REEF TOWER
MatureCommunityJumeirah Lakes Towers
AreaAl Thanyah Fifth
Started
17 years 8 months ago05-05-2008
Handover
16 years 11 months ago04-02-2009
Status
CompleteFinished
Project Description
32 Storey Commercial Building located in Jumeirah Lake Towers.
Performance Alpha
Market Sales: Last 90Dvs Last 12M Baseline
Rising+11%
GrowthCurrent:AED 2,623/sqft
Last 12M:AED 2,368/sqft
Momentum: Last 12Mvs Prior Year
Rising+13%
GrowthLast 12M:AED 2,368/sqft
Prior Year:AED 2,098/sqft
Community Compare: Last 90DJumeirah Lakes Towers
Premium+53%
Above AvgProject:AED 2,623/sqft
Community:AED 1,716/sqft
Liquidity: Last 12MExit Speed
Moderate17%Turnover
21Sold (Last 12M)
Supply & Demand Matrix
REEF TOWER averaged 17% 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
3 units
0 sold3 left
0%
Velocity
Office
118 units
21 sold97 left
18%
Velocity
Layouts & Units (121)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Building | Inventory 0units | Size Range 21,636-21,636sqft | Price Range — | Avg PSF 889 | Sales 0 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 1,802-3,076sqft | Price Range — | Avg PSF 4,183 | Sales 0 | Trend — | |
Asset Class OfficeFloors 1-32 | Inventory 118units 32 layouts · Typically 3.2 parking 58-499 sqm balcony | Size Range 431-16,754sqft | Price Range AED 284K - AED 18.4M | Avg PSF 1,146 | Sales 263 | Trend — | |
Asset Class ShopPodium | Inventory 3units 3 layouts · Typically 4 parking | Size Range 2,568-3,859sqft | Price Range AED 2.6M - AED 13.6M | Avg PSF 1,704 | Sales 7 | Trend — |
Grouped into 4 asset classes covering 121 units