The pricing context
Per-square-foot pricing at The Residences runs below newer Emaar mid-tier buildings, reflecting age. Generous unit sizes mean absolute prices for full apartments are similar to or above newer mid-tier despite lower per-sqft.
| Per-sqft pricing | Below newer Emaar mid-tier |
|---|---|
| Building age | ~19 years (2007) |
| Most-traded unit type | 1- and 2-bedroom apartments |
| Refurbishment premium | 30%+ between original and refurbished comparables |
| Tower variation | Significant across the 9 towers |
What drives the trend
Three forces. Downtown cycle drives directional movement. Refurbishment status creates large intra-building spread. Tower position within the 9-tower complex (outward vs interior, view side) adds another layer.
How to read pricing
Building averages mask wide spreads. Pull DLD comparables on the same tower, stack, and condition tier (original vs refurbished).
The Residences trades below newer mid-tier on per-sqft, with refurbishment, view, and tower position creating significant intra-complex variation.