by SKY PALACES REAL ESTATE DEVELOPMENT L.L.C·BUSINESS BAYResidentialFreeholdOff-plan Heavy
Development & Handover Profile
✓ Handover CompleteConstruction Progress100.0%
Project Start
Mar 1, 2018
Expected Handover
Jun 1, 2022
Official Status
FINISHED
Total Units
57
Avg Unit Size
19861 sqft
Freehold Ratio
100%
Escrow Agent
Ajman Bank
Median Price
AED 27.75M
PSF
AED 3,960/sqft
Sales 12M
2
vs Area
+1900.7%
Asset Turnover
ⓘ
3.5%
Liquidity (12M)
Physical Inventory Profile
Total Registered Units
57
Avg Unit Size
19861 sqft
2BR
17.5%4BR+
33.3%1BR
3.5%Retail
1.8%NA
17.5%Studio
12.3%3BR
14.0%Room Configuration
| Unit Type | Count | Share |
|---|---|---|
| 4BR+ | 19 | 33.3% |
| 2BR | 10 | 17.5% |
| NA | 10 | 17.5% |
| 3BR | 8 | 14.0% |
| Studio | 7 | 12.3% |
| 1BR | 2 | 3.5% |
| Retail | 1 | 1.8% |
Price & Volume Trend
Unit Liquidity Matrix
⚠️ Ghost Units DetectedCompares physical inventory against actual 12M sales volume. A Demand Index near 1.0 indicates a perfectly balanced secondary market for that unit type.
| Unit Type | Inventory Share | Sales Share (12M) | Demand Index | Status |
|---|---|---|---|---|
| 4BR+ | 41.3% 19 units | 20.0% 1 sold | 0.48 | ⚠️ STAGNANT |
| 2BR | 21.7% 10 units | 60.0% 3 sold | 2.76 | 🔥 HIGH DEMAND |
| 3BR | 17.4% 8 units | 20.0% 1 sold | 1.15 | ⚠️ STAGNANT |
| Studio | 15.2% 7 units | 0.0% 0 sold | — | 🚫 GHOST UNIT |
| 1BR | 4.3% 2 units | 0.0% 0 sold | — | ⚠️ STAGNANT |
Investor Warning: This project contains “Ghost Units” — configurations that make up a large portion of the building but see near-zero secondary market trading. Reselling these specific unit types may take significantly longer than average.
Recent Transactions
| Date | Area | Project | Rooms | Price | PSF | Status | Ownership |
|---|---|---|---|---|---|---|---|
30 Jul 2026 | BUSINESS BAY | 2BR | AED 22.50M | AED 5,606/sqft | Ready | Freehold | |
27 Jan 2026 | BUSINESS BAY | 3BR | AED 40.85M | AED 6,554/sqft | Ready | Freehold | |
16 Jan 2026 | BUSINESS BAY | 2BR | AED 26.50M | AED 6,607/sqft | Ready | Freehold | |
14 Oct 2025 | BUSINESS BAY | 2BR | AED 32.00M | AED 7,974/sqft | Ready | Freehold | |
17 Sep 2025 | BUSINESS BAY | 4BR+ | AED 45.00M | AED 5,849/sqft | Ready | Freehold | |
12 Dec 2024 | BUSINESS BAY | 1BR | AED 57.50M | AED 6,216/sqft | Ready | Freehold | |
21 Nov 2024 | BUSINESS BAY | 4BR+ | AED 91.35M | AED 9,083/sqft | Ready | Freehold | |
22 Oct 2024 | BUSINESS BAY | 2BR | AED 26.50M | AED 6,607/sqft | Ready | Freehold | |
13 Aug 2024 | BUSINESS BAY | 4BR+ | AED 139.00M | AED 8,376/sqft | Ready | Freehold | |
2 Aug 2024 | BUSINESS BAY | AED 901K | AED 2,084/sqft | Ready | Freehold | ||
2 Aug 2024 | BUSINESS BAY | AED 1.48M | AED 2,136/sqft | Ready | Freehold | ||
2 Aug 2024 | BUSINESS BAY | AED 2.92M | AED 2,057/sqft | Ready | Freehold | ||
2 Aug 2024 | BUSINESS BAY | AED 2.45M | AED 2,125/sqft | Ready | Freehold | ||
2 Aug 2024 | BUSINESS BAY | AED 633K | AED 2,150/sqft | Ready | Freehold | ||
2 Aug 2024 | BUSINESS BAY | AED 4.25M | AED 2,005/sqft | Ready | Freehold | ||
2 Aug 2024 | BUSINESS BAY | AED 3.10M | AED 2,034/sqft | Ready | Freehold | ||
2 Aug 2024 | BUSINESS BAY | AED 1.17M | AED 2,149/sqft | Ready | Freehold | ||
2 Aug 2024 | BUSINESS BAY | AED 2.67M | AED 2,136/sqft | Ready | Freehold | ||
2 Aug 2024 | BUSINESS BAY | AED 816K | AED 2,143/sqft | Ready | Freehold | ||
1 Jul 2024 | BUSINESS BAY | 3BR | AED 29.00M | AED 5,905/sqft | Ready | Freehold | |
11 Jun 2024 | BUSINESS BAY | AED 204.81M | AED 1,263/sqft | Ready | Freehold | ||
2 Aug 2023 | BUSINESS BAY | 3BR | AED 31.00M | AED 6,278/sqft | Off-plan | Freehold | |
23 May 2023 | BUSINESS BAY | 4BR+ | AED 34.90M | AED 4,526/sqft | Off-plan | Freehold | |
17 Apr 2023 | BUSINESS BAY | 2BR | AED 25.00M | AED 6,237/sqft | Off-plan | Freehold | |
9 Jan 2023 | BUSINESS BAY | 3BR | AED 24.83M | AED 3,807/sqft | Off-plan | Freehold | |
9 Jan 2023 | BUSINESS BAY | 3BR | AED 19.90M | AED 4,030/sqft | Off-plan | Freehold | |
4 Nov 2022 | BUSINESS BAY | 4BR+ | AED 57.09M | AED 5,004/sqft | Off-plan | Freehold | |
3 Nov 2022 | BUSINESS BAY | 4BR+ | AED 65.80M | AED 6,541/sqft | Off-plan | Freehold | |
25 Oct 2022 | BUSINESS BAY | 2BR | AED 20.00M | AED 5,031/sqft | Off-plan | Freehold | |
19 Oct 2022 | BUSINESS BAY | 4BR+ | AED 45.00M | AED 4,474/sqft | Off-plan | Freehold |