Allegro Park
Off-Plan

Allegro Park

From AED 1.94M·Handover Mar 2028·10% down payment Payment
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AED 1.94M
Starting Price
Mar 2028
Handover
10% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

Allegro Park is a boutique residential development on Dubai Islands by Mill Hill Developers, presented by ABRA. The project offers spacious 1-, 2-, and 3-bedroom apartments, as well as 3-bedroom duplexes featuring thoughtfully designed layouts and floor-to-ceiling panoramic windows. This exquisite building, consisting of a ground floor, podium level, six residential floors and a rooftop, features a sophisticated architecture that seamlessly blends into the natural landscape of the islands. Interiors feature calm, neutral tones with an emphasis on natural materials, enhancing the harmony with the coastal atmosphere. Allegro Park embodies the concept of resort living through a collection of carefully selected amenities. Residents can enjoy an infinity pool, indoor and outdoor cinema, paddle court, children's play and water areas, luxurious wellness complex with a fitness center, sauna, steam rooms, massage rooms. The complex's location is its greatest asset. Allegro Park combines the seclusion of island living with easy access to the city's main attractions. Within minutes are: Dubai Islands Beach (3 min), Dubai Creek (10 min), Dubai International Airport and DIFC (15 min), Downtown Dubai (20 min), and Dubai Marina (30 min).

Project Specifications
DeveloperMill Hill Developers
LocationDubai Islands
Unit Types1 BR, 2 BR, 3 BR, Apartments, Penthouse
AreaDubai Islands
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 83,510 / year
Cash-on-Cash
2.2%
Levered cashflow AED 19,644
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 125,797 / 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
Allegro Park launch basis2,150AED 1.94MCurrent launch / asking basis
Dubai Islands ready-stock comps1,500AED 1.35MIndicative resale benchmark
Dubai Islands 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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Astraterra Properties

Official Documents

Download official marketing materials from Mill Hill Developers.

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Payment Structure

10% down payment

Flexible Payment

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Floor Plans

Allegro Park — 1 Bedroom Floor Plan

Amenities & Lifestyle

Cabanas
Fountain
Indoor cinema
Infinity pool
Kids Play Area
Kids splash pad
Landscaped garden
Lavish Sundeck
Lift
Lobby
Outdoor cinema
Paddle court
Park Access
Pool Deck
Private Lounge
Private pool
Resting Areas
SPA
Sauna
Shared Pool
Shared gym & fitness
Sitting Area
Social zone
Sports ground
Steam
Walking paths

Location

Dubai Islands

Nearby Destinations

Dubai Creek — 10 mins
Deira City Centre — 12 mins
Dubai International Airport — 18 mins
Al Mamzar Beach Park — 8 mins
Dubai IslandsDubai IslandsDubai, UAE

Developer Track Record

01

Allegro Park by Mill Hill Developers

02

Located in Dubai Islands

03

Starting from AED 1,935,346

04

Unit mix includes 1 BR, 2 BR, 3 BR, Apartments

05

Expected handover: Mar 2028

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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