GOLDEN MILE
MatureDeveloperSOUQ RESIDENCES FZCO
CommunityPalm Jumeirah
AreaPalm Jumeirah
Started
19 years 8 months ago20-05-2006
Handover
16 years 5 months ago23-08-2009
Status
CompleteFinished
Project Description
10 Residential Buildings consisting of, 3B+G+M+6+PH+R. Located in Pal Jumeirah, to be constructed out of concrete structure and block with internal and external finishes.
Performance Alpha
Market Sales: Last 90Dvs Last 12M Baseline
Rising+4%
GrowthCurrent:AED 1,932/sqft
Last 12M:AED 1,860/sqft
Momentum: Last 12Mvs Prior Year
Rising+17%
GrowthLast 12M:AED 1,860/sqft
Prior Year:AED 1,583/sqft
Community Compare: Last 90DPalm Jumeirah
Discount-42%
Below AvgProject:AED 1,932/sqft
Community:AED 3,346/sqft
Liquidity: Last 12MExit Speed
Low8%Turnover
79Sold (Last 12M)
Supply & Demand Matrix
GOLDEN MILE averaged 8% 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
185 units
10 sold175 left
5%
Velocity
2 Bedrooms
420 units
40 sold380 left
10%
Velocity
3 Bedrooms
165 units
22 sold143 left
13%
Velocity
4 Bedrooms
12 units
0 sold12 left
0%
Velocity
5 Bedrooms
4 units
0 sold4 left
0%
Velocity
PENTHOUSE
42 units
7 sold35 left
17%
Velocity
Shop
124 units
0 sold124 left
0%
Velocity
Office
40 units
0 sold40 left
0%
Velocity
Layouts & Units (992)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Flat | Inventory 0units | Size Range 2,108-10,222sqft | Price Range AED 1.9M - AED 12.2M | Avg PSF 942 | Sales 37 | Trend — | |
Asset Class 1 Bed FlatPodium + Floors 1-6 | Inventory 185units 23 layouts · Typically 1 parking 15-283 sqm balcony | Size Range 643-24,798sqft | Price Range AED 725K - AED 2.7M | Avg PSF 1,139 | Sales 159 | Trend — | |
Asset Class 2 Bed FlatFloors 1-6 | Inventory 420units 50 layouts · Typically 1.1 parking 15-90 sqm balcony | Size Range 94-2,604sqft | Price Range AED 740K - AED 5.0M | Avg PSF 1,123 | Sales 346 | Trend — | |
Asset Class 3 Bed FlatPodium + Floors 1-7 | Inventory 165units 61 layouts · Typically 1.4 parking 8-157 sqm balcony | Size Range 416-5,522sqft | Price Range AED 725K - AED 9.5M | Avg PSF 1,019 | Sales 137 | Trend — | |
Asset Class 4 Bed FlatPodium + Floor 7 | Inventory 12units 12 layouts · Typically 2.1 parking 8-405 sqm balcony | Size Range 3,583-10,257sqft | Price Range AED 2.0M - AED 16.6M | Avg PSF 752 | Sales 14 | Trend — | |
Asset Class 5 Bed FlatPodium | Inventory 4units 4 layouts · Typically 3 parking ~13 sqm balcony | Size Range 2,709-5,417sqft | Price Range AED 3.8M - AED 7.2M | Avg PSF 662 | Sales 2 | Trend — | |
Asset Class 22 Bed FlatFloor 7 | Inventory 42units 7 layouts · Typically 2 parking 70-403 sqm balcony | Size Range 3,946-10,222sqft | Price Range — | Avg PSF — | Sales 0 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 1,794-3,329sqft | Price Range — | Avg PSF 16,691 | Sales 0 | Trend — | |
Asset Class Office | Inventory 40units 37 layouts · Typically 1.7 parking 18-310 sqm balcony | Size Range 1,338-18,807sqft | Price Range — | Avg PSF — | Sales 0 | Trend — | |
Asset Class ShopPodium | Inventory 124units 110 layouts · Typically 1.3 parking | Size Range 267-40,726sqft | Price Range — | Avg PSF — | Sales 0 | Trend — |
Grouped into 10 asset classes covering 992 units