ROYAL BAY
ResaleDeveloperAZIZI DEVELOPMENTS L.L.C
CommunityPalm Jumeirah
AreaPalm Jumeirah
Started
10 years 8 months ago06-05-2015
Handover
9 years ago06-01-2017
Status
CompleteFinished
Project Description
Project serviced hotel apartments located in Palm Jumeira consist of B+G+9 floors made of concrete structure with internal and external finishes.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Stable+1%
GrowthCurrent:AED 2,184/sqft
Last 12M:AED 2,170/sqft
Momentum: Last 12Mvs Prior Year
Rising+15%
GrowthLast 12M:AED 2,170/sqft
Prior Year:AED 1,881/sqft
Community Compare: Last 90DPalm Jumeirah
Discount-35%
Below AvgProject:AED 2,184/sqft
Community:AED 3,346/sqft
Liquidity: Last 12MExit Speed
Moderate11%Turnover
10Sold (Last 12M)
Supply & Demand Matrix
ROYAL BAY averaged 11% 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
1 Bedroom
58 units
6 sold52 left
10%
Velocity
2 Bedrooms
30 units
4 sold26 left
13%
Velocity
3 Bedrooms
1 units
0 sold1 left
0%
Velocity
4 Bedrooms
1 units
0 sold1 left
0%
Velocity
Shop
1 units
0 sold1 left
0%
Velocity
Layouts & Units (91)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Building | Inventory 0units | Size Range 51,528-51,528sqft | Price Range AED 81.8M - AED 81.8M | Avg PSF 1,587 | Sales 1 | Trend — | |
Asset Class 1 Bed Hotel ApartmentFloors 1-8 | Inventory 58units 22 layouts · Typically 1 parking 4-29 sqm balcony | Size Range 791-1,143sqft | Price Range AED 1.3M - AED 3.4M | Avg PSF 1,841 | Sales 33 | Trend — | |
Asset Class 2 Bed Hotel ApartmentFloors 1-8 | Inventory 30units 9 layouts · Typically 1.1 parking 13-35 sqm balcony | Size Range 533-1,639sqft | Price Range AED 1.0M - AED 3.6M | Avg PSF 1,820 | Sales 24 | Trend — | |
Asset Class 4 Bed Hotel ApartmentFloor 9 | Inventory 1units Typically 1 parking ~415 sqm balcony | Size Range 7,039-7,039sqft | Price Range — | Avg PSF 1,705 | Sales 0 | Trend — | |
Asset Class 3 Bed Hotel ApartmentFloor 9 | Inventory 1units Typically 1 parking ~424 sqm balcony | Size Range 6,651-6,651sqft | Price Range AED 7.3M - AED 7.3M | Avg PSF 740 | Sales 1 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 1,111-1,111sqft | Price Range — | Avg PSF 12,782 | Sales 0 | Trend — | |
Asset Class ShopPodium | Inventory 1units Typically 2 parking | Size Range 5,690-5,690sqft | Price Range — | Avg PSF 1,033 | Sales 0 | Trend — |
Grouped into 7 asset classes covering 91 units