PLATINUM TOWER
MatureDeveloperALSHAFAR DEVELOPMENT L.L.C
CommunityJumeirah Lakes Towers
AreaAl Thanyah Fifth
Started
18 years 4 months ago01-09-2007
Handover
13 years 1 month ago23-12-2012
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 4B+G+44 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+6%
GrowthCurrent:AED 2,408/sqft
Last 12M:AED 2,267/sqft
Momentum: Last 12Mvs Prior Year
Rising+14%
GrowthLast 12M:AED 2,267/sqft
Prior Year:AED 1,990/sqft
Community Compare: Last 90DJumeirah Lakes Towers
Premium+40%
Above AvgProject:AED 2,408/sqft
Community:AED 1,716/sqft
Liquidity: Last 12MExit Speed
Moderate12%Turnover
53Sold (Last 12M)
Supply & Demand Matrix
PLATINUM TOWER averaged 12% 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
34 units
6 sold28 left
18%
Velocity
Office
419 units
47 sold372 left
11%
Velocity
Layouts & Units (453)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Building | Inventory 0units | Size Range 17,761-17,761sqft | Price Range — | Avg PSF 1,267 | Sales 0 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 544-1,439sqft | Price Range — | Avg PSF 13,847 | Sales 0 | Trend — | |
Asset Class OfficeFloors 2-44 | Inventory 419units 19 layouts · Typically 1 parking 21-47 sqm balcony | Size Range 351-7,657sqft | Price Range AED 338K - AED 3.0M | Avg PSF 1,125 | Sales 628 | Trend — | |
Asset Class ShopPodium + Floor 1 | Inventory 34units 30 layouts · Typically 1.1 parking ~293 sqm balcony | Size Range 340-9,001sqft | Price Range AED 968K - AED 15.6M | Avg PSF 1,742 | Sales 46 | Trend — |
Grouped into 4 asset classes covering 453 units