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BUSINESS AVENUE AA1

Mature
DeveloperAL MAZAYA HOLDING COMPANY
CommunityJumeirah Lakes Towers
AreaAl Thanyah Fifth
Started
15 years 3 months ago17-10-2010
Handover
14 years 10 months ago22-03-2011
Status
CompleteFinished
Project Description

Three freehold commercial tower development located at the Jumeirah lake towers . Each tower is designed to have 4B+G+M+3P+45 storey high tower formed in a concrete structure with reflective glass exterior. The office units will be handed over as ?shell and core? to be individually fitted by their respective owners.

Performance Alpha

Market Sales: Last 90Dvs Last 12M Baseline
Rising
+10%
Growth
Current:AED 1,559/sqft
Last 12M:AED 1,411/sqft
Momentum: Last 12Mvs Prior Year
Rising
+31%
Growth
Last 12M:AED 1,411/sqft
Prior Year:AED 1,074/sqft
Community Compare: Last 90DJumeirah Lakes Towers
Discount
-9%
Below Avg
Project:AED 1,559/sqft
Community:AED 1,716/sqft
Liquidity: Last 12MExit Speed
Moderate
10%Turnover
38Sold (Last 12M)

Supply & Demand Matrix

BUSINESS AVENUE AA1 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
Shop
6 units
0%
Velocity
Office
359 units
11%
Velocity

Layouts & Units (365)

Asset Class
Building
Inventory
0units
Size Range
54,621-54,621sqft
Price Range
—
Avg PSF
458
Sales
0
Trend
—
Asset Class
Land
Inventory
0units
Size Range
1,104-1,691sqft
Price Range
—
Avg PSF
5,499
Sales
0
Trend
—
Asset Class
OfficeFloors 1-45
Inventory
359units
63 layouts · Typically 1 parking
Size Range
210-2,110sqft
Price Range
AED 15K - AED 14.7M
Avg PSF
803
Sales
657
Trend
—
Asset Class
ShopPodium
Inventory
6units
6 layouts · Typically 6.8 parking
Size Range
2,532-10,731sqft
Price Range
AED 14.3M - AED 17.4M
Avg PSF
1,634
Sales
2
Trend
—

Grouped into 4 asset classes covering 365 units