15 Northside — project image
✓ 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
Rental analysisSee scenario below

Illustrative Rental Scenario

Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.

Scenario Cap Rate
4.3%
NOI AED 78,964 / year
Cash-on-Cash
2.2%
Levered cashflow AED 18,574
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 841,800 / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.

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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

Published payment summary

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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

15 Northside location map
Project location

Nearby Destinations

Business Bay

Developer and Project Facts

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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Property Enquiries

Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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