ELITE RESIDENCE
ReadyDeveloperTAMEER HOLDING INVESTMENT (LLC)
CommunityDubai Marina
AreaMarsa Dubai
Started
17 years 10 months ago10-03-2008
Handover
13 years 6 months ago12-07-2012
Status
CompleteFinished
Project Description
Freehold residential tower development located in the Dubai Marina area. The tower is designed to consist of 4B+G+4P+82. The total number of units is expected to be 703 units and the building is to be constructed out of concrete with glass and hard surface finishes externally.
Performance Alpha
Momentum: Last 90Dvs Last 12M Baseline
Falling-3%
DeclineCurrent:AED 1,409/sqft
Last 12M:AED 1,455/sqft
Momentum: Last 12Mvs Prior Year
Stable-1%
DeclineLast 12M:AED 1,455/sqft
Prior Year:AED 1,474/sqft
Community Compare: Last 90DDubai Marina
Discount-23%
Below AvgProject:AED 1,431/sqft
Community:AED 1,848/sqft
Liquidity: Last 12MExit Speed
Moderate10%Turnover
70Sold (Last 12M)
Supply & Demand Matrix
ELITE 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
1 Bedroom
416 units
37 sold379 left
9%
Velocity
2 Bedrooms
208 units
25 sold183 left
12%
Velocity
3 Bedrooms
22 units
1 sold21 left
5%
Velocity
4 Bedrooms
50 units
7 sold43 left
14%
Velocity
5 Bedrooms
1 units
0 sold1 left
0%
Velocity
Shop
3 units
0 sold3 left
0%
Velocity
Layouts & Units (700)
| Units | Type | Beds | Size | Avg Price | Last Price | Last Sold | Sales |
|---|---|---|---|---|---|---|---|
Units 104 units | Type Flat | Beds 1 B/R | Size 737 sqft | Avg Price AED 1.1M | Last Price AED 1.2M | Last Sold 11 days ago | Sales 216 |
Units 208 units | Type Flat | Beds 1 B/R | Size 959 sqft | Avg Price AED 1.2M | Last Price AED 1.3M | Last Sold 17 days ago | Sales 386 |
Units 208 units | Type Flat | Beds 2 B/R | Size 1,329 sqft | Avg Price AED 1.9M | Last Price AED 1.9M | Last Sold 21 days ago | Sales 436 |
Units 20 units | Type Flat | Beds 4 B/R | Size 3,173 sqft | Avg Price AED 3.3M | Last Price AED 3.6M | Last Sold about 1 month ago | Sales 44 |
Units 104 units | Type Flat | Beds 1 B/R | Size 802 sqft | Avg Price AED 1.4M | Last Price AED 1.5M | Last Sold 7 months ago | Sales 221 |
Units 20 units | Type Flat | Beds 4 B/R | Size 3,211 sqft | Avg Price AED 4.8M | Last Price AED 5.9M | Last Sold 7 months ago | Sales 31 |
Units 10 units | Type Flat | Beds 3 B/R | Size 3,228 sqft | Avg Price AED 5.5M | Last Price AED 4.3M | Last Sold 10 months ago | Sales 13 |
Units 10 units | Type Flat | Beds 4 B/R | Size 6,246 sqft | Avg Price AED 11.2M | Last Price AED 10.0M | Last Sold 12 months ago | Sales 23 |
Units 8201 | Type Flat | Beds 3 B/R | Size 6,127 sqft | Avg Price AED 8.7M | Last Price AED 13.8M | Last Sold about 2 years ago | Sales 4 |
Units 10 units | Type Flat | Beds 3 B/R | Size 3,177 sqft | Avg Price AED 3.8M | Last Price AED 2.7M | Last Sold over 2 years ago | Sales 14 |
Units 8202 | Type Flat | Beds 3 B/R | Size 6,065 sqft | Avg Price AED 6.0M | Last Price AED 6.0M | Last Sold about 8 years ago | Sales 1 |
Units 8301 | Type Flat | Beds 5 B/R | Size 12,469 sqft | Avg Price AED 20.4M | Last Price AED 25.0M | Last Sold over 8 years ago | Sales 2 |
Units S2 | Type Shop | Beds — | Size 2,962 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units S3 | Type Shop | Beds — | Size 3,088 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units S1 | Type Shop | Beds — | Size 3,250 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
15 unique layouts covering 700 units