MAG 318
ReadyDeveloperMAG PROPERTY DEVELOPMENT L.L.C
CommunityBusiness Bay
AreaBusiness Bay
Started
8 years 3 months ago22-10-2017
Handover
5 years 1 month ago06-12-2020
Status
CompleteFinished
Project Description
PROJECT CONSISTS OF 2B+G+3P+19+R RESIDENTIAL & COMMERCIAL BUILDING LOCATED IN BUSINESS BAY. THE APARTMENTS ARE DESIGNED TO HAVE A CONCRETE STRUCTURE AND BLOCK WITH INTERNAL AND EXTERNAL FINISHES.
Performance Alpha
Momentum: Last 90Dvs Last 12M Baseline
Rising+9%
GrowthCurrent:AED 2,685/sqft
Last 12M:AED 2,460/sqft
Momentum: Last 12Mvs Prior Year
Rising+6%
GrowthLast 12M:AED 2,460/sqft
Prior Year:AED 2,313/sqft
Community Compare: Last 90DBusiness Bay
Premium+8%
Above AvgProject:AED 2,685/sqft
Community:AED 2,497/sqft
Liquidity: Last 12MExit Speed
Moderate10%Turnover
45Sold (Last 12M)
Supply & Demand Matrix
MAG 318 averaged 10% 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
Studio
316 units
34 sold282 left
11%
Velocity
1 Bedroom
48 units
2 sold46 left
4%
Velocity
2 Bedrooms
75 units
6 sold69 left
8%
Velocity
Shop
12 units
3 sold9 left
25%
Velocity
Layouts & Units (451)
| Units | Type | Beds | Size | Avg Price | Last Price | Last Sold | Sales |
|---|---|---|---|---|---|---|---|
Units 142 units | Type Flat | Beds Studio | Size 438 sqft | Avg Price AED 924K | Last Price AED 1.1M | Last Sold about 1 month ago | Sales 81 |
Units 89 units | Type Flat | Beds Studio | Size 433 sqft | Avg Price AED 903K | Last Price AED 1.1M | Last Sold 2 months ago | Sales 57 |
Units 17 units | Type Flat | Beds 1 B/R | Size 819 sqft | Avg Price AED 1.5M | Last Price AED 1.6M | Last Sold 4 months ago | Sales 11 |
Units 33 units | Type Flat | Beds 2 B/R | Size 1,045 sqft | Avg Price AED 1.8M | Last Price AED 2.3M | Last Sold 5 months ago | Sales 11 |
Units 34 units | Type Flat | Beds Studio | Size 446 sqft | Avg Price AED 941K | Last Price AED 1.1M | Last Sold 5 months ago | Sales 25 |
Units 36 units | Type Flat | Beds 2 B/R | Size 967 sqft | Avg Price AED 1.8M | Last Price AED 2.1M | Last Sold 5 months ago | Sales 15 |
Units 51 units | Type Flat | Beds Studio | Size 432 sqft | Avg Price AED 874K | Last Price AED 1.1M | Last Sold 11 months ago | Sales 36 |
Units 4 units | Type Flat | Beds 1 B/R | Size 890 sqft | Avg Price AED 1.5M | Last Price AED 1.5M | Last Sold over 2 years ago | Sales 1 |
Units 18 units | Type Flat | Beds 1 B/R | Size 982 sqft | Avg Price AED 1.8M | Last Price AED 1.6M | Last Sold about 4 years ago | Sales 2 |
Units 401 | Type Flat | Beds 2 B/R | Size 1,257 sqft | Avg Price AED 1.7M | Last Price AED 1.7M | Last Sold over 4 years ago | Sales 1 |
Units 409 | Type Flat | Beds 1 B/R | Size 1,563 sqft | Avg Price AED 1.9M | Last Price AED 1.9M | Last Sold over 4 years ago | Sales 1 |
Units 4 units | Type Flat | Beds 1 B/R | Size 876 sqft | Avg Price AED 1.8M | Last Price AED 1.8M | Last Sold over 4 years ago | Sales 1 |
Units R 03 | Type Shop | Beds — | Size 254 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units R 04 | Type Shop | Beds — | Size 343 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units R 02 | Type Shop | Beds — | Size 373 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units R 01 | Type Shop | Beds — | Size 588 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units R 12 | Type Shop | Beds — | Size 1,350 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units R 05 | Type Shop | Beds — | Size 1,416 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units R 09 | Type Shop | Beds — | Size 1,552 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units R 11 | Type Shop | Beds — | Size 1,984 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units R 06 | Type Shop | Beds — | Size 2,241 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units R 07 | Type Shop | Beds — | Size 2,562 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units R 08 | Type Shop | Beds — | Size 2,630 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units R 10 | Type Shop | Beds — | Size 3,180 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 2201 | Type Flat | Beds 1 B/R | Size 823 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 2 units | Type Flat | Beds 1 B/R | Size 872 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 413 | Type Flat | Beds 1 B/R | Size 1,203 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 3 units | Type Flat | Beds 2 B/R | Size 1,042 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 408 | Type Flat | Beds 2 B/R | Size 1,602 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 410 | Type Flat | Beds 2 B/R | Size 2,076 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
30 unique layouts covering 451 units