629 | Sales 0 | Trend — | |
Asset Class ShopPodium | Inventory 3units 3 layouts · Typically 1 parking | Size Range 2,962-3,250sqft | Price Range AED 8.9M - AED 8.9M | Avg PSF 2,656 | Sales 1 | Trend — |
Grouped into 7 asset classes covering 700 units