MAJESTINE

Ready

DeveloperBUSINESS TOWER INVESTMENT L.L.C

CommunityBusiness Bay

AreaBusiness Bay

Started

11 years 5 months ago15-08-2014

Handover

7 years 5 months ago25-07-2018

Status

CompleteFinished

Project Description

PROJECT CONSISTS OF G+3P+16+R HOTEL APARTMENT LOCATED IN BUSINESS BAY. THE APARTMENTS ARE DESIGNED TO HAVE A CONCRETE STRUCTURE AND BLOCK WITH INTERNAL AND EXTERNAL FINISHES.

Performance Alpha

Momentum: Last 90Dvs Last 12M Baseline

Stable

+2%

Growth

Current:AED 1,620/sqft

Last 12M:AED 1,589/sqft

Momentum: Last 12Mvs Prior Year

Falling

-4%

Decline

Last 12M:AED 1,589/sqft

Prior Year:AED 1,661/sqft

Community Compare: Last 90DBusiness Bay

Discount

-34%

Below Avg

Project:AED 1,639/sqft

Community:AED 2,497/sqft

Liquidity: Last 12MExit Speed

Low

8%Turnover

42Sold (Last 12M)

Supply & Demand Matrix

MAJESTINE averaged 8% 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

283 units

22 sold261 left

Velocity

1 Bedroom

149 units

15 sold134 left

10%

Velocity

2 Bedrooms

45 units

3 sold42 left

Velocity

3 Bedrooms

22 units

2 sold20 left

Velocity

Shop

7 units

0 sold7 left

Velocity

Layouts & Units (506)

Units	Type	Beds	Size	Avg Price	Last Price	Last Sold	Sales
Units 6 units	Type Hotel Apartment	Beds 1 B/R	Size 894 sqft	Avg Price AED 1.1M	Last Price AED 1.4M	Last Sold 7 days ago	Sales 3

Units 10 units	Type Flat	Beds Studio	Size 447 sqft	Avg Price AED 786K	Last Price AED 800K	Last Sold 25 days ago	Sales 5

Units 59 units	Type Flat	Beds Studio	Size 479 sqft	Avg Price AED 724K	Last Price AED 750K	Last Sold about 1 month ago	Sales 35

Units 7 units	Type Flat	Beds Studio	Size 489 sqft	Avg Price AED 842K	Last Price AED 740K	Last Sold about 2 months ago	Sales 5

Units 14 units	Type Flat	Beds 1 B/R	Size 890 sqft	Avg Price AED 1.4M	Last Price AED 1.3M	Last Sold 2 months ago	Sales 4

Units 13 units	Type Flat	Beds 3 B/R	Size 1,420 sqft	Avg Price AED 2.3M	Last Price AED 2.4M	Last Sold 2 months ago	Sales 3

Units 11 units	Type Flat	Beds 1 B/R	Size 853 sqft	Avg Price AED 1.2M	Last Price AED 1.3M	Last Sold 2 months ago	Sales 12

Units 10 units	Type Hotel Apartment	Beds Studio	Size 479 sqft	Avg Price AED 870K	Last Price AED 940K	Last Sold 3 months ago	Sales 2

Units 2 units	Type Flat	Beds Studio	Size 899 sqft	Avg Price AED 1.2M	Last Price AED 1.2M	Last Sold 4 months ago	Sales 1

Units 9 units	Type Flat	Beds Studio	Size 572 sqft	Avg Price AED 791K	Last Price AED 880K	Last Sold 4 months ago	Sales 5

Units 8 units	Type Flat	Beds 1 B/R	Size 886 sqft	Avg Price AED 1.4M	Last Price AED 1.4M	Last Sold 5 months ago	Sales 2

Units 20 units	Type Flat	Beds Studio	Size 474 sqft	Avg Price AED 669K	Last Price AED 815K	Last Sold 5 months ago	Sales 10

Units 2 units	Type Flat	Beds 1 B/R	Size 823 sqft	Avg Price AED 1.0M	Last Price AED 1.2M	Last Sold 5 months ago	Sales 2

Units 1912	Type Flat	Beds 1 B/R	Size 786 sqft	Avg Price AED 1.3M	Last Price AED 1.3M	Last Sold 6 months ago	Sales 1

Units 5 units	Type Flat	Beds 1 B/R	Size 1,000 sqft	Avg Price AED 1.5M	Last Price AED 1.3M	Last Sold 6 months ago	Sales 2

Units 1505	Type Flat	Beds 2 B/R	Size 1,491 sqft	Avg Price AED 2.0M	Last Price AED 2.0M	Last Sold 7 months ago	Sales 2

Units 7 units	Type Hotel Apartment	Beds Studio	Size 475 sqft	Avg Price AED 720K	Last Price AED 850K	Last Sold 7 months ago	Sales 2

Units 402	Type Flat	Beds Studio	Size 807 sqft	Avg Price AED 1.1M	Last Price AED 1.1M	Last Sold 8 months ago	Sales 1

