SAFEER TOWER 1

Ready

DeveloperALSEEB REAL ESTATE DEVELOPMENT L.L.C

CommunityBusiness Bay

AreaBusiness Bay

Started

11 years 10 months ago01-03-2014

Handover

8 years 11 months ago26-01-2017

Status

CompleteFinished

Project Description

Residential Building consists of (2B + G + P + 15 floor), located in Business BAY area. The project designed as a concrete structure with internal & external finishing.

Performance Alpha

Momentum: Last 90Dvs Last 12M Baseline

Falling

-4%

Decline

Current:AED 1,283/sqft

Last 12M:AED 1,334/sqft

Momentum: Last 12Mvs Prior Year

Rising

+11%

Growth

Last 12M:AED 1,334/sqft

Prior Year:AED 1,205/sqft

Community Compare: Last 90DBusiness Bay

Discount

-49%

Below Avg

Project:AED 1,283/sqft

Community:AED 2,497/sqft

Liquidity: Last 12MExit Speed

Moderate

11%Turnover

20Sold (Last 12M)

Supply & Demand Matrix

SAFEER TOWER 1 averaged 11% 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

86 units

12 sold74 left

14%

Velocity

1 Bedroom

54 units

3 sold51 left

Velocity

2 Bedrooms

28 units

5 sold23 left

18%

Velocity

PENTHOUSE

2 units

0 sold2 left

Velocity

Shop

6 units

0 sold6 left

Velocity

Layouts & Units (176)

Units	Type	Beds	Size	Avg Price	Last Price	Last Sold	Sales
Units 14 units	Type Flat	Beds Studio	Size 445 sqft	Avg Price AED 529K	Last Price AED 655K	Last Sold 11 days ago	Sales 10

Units 12 units	Type Flat	Beds 1 B/R	Size 1,011 sqft	Avg Price AED 778K	Last Price AED 1.1M	Last Sold about 2 months ago	Sales 14

Units 12 units	Type Flat	Beds Studio	Size 462 sqft	Avg Price AED 578K	Last Price AED 655K	Last Sold 2 months ago	Sales 4

Units 24 units	Type Flat	Beds Studio	Size 455 sqft	Avg Price AED 555K	Last Price AED 650K	Last Sold 4 months ago	Sales 12

Units 14 units	Type Flat	Beds Studio	Size 427 sqft	Avg Price AED 580K	Last Price AED 699K	Last Sold 4 months ago	Sales 12

Units 14 units	Type Flat	Beds Studio	Size 429 sqft	Avg Price AED 623K	Last Price AED 660K	Last Sold 5 months ago	Sales 4

Units 14 units	Type Flat	Beds 2 B/R	Size 1,501 sqft	Avg Price AED 1.4M	Last Price AED 1.5M	Last Sold 5 months ago	Sales 10

Units 7 units	Type Flat	Beds 2 B/R	Size 1,583 sqft	Avg Price AED 1.4M	Last Price AED 1.5M	Last Sold 7 months ago	Sales 5

Units 28 units	Type Flat	Beds 1 B/R	Size 961 sqft	Avg Price AED 902K	Last Price AED 963K	Last Sold 8 months ago	Sales 14

Units 6 units	Type Flat	Beds Studio	Size 476 sqft	Avg Price AED 660K	Last Price AED 660K	Last Sold 8 months ago	Sales 1

Units 7 units	Type Flat	Beds 1 B/R	Size 857 sqft	Avg Price AED 953K	Last Price AED 1.0M	Last Sold 11 months ago	Sales 3

Units 7 units	Type Flat	Beds 2 B/R	Size 1,580 sqft	Avg Price AED 1.3M	Last Price AED 1.5M	Last Sold about 1 year ago	Sales 5

Units 7 units	Type Flat	Beds 1 B/R	Size 852 sqft	Avg Price AED 733K	Last Price AED 950K	Last Sold over 1 year ago	Sales 4

Units 2 units	Type Flat	Beds Studio	Size 601 sqft	Avg Price AED 360K	Last Price AED 360K	Last Sold about 5 years ago	Sales 1

Units 1501	Type Flat	Beds PENTHOUSE	Size 4,933 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 1502	Type Flat	Beds PENTHOUSE	Size 4,956 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units Retail-4	Type Shop	Beds —	Size 564 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units Retail-5	Type Shop	Beds —	Size 601 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 2 units	Type Shop	Beds —	Size 611 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units Retail-6	Type Shop	Beds —	Size 971 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units Retail-3	Type Shop	Beds —	Size 1,851 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

21 unique layouts covering 176 units