FAIRMONT PALM RESIDENCE
ResaleDeveloperTHE PALM VACATION CLUB FZE
CommunityPalm Jumeirah
AreaPalm Jumeirah
Started
19 years 1 month ago30-11-2006
Handover
15 years 10 months ago24-03-2010
Status
CompleteFinished
Project Description
Freehold twin residential buildings located in Palm Jumeirah. The buildings are designed to be 2B+G+11 storey. They are constructed out of concrete structure with internal and external finishes.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Rising+20%
GrowthCurrent:AED 3,347/sqft
Last 12M:AED 2,795/sqft
Momentum: Last 12Mvs Prior Year
Rising+14%
GrowthLast 12M:AED 2,795/sqft
Prior Year:AED 2,446/sqft
Community Compare: Last 90DPalm Jumeirah
At Market0%
Above AvgProject:AED 3,347/sqft
Community:AED 3,346/sqft
Liquidity: Last 12MExit Speed
Low9%Turnover
49Sold (Last 12M)
Supply & Demand Matrix
FAIRMONT PALM 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
1 Bedroom
164 units
7 sold157 left
4%
Velocity
2 Bedrooms
268 units
26 sold242 left
10%
Velocity
3 Bedrooms
78 units
8 sold70 left
10%
Velocity
4 Bedrooms
20 units
3 sold17 left
15%
Velocity
5 Bedrooms
2 units
0 sold2 left
0%
Velocity
PENTHOUSE
30 units
5 sold25 left
17%
Velocity
Office
6 units
0 sold6 left
0%
Velocity
Layouts & Units (570)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Flat | Inventory 0units | Size Range 4,001-12,077sqft | Price Range AED 4.7M - AED 15.0M | Avg PSF 1,544 | Sales 46 | Trend — | |
Asset Class 1 Bed FlatFloors 1-9 | Inventory 164units 28 layouts · Typically 1 parking 13-51 sqm balcony | Size Range 645-1,874sqft | Price Range AED 660K - AED 3.9M | Avg PSF 1,345 | Sales 240 | Trend — | |
Asset Class 2 Bed FlatFloors 1-9 | Inventory 268units 45 layouts · Typically 1 parking 18-61 sqm balcony | Size Range 431-2,261sqft | Price Range AED 600K - AED 11.0M | Avg PSF 1,672 | Sales 443 | Trend — | |
Asset Class 3 Bed FlatFloors 1-10 | Inventory 78units 28 layouts · Typically 1.8 parking 18-122 sqm balcony | Size Range 2,175-6,849sqft | Price Range AED 1.9M - AED 21.0M | Avg PSF 1,499 | Sales 139 | Trend — | |
Asset Class 4 Bed FlatFloors 1-9 | Inventory 20units 5 layouts · Typically 2.1 parking 34-138 sqm balcony | Size Range 528-5,465sqft | Price Range AED 4.0M - AED 14.5M | Avg PSF 1,717 | Sales 29 | Trend — | |
Asset Class 5 Bed Flat | Inventory 2units 2 layouts · Typically 2.5 parking ~192 sqm balcony | Size Range 9,750-9,978sqft | Price Range AED 7.8M - AED 17.3M | Avg PSF 1,171 | Sales 2 | Trend — | |
Asset Class 22 Bed FlatFloor 10 | Inventory 30units 17 layouts · Typically 2 parking 75-479 sqm balcony | Size Range 4,121-12,007sqft | Price Range — | Avg PSF — | Sales 0 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 194,732-209,427sqft | Price Range AED 58.4M - AED 59.9M | Avg PSF 592 | Sales 2 | Trend — | |
Asset Class 49 Bed Gymnasium | Inventory 1units Typically 10 parking ~1409 sqm balcony | Size Range 19,496-19,496sqft | Price Range — | Avg PSF — | Sales 0 | Trend — | |
Asset Class Gymnasium | Inventory 1units Typically 2 parking ~1411 sqm balcony | Size Range 19,500-19,500sqft | Price Range — | Avg PSF 596 | Sales 0 | Trend — | |
Asset Class Gymnasium | Inventory 0units | Size Range 19,496-19,496sqft | Price Range — | Avg PSF 597 | Sales 0 | Trend — | |
Asset Class OfficePodium | Inventory 6units 4 layouts · Typically 24.5 parking | Size Range 595-3,758sqft | Price Range — | Avg PSF 1,573 | Sales 0 | Trend — |
Grouped into 12 asset classes covering 570 units