Units 6 units	Type Flat	Beds 2 B/R	Size 1,242 sqft	Avg Price AED 1.6M	Last Price AED 1.5M	Last Sold 8 months ago	Sales 3

Units 4 units	Type Flat	Beds 2 B/R	Size 1,609 sqft	Avg Price AED 2.4M	Last Price AED 1.8M	Last Sold 8 months ago	Sales 2

Units 10 units	Type Flat	Beds 1 B/R	Size 820 sqft	Avg Price AED 1.4M	Last Price AED 1.4M	Last Sold 9 months ago	Sales 1

Units 14 units	Type Flat	Beds Studio	Size 472 sqft	Avg Price AED 776K	Last Price AED 820K	Last Sold 9 months ago	Sales 5

Units 13 units	Type Flat	Beds Studio	Size 499 sqft	Avg Price AED 708K	Last Price AED 820K	Last Sold 10 months ago	Sales 4

Units 33 units	Type Flat	Beds Studio	Size 461 sqft	Avg Price AED 728K	Last Price AED 850K	Last Sold 10 months ago	Sales 10

Units 1907	Type Flat	Beds 1 B/R	Size 834 sqft	Avg Price AED 1.3M	Last Price AED 1.3M	Last Sold 12 months ago	Sales 1

Units 409	Type Flat	Beds 2 B/R	Size 1,221 sqft	Avg Price AED 1.7M	Last Price AED 1.7M	Last Sold about 1 year ago	Sales 1

Units 601A	Type Hotel Apartment	Beds Studio	Size 497 sqft	Avg Price AED 830K	Last Price AED 830K	Last Sold about 1 year ago	Sales 1

Units 18 units	Type Flat	Beds 1 B/R	Size 896 sqft	Avg Price AED 1.2M	Last Price AED 1.7M	Last Sold about 1 year ago	Sales 4

Units 2 units	Type Flat	Beds 3 B/R	Size 1,794 sqft	Avg Price AED 2.5M	Last Price AED 2.5M	Last Sold about 1 year ago	Sales 1

Units 2 units	Type Hotel Apartment	Beds 3 B/R	Size 1,420 sqft	Avg Price AED 2.5M	Last Price AED 2.5M	Last Sold about 1 year ago	Sales 1

Units 6 units	Type Flat	Beds 2 B/R	Size 1,246 sqft	Avg Price AED 1.8M	Last Price AED 1.8M	Last Sold about 1 year ago	Sales 2

Units 3 units	Type Flat	Beds 1 B/R	Size 968 sqft	Avg Price AED 1.6M	Last Price AED 1.6M	Last Sold about 1 year ago	Sales 1

Units 12 units	Type Flat	Beds 1 B/R	Size 978 sqft	Avg Price AED 1.3M	Last Price AED 1.4M	Last Sold over 1 year ago	Sales 3

Units 12 units	Type Flat	Beds 2 B/R	Size 1,068 sqft	Avg Price AED 1.4M	Last Price AED 1.5M	Last Sold over 1 year ago	Sales 6

Units 1911	Type Flat	Beds 1 B/R	Size 779 sqft	Avg Price AED 943K	Last Price AED 1.3M	Last Sold over 1 year ago	Sales 3

Units 10 units	Type Flat	Beds Studio	Size 430 sqft	Avg Price AED 656K	Last Price AED 770K	Last Sold almost 2 years ago	Sales 6

Units 2 units	Type Hotel Apartment	Beds Studio	Size 467 sqft	Avg Price AED 750K	Last Price AED 750K	Last Sold almost 2 years ago	Sales 1

Units 30 units	Type Flat	Beds Studio	Size 457 sqft	Avg Price AED 634K	Last Price AED 805K	Last Sold almost 2 years ago	Sales 7

Units 13 units	Type Flat	Beds Studio	Size 497 sqft	Avg Price AED 673K	Last Price AED 785K	Last Sold about 2 years ago	Sales 6

Units 6 units	Type Hotel Apartment	Beds Studio	Size 461 sqft	Avg Price AED 658K	Last Price AED 765K	Last Sold about 2 years ago	Sales 2

Units 3 units	Type Flat	Beds Studio	Size 617 sqft	Avg Price AED 860K	Last Price AED 970K	Last Sold about 2 years ago	Sales 2

Units 9 units	Type Flat	Beds 1 B/R	Size 1,034 sqft	Avg Price AED 1.9M	Last Price AED 1.9M	Last Sold over 2 years ago	Sales 1

Units 8 units	Type Flat	Beds 1 B/R	Size 953 sqft	Avg Price AED 1.7M	Last Price AED 1.7M	Last Sold over 2 years ago	Sales 1

Units 3 units	Type Flat	Beds 2 B/R	Size 1,495 sqft	Avg Price AED 1.8M	Last Price AED 1.8M	Last Sold over 2 years ago	Sales 1

