THE 118
ReadyCommunityDownTown Dubai
AreaBurj Khalifa
Started
11 years 10 months ago26-02-2014
Handover
8 years 8 months ago30-04-2017
Status
CompleteFinished
Project Description
HIGH END PROJECT CONSISTS OF G+M+4P+HC+8 SERVICE FLOOR +31 RESIDENTIAL APARTMENTS LOCATED IN BURJ KHALIFA AREA. THE APARTMENTS ARE DESIGNED TO HAVE A CONCRETE STRUCTURE AND BLOCK WITH INTERNAL AND EXTERNAL FINISHES.
Performance Alpha
Momentum: Last 90Dvs Last 12M Baseline
Falling-15%
DeclineCurrent:AED 3,529/sqft
Last 12M:AED 4,153/sqft
Momentum: Last 12Mvs Prior Year
Stable-2%
DeclineLast 12M:AED 4,153/sqft
Prior Year:AED 4,222/sqft
Community Compare: Last 90DDownTown Dubai
Premium+25%
Above AvgProject:AED 3,529/sqft
Community:AED 2,814/sqft
Liquidity: Last 12MExit Speed
High21%Turnover
6Sold (Last 12M)
Supply & Demand Matrix
THE 118 averaged 21% liquidity over the last 12 months, which is considered high. High velocity indicates an active secondary market with easier exit potential. Lower velocity suggests long-term holds or cooling demand.
Type
Absorption (L12M)
Velocity
4 Bedrooms
26 units
5 sold21 left
19%
Velocity
6 Bedrooms
2 units
1 sold1 left
50%
Velocity
Layouts & Units (28)
| Units | Type | Beds | Size | Avg Price | Last Price | Last Sold | Sales |
|---|---|---|---|---|---|---|---|
Units 25 units | Type Flat | Beds 4 B/R | Size 6,651 sqft | Avg Price AED 23.3M | Last Price AED 24.7M | Last Sold 3 months ago | Sales 22 |
Units 14 | Type Flat | Beds 4 B/R | Size 7,333 sqft | Avg Price AED 24.5M | Last Price AED 24.5M | Last Sold 3 months ago | Sales 1 |
Units 43 | Type Flat | Beds 6 B/R | Size 11,598 sqft | Avg Price AED 57.5M | Last Price AED 65.0M | Last Sold 10 months ago | Sales 2 |
Units 33 | Type Flat | Beds 6 B/R | Size 11,045 sqft | Avg Price AED 65.0M | Last Price AED 65.0M | Last Sold almost 2 years ago | Sales 1 |
4 unique layouts covering 28 units