THE WIND TOWER I
HandoverCommunityJumeirah Islands
AreaAl Thanyah Fifth
Started
22 years 7 months ago01-06-2003
Handover
2 years 7 months ago05-06-2023
Status
75% BuiltIn Progress
Project Description
Freehold mixed use residential/commercial tower development in Jumeirah Lakes Towers. The project is designed to be 5B+G+30 floors. The tower is designed to be constructed out of concrete structure with its external and internal finishes.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Stable0%
GrowthCurrent:AED 1,112/sqft
Last 12M:AED 1,113/sqft
Momentum: Last 12Mvs Prior Year
Stable-2%
DeclineLast 12M:AED 1,113/sqft
Prior Year:AED 1,134/sqft
Community Compare: Last 90DJumeirah Islands
Discount-49%
Below AvgProject:AED 1,112/sqft
Community:AED 2,166/sqft
Liquidity: Last 12MExit Speed
Low4%Turnover
19Sold (Last 12M)
Supply & Demand Matrix
THE WIND TOWER I averaged 4% liquidity over the last 12 months, which is considered low. 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
221 units
10 sold211 left
5%
Velocity
1 Bedroom
218 units
7 sold211 left
3%
Velocity
2 Bedrooms
53 units
2 sold51 left
4%
Velocity
4 Bedrooms
2 units
0 sold2 left
0%
Velocity
5 Bedrooms
2 units
0 sold2 left
0%
Velocity
Shop
15 units
0 sold15 left
0%
Velocity
Office
14 units
0 sold14 left
0%
Velocity
Layouts & Units (525)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 1-15 | Inventory 221units 33 layouts · Typically 1 parking 3-25 sqm balcony | Size Range 312-1,394sqft | Price Range AED 103K - AED 1.1M | Avg PSF 981 | Sales 343 | Trend — | |
Asset Class 1 Bed FlatFloors 2-29 | Inventory 218units 22 layouts · Typically 1 parking 4-34 sqm balcony | Size Range 542-1,362sqft | Price Range AED 309K - AED 1.2M | Avg PSF 778 | Sales 309 | Trend — | |
Asset Class 2 Bed FlatFloors 2-30 | Inventory 53units 8 layouts · Typically 1 parking 4-92 sqm balcony | Size Range 1,039-2,617sqft | Price Range AED 558K - AED 1.9M | Avg PSF 770 | Sales 68 | Trend — | |
Asset Class 4 Bed FlatFloor 30 | Inventory 2units 2 layouts · Typically 1 parking ~220 sqm balcony | Size Range 5,220-7,480sqft | Price Range AED 1.7M - AED 3.3M | Avg PSF 444 | Sales 3 | Trend — | |
Asset Class 5 Bed FlatFloor 30 | Inventory 2units 2 layouts · Typically 1 parking ~213 sqm balcony | Size Range 5,504-5,509sqft | Price Range AED 2.1M - AED 3.7M | Avg PSF 551 | Sales 3 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 17,760-17,761sqft | Price Range AED 10.2M - AED 17.5M | Avg PSF 779 | Sales 2 | Trend — | |
Asset Class OfficeFloor 14 | Inventory 14units 12 layouts · Typically 1 parking | Size Range 334-1,494sqft | Price Range AED 814 - AED 1.1M | Avg PSF 721 | Sales 14 | Trend — | |
Asset Class ShopPodium | Inventory 15units 14 layouts · Typically 1 parking | Size Range 100-465sqft | Price Range AED 158K - AED 580K | Avg PSF 1,499 | Sales 17 | Trend — |
Grouped into 8 asset classes covering 525 units