Downtown Views II
ResaleDeveloperEMAAR DEVELOPMENT P.J.S.C.
Community—
AreaZaabeel Second
Started
8 years 8 months ago06-05-2017
Handover
3 years 4 months ago31-08-2022
Status
CompleteFinished
Project Description
PROPOSED 3 RESIDENTIAL TOWERS COMPRISING T1: B +G+67(584 UNITS) T2: B +G+62(498 UNITS) T3: B +G+54(427UNITS) total units 1509
Performance Alpha
Sales Performance
Blended: Last 90Dvs Last 12M Baseline
Falling-4%Decline
Current:AED 2,654/sqft
Last 12M:AED 2,775/sqft
Momentum: Last 12Mvs Prior Year
Rising+6%Growth
Last 12M:AED 2,775/sqft
Prior Year:AED 2,620/sqft
Community Compare: Last 90DUnknown
At Market0%Above Avg
Project:AED 2,677/sqft
Community:AED 0/sqft
Liquidity: Last 12MExit Speed
Low6%Turnover
94Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 1,719/sqft
Range:AED 145 – AED 3K
Avg Unit:AED 183K/yr
Leasing Volume: L12MContracts Signed
Very Active875Total
New:500
Renew:375
Tenant RetentionRenewal Rate
Good43%renewals
57% new tenants43% renewals
Gross YieldAnnual Return
High Yield64.8%Yield
Rent:AED 1,719/sqft
Price:AED 2,654/sqft
Supply & Demand Matrix
Downtown Views II averaged 6% 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
399 units
32 sold367 left
8%
Velocity
2 Bedrooms
697 units
38 sold659 left
5%
Velocity
3 Bedrooms
390 units
21 sold369 left
5%
Velocity
4 Bedrooms
23 units
3 sold20 left
13%
Velocity
Shop
6 units
0 sold6 left
0%
Velocity
Layouts & Units (1,515)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class 1 Bed FlatPodium + Floors 1-62 | Inventory 399units 31 layouts · Typically 1 parking 7-58 sqm balcony | Size Range 186-1,322sqft | Price Range AED 38K - AED 2.5M | Avg PSF 2,083 | Sales 99 | Trend — | |
Asset Class 2 Bed FlatPodium + Floors 1-62 | Inventory 697units 62 layouts · Typically 1 parking 5-75 sqm balcony | Size Range 539-1,830sqft | Price Range AED 1.2M - AED 3.9M | Avg PSF 2,122 | Sales 174 | Trend — | |
Asset Class 3 Bed FlatPodium + Floors 1-62 | Inventory 390units 28 layouts · Typically 2 parking 15-168 sqm balcony | Size Range 512-3,192sqft | Price Range AED 3.0M - AED 5.8M | Avg PSF 2,201 | Sales 55 | Trend — | |
Asset Class 4 Bed FlatFloors 49-62 | Inventory 23units 8 layouts · Typically 2 parking 23-40 sqm balcony | Size Range 2,485-2,731sqft | Price Range AED 8.5M - AED 12.6M | Avg PSF 2,601 | Sales 5 | Trend — | |
Asset Class ShopPodium | Inventory 6units 6 layouts · Typically 1.7 parking | Size Range 786-2,649sqft | Price Range — | Avg PSF — | Sales 0 | Trend — |
Grouped into 5 asset classes covering 1,515 units