OFFICE ADDAX PORT OFFICE TOWER
17,884 sqft · Addax Port Office Tower
★ Golden VisaVerified 127d ago
Now
AED 29.51M
AED 1,650
Price / sqft
17,884 sqft
Built-up area
20716d
On market
vs 115d median
AED 152,099
Mortgage est.
25y · 6% · 20% down
II · THE THESIS
DEAL SCORE PENDINGWHY THIS IS A DEAL
01
HEADLINE · COMPOSITE
SCORE BREAKDOWN
Awaiting first price event to compute score.
Insider unlocks the four evidence rows below.
Motivation · Negotiability · Below median · Every section below
INPUTS
4 signals + relist
WEIGHTS
Drop 35 · Neg 25 · Med 20 · Conf 10 · Relist 10
COMPS
51 comps · Daily
BENCHMARK
Al Reem Island, last 180d
REFRESH
Daily
IV · CASHFLOW
UAE CB GUIDELINES · YOUR ASSUMPTIONSMORTGAGE · RENT · BREAK-EVEN
YOUR ASSUMPTIONS
Down payment20%
15%40%
Interest rate6.00%
3.50%8.00%
Term25 yr
15 yr30 yr
UAE CB caps · 25-yr tenor · 80% LTV on a first home ≤ AED 5M · rates vary by bank — drag the sliders
MONTHLY · NOW
AED 152K
vs AED 152K at pre-drop price (AED 29.51M) · See cuts ↓
DOWN PAYMENT
AED 5.90M
20% of price
DLD FEE
AED 1.18M
4% of price
MORTGAGE REG
AED 59K
0.25% loan + 290
CASH TO CLOSE
AED 7.14M
Day-one out-of-pocket
LOAN AMOUNT
AED 23.61M
25y · 6.00%
TOTAL INTEREST
AED 22.02M
Over full term
RENT VS BUY
RENT · ESTIMATE
AED 148K
/ mo · ~6% gross yield
BUY · NOW
AED 152K
+AED 5K / mo
Your monthly cost is already higher than the rent estimate — the buy vs rent break-even leans on price appreciation rather than monthly cash flow.
STRESS TEST
AT VARIOUS RATESIf rates climb to 8%, your payment grows by ~AED 30K/mo.
V · COMPARABLES
AL REEM ISLAND · ACTIVEVALUE · 42 COMPS
VALUE HEADLINE
AED 1,650 /sqft+3%
vs area median AED 1,598 /sqft · 41 comps
RANK
23 / 42
MID/HIGH RANGE
PRICE × SIZE · DROP-WEIGHTED
DOT SIZE = DROP %AED / SQFT · DISTRIBUTION
BREAKDOWN · 41 LISTINGS
MORE EXPENSIVE /SQFT
19
46% of comps
CHEAPER /SQFT
22
See table
MEDIAN DOM
—
this listing: —
NEW THIS WEEK
—
Last 7 days
ListingPriceSizeAED/sqftDrop %DOMΔ vs this
This listingThisAED 29.51M17,8841,650———Fully Fitted Office · Convenient Layout · VacantAED 900K8421,069——-35%Multi-Purpose OfficeAED 530K4561,162——-30%High Floor · Sea View · 6 Combined Unit LayoutAED 13.00M10,8001,204——-27%Compact Fitted Office · 1 ParkingAED 550K4501,222——-26%Closed Kitchen · AmenitiesAED 1.40M1,0371,350——-18%TAKEAWAYOf 41 comparables, 19 are more expensive per sqft. The 22 cheaper ones are a mix of smaller units and older buildings.
Unlock all comparables · AED 199 / mo
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