15 Northside
✓ Resale Available

15 Northside

From AED 1.83M·Completed Dec 2022·Developer payment plan available Payment
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AED 1.83M
Starting Price
Dec 2022
Handover
Developer payment plan available
Payment Plan
1 BR · Apartments
Type

Project Overview

15 Northside is a 21-storey residential development by developer Select Group, located on Dubai Canal waterfront. The development features 349 premium studios and 1-3 bedroom apartments, as well as a limited collection of four-bedroom apartments. All apartments have spacious balconies and panoramic windows that provide bright natural light and offer views of the waterfront and city panorama. The apartments are finished to a premium standard and the elegant kitchens are fully equipped and feature fitted closets. On the ninth floor there is a spacious open-air recreation area where you can organize a party with family and friends or have a barbecue. Active lifestyle enthusiasts will appreciate the two-level fitness center with a gym, tennis court, steam room, sauna and comfortable locker rooms. On the podium level is a temperature-controlled infinity pool with stunning views of the picturesque Dubai Canal and the panorama of the Downtown Dubai area with the world's tallest building. Attractions such as the Burj Khalifa skyscraper with restaurants and observation decks, the Dubai Mall, the Dubai Canal promenades and the vibrant Business Bay neighborhoods are within walking distance of the complex.

Project Specifications
DeveloperSelect Group
LocationBusiness Bay
Unit Types1 BR, Apartments
AreaBusiness Bay
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 78,965 / year
Cash-on-Cash
1.8%
Levered cashflow AED 18,575
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 118,950 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
15 Northside launch basis2,033AED 1.83MCurrent launch / asking basis
Business Bay ready-stock comps1,900AED 1.71MIndicative resale benchmark
Business Bay premium peer launches2,350AED 2.12MNew-launch peer set
Trophy alternative proxy2,950AED 2.65MHigher-end anchor for negotiation context

Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Select Group.

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Payment Structure

Developer payment plan available

Flexible Payment

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Amenities & Lifestyle

Covered gym
Dining outlets (coffee houses & restaurants)
Jogging tracks
Landscaped garden
Leisure areas
Lift
Lobby
Open air gym
Pool Deck
Resting Areas
Retail outlets
Security and CCTV
Shared Pool
Sitting Area
Social zone
Sunken Seating
Walking paths

Location

Business Bay

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Business BayBusiness BayDubai, UAE

Developer Track Record

01

15 Northside by Select Group

02

Located in Business Bay

03

Starting from AED 1,830,000

04

Unit mix includes 1 BR, Apartments

05

Expected handover: Dec 2022

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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