Skyhills Residences
HandoverDeveloperHRE REAL ESTATE DEVELOPMENT L.L.C
CommunityDubai Science Park
Started
2 years 3 months ago01-10-2023
Handover
In 8 months01-10-2026
Status
70% BuiltIn Progress
Project Description
Proposed building consist of ((2B+G+M+3P : COMMON)+two towers (1.residential apartments 42 floors)and (2.serviced apartments 35 floors)) located at Albarsha South Second 672-0 ,plot no 71, the project designed of concrete structure with internal and external finishes.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Rising+4%
GrowthCurrent:AED 1,554/sqft
Last 12M:AED 1,490/sqft
Momentum: Last 12Mvs Prior Year
Rising+4%
GrowthLast 12M:AED 1,490/sqft
Prior Year:AED 1,437/sqft
Community Compare: Last 90DDubai Science Park
Discount-14%
Below AvgProject:AED 1,554/sqft
Community:AED 1,809/sqft
Liquidity: Last 12MExit Speed
Moderate13%Turnover
153Sold (Last 12M)
Supply & Demand Matrix
Skyhills Residences averaged 13% liquidity over the last 12 months, which is considered moderate. 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
400 units
65 sold335 left
16%
Velocity
1 Bedroom
438 units
46 sold392 left
11%
Velocity
2 Bedrooms
292 units
42 sold250 left
14%
Velocity
3 Bedrooms
12 units
0 sold12 left
0%
Velocity
PENTHOUSE
2 units
0 sold2 left
0%
Velocity
Shop
19 units
0 sold19 left
0%
Velocity
Layouts & Units (1,163)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 2-40 | Inventory 400units 142 layouts · Typically 0.9 parking 6-14 sqm balcony | Size Range 228-1,026sqft | Price Range AED 548K - AED 1.2M | Avg PSF 1,513 | Sales 394 | Trend — | |
Asset Class 1 Bed FlatFloors 1-40 | Inventory 438units 191 layouts · Typically 0.9 parking 9-36 sqm balcony | Size Range 306-1,166sqft | Price Range AED 750K - AED 1.6M | Avg PSF 1,421 | Sales 427 | Trend — | |
Asset Class 2 Bed FlatFloors 1-40 | Inventory 292units 179 layouts · Typically 0.9 parking 19-35 sqm balcony | Size Range 850-1,394sqft | Price Range AED 800K - AED 2.1M | Avg PSF 1,376 | Sales 280 | Trend — | |
Asset Class 3 Bed FlatFloors 31-39 | Inventory 12units 12 layouts · Typically 1 parking 24-87 sqm balcony | Size Range 1,704-2,575sqft | Price Range AED 5.1M - AED 5.1M | Avg PSF 1,998 | Sales 1 | Trend — | |
Asset Class 22 Bed FlatFloor 41 | Inventory 2units 2 layouts 377-391 sqm balcony | Size Range 8,967-9,419sqft | Price Range — | Avg PSF — | Sales 0 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 105,459-105,459sqft | Price Range AED 81.2M - AED 114.7M | Avg PSF 859 | Sales 2 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 901-903sqft | Price Range — | Avg PSF 18,062 | Sales 0 | Trend — | |
Asset Class ShopPodium | Inventory 19units 19 layouts | Size Range 906-6,231sqft | Price Range — | Avg PSF — | Sales 0 | Trend — |
Grouped into 8 asset classes covering 1,163 units