JUMEIRAH BUSINESS CENTRE3
ResaleDeveloperAL FAJER PROPERTIES (L. L. C)
CommunityJumeirah Lakes Towers
AreaAl Thanyah Fifth
Started
18 years 11 months ago04-02-2007
Handover
15 years 8 months ago03-05-2010
Status
CompleteFinished
Project Description
Freehold commercial tower development located at the business hub at Jumeirah Lakes Towers (Emirates Hills First). The building is designed and constructed as a 39 storey high tower formed in a concrete structure with black reflective glass exterior. The office units will be handed over as ?core and shell? to be individually fitted by their respective owners.
Performance Alpha
Rent Pricing: L12MPer Sqft / Year
AED 1,761/sqft
Range:AED 280 – AED 3K
Avg Unit:AED 274K/yr
Leasing Volume: L12MContracts Signed
Active92Total
New:51
Renew:41
Tenant RetentionRenewal Rate
Good45%renewals
55% new tenants45% renewals
Gross YieldAnnual Return
High Yield91.9%Yield
Rent:AED 1,761/sqft
Price:AED 1,916/sqft
Supply & Demand Matrix
JUMEIRAH BUSINESS CENTRE3 averaged 0% liquidity over the last 12 months, which is considered low. 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
18 units
0 sold18 left
0%
Velocity
Office
228 units
0 sold228 left
0%
Velocity
Layouts & Units (246)
| Property Type | Contracts (L12M) | Size Range | Rent Range (PSF) | Avg Rent/Sqft | Avg Annual | |
|---|---|---|---|---|---|---|
Property Type Officeoffice | Contracts 957 | Size Range 95-643sqft | Rent Range 426-4,712 | Avg Rent/Sqft 1,235AED | Avg Annual AED 186K | |
Property Type Shopretail | Contracts 43 | Size Range 8-730sqft | Rent Range 243-3,353 | Avg Rent/Sqft 1,628AED | Avg Annual AED 184K |
1,000 rental contracts grouped into 2 property types