THE HEART OF EUROPE 2
HandoverCommunityThe World
AreaWorld Islands
Started
10 years 1 month ago09-12-2015
Handover
8 months ago30-04-2025
Status
90% BuiltIn Progress
Project Description
G+5 X 1 Portofino hotel apartments & G+4 X 1 Cote D Azur hotel apartments. The project designed to have a concrete structure and block with internal and external finishes.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Rising+22%
GrowthCurrent:AED 4,920/sqft
Last 12M:AED 4,022/sqft
Momentum: Last 12Mvs Prior Year
Rising+16%
GrowthLast 12M:AED 4,022/sqft
Prior Year:AED 3,477/sqft
Community Compare: Last 90DThe World
Premium+26%
Above AvgProject:AED 4,920/sqft
Community:AED 3,890/sqft
Liquidity: Last 12MExit Speed
Low3%Turnover
48Sold (Last 12M)
Supply & Demand Matrix
THE HEART OF EUROPE 2 averaged 3% liquidity over the last 12 months, which is considered low. As units are handed over, early secondary market activity is emerging. Velocity will become more meaningful as the market matures.
Type
Absorption (L12M)
Velocity
Studio
1,299 units
48 sold1251 left
4%
Velocity
1 Bedroom
51 units
0 sold51 left
0%
Velocity
2 Bedrooms
2 units
0 sold2 left
0%
Velocity
Shop
31 units
0 sold31 left
0%
Velocity
Layouts & Units (1,383)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Building | Inventory 0units | Size Range 2,291,441-2,291,441sqft | Price Range AED 390.1M - AED 390.1M | Avg PSF 170 | Sales 1 | Trend — | |
Asset Class Hotel RoomsPodium + Floors 1-4 | Inventory 1,299units 233 layouts 8-224 sqm balcony | Size Range 180-3,086sqft | Price Range AED 500K - AED 4.6M | Avg PSF 3,304 | Sales 889 | Trend — | |
Asset Class 1 Bed Hotel RoomsPodium + Floors 1-4 | Inventory 51units 28 layouts 8-348 sqm balcony | Size Range 565-4,753sqft | Price Range AED 1.0M - AED 10.0M | Avg PSF 3,780 | Sales 19 | Trend — | |
Asset Class 2 Bed Hotel RoomsFloor 4 | Inventory 2units 2 layouts 354-418 sqm balcony | Size Range 5,114-6,017sqft | Price Range AED 2.0M - AED 2.0M | Avg PSF 332 | Sales 1 | Trend — | |
Asset Class ShopPodium | Inventory 31units 29 layouts 28-1068 sqm balcony | Size Range 199-19,753sqft | Price Range AED 1.4M - AED 33.6M | Avg PSF 2,198 | Sales 10 | Trend — |
Grouped into 5 asset classes covering 1,383 units