Ocean Point

Off-Plan

DeveloperMINA RASHID PROPERTIES L.L.C

CommunityMina Rashid

AreaMadinat Dubai Almelaheyah

Started

1 year 6 months ago06-07-2024

Status

10% BuiltIn Progress

Project Description

Building 1 - Consisting of 89 units With Floors (GF+8+Roof) Building 2 - Consisting of 120 units With Floors (GF+8+Roof) Townhouses - Consisting of 8 units With Floors (GF+1+Roof)

Performance Alpha

Momentum: Last 90Dvs Last 12M Baseline

Falling

-8%

Decline

Current:AED 1,982/sqft

Last 12M:AED 2,159/sqft

Momentum: Last 12Mvs Prior Year

Rising

+3%

Growth

Last 12M:AED 2,159/sqft

Prior Year:AED 2,089/sqft

Community Compare: Last 90DMina Rashid

Discount

-30%

Below Avg

Project:AED 1,982/sqft

Community:AED 2,842/sqft

Liquidity: Last 12MExit Speed

Low

2%Turnover

4Sold (Last 12M)

Supply & Demand Matrix

Ocean Point averaged 2% 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

97 units

2 sold95 left

Velocity

2 Bedrooms

86 units

2 sold84 left

Velocity

3 Bedrooms

34 units

0 sold34 left

Velocity

Layouts & Units (217)

Units	Type	Beds	Size	Avg Price	Last Price	Last Sold	Sales
Units 62 units	Type Flat	Beds 1 B/R	Size 788 sqft	Avg Price AED 1.7M	Last Price AED 1.7M	Last Sold 23 days ago	Sales 63

Units 40 units	Type Flat	Beds 2 B/R	Size 1,255 sqft	Avg Price AED 2.5M	Last Price AED 2.3M	Last Sold about 1 month ago	Sales 41

Units 27 units	Type Flat	Beds 1 B/R	Size 806 sqft	Avg Price AED 1.8M	Last Price AED 1.9M	Last Sold 2 months ago	Sales 28

Units 10 units	Type Flat	Beds 2 B/R	Size 1,158 sqft	Avg Price AED 2.5M	Last Price AED 2.6M	Last Sold 8 months ago	Sales 11

Units 112	Type Flat	Beds 1 B/R	Size 972 sqft	Avg Price AED 1.8M	Last Price AED 1.8M	Last Sold over 1 year ago	Sales 1

Units 19 units	Type Flat	Beds 3 B/R	Size 1,608 sqft	Avg Price AED 3.4M	Last Price AED 3.3M	Last Sold over 1 year ago	Sales 19

Units 2 units	Type Flat	Beds 2 B/R	Size 1,260 sqft	Avg Price AED 2.7M	Last Price AED 2.6M	Last Sold over 1 year ago	Sales 2

Units 8 units	Type Flat	Beds 2 B/R	Size 1,169 sqft	Avg Price AED 2.4M	Last Price AED 2.4M	Last Sold over 1 year ago	Sales 8

Units 8 units	Type Flat	Beds 2 B/R	Size 1,271 sqft	Avg Price AED 2.5M	Last Price AED 2.5M	Last Sold over 1 year ago	Sales 8

Units G03	Type Flat	Beds 2 B/R	Size 1,479 sqft	Avg Price AED 2.9M	Last Price AED 2.9M	Last Sold over 1 year ago	Sales 1

Units 2 units	Type Flat	Beds 3 B/R	Size 1,963 sqft	Avg Price AED 3.5M	Last Price AED 3.5M	Last Sold over 1 year ago	Sales 2

Units TH-04	Type Flat	Beds 3 B/R	Size 3,088 sqft	Avg Price AED 5.9M	Last Price AED 5.9M	Last Sold over 1 year ago	Sales 1

Units 101	Type Flat	Beds 1 B/R	Size 934 sqft	Avg Price AED 1.8M	Last Price AED 1.8M	Last Sold over 1 year ago	Sales 1

Units 109	Type Flat	Beds 1 B/R	Size 810 sqft	Avg Price AED 2.0M	Last Price AED 2.0M	Last Sold over 1 year ago	Sales 1

Units G01	Type Flat	Beds 2 B/R	Size 1,462 sqft	Avg Price AED 2.9M	Last Price AED 2.9M	Last Sold over 1 year ago	Sales 1

Units 119	Type Flat	Beds 3 B/R	Size 1,935 sqft	Avg Price AED 3.5M	Last Price AED 3.5M	Last Sold over 1 year ago	Sales 1

Units 101	Type Flat	Beds 1 B/R	Size 923 sqft	Avg Price AED 1.8M	Last Price AED 1.8M	Last Sold over 1 year ago	Sales 1

Units 2 units	Type Flat	Beds 1 B/R	Size 967 sqft	Avg Price AED 1.9M	Last Price AED 1.8M	Last Sold over 1 year ago	Sales 2

Units 2 units	Type Flat	Beds 1 B/R	Size 973 sqft	Avg Price AED 1.8M	Last Price AED 1.8M	Last Sold over 1 year ago	Sales 2

Units 12 units	Type Flat	Beds 2 B/R	Size 1,274 sqft	Avg Price AED 2.6M	Last Price AED 2.5M	Last Sold over 1 year ago	Sales 12

Units 2 units	Type Flat	Beds 2 B/R	Size 1,279 sqft	Avg Price AED 2.7M	Last Price AED 2.5M	Last Sold over 1 year ago	Sales 2

Units 2 units	Type Flat	Beds 2 B/R	Size 1,468 sqft	Avg Price AED 2.6M	Last Price AED 2.6M	Last Sold over 1 year ago	Sales 2

Units 3 units	Type Flat	Beds 3 B/R	Size 1,628 sqft	Avg Price AED 3.4M	Last Price AED 3.4M	Last Sold over 1 year ago	Sales 3

Units 103	Type Flat	Beds 3 B/R	Size 1,973 sqft	Avg Price AED 3.5M	Last Price AED 3.5M	Last Sold over 1 year ago	Sales 1

Units TH-03	Type Flat	Beds 3 B/R	Size 3,057 sqft	Avg Price AED 5.8M	Last Price AED 5.8M	Last Sold over 1 year ago	Sales 1

Units 3 units	Type Flat	Beds 3 B/R	Size 3,059 sqft	Avg Price AED 5.8M	Last Price AED 5.8M	Last Sold over 1 year ago	Sales 3

Units TH-05	Type Flat	Beds 3 B/R	Size 3,068 sqft	Avg Price AED 5.8M	Last Price AED 5.8M	Last Sold over 1 year ago	Sales 1

Units TH-02	Type Flat	Beds 3 B/R	Size 3,040 sqft	Avg Price AED 5.8M	Last Price AED 5.8M	Last Sold over 1 year ago	Sales 1

Units TH-08	Type Flat	Beds 3 B/R	Size 3,065 sqft	Avg Price AED 5.7M	Last Price AED 5.7M	Last Sold over 1 year ago	Sales 1

29 unique layouts covering 217 units