WEST AVENUE
ResaleDeveloperWEST AVENUE LIMITED
CommunityDubai Marina
AreaMarsa Dubai
Started
15 years 6 months ago27-06-2010
Handover
11 years 7 months ago04-06-2014
Status
CompleteFinished
Project Description
Freehold commercial and residential tower located in Dubai Marina. The tower consists of 2B+G+3P+28. The building is formed in a concrete structure with its external and internal finishes.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Falling-34%
DeclineCurrent:AED 986/sqft
Last 12M:AED 1,483/sqft
Momentum: Last 12Mvs Prior Year
Falling-21%
DeclineLast 12M:AED 1,483/sqft
Prior Year:AED 1,884/sqft
Community Compare: Last 90DDubai Marina
Discount-43%
Below AvgProject:AED 986/sqft
Community:AED 1,731/sqft
Liquidity: Last 12MExit Speed
Moderate10%Turnover
28Sold (Last 12M)
Supply & Demand Matrix
WEST AVENUE 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
Studio
21 units
2 sold19 left
10%
Velocity
1 Bedroom
150 units
14 sold136 left
9%
Velocity
2 Bedrooms
96 units
12 sold84 left
13%
Velocity
4 Bedrooms
4 units
0 sold4 left
0%
Velocity
Shop
6 units
0 sold6 left
0%
Velocity
Layouts & Units (277)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 3-23 | Inventory 21units Typically 1 parking ~6 sqm balcony | Size Range 443-460sqft | Price Range AED 663K - AED 1.3M | Avg PSF 1,798 | Sales 35 | Trend — | |
Asset Class 1 Bed FlatFloors 1-32 | Inventory 150units 19 layouts · Typically 1 parking 10-37 sqm balcony | Size Range 90-1,125sqft | Price Range AED 58K - AED 1.9M | Avg PSF 1,593 | Sales 288 | Trend — | |
Asset Class 2 Bed FlatFloors 3-32 | Inventory 96units 7 layouts · Typically 1 parking 16-17 sqm balcony | Size Range 619-1,391sqft | Price Range AED 83K - AED 3.1M | Avg PSF 1,494 | Sales 159 | Trend — | |
Asset Class 4 Bed FlatFloors 33-34 | Inventory 4units 2 layouts · Typically 2 parking 52-53 sqm balcony | Size Range 4,062-4,404sqft | Price Range AED 7.2M - AED 9.5M | Avg PSF 1,616 | Sales 5 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 42,988-42,988sqft | Price Range — | Avg PSF 4,614 | Sales 0 | Trend — | |
Asset Class ShopPodium | Inventory 6units 6 layouts · Typically 2 parking | Size Range 656-2,421sqft | Price Range AED 2.5M - AED 10.0M | Avg PSF 3,414 | Sales 9 | Trend — |
Grouped into 6 asset classes covering 277 units