555 Park Views
✓ 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
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 64,294 / year
Cash-on-Cash
1.8%
Levered cashflow AED 15,124
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 96,850 / 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
555 Park Views launch basis1,656AED 1.49MCurrent launch / asking basis
Jumeirah Village Triangle (JVT) ready-stock comps1,500AED 1.35MIndicative resale benchmark
Jumeirah Village Triangle (JVT) premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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555 Park Views official render 1

555 Park Views official render 1

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555 Park Views official render 9

555 Park Views official render 10

555 Park Views official render 10

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...

Flexible Payment

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Floor Plans

555 Park Views — 1 Bedroom Floor Plan

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

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Jumeirah Village Triangle (JVT)Jumeirah Village Triangle (JVT)Dubai, UAE

Developer Track Record

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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