555 Park Views — project image
✓ Resale Available

555 Park Views

From AED 1.49M·Completed Sep 2024·Accepted payment methods: cash, bank_transfer, crypto, cr... Payment
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AED 1.49M
Starting Price
Sep 2024
Handover
Accepted payment methods: cash, bank_transfer, crypto, cr...
Payment Plan
1 BR · Apartments
Type

Project Overview

555 Park Views is a 5-storey apartment complex with 1-3 bedroom flats by developer Serene Developments in the JVT neighbourhood. All apartments have quality turnkey finishes, fully equipped bathrooms and kitchens with appliances and furniture, as well as modern elegant design. The stylish interiors of the complex use the best materials, finishes and furniture in warm shades, which creates an elegant yet cosy atmosphere. Each unit is presented with a balcony or terrace and is also connected to the Smart Home system. The roof garden is a feature of the internal infrastructure of the complex. The residential complex has many amenities. There are 5 tennis courts, 9 parks, gym with modern equipment, swimming pool, 24-hour security, recreation areas, intercom system, and pets are allowed. 555 Park Views is located in the JVT neighbourhood, a two-minute walk from the green park, surrounded by comfortable urban infrastructure close to significant and interesting places of Dubai. The neighbourhood has international schools, many cafes and shops. Ibn Battuta Mall and Al Furjan Pavillion are just 5 minutes away, Dubai Marina and The Blue Water are 10 minutes away and DIFC and Downtown Dubai are 15 minutes away, Sheikh Mohammed Bin Zayed Rd (E311) is 3 minutes away and Al Khail Rd is 8 minutes away. The Gardens Metro Station is 7 minutes away, International Airports are 20 minutes away.

Project Specifications
DeveloperSerene Development
LocationJumeirah Village Triangle (JVT)
Unit Types1 BR, Apartments
AreaJumeirah Village Triangle (JVT)
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 64,293 / year
Cash-on-Cash
2.2%
Levered cashflow AED 15,123
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 685,400 / 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 Serene Development.

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Payment Structure

Accepted payment methods: cash, bank_transfer, crypto, cr...

Published payment summary

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Amenities & Lifestyle

Intercom
Kids Play Area
Landscaped garden
Landscaped park
Leisure areas
Lift
Pets Allowed
Retail outlets
SPA
Security and CCTV
Shared Pool
Shared gym
Shared gym & fitness
Smart home
Social zone
Tennis court
Walking paths

Location

Jumeirah Village Triangle (JVT)

Nearby Destinations

Jumeirah Village Triangle (JVT)

Developer and Project Facts

01

555 Park Views by Serene Development

02

Located in Jumeirah Village Triangle (JVT)

03

Starting from AED 1,490,000

04

Unit mix includes 1 BR, Apartments

05

Expected handover: Sep 2024

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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