MERANO TOWER
ReadyDeveloperDAMAC WORLD REAL ESTATE L.L.C
CommunityBusiness Bay
AreaBusiness Bay
Started
10 years 3 months ago01-10-2015
Handover
5 years 10 months ago27-02-2020
Status
CompleteFinished
Project Description
PROJECT CONSISTS OF 4B+G+P+28+R RESIDENTIAL BUILDING 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
Falling-5%
DeclineCurrent:AED 1,526/sqft
Last 12M:AED 1,614/sqft
Momentum: Last 12Mvs Prior Year
Falling-5%
DeclineLast 12M:AED 1,614/sqft
Prior Year:AED 1,702/sqft
Community Compare: Last 90DBusiness Bay
Discount-39%
Below AvgProject:AED 1,526/sqft
Community:AED 2,497/sqft
Liquidity: Last 12MExit Speed
Low9%Turnover
55Sold (Last 12M)
Supply & Demand Matrix
MERANO TOWER averaged 9% 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
83 units
7 sold76 left
8%
Velocity
1 Bedroom
398 units
32 sold366 left
8%
Velocity
2 Bedrooms
84 units
15 sold69 left
18%
Velocity
3 Bedrooms
11 units
1 sold10 left
9%
Velocity
Shop
5 units
0 sold5 left
0%
Velocity
Layouts & Units (581)
| Units | Type | Beds | Size | Avg Price | Last Price | Last Sold | Sales |
|---|---|---|---|---|---|---|---|
Units 179 units | Type Flat | Beds 1 B/R | Size 668 sqft | Avg Price AED 997K | Last Price AED 1.1M | Last Sold 8 days ago | Sales 70 |
Units 17 units | Type Flat | Beds 1 B/R | Size 753 sqft | Avg Price AED 1.2M | Last Price AED 1.1M | Last Sold 16 days ago | Sales 6 |
Units 27 units | Type Flat | Beds 2 B/R | Size 891 sqft | Avg Price AED 1.3M | Last Price AED 1.2M | Last Sold 17 days ago | Sales 16 |
Units 27 units | Type Flat | Beds 1 B/R | Size 616 sqft | Avg Price AED 924K | Last Price AED 990K | Last Sold 24 days ago | Sales 11 |
Units 27 units | Type Flat | Beds 2 B/R | Size 956 sqft | Avg Price AED 1.4M | Last Price AED 1.5M | Last Sold about 1 month ago | Sales 9 |
Units 109 units | Type Flat | Beds 1 B/R | Size 644 sqft | Avg Price AED 933K | Last Price AED 1.0M | Last Sold about 2 months ago | Sales 34 |
Units 30 units | Type Flat | Beds 1 B/R | Size 771 sqft | Avg Price AED 1.1M | Last Price AED 1.2M | Last Sold about 2 months ago | Sales 14 |
Units 213 | Type Flat | Beds 2 B/R | Size 952 sqft | Avg Price AED 1.3M | Last Price AED 1.3M | Last Sold about 2 months ago | Sales 1 |
Units 217 | Type Flat | Beds 1 B/R | Size 752 sqft | Avg Price AED 980K | Last Price AED 980K | Last Sold 2 months ago | Sales 1 |
Units 205 | Type Flat | Beds Studio | Size 381 sqft | Avg Price AED 532K | Last Price AED 532K | Last Sold 3 months ago | Sales 1 |
Units 27 units | Type Flat | Beds Studio | Size 331 sqft | Avg Price AED 571K | Last Price AED 584K | Last Sold 4 months ago | Sales 17 |
Units 27 units | Type Flat | Beds Studio | Size 334 sqft | Avg Price AED 693K | Last Price AED 800K | Last Sold 5 months ago | Sales 13 |
Units 17 units | Type Flat | Beds 2 B/R | Size 993 sqft | Avg Price AED 1.5M | Last Price AED 1.3M | Last Sold 5 months ago | Sales 10 |
Units 10 units | Type Flat | Beds 1 B/R | Size 662 sqft | Avg Price AED 836K | Last Price AED 1.0M | Last Sold 7 months ago | Sales 4 |
Units 10 units | Type Flat | Beds 2 B/R | Size 991 sqft | Avg Price AED 1.4M | Last Price AED 1.4M | Last Sold 7 months ago | Sales 3 |
Units 17 units | Type Flat | Beds 1 B/R | Size 664 sqft | Avg Price AED 1.0M | Last Price AED 1.1M | Last Sold 8 months ago | Sales 6 |
Units 27 units | Type Flat | Beds Studio | Size 398 sqft | Avg Price AED 738K | Last Price AED 750K | Last Sold 8 months ago | Sales 7 |
Units 10 units | Type Flat | Beds 3 B/R | Size 1,455 sqft | Avg Price AED 2.1M | Last Price AED 2.4M | Last Sold 11 months ago | Sales 4 |
Units 4 units | Type Flat | Beds 1 B/R | Size 629 sqft | Avg Price AED 585K | Last Price AED 570K | Last Sold over 4 years ago | Sales 2 |
Units 201 | Type Flat | Beds 1 B/R | Size 720 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 218 | Type Flat | Beds 1 B/R | Size 742 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 2 units | Type Flat | Beds 1 B/R | Size 767 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 212 | Type Flat | Beds 2 B/R | Size 884 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 214 | Type Flat | Beds 2 B/R | Size 969 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 216 | Type Flat | Beds 3 B/R | Size 1,431 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 219 | Type Flat | Beds Studio | Size 373 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units RETAIL-01 | Type Shop | Beds — | Size 859 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units RETAIL-05 | Type Shop | Beds — | Size 885 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units RETAIL-04 | Type Shop | Beds — | Size 964 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units RETAIL-03 | Type Shop | Beds — | Size 1,178 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units RETAIL-02 | Type Shop | Beds — | Size 2,405 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
31 unique layouts covering 581 units