ELITE DOWNTOWN RESIDENCE
ReadyDeveloperTRIPLANET ELITE DEVELOPEMENTS L.L.C
CommunityDownTown Dubai
AreaBurj Khalifa
Started
12 years ago30-12-2013
Handover
3 years 11 months ago10-02-2022
Status
CompleteFinished
Project Description
Project located in Burj Khalifa area, Dubai. Project is proposed to be residential tower with 1B+G+M+4P+23floors+HC+R made of concrete structure with internal and external finishes.
Performance Alpha
Momentum: Last 90Dvs Last 12M Baseline
Falling-7%
DeclineCurrent:AED 2,093/sqft
Last 12M:AED 2,248/sqft
Momentum: Last 12Mvs Prior Year
Falling-3%
DeclineLast 12M:AED 2,248/sqft
Prior Year:AED 2,325/sqft
Community Compare: Last 90DDownTown Dubai
Discount-26%
Below AvgProject:AED 2,093/sqft
Community:AED 2,814/sqft
Liquidity: Last 12MExit Speed
Moderate10%Turnover
47Sold (Last 12M)
Supply & Demand Matrix
ELITE DOWNTOWN RESIDENCE averaged 10% liquidity over the last 12 months, which is considered moderate. 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
230 units
33 sold197 left
14%
Velocity
1 Bedroom
138 units
9 sold129 left
7%
Velocity
2 Bedrooms
69 units
4 sold65 left
6%
Velocity
3 Bedrooms
23 units
1 sold22 left
4%
Velocity
Shop
9 units
0 sold9 left
0%
Velocity
Layouts & Units (469)
| Units | Type | Beds | Size | Avg Price | Last Price | Last Sold | Sales |
|---|---|---|---|---|---|---|---|
Units 36 units | Type Flat | Beds Studio | Size 522 sqft | Avg Price AED 1.3M | Last Price AED 1.0M | Last Sold about 1 month ago | Sales 31 |
Units 33 units | Type Flat | Beds Studio | Size 526 sqft | Avg Price AED 1.1M | Last Price AED 1.3M | Last Sold about 1 month ago | Sales 36 |
Units 54 units | Type Flat | Beds 1 B/R | Size 809 sqft | Avg Price AED 2.0M | Last Price AED 2.1M | Last Sold about 2 months ago | Sales 44 |
Units 23 units | Type Flat | Beds Studio | Size 514 sqft | Avg Price AED 1.1M | Last Price AED 1.2M | Last Sold 2 months ago | Sales 22 |
Units 23 units | Type Flat | Beds 2 B/R | Size 1,366 sqft | Avg Price AED 2.5M | Last Price AED 2.5M | Last Sold 3 months ago | Sales 21 |
Units 5 units | Type Flat | Beds Studio | Size 433 sqft | Avg Price AED 1.1M | Last Price AED 1.2M | Last Sold 3 months ago | Sales 7 |
Units 59 units | Type Flat | Beds Studio | Size 536 sqft | Avg Price AED 1.1M | Last Price AED 1.1M | Last Sold 3 months ago | Sales 50 |
Units 18 units | Type Flat | Beds Studio | Size 431 sqft | Avg Price AED 1.3M | Last Price AED 1.2M | Last Sold 5 months ago | Sales 15 |
Units 23 units | Type Flat | Beds Studio | Size 542 sqft | Avg Price AED 1.1M | Last Price AED 1.1M | Last Sold 5 months ago | Sales 23 |
Units 23 units | Type Flat | Beds Studio | Size 497 sqft | Avg Price AED 1.6M | Last Price AED 1.4M | Last Sold 9 months ago | Sales 19 |
Units 41 units | Type Flat | Beds 1 B/R | Size 1,006 sqft | Avg Price AED 1.7M | Last Price AED 1.6M | Last Sold 11 months ago | Sales 34 |
Units 18 units | Type Flat | Beds 1 B/R | Size 824 sqft | Avg Price AED 2.1M | Last Price AED 1.6M | Last Sold 11 months ago | Sales 15 |
Units 23 units | Type Flat | Beds 2 B/R | Size 1,760 sqft | Avg Price AED 2.6M | Last Price AED 2.9M | Last Sold 11 months ago | Sales 14 |
Units 15 units | Type Flat | Beds 1 B/R | Size 807 sqft | Avg Price AED 1.6M | Last Price AED 1.9M | Last Sold about 1 year ago | Sales 8 |
Units 23 units | Type Flat | Beds 3 B/R | Size 1,616 sqft | Avg Price AED 4.3M | Last Price AED 4.2M | Last Sold about 1 year ago | Sales 13 |
Units 5 units | Type Flat | Beds 1 B/R | Size 1,002 sqft | Avg Price AED 1.5M | Last Price AED 1.6M | Last Sold about 1 year ago | Sales 4 |
Units 23 units | Type Flat | Beds 2 B/R | Size 1,630 sqft | Avg Price AED 3.7M | Last Price AED 3.5M | Last Sold over 1 year ago | Sales 12 |
Units 10 units | Type Flat | Beds Studio | Size 531 sqft | Avg Price AED 958K | Last Price AED 1.1M | Last Sold over 1 year ago | Sales 10 |
Units 5 units | Type Flat | Beds 1 B/R | Size 821 sqft | Avg Price AED 1.6M | Last Price AED 2.3M | Last Sold almost 2 years ago | Sales 7 |
Units SHOP-02 | Type Shop | Beds — | Size 699 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units SHOP-01 | Type Shop | Beds — | Size 703 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units SHOP-08 | Type Shop | Beds — | Size 711 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units SHOP-03 | Type Shop | Beds — | Size 749 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units SHOP-04 | Type Shop | Beds — | Size 759 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 3 units | Type Shop | Beds — | Size 766 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units SHOP-09 | Type Shop | Beds — | Size 1,448 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
26 unique layouts covering 469 units