THE WIND TOWER II
HandoverCommunityJumeirah Islands
AreaAl Thanyah Fifth
Started
21 years 7 months ago01-06-2004
Handover
2 years 7 months ago05-06-2023
Status
85% BuiltIn Progress
Project Description
Freehold mixed use residential/commercial tower development in Jumeirah Lakes Towers. The project is designed to be 3B+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
Rising+40%
GrowthCurrent:AED 1,454/sqft
Last 12M:AED 1,037/sqft
Momentum: Last 12Mvs Prior Year
Rising+18%
GrowthLast 12M:AED 1,037/sqft
Prior Year:AED 877/sqft
Community Compare: Last 90DJumeirah Islands
Discount-33%
Below AvgProject:AED 1,454/sqft
Community:AED 2,166/sqft
Liquidity: Last 12MExit Speed
Low1%Turnover
6Sold (Last 12M)
Supply & Demand Matrix
THE WIND TOWER II averaged 1% 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
54 units
0 sold54 left
0%
Velocity
1 Bedroom
52 units
2 sold50 left
4%
Velocity
2 Bedrooms
44 units
0 sold44 left
0%
Velocity
3 Bedrooms
44 units
1 sold43 left
2%
Velocity
4 Bedrooms
4 units
0 sold4 left
0%
Velocity
Shop
56 units
1 sold55 left
2%
Velocity
Office
176 units
2 sold174 left
1%
Velocity
Layouts & Units (430)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 12-18 | Inventory 54units 14 layouts · Typically 1 parking ~6 sqm balcony | Size Range 379-516sqft | Price Range AED 257K - AED 513K | Avg PSF 840 | Sales 50 | Trend — | |
Asset Class 1 Bed FlatFloors 13-28 | Inventory 52units 13 layouts · Typically 1 parking ~6 sqm balcony | Size Range 629-935sqft | Price Range AED 401K - AED 1.1M | Avg PSF 805 | Sales 63 | Trend — | |
Asset Class 2 Bed FlatFloors 13-28 | Inventory 44units 11 layouts · Typically 1 parking 6-34 sqm balcony | Size Range 252-1,685sqft | Price Range AED 410K - AED 1.4M | Avg PSF 692 | Sales 44 | Trend — | |
Asset Class 3 Bed FlatFloors 19-30 | Inventory 44units 18 layouts · Typically 1 parking 15-122 sqm balcony | Size Range 1,864-4,130sqft | Price Range AED 946K - AED 2.9M | Avg PSF 781 | Sales 47 | Trend — | |
Asset Class 4 Bed FlatFloors 19-30 | Inventory 4units 4 layouts · Typically 1 parking 19-186 sqm balcony | Size Range 2,624-5,007sqft | Price Range AED 2.1M - AED 3.2M | Avg PSF 781 | Sales 6 | 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 OfficeFloors 3-10 | Inventory 176units 17 layouts · Typically 1 parking 5-6 sqm balcony | Size Range 62-659sqft | Price Range AED 76K - AED 908K | Avg PSF 909 | Sales 170 | Trend — | |
Asset Class ShopPodium + Floors 1-2 | Inventory 56units 27 layouts · Typically 1 parking 35-38 sqm balcony | Size Range 117-898sqft | Price Range AED 190K - AED 1.5M | Avg PSF 1,253 | Sales 53 | Trend — |
Grouped into 8 asset classes covering 430 units