BUSINESS TOWER

Ready

DeveloperDAMAC PROPERTIES CO (L.L.C)

CommunityBusiness Bay

AreaBusiness Bay

Started

18 years 9 months ago27-03-2007

Handover

14 years 11 months ago14-02-2011

Status

CompleteFinished

Project Description

Freehold commercial tower development in Dubai Business Bay. The building is designed and constructed as 2B+G+3P+18. The tower is being constructed out of concrete structure and block with internal and external finishes. The office units will be handed over as ?shell and core? to be individually fitted by their respective owners.

Performance Alpha

Momentum: Last 90Dvs Last 12M Baseline

Stable

+1%

Growth

Current:AED 1,452/sqft

Last 12M:AED 1,444/sqft

Momentum: Last 12Mvs Prior Year

Rising

+10%

Growth

Last 12M:AED 1,444/sqft

Prior Year:AED 1,315/sqft

Community Compare: Last 90DBusiness Bay

Discount

-42%

Below Avg

Project:AED 1,452/sqft

Community:AED 2,497/sqft

Liquidity: Last 12MExit Speed

Moderate

14%Turnover

23Sold (Last 12M)

Supply & Demand Matrix

BUSINESS TOWER averaged 14% 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

Shop

15 units

1 sold14 left

Velocity

Office

151 units

22 sold129 left

15%

Velocity

Layouts & Units (166)

Units	Type	Beds	Size	Avg Price	Last Price	Last Sold	Sales
Units 17 units	Type Office	Beds —	Size 956 sqft	Avg Price AED 1.2M	Last Price AED 2.1M	Last Sold 2 months ago	Sales 34

Units 17 units	Type Office	Beds —	Size 822 sqft	Avg Price AED 1.0M	Last Price AED 1.1M	Last Sold 3 months ago	Sales 26

Units 17 units	Type Office	Beds —	Size 895 sqft	Avg Price AED 1.1M	Last Price AED 1.2M	Last Sold 3 months ago	Sales 31

Units 18 units	Type Office	Beds —	Size 978 sqft	Avg Price AED 1.1M	Last Price AED 1.3M	Last Sold 3 months ago	Sales 31

Units 17 units	Type Office	Beds —	Size 1,003 sqft	Avg Price AED 1.2M	Last Price AED 1.3M	Last Sold 3 months ago	Sales 28

Units 17 units	Type Office	Beds —	Size 1,014 sqft	Avg Price AED 1.2M	Last Price AED 1.4M	Last Sold 3 months ago	Sales 30

Units 17 units	Type Office	Beds —	Size 1,141 sqft	Avg Price AED 1.4M	Last Price AED 1.6M	Last Sold 3 months ago	Sales 28

Units 17 units	Type Office	Beds —	Size 1,227 sqft	Avg Price AED 1.5M	Last Price AED 1.7M	Last Sold 3 months ago	Sales 24

Units 402	Type Office	Beds —	Size 751 sqft	Avg Price AED 1.0M	Last Price AED 1.0M	Last Sold 3 months ago	Sales 2

Units 401	Type Office	Beds —	Size 923 sqft	Avg Price AED 1.1M	Last Price AED 1.1M	Last Sold 4 months ago	Sales 1

Units G-1A	Type Shop	Beds —	Size 519 sqft	Avg Price AED 923K	Last Price AED 1.6M	Last Sold 5 months ago	Sales 2

Units G-6	Type Shop	Beds —	Size 1,036 sqft	Avg Price AED 1.7M	Last Price AED 1.8M	Last Sold over 1 year ago	Sales 4

Units G-2	Type Shop	Beds —	Size 813 sqft	Avg Price AED 1.7M	Last Price AED 1.3M	Last Sold over 1 year ago	Sales 3

Units 803	Type Office	Beds —	Size 681 sqft	Avg Price AED 993K	Last Price AED 1.2M	Last Sold over 1 year ago	Sales 2

Units 807	Type Office	Beds —	Size 799 sqft	Avg Price AED 815K	Last Price AED 660K	Last Sold over 2 years ago	Sales 3

Units 812	Type Office	Beds —	Size 655 sqft	Avg Price AED 592K	Last Price AED 570K	Last Sold over 3 years ago	Sales 3

Units G-11	Type Shop	Beds —	Size 367 sqft	Avg Price AED 625K	Last Price AED 600K	Last Sold about 4 years ago	Sales 2

Units 805	Type Office	Beds —	Size 584 sqft	Avg Price AED 932K	Last Price AED 410K	Last Sold about 4 years ago	Sales 2

Units 810	Type Office	Beds —	Size 532 sqft	Avg Price AED 466K	Last Price AED 360K	Last Sold about 4 years ago	Sales 2

Units 806	Type Office	Beds —	Size 645 sqft	Avg Price AED 1.1M	Last Price AED 520K	Last Sold almost 6 years ago	Sales 2

Units G-9	Type Shop	Beds —	Size 566 sqft	Avg Price AED 1.0M	Last Price AED 800K	Last Sold over 8 years ago	Sales 3

Units 802	Type Office	Beds —	Size 566 sqft	Avg Price AED 663K	Last Price AED 510K	Last Sold about 9 years ago	Sales 2

Units 809	Type Office	Beds —	Size 512 sqft	Avg Price AED 804K	Last Price AED 804K	Last Sold over 11 years ago	Sales 1

Units HCR1	Type Shop	Beds —	Size 603 sqft	Avg Price AED 331K	Last Price AED 331K	Last Sold about 12 years ago	Sales 1

Units G-1B	Type Shop	Beds —	Size 636 sqft	Avg Price AED 350K	Last Price AED 350K	Last Sold about 12 years ago	Sales 1

Units G-3	Type Shop	Beds —	Size 644 sqft	Avg Price AED 354K	Last Price AED 354K	Last Sold about 12 years ago	Sales 1

Units G-5	Type Shop	Beds —	Size 947 sqft	Avg Price AED 521K	Last Price AED 521K	Last Sold about 12 years ago	Sales 1

Units G-4	Type Shop	Beds —	Size 1,411 sqft	Avg Price AED 776K	Last Price AED 776K	Last Sold about 12 years ago	Sales 1

Units 801	Type Office	Beds —	Size 732 sqft	Avg Price AED 759K	Last Price AED 759K	Last Sold over 12 years ago	Sales 1

Units G-12	Type Shop	Beds —	Size 398 sqft	Avg Price AED 1.0M	Last Price AED 1.0M	Last Sold over 12 years ago	Sales 2

Units G-10	Type Shop	Beds —	Size 452 sqft	Avg Price AED 1.1M	Last Price AED 1.1M	Last Sold over 12 years ago	Sales 1

Units 808	Type Office	Beds —	Size 600 sqft	Avg Price AED 590K	Last Price AED 590K	Last Sold almost 13 years ago	Sales 1

Units G-7	Type Shop	Beds —	Size 1,450 sqft	Avg Price AED 3.9M	Last Price AED 3.9M	Last Sold over 14 years ago	Sales 1

Units G-1	Type Shop	Beds —	Size 766 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units G-8	Type Shop	Beds —	Size 996 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 811	Type Office	Beds —	Size 543 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 403	Type Office	Beds —	Size 866 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

37 unique layouts covering 166 units