AZURE RESIDENCE
ResaleDeveloperTHE PALM - JUMEIRAH CO. (L.L.C)
CommunityPalm Jumeirah
AreaPalm Jumeirah
Started
12 years ago30-12-2013
Handover
9 years 7 months ago29-05-2016
Status
CompleteFinished
Project Description
Main Building: Residential+Retail 1B+G+10+2R and Round Restaurant Building G+1+R.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Rising+6%
GrowthCurrent:AED 2,672/sqft
Last 12M:AED 2,510/sqft
Momentum: Last 12Mvs Prior Year
Rising+5%
GrowthLast 12M:AED 2,510/sqft
Prior Year:AED 2,400/sqft
Community Compare: Last 90DPalm Jumeirah
Discount-18%
Below AvgProject:AED 2,747/sqft
Community:AED 3,346/sqft
Liquidity: Last 12MExit Speed
Low7%Turnover
13Sold (Last 12M)
Supply & Demand Matrix
AZURE RESIDENCE averaged 7% 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
1 Bedroom
140 units
8 sold132 left
6%
Velocity
2 Bedrooms
30 units
5 sold25 left
17%
Velocity
Shop
8 units
0 sold8 left
0%
Velocity
Layouts & Units (179)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class 1 Bed FlatFloors 1-10 | Inventory 140units 14 layouts 26-50 sqm balcony | Size Range 593-1,404sqft | Price Range AED 1.3M - AED 3.7M | Avg PSF 2,050 | Sales 87 | Trend — | |
Asset Class 2 Bed FlatFloors 1-10 | Inventory 30units 11 layouts 53-76 sqm balcony | Size Range 1,008-2,262sqft | Price Range AED 2.4M - AED 5.9M | Avg PSF 2,302 | Sales 18 | Trend — | |
Asset Class 49 Bed Gymnasium | Inventory 1units | Size Range 3,401-3,401sqft | Price Range — | Avg PSF — | Sales 0 | Trend — | |
Asset Class ShopPodium | Inventory 8units 7 layouts | Size Range 1,129-6,005sqft | Price Range — | Avg PSF — | Sales 0 | Trend — |
Grouped into 4 asset classes covering 179 units