Edgewater Residences

Off-Plan

DeveloperM G S DEVELOPMENT L.L.C

CommunityPalm Deira

AreaPalm Deira

Started

1 year 8 months ago30-04-2024

Status

9% BuiltIn Progress

Project Description

proposed G+2P+12TYP+R Residential Building.The project designed to have a concrete structure and block with internal and external finishes.

Performance Alpha

Momentum: Last 90Dvs Last 12M Baseline

Stable

Growth

Current:AED 2,463/sqft

Last 12M:AED 2,463/sqft

Momentum: Last 12Mvs Prior Year

Rising

+23%

Growth

Last 12M:AED 2,463/sqft

Prior Year:AED 2,007/sqft

Community Compare: Last 90DPalm Deira

At Market

-2%

Below Avg

Project:AED 2,463/sqft

Community:AED 2,506/sqft

Liquidity: Last 12MExit Speed

Low

4%Turnover

3Sold (Last 12M)

Supply & Demand Matrix

Edgewater Residences averaged 4% 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

1 Bedroom

21 units

3 sold18 left

14%

Velocity

2 Bedrooms

33 units

0 sold33 left

Velocity

3 Bedrooms

25 units

0 sold25 left

Velocity

Layouts & Units (79)

Units	Type	Beds	Size	Avg Price	Last Price	Last Sold	Sales
Units 10 units	Type Flat	Beds 1 B/R	Size 551 sqft	Avg Price AED 1.2M	Last Price AED 1.3M	Last Sold 30 days ago	Sales 13

Units 5 units	Type Flat	Beds 2 B/R	Size 1,128 sqft	Avg Price AED 2.3M	Last Price AED 2.3M	Last Sold about 1 year ago	Sales 5

Units 10 units	Type Flat	Beds 1 B/R	Size 747 sqft	Avg Price AED 1.6M	Last Price AED 1.6M	Last Sold about 1 year ago	Sales 10

Units 5 units	Type Flat	Beds 3 B/R	Size 1,365 sqft	Avg Price AED 2.6M	Last Price AED 2.8M	Last Sold about 1 year ago	Sales 5

Units 5 units	Type Flat	Beds 2 B/R	Size 1,051 sqft	Avg Price AED 2.1M	Last Price AED 2.1M	Last Sold about 1 year ago	Sales 5

Units 5 units	Type Flat	Beds 2 B/R	Size 1,125 sqft	Avg Price AED 2.2M	Last Price AED 2.1M	Last Sold about 1 year ago	Sales 5

Units 5 units	Type Flat	Beds 3 B/R	Size 1,489 sqft	Avg Price AED 2.8M	Last Price AED 2.9M	Last Sold about 1 year ago	Sales 5

Units 5 units	Type Flat	Beds 3 B/R	Size 1,379 sqft	Avg Price AED 2.6M	Last Price AED 2.5M	Last Sold about 1 year ago	Sales 5

Units 5 units	Type Flat	Beds 3 B/R	Size 1,413 sqft	Avg Price AED 2.7M	Last Price AED 2.7M	Last Sold about 1 year ago	Sales 5

Units 5 units	Type Flat	Beds 2 B/R	Size 1,063 sqft	Avg Price AED 2.1M	Last Price AED 2.2M	Last Sold about 1 year ago	Sales 5

Units 5 units	Type Flat	Beds 2 B/R	Size 1,385 sqft	Avg Price AED 2.7M	Last Price AED 2.7M	Last Sold over 1 year ago	Sales 1

Units 1204	Type Flat	Beds 3 B/R	Size 1,913 sqft	Avg Price AED 3.6M	Last Price AED 3.6M	Last Sold over 1 year ago	Sales 1

Units 1201	Type Flat	Beds 3 B/R	Size 1,752 sqft	Avg Price AED 3.3M	Last Price AED 3.3M	Last Sold over 1 year ago	Sales 1

Units 104	Type Flat	Beds 1 B/R	Size 1,070 sqft	Avg Price AED 1.7M	Last Price AED 1.7M	Last Sold over 1 year ago	Sales 1

Units 1203	Type Flat	Beds 2 B/R	Size 1,319 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 5 units	Type Flat	Beds 2 B/R	Size 1,445 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 102	Type Flat	Beds 2 B/R	Size 1,759 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 103	Type Flat	Beds 2 B/R	Size 2,342 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 1202	Type Flat	Beds 3 B/R	Size 2,186 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 105	Type Flat	Beds 3 B/R	Size 2,348 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 101	Type Flat	Beds 3 B/R	Size 3,436 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

21 unique layouts covering 79 units