BALQIS RESIDENCE
ResaleDeveloperBALQIS RESIDENCE FZE
CommunityPalm Jumeirah
AreaPalm Jumeirah
Started
17 years 6 months ago29-06-2008
Handover
6 years 2 months ago30-10-2019
Status
CompleteFinished
Project Description
Freehold mix residential development consisting of 34 Villas (B+G+1) and 3 residential buildings (B+G+12)that comprise of Townhouses and Apartments built as a concrete structure with cement render exterior.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Rising+8%
GrowthCurrent:AED 2,348/sqft
Last 12M:AED 2,183/sqft
Momentum: Last 12Mvs Prior Year
Rising+19%
GrowthLast 12M:AED 2,183/sqft
Prior Year:AED 1,832/sqft
Community Compare: Last 90DPalm Jumeirah
Discount-33%
Below AvgProject:AED 2,235/sqft
Community:AED 3,346/sqft
Liquidity: Last 12MExit Speed
Low9%Turnover
35Sold (Last 12M)
Supply & Demand Matrix
BALQIS RESIDENCE averaged 9% 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
Studio
44 units
2 sold42 left
5%
Velocity
1 Bedroom
23 units
2 sold21 left
9%
Velocity
2 Bedrooms
135 units
15 sold120 left
11%
Velocity
3 Bedrooms
109 units
3 sold106 left
3%
Velocity
4 Bedrooms
38 units
5 sold33 left
13%
Velocity
5 Bedrooms
31 units
8 sold23 left
26%
Velocity
6 Bedrooms
1 units
0 sold1 left
0%
Velocity
Shop
14 units
0 sold14 left
0%
Velocity
9 Bedrooms
1 units
0 sold1 left
0%
Velocity
Layouts & Units (398)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class 2 Bed FlatFloors 1-10 | Inventory 121units 111 layouts · Typically 1.1 parking 10-175 sqm balcony | Size Range 1,837-3,853sqft | Price Range AED 1.5M - AED 6.5M | Avg PSF 1,497 | Sales 73 | Trend — | |
Asset Class 3 Bed FlatFloors 1-10 | Inventory 88units 79 layouts · Typically 1.5 parking 22-262 sqm balcony | Size Range 853-8,686sqft | Price Range AED 1.7M - AED 17.5M | Avg PSF 1,520 | Sales 65 | Trend — | |
Asset Class 4 Bed FlatPodium + Floors 2-11 | Inventory 38units 31 layouts · Typically 1.5 parking 28-314 sqm balcony | Size Range 2,142-15,653sqft | Price Range AED 3.0M - AED 19.0M | Avg PSF 1,528 | Sales 33 | Trend — | |
Asset Class 5 Bed FlatPodium + Floors 2-11 | Inventory 31units 21 layouts · Typically 1.4 parking 42-685 sqm balcony | Size Range 3,490-18,664sqft | Price Range AED 3.3M - AED 64.0M | Avg PSF 1,463 | Sales 23 | Trend — | |
Asset Class 6 Bed FlatFloor 11 | Inventory 1units Typically 3 parking ~659 sqm balcony | Size Range 17,360-19,022sqft | Price Range AED 24.6M - AED 24.6M | Avg PSF 1,160 | Sales 1 | Trend — | |
Asset Class 9 Bed FlatFloor 11 | Inventory 1units Typically 3 parking ~635 sqm balcony | Size Range 21,922-21,922sqft | Price Range — | Avg PSF 1,422 | Sales 0 | Trend — | |
Asset Class GymnasiumPodium | Inventory 1units Typically 3 parking | Size Range 5,283-5,283sqft | Price Range AED 6.1M - AED 6.1M | Avg PSF 1,158 | Sales 1 | Trend — | |
Asset Class 68 Bed HotelPodium | Inventory 1units Typically 1 parking | Size Range 420,220-420,220sqft | Price Range — | Avg PSF — | Sales 0 | Trend — | |
Asset Class 2 Bed Hotel ApartmentPodium + Floors 1-5 | Inventory 14units 14 layouts · Typically 1 parking 8-34 sqm balcony | Size Range 1,145-2,122sqft | Price Range AED 2.2M - AED 2.9M | Avg PSF 1,722 | Sales 11 | Trend — | |
Asset Class 3 Bed Hotel ApartmentPodium + Floors 1-5 | Inventory 21units 21 layouts · Typically 2 parking 7-42 sqm balcony | Size Range 1,028-2,861sqft | Price Range AED 2.4M - AED 3.8M | Avg PSF 1,774 | Sales 19 | Trend — | |
Asset Class Hotel ApartmentPodium + Floors 1-5 | Inventory 44units 44 layouts · Typically 1 parking 5-18 sqm balcony | Size Range 508-819sqft | Price Range AED 1.1M - AED 1.8M | Avg PSF 1,812 | Sales 33 | Trend — | |
Asset Class 1 Bed Hotel ApartmentPodium + Floors 1-5 | Inventory 23units 23 layouts · Typically 1 parking 5-25 sqm balcony | Size Range 719-1,536sqft | Price Range AED 1.3M - AED 2.8M | Avg PSF 1,728 | Sales 17 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 1,878-4,918sqft | Price Range — | Avg PSF 42,118 | Sales 0 | Trend — | |
Asset Class ShopPodium | Inventory 14units 14 layouts · Typically 2.4 parking 14-225 sqm balcony | Size Range 7-6,709sqft | Price Range AED 10K - AED 11.9M | Avg PSF 2,397 | Sales 14 | Trend — | |
Asset Class Villa | Inventory 0units | Size Range 1,527,150-1,527,150sqft | Price Range — | Avg PSF 100 | Sales 0 | Trend — |
Grouped into 15 asset classes covering 398 units