Units 7 units	Type Flat	Beds Studio	Size 612 sqft	Avg Price AED 900K	Last Price AED 900K	Last Sold over 2 years ago	Sales 1

Units 1811	Type Flat	Beds 1 B/R	Size 920 sqft	Avg Price AED 1.0M	Last Price AED 1.2M	Last Sold almost 3 years ago	Sales 2

Units 1616	Type Hotel Apartment	Beds Studio	Size 430 sqft	Avg Price AED 650K	Last Price AED 650K	Last Sold almost 3 years ago	Sales 1

Units 4 units	Type Flat	Beds Studio	Size 467 sqft	Avg Price AED 615K	Last Price AED 600K	Last Sold over 3 years ago	Sales 2

Units 2 units	Type Flat	Beds 1 B/R	Size 829 sqft	Avg Price AED 950K	Last Price AED 950K	Last Sold about 4 years ago	Sales 1

Units 2 units	Type Hotel Apartment	Beds Studio	Size 447 sqft	Avg Price AED 600K	Last Price AED 600K	Last Sold about 6 years ago	Sales 1

Units 809	Type Hotel Apartment	Beds Studio	Size 616 sqft	Avg Price AED 860K	Last Price AED 860K	Last Sold over 6 years ago	Sales 1

Units 1910	Type Flat	Beds 1 B/R	Size 790 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 1908	Type Flat	Beds 1 B/R	Size 809 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 1913A	Type Flat	Beds 1 B/R	Size 814 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 603B	Type Hotel Apartment	Beds 1 B/R	Size 820 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 3 units	Type Hotel Apartment	Beds 1 B/R	Size 853 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 1913	Type Hotel Apartment	Beds 1 B/R	Size 863 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 405A	Type Hotel Apartment	Beds 1 B/R	Size 879 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 5 units	Type Flat	Beds 1 B/R	Size 905 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 1512	Type Flat	Beds 1 B/R	Size 925 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 1812	Type Flat	Beds 1 B/R	Size 928 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 1419	Type Flat	Beds 1 B/R	Size 942 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 3 units	Type Flat	Beds 1 B/R	Size 946 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 407	Type Hotel Apartment	Beds 1 B/R	Size 956 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 1803A	Type Flat	Beds 1 B/R	Size 963 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 1801	Type Hotel Apartment	Beds 1 B/R	Size 969 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 507	Type Hotel Apartment	Beds 1 B/R	Size 978 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 404A	Type Flat	Beds 1 B/R	Size 992 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 1405A	Type Hotel Apartment	Beds 1 B/R	Size 1,003 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 6 units	Type Flat	Beds 1 B/R	Size 1,006 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 1803	Type Flat	Beds 1 B/R	Size 1,009 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 403A	Type Flat	Beds 1 B/R	Size 1,027 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 415	Type Flat	Beds 1 B/R	Size 1,360 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 418	Type Flat	Beds 1 B/R	Size 1,578 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 417A	Type Flat	Beds 1 B/R	Size 1,620 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 3 units	Type Hotel Apartment	Beds 2 B/R	Size 1,068 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 1410	Type Hotel Apartment	Beds 2 B/R	Size 1,247 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 1502	Type Flat	Beds 2 B/R	Size 1,304 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 1506	Type Hotel Apartment	Beds 2 B/R	Size 1,352 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 5 units	Type Flat	Beds 2 B/R	Size 1,357 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 505	Type Flat	Beds 2 B/R	Size 1,500 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 1904	Type Flat	Beds 3 B/R	Size 1,730 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 3 units	Type Flat	Beds 3 B/R	Size 1,850 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 1804	Type Flat	Beds 3 B/R	Size 2,042 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 3 units	Type Hotel Apartment	Beds Studio	Size 457 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 404	Type Flat	Beds Studio	Size 486 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 423	Type Flat	Beds Studio	Size 575 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 4 units	Type Flat	Beds Studio	Size 580 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 420	Type Hotel Apartment	Beds Studio	Size 580 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 1509	Type Hotel Apartment	Beds Studio	Size 607 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 1709	Type Flat	Beds Studio	Size 607 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 403	Type Flat	Beds Studio	Size 643 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 408	Type Flat	Beds Studio	Size 716 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 1909	Type Flat	Beds Studio	Size 740 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 401	Type Flat	Beds Studio	Size 744 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 1809	Type Flat	Beds Studio	Size 886 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 416	Type Flat	Beds Studio	Size 921 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units RETAIL-1	Type Shop	Beds —	Size 270 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units RETAIL-4	Type Shop	Beds —	Size 689 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units RETAIL-6	Type Shop	Beds —	Size 763 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units RETAIL-3	Type Shop	Beds —	Size 788 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units RETAIL-5	Type Shop	Beds —	Size 852 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units RETAIL-2	Type Shop	Beds —	Size 933 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units RETAIL-7	Type Shop	Beds —	Size 2,422 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

104 unique layouts covering 506 units