SKY BAY HOTEL

Ready

DeveloperT F G REAL ESTATE L.L.C

CommunityBusiness Bay

AreaBusiness Bay

Started

9 years 9 months ago16-04-2016

Handover

4 years 10 months ago01-03-2021

Status

CompleteFinished

Project Description

Sky Bay Hotel Building (B + G + P + 16 Floors + Roof) with internal and external finishes

Performance Alpha

Momentum: Last 90Dvs Last 12M Baseline

Falling

-16%

Decline

Current:AED 2,745/sqft

Last 12M:AED 3,277/sqft

Momentum: Last 12Mvs Prior Year

Rising

+24%

Growth

Last 12M:AED 3,277/sqft

Prior Year:AED 2,651/sqft

Community Compare: Last 90DBusiness Bay

Premium

+42%

Above Avg

Project:AED 3,547/sqft

Community:AED 2,497/sqft

Liquidity: Last 12MExit Speed

Low

3%Turnover

14Sold (Last 12M)

Supply & Demand Matrix

SKY BAY HOTEL averaged 3% 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

Studio

415 units

13 sold402 left

Velocity

1 Bedroom

22 units

1 sold21 left

Velocity

Shop

5 units

0 sold5 left

Velocity

Office

7 units

0 sold7 left

Velocity

Layouts & Units (449)

Units	Type	Beds	Size	Avg Price	Last Price	Last Sold	Sales
Units 53 units	Type Hotel Rooms	Beds Studio	Size 353 sqft	Avg Price AED 1.0M	Last Price AED 950K	Last Sold about 1 month ago	Sales 3

Units 136 units	Type Hotel Rooms	Beds Studio	Size 351 sqft	Avg Price AED 1.0M	Last Price AED 990K	Last Sold 2 months ago	Sales 6

Units 16 units	Type Hotel Rooms	Beds Studio	Size 408 sqft	Avg Price AED 1.4M	Last Price AED 1.4M	Last Sold 3 months ago	Sales 2

Units 10 units	Type Hotel Rooms	Beds 1 B/R	Size 1,135 sqft	Avg Price AED 2.0M	Last Price AED 2.0M	Last Sold 6 months ago	Sales 1

Units 14 units	Type Hotel Rooms	Beds Studio	Size 383 sqft	Avg Price AED 831K	Last Price AED 831K	Last Sold 8 months ago	Sales 1

Units 14 units	Type Hotel Rooms	Beds Studio	Size 399 sqft	Avg Price AED 1.1M	Last Price AED 1.1M	Last Sold over 1 year ago	Sales 1

Units 9 units	Type Hotel Rooms	Beds Studio	Size 491 sqft	Avg Price AED 1.0M	Last Price AED 1.0M	Last Sold almost 2 years ago	Sales 1

Units 9 units	Type Hotel Rooms	Beds Studio	Size 493 sqft	Avg Price AED 1.0M	Last Price AED 1.0M	Last Sold almost 2 years ago	Sales 1

Units RETAIL-1	Type Shop	Beds —	Size 72 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units OFFICE-2	Type Office	Beds —	Size 179 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units RETAIL-2	Type Shop	Beds —	Size 201 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units OFFICE-1	Type Office	Beds —	Size 305 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units OFFICE-5	Type Office	Beds —	Size 352 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units OFFICE-3	Type Office	Beds —	Size 404 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units HEALTH CLUB	Type Shop	Beds —	Size 666 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units OFFICE-6	Type Office	Beds —	Size 1,407 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units OFFICE-4	Type Office	Beds —	Size 2,499 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units VIP LOUNGE	Type Office	Beds —	Size 2,693 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units RESTAURANT-2	Type Shop	Beds —	Size 3,304 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units RESTAURANT-1	Type Shop	Beds —	Size 5,718 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 7 units	Type Hotel Rooms	Beds 1 B/R	Size 939 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 3 units	Type Hotel Rooms	Beds 1 B/R	Size 947 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 2 units	Type Hotel Rooms	Beds 1 B/R	Size 1,040 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 20 units	Type Hotel Rooms	Beds Studio	Size 376 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 7 units	Type Hotel Rooms	Beds Studio	Size 378 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 3 units	Type Hotel Rooms	Beds Studio	Size 389 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 23 units	Type Hotel Rooms	Beds Studio	Size 396 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 20 units	Type Hotel Rooms	Beds Studio	Size 406 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 47 units	Type Hotel Rooms	Beds Studio	Size 417 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 8 units	Type Hotel Rooms	Beds Studio	Size 419 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 4 units	Type Hotel Rooms	Beds Studio	Size 426 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 6 units	Type Hotel Rooms	Beds Studio	Size 428 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 14 units	Type Hotel Rooms	Beds Studio	Size 435 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 3 units	Type Hotel Rooms	Beds Studio	Size 446 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 2 units	Type Hotel Rooms	Beds Studio	Size 452 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 2 units	Type Hotel Rooms	Beds Studio	Size 453 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 2 units	Type Hotel Rooms	Beds Studio	Size 458 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 304	Type Hotel Rooms	Beds Studio	Size 550 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 213	Type Hotel Rooms	Beds Studio	Size 561 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 204	Type Hotel Rooms	Beds Studio	Size 566 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

40 unique layouts covering 449 units