Six Senses Residences The Palm, Dubai
HandoverDeveloperSELECT GLOBAL DEVELOPMENT L.L.C
CommunityPalm Jumeirah
AreaPalm Jumeirah
Started
4 years ago05-01-2022
Handover
1 year ago31-12-2024
Status
81% BuiltIn Progress
Project Description
Hotel Building & Penthouse( B+G+10+R)+Restaurant(B+G+R)+Penthouses (B+G+10+R) + 2 Towers Sky Villas (B+G+7+R)+9 Nos Signature Villas(B+G+2+R)+Changing Rooms(G only) .Hotel+Residences+Villas.The project designed to have a concrete structure and block with internal and external finishes.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Falling-4%
DeclineCurrent:AED 6,632/sqft
Last 12M:AED 6,915/sqft
Momentum: Last 12Mvs Prior Year
Rising+4%
GrowthLast 12M:AED 6,915/sqft
Prior Year:AED 6,630/sqft
Community Compare: Last 90DPalm Jumeirah
Premium+98%
Above AvgProject:AED 6,632/sqft
Community:AED 3,346/sqft
Liquidity: Last 12MExit Speed
Moderate13%Turnover
22Sold (Last 12M)
Supply & Demand Matrix
Six Senses Residences The Palm, Dubai averaged 13% liquidity over the last 12 months, which is considered moderate. As units are handed over, early secondary market activity is emerging. Velocity will become more meaningful as the market matures.
Type
Absorption (L12M)
Velocity
2 Bedrooms
60 units
11 sold49 left
18%
Velocity
3 Bedrooms
50 units
7 sold43 left
14%
Velocity
4 Bedrooms
53 units
4 sold49 left
8%
Velocity
5 Bedrooms
9 units
0 sold9 left
0%
Velocity
Layouts & Units (173)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class 2 Bed FlatPodium + Floors 1-9 | Inventory 60units 36 layouts · Typically 1 parking 28-114 sqm balcony | Size Range 1,980-2,906sqft | Price Range AED 9.4M - AED 20.7M | Avg PSF 6,051 | Sales 88 | Trend — | |
Asset Class 3 Bed FlatPodium + Floors 1-9 | Inventory 50units 37 layouts · Typically 1 parking 55-236 sqm balcony | Size Range 1,700-6,462sqft | Price Range AED 8.3M - AED 31.4M | Avg PSF 5,447 | Sales 67 | Trend — | |
Asset Class 4 Bed FlatFloors 1-9 | Inventory 53units 37 layouts · Typically 1 parking 57-474 sqm balcony | Size Range 3,968-10,769sqft | Price Range AED 21.7M - AED 63.0M | Avg PSF 6,112 | Sales 63 | Trend — | |
Asset Class 5 Bed FlatPodium | Inventory 9units Typically 1 parking ~1239 sqm balcony | Size Range 26,514-26,514sqft | Price Range AED 81.1M - AED 130.0M | Avg PSF 3,650 | Sales 13 | Trend — | |
Asset Class HotelPodium | Inventory 1units Typically 6 parking | Size Range 322,696-322,696sqft | Price Range — | Avg PSF — | Sales 0 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 511,195-511,195sqft | Price Range AED 1 - AED 228.0M | Avg PSF 749 | Sales 2 | Trend — |
Grouped into 6 asset classes covering 173 units