Rove City Walk
ResaleDeveloperROVE HOSPITALITY L.L.C
Community—
AreaAl Wasl
Started
7 years ago19-01-2019
Handover
4 years 3 months ago30-09-2021
Status
CompleteFinished
Project Description
The project is a hotel consisting of B+G+17+R+1UR
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Stable0%
GrowthCurrent:AED 2,377/sqft
Last 12M:AED 2,381/sqft
Momentum: Last 12Mvs Prior Year
Stable+1%
GrowthLast 12M:AED 2,381/sqft
Prior Year:AED 2,353/sqft
Community Compare: Last 90DUnknown
At Market0%
Above AvgProject:AED 2,377/sqft
Community:AED 0/sqft
Liquidity: Last 12MExit Speed
Low6%Turnover
30Sold (Last 12M)
Supply & Demand Matrix
Rove City Walk 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
Studio
516 units
30 sold486 left
6%
Velocity
Layouts & Units (517)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class 50 Bed HotelFloor 6 | Inventory 1units Typically 1 parking | Size Range 69,446-69,446sqft | Price Range — | Avg PSF — | Sales 0 | Trend — | |
Asset Class Hotel RoomsFloors 2-17 | Inventory 516units 10 layouts · Typically 1 parking | Size Range 127-486sqft | Price Range AED 500K - AED 773K | Avg PSF 2,864 | Sales 113 | Trend — |
Grouped into 2 asset classes covering 517 units