VERA TOWER

Ready

DeveloperDAMAC WORLD REAL ESTATE L.L.C

CommunityBusiness Bay

AreaBusiness Bay

Started

9 years 1 month ago15-12-2016

Handover

3 years 9 months ago31-03-2022

Status

CompleteFinished

Project Description

PROJECT CONFIGRATION IS B+G+3P+25+R , RESIDENTIAL BUILDING WITH RETAIL UNITS ON THE GROUND FLOOR. THE UNITS ARE DESIGNED TO HAVE A RAINFORCED CONCRETE STRUCTURE WITH INTERNAL AND EXTERNAL FINISHES.

Performance Alpha

Momentum: Last 90Dvs Last 12M Baseline

Stable

Growth

Current:AED 2,109/sqft

Last 12M:AED 2,108/sqft

Momentum: Last 12Mvs Prior Year

Rising

+3%

Growth

Last 12M:AED 2,108/sqft

Prior Year:AED 2,037/sqft

Community Compare: Last 90DBusiness Bay

Discount

-15%

Below Avg

Project:AED 2,117/sqft

Community:AED 2,497/sqft

Liquidity: Last 12MExit Speed

Low

7%Turnover

39Sold (Last 12M)

Supply & Demand Matrix

VERA TOWER averaged 7% 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

4 units

3 sold1 left

75%

Velocity

1 Bedroom

293 units

22 sold271 left

Velocity

2 Bedrooms

225 units

14 sold211 left

Velocity

Shop

4 units

0 sold4 left

Velocity

Layouts & Units (526)

Units	Type	Beds	Size	Avg Price	Last Price	Last Sold	Sales
Units 87 units	Type Flat	Beds 2 B/R	Size 900 sqft	Avg Price AED 1.5M	Last Price AED 1.5M	Last Sold about 1 month ago	Sales 26

Units 163 units	Type Flat	Beds 1 B/R	Size 474 sqft	Avg Price AED 977K	Last Price AED 1.2M	Last Sold about 2 months ago	Sales 60

Units 54 units	Type Flat	Beds 2 B/R	Size 905 sqft	Avg Price AED 1.5M	Last Price AED 1.5M	Last Sold about 2 months ago	Sales 12

Units 23 units	Type Flat	Beds 1 B/R	Size 513 sqft	Avg Price AED 1.1M	Last Price AED 1.3M	Last Sold 3 months ago	Sales 12

Units 49 units	Type Flat	Beds 1 B/R	Size 485 sqft	Avg Price AED 1.0M	Last Price AED 990K	Last Sold 5 months ago	Sales 14

Units 48 units	Type Flat	Beds 2 B/R	Size 908 sqft	Avg Price AED 1.5M	Last Price AED 1.8M	Last Sold 5 months ago	Sales 9

Units 515	Type Flat	Beds Studio	Size 358 sqft	Avg Price AED 750K	Last Price AED 750K	Last Sold 6 months ago	Sales 1

Units 2 units	Type Flat	Beds 1 B/R	Size 511 sqft	Avg Price AED 1.1M	Last Price AED 1.1M	Last Sold 7 months ago	Sales 3

Units 53 units	Type Flat	Beds 1 B/R	Size 479 sqft	Avg Price AED 983K	Last Price AED 1.1M	Last Sold 9 months ago	Sales 19

Units 26 units	Type Flat	Beds 2 B/R	Size 890 sqft	Avg Price AED 1.6M	Last Price AED 2.0M	Last Sold 10 months ago	Sales 7

Units 407	Type Flat	Beds 2 B/R	Size 1,043 sqft	Avg Price AED 1.7M	Last Price AED 1.7M	Last Sold 11 months ago	Sales 1

Units 3 units	Type Flat	Beds Studio	Size 353 sqft	Avg Price AED 835K	Last Price AED 800K	Last Sold 11 months ago	Sales 2

Units 2 units	Type Flat	Beds 1 B/R	Size 611 sqft	Avg Price AED 860K	Last Price AED 860K	Last Sold over 2 years ago	Sales 1

Units 4 units	Type Flat	Beds 2 B/R	Size 897 sqft	Avg Price AED 1.4M	Last Price AED 1.4M	Last Sold almost 3 years ago	Sales 1

Units RETAIL-4	Type Shop	Beds —	Size 516 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units RETAIL-3	Type Shop	Beds —	Size 740 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units RETAIL-2	Type Shop	Beds —	Size 812 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units RETAIL-1	Type Shop	Beds —	Size 894 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 521	Type Flat	Beds 1 B/R	Size 605 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 416	Type Flat	Beds 2 B/R	Size 727 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 405	Type Flat	Beds 2 B/R	Size 946 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 406	Type Flat	Beds 2 B/R	Size 997 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 408	Type Flat	Beds 2 B/R	Size 1,060 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 409	Type Flat	Beds 2 B/R	Size 1,087 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

24 unique layouts covering 526 units