SAFEER TOWER 2

Ready

DeveloperALSEEB REAL ESTATE DEVELOPMENT L.L.C

CommunityBusiness Bay

AreaBusiness Bay

Started

11 years 10 months ago01-03-2014

Handover

8 years 4 months ago29-08-2017

Status

CompleteFinished

Project Description

Residential building consists of 2B + G + P + 15, located in BUSINESS BAY region. The project is designed as a concrete structure with internal & external finishes.

Performance Alpha

Momentum: Last 90Dvs Last 12M Baseline

Rising

+8%

Growth

Current:AED 1,460/sqft

Last 12M:AED 1,354/sqft

Momentum: Last 12Mvs Prior Year

Rising

+13%

Growth

Last 12M:AED 1,354/sqft

Prior Year:AED 1,202/sqft

Community Compare: Last 90DBusiness Bay

Discount

-42%

Below Avg

Project:AED 1,460/sqft

Community:AED 2,497/sqft

Liquidity: Last 12MExit Speed

Moderate

15%Turnover

28Sold (Last 12M)

Supply & Demand Matrix

SAFEER TOWER 2 averaged 15% 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

102 units

23 sold79 left

23%

Velocity

1 Bedroom

54 units

4 sold50 left

Velocity

2 Bedrooms

20 units

1 sold19 left

Velocity

4 Bedrooms

2 units

0 sold2 left

Velocity

Shop

7 units

0 sold7 left

Velocity

Layouts & Units (185)

Units	Type	Beds	Size	Avg Price	Last Price	Last Sold	Sales
Units 39 units	Type Flat	Beds Studio	Size 480 sqft	Avg Price AED 625K	Last Price AED 675K	Last Sold 15 days ago	Sales 19

Units 6 units	Type Flat	Beds 1 B/R	Size 928 sqft	Avg Price AED 754K	Last Price AED 950K	Last Sold 2 months ago	Sales 2

Units 31 units	Type Flat	Beds Studio	Size 484 sqft	Avg Price AED 627K	Last Price AED 750K	Last Sold 2 months ago	Sales 17

Units 16 units	Type Flat	Beds Studio	Size 476 sqft	Avg Price AED 613K	Last Price AED 628K	Last Sold 5 months ago	Sales 4

Units 16 units	Type Flat	Beds 1 B/R	Size 878 sqft	Avg Price AED 745K	Last Price AED 1.3M	Last Sold 6 months ago	Sales 12

Units 5 units	Type Flat	Beds Studio	Size 471 sqft	Avg Price AED 572K	Last Price AED 670K	Last Sold 9 months ago	Sales 3

Units 16 units	Type Flat	Beds 1 B/R	Size 1,029 sqft	Avg Price AED 647K	Last Price AED 1.1M	Last Sold 9 months ago	Sales 15

Units 5 units	Type Flat	Beds 2 B/R	Size 1,618 sqft	Avg Price AED 1.1M	Last Price AED 1.6M	Last Sold 10 months ago	Sales 5

Units 11 units	Type Flat	Beds Studio	Size 491 sqft	Avg Price AED 523K	Last Price AED 600K	Last Sold 11 months ago	Sales 3

Units 10 units	Type Flat	Beds 1 B/R	Size 936 sqft	Avg Price AED 740K	Last Price AED 920K	Last Sold about 1 year ago	Sales 2

Units 1502	Type Flat	Beds 4 B/R	Size 4,988 sqft	Avg Price AED 4.8M	Last Price AED 6.0M	Last Sold over 1 year ago	Sales 2

Units 10 units	Type Flat	Beds 2 B/R	Size 1,467 sqft	Avg Price AED 1.1M	Last Price AED 1.5M	Last Sold over 1 year ago	Sales 5

Units Retail-7	Type Shop	Beds —	Size 544 sqft	Avg Price AED 730K	Last Price AED 730K	Last Sold over 2 years ago	Sales 1

Units 1501	Type Flat	Beds 4 B/R	Size 4,986 sqft	Avg Price AED 3.8M	Last Price AED 3.8M	Last Sold almost 3 years ago	Sales 1

Units 5 units	Type Flat	Beds 2 B/R	Size 1,617 sqft	Avg Price AED 970K	Last Price AED 970K	Last Sold almost 5 years ago	Sales 3

Units Retail-3	Type Shop	Beds —	Size 1,338 sqft	Avg Price AED 1.2M	Last Price AED 1.2M	Last Sold about 5 years ago	Sales 1

Units 2 units	Type Shop	Beds —	Size 1,225 sqft	Avg Price AED 1.1M	Last Price AED 1.1M	Last Sold about 5 years ago	Sales 2

Units Retail-2	Type Shop	Beds —	Size 2,595 sqft	Avg Price AED 3.5M	Last Price AED 3.5M	Last Sold almost 8 years ago	Sales 1

Units 101	Type Flat	Beds 1 B/R	Size 820 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 5 units	Type Flat	Beds 1 B/R	Size 927 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units Retail-6	Type Shop	Beds —	Size 554 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units Retail-1	Type Shop	Beds —	Size 1,242 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

22 unique layouts covering 185 units