AZURE RESIDENCE
ReadyDeveloperTHE PALM - JUMEIRAH CO. (L.L.C)
CommunityPalm Jumeirah
AreaPalm Jumeirah
Started
12 years ago30-12-2013
Handover
9 years 7 months ago29-05-2016
Status
CompleteFinished
Project Description
Main Building: Residential+Retail 1B+G+10+2R and Round Restaurant Building G+1+R.
Performance Alpha
Momentum: Last 90Dvs Last 12M Baseline
Stable+1%
GrowthCurrent:AED 2,527/sqft
Last 12M:AED 2,510/sqft
Momentum: Last 12Mvs Prior Year
Rising+5%
GrowthLast 12M:AED 2,510/sqft
Prior Year:AED 2,382/sqft
Community Compare: Last 90DPalm Jumeirah
Discount-21%
Below AvgProject:AED 2,620/sqft
Community:AED 3,306/sqft
Liquidity: Last 12MExit Speed
Low7%Turnover
13Sold (Last 12M)
Supply & Demand Matrix
AZURE RESIDENCE averaged 7% 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
140 units
8 sold132 left
6%
Velocity
2 Bedrooms
30 units
5 sold25 left
17%
Velocity
Shop
8 units
0 sold8 left
0%
Velocity
Layouts & Units (179)
| Units | Type | Beds | Size | Avg Price | Last Price | Last Sold | Sales |
|---|---|---|---|---|---|---|---|
Units 90 units | Type Flat | Beds 1 B/R | Size 1,143 sqft | Avg Price AED 2.2M | Last Price AED 3.3M | Last Sold about 1 month ago | Sales 64 |
Units 9 units | Type Flat | Beds 1 B/R | Size 1,387 sqft | Avg Price AED 2.6M | Last Price AED 3.4M | Last Sold 3 months ago | Sales 4 |
Units 17 units | Type Flat | Beds 2 B/R | Size 2,017 sqft | Avg Price AED 4.1M | Last Price AED 5.9M | Last Sold 3 months ago | Sales 6 |
Units 3 units | Type Flat | Beds 2 B/R | Size 2,262 sqft | Avg Price AED 4.1M | Last Price AED 5.8M | Last Sold 7 months ago | Sales 4 |
Units 5 units | Type Flat | Beds 1 B/R | Size 1,151 sqft | Avg Price AED 2.0M | Last Price AED 2.6M | Last Sold 8 months ago | Sales 2 |
Units 10 units | Type Flat | Beds 2 B/R | Size 2,018 sqft | Avg Price AED 4.8M | Last Price AED 4.8M | Last Sold 9 months ago | Sales 8 |
Units 209 | Type Flat | Beds 1 B/R | Size 1,161 sqft | Avg Price AED 1.9M | Last Price AED 2.5M | Last Sold about 1 year ago | Sales 2 |
Units 27 units | Type Flat | Beds 1 B/R | Size 1,142 sqft | Avg Price AED 2.1M | Last Price AED 2.8M | Last Sold over 1 year ago | Sales 13 |
Units 3 units | Type Flat | Beds 1 B/R | Size 1,156 sqft | Avg Price AED 1.6M | Last Price AED 1.9M | Last Sold about 4 years ago | Sales 2 |
Units 4 units | Type Flat | Beds 1 B/R | Size 1,388 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 109 | Type Flat | Beds 1 B/R | Size 1,404 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 2 units | Type Shop | Beds — | Size 1,129 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 05 | Type Shop | Beds — | Size 1,521 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 03 | Type Shop | Beds — | Size 1,799 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 02 | Type Shop | Beds — | Size 1,822 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 01 | Type Shop | Beds — | Size 2,273 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 04 | Type Shop | Beds — | Size 2,522 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 08 | Type Shop | Beds — | Size 6,005 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units R001 | Type Gymnasium | Beds GYM | Size 3,401 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
19 unique layouts covering 179 units