Dubai Wharf - Tower 2
ResaleDeveloperDUBAI WHARF L.L.C
CommunityJaddaf Waterfront
AreaAl Jadaf
Started
11 years 2 months ago30-10-2014
Handover
8 years 11 months ago15-02-2017
Status
CompleteFinished
Project Description
Residential Tower with 254 apartments sharing a Retail podium and 3 levels of basement car parking With 3 towers 3(3B+G+P+7,8)
Performance Alpha
Sales Performance
Blended: Last 90Dvs Last 12M Baseline
Falling-6%Decline
Current:AED 1,176/sqft
Last 12M:AED 1,247/sqft
Momentum: Last 12Mvs Prior Year
Falling-3%Decline
Last 12M:AED 1,247/sqft
Prior Year:AED 1,292/sqft
Community Compare: Last 90DJaddaf Waterfront
Discount-37%Below Avg
Project:AED 1,176/sqft
Community:AED 1,866/sqft
Liquidity: Last 12MExit Speed
Moderate10%Turnover
25Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 792/sqft
Range:AED 88 – AED 1K
Avg Unit:AED 83K/yr
Leasing Volume: L12MContracts Signed
Very Active167Total
New:54
Renew:113
Tenant RetentionRenewal Rate
Excellent68%renewals
32% new tenants68% renewals
Gross YieldAnnual Return
High Yield67.3%Yield
Rent:AED 792/sqft
Price:AED 1,176/sqft
Supply & Demand Matrix
Dubai Wharf - Tower 2 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
91 units
11 sold80 left
12%
Velocity
1 Bedroom
61 units
6 sold55 left
10%
Velocity
2 Bedrooms
83 units
7 sold76 left
8%
Velocity
3 Bedrooms
19 units
1 sold18 left
5%
Velocity
Layouts & Units (254)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 2-8 | Inventory 91units 67 layouts · Typically 1 parking 8-41 sqm balcony | Size Range 643-1,006sqft | Price Range AED 595K - AED 1.1M | Avg PSF 1,253 | Sales 39 | Trend — | |
Asset Class 1 Bed FlatFloors 2-8 | Inventory 61units 38 layouts · Typically 1 parking 6-207 sqm balcony | Size Range 299-3,236sqft | Price Range AED 397K - AED 2.2M | Avg PSF 1,144 | Sales 37 | Trend — | |
Asset Class 2 Bed FlatFloors 2-8 | Inventory 83units 69 layouts · Typically 1.2 parking 7-111 sqm balcony | Size Range 1,327-2,466sqft | Price Range AED 1.2M - AED 2.8M | Avg PSF 1,209 | Sales 26 | Trend — | |
Asset Class 3 Bed FlatFloors 2-8 | Inventory 19units 14 layouts · Typically 2 parking 9-177 sqm balcony | Size Range 1,890-3,693sqft | Price Range AED 3.4M - AED 3.6M | Avg PSF 1,372 | Sales 3 | Trend — |
Grouped into 4 asset classes covering 254 units