OPAL TOWER
ReadyCommunityBusiness Bay
AreaBusiness Bay
Started
16 years 2 months ago07-11-2009
Handover
13 years 1 month ago26-11-2012
Status
CompleteFinished
Project Description
Freehold commercial tower development in Business Bay. The building is designed to be constructed as 4B+G+3P+20 formed in a concrete structure with its internal and external finishes. The office units will be handed over as ?core and shell? to be individually fitted by their respective owners.
Performance Alpha
Momentum: Last 90Dvs Last 12M Baseline
Rising+5%
GrowthCurrent:AED 1,811/sqft
Last 12M:AED 1,727/sqft
Momentum: Last 12Mvs Prior Year
Rising+9%
GrowthLast 12M:AED 1,727/sqft
Prior Year:AED 1,589/sqft
Community Compare: Last 90DBusiness Bay
Discount-27%
Below AvgProject:AED 1,811/sqft
Community:AED 2,497/sqft
Liquidity: Last 12MExit Speed
Moderate14%Turnover
28Sold (Last 12M)
Supply & Demand Matrix
OPAL 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
6 units
0 sold6 left
0%
Velocity
Office
200 units
28 sold172 left
14%
Velocity
Layouts & Units (206)
| Units | Type | Beds | Size | Avg Price | Last Price | Last Sold | Sales |
|---|---|---|---|---|---|---|---|
Units 40 units | Type Office | Beds — | Size 1,490 sqft | Avg Price AED 2.0M | Last Price AED 2.5M | Last Sold 11 days ago | Sales 50 |
Units 40 units | Type Office | Beds — | Size 1,927 sqft | Avg Price AED 2.7M | Last Price AED 3.3M | Last Sold 11 days ago | Sales 44 |
Units 36 units | Type Office | Beds — | Size 1,203 sqft | Avg Price AED 1.5M | Last Price AED 2.8M | Last Sold about 2 months ago | Sales 34 |
Units 36 units | Type Office | Beds — | Size 1,343 sqft | Avg Price AED 1.7M | Last Price AED 3.1M | Last Sold about 2 months ago | Sales 37 |
Units 16 units | Type Office | Beds — | Size 2,202 sqft | Avg Price AED 2.9M | Last Price AED 5.1M | Last Sold about 2 months ago | Sales 17 |
Units 19 units | Type Office | Beds — | Size 2,204 sqft | Avg Price AED 3.2M | Last Price AED 5.5M | Last Sold 3 months ago | Sales 20 |
Units 4 units | Type Office | Beds — | Size 1,312 sqft | Avg Price AED 1.9M | Last Price AED 2.5M | Last Sold 10 months ago | Sales 8 |
Units 4 units | Type Office | Beds — | Size 2,159 sqft | Avg Price AED 3.4M | Last Price AED 3.4M | Last Sold 11 months ago | Sales 7 |
Units 4 units | Type Office | Beds — | Size 1,189 sqft | Avg Price AED 1.8M | Last Price AED 1.4M | Last Sold about 2 years ago | Sales 6 |
Units 1006 | Type Office | Beds — | Size 2,094 sqft | Avg Price AED 1.7M | Last Price AED 1.7M | Last Sold over 8 years ago | Sales 1 |
Units SH-6 | Type Shop | Beds — | Size 1,615 sqft | Avg Price AED 4.0M | Last Price AED 4.0M | Last Sold over 10 years ago | Sales 1 |
Units SH-4 | Type Shop | Beds — | Size 666 sqft | Avg Price AED 1.7M | Last Price AED 1.7M | Last Sold about 11 years ago | Sales 1 |
Units SH-5 | Type Shop | Beds — | Size 1,628 sqft | Avg Price AED 4.1M | Last Price AED 4.1M | Last Sold about 11 years ago | Sales 1 |
Units SH-1 | Type Shop | Beds — | Size 1,109 sqft | Avg Price AED 2.8M | Last Price AED 2.8M | Last Sold about 11 years ago | Sales 1 |
Units SH-2 | Type Shop | Beds — | Size 1,188 sqft | Avg Price AED 3.0M | Last Price AED 3.0M | Last Sold about 11 years ago | Sales 1 |
Units SH-3 | Type Shop | Beds — | Size 2,098 sqft | Avg Price AED 5.2M | Last Price AED 5.2M | Last Sold about 11 years ago | Sales 1 |
16 unique layouts covering 206 units