THE PALM TOWER
ResaleDeveloperTHE PALM - JUMEIRAH CO. (L.L.C)
CommunityPalm Jumeirah
AreaPalm Jumeirah
Started
10 years 11 months ago01-02-2015
Handover
4 years 1 month ago30-11-2021
Status
CompleteFinished
Project Description
PROJECT CONSISTS OF MIXED USED (HOTEL & RESIDENTIAL FURNISHES APARTMENT), (3B+LG+G+3P+MECH+47+MECH+R)BUILDING LOCATED IN PALM JUMEIRAH. THE APARTMENTS ARE DESIGNED TO HAVE A CONCRETE STRUCTURE AND BLOCK WITH INTERNAL AND EXTERNAL FINISHES.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Stable+1%
GrowthCurrent:AED 4,494/sqft
Last 12M:AED 4,442/sqft
Momentum: Last 12Mvs Prior Year
Rising+10%
GrowthLast 12M:AED 4,442/sqft
Prior Year:AED 4,040/sqft
Community Compare: Last 90DPalm Jumeirah
Premium+34%
Above AvgProject:AED 4,494/sqft
Community:AED 3,346/sqft
Liquidity: Last 12MExit Speed
Low9%Turnover
41Sold (Last 12M)
Supply & Demand Matrix
THE PALM TOWER 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
194 units
20 sold174 left
10%
Velocity
1 Bedroom
224 units
20 sold204 left
9%
Velocity
2 Bedrooms
11 units
1 sold10 left
9%
Velocity
3 Bedrooms
2 units
0 sold2 left
0%
Velocity
Shop
10 units
0 sold10 left
0%
Velocity
Layouts & Units (442)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 19-45 | Inventory 194units 13 layouts · Typically 1 parking | Size Range 253-6,318sqft | Price Range AED 1.4M - AED 2.5M | Avg PSF 2,369 | Sales 86 | Trend — | |
Asset Class 1 Bed FlatFloors 19-45 | Inventory 224units 31 layouts · Typically 1 parking | Size Range 555-11,679sqft | Price Range AED 2.5M - AED 6.9M | Avg PSF 2,957 | Sales 104 | Trend — | |
Asset Class 2 Bed FlatFloors 27-47 | Inventory 11units 11 layouts · Typically 2.2 parking 6-31 sqm balcony | Size Range 1,110-22,195sqft | Price Range AED 6.3M - AED 12.0M | Avg PSF 3,719 | Sales 4 | Trend — | |
Asset Class 3 Bed FlatFloors 46-47 | Inventory 2units 2 layouts · Typically 5.5 parking 9-23 sqm balcony | Size Range 2,855-30,731sqft | Price Range AED 14.0M - AED 14.2M | Avg PSF 2,765 | Sales 2 | Trend — | |
Asset Class HotelPodium | Inventory 1units Typically 1 parking | Size Range 482,143-482,143sqft | Price Range — | Avg PSF — | Sales 0 | Trend — | |
Asset Class ShopPodium + Floors 50-52 | Inventory 10units 10 layouts · Typically 0.3 parking 950-1725 sqm balcony | Size Range 372-46,793sqft | Price Range — | Avg PSF — | Sales 0 | Trend — |
Grouped into 6 asset classes covering 442 units