Artesia — project image
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Artesia

From AED 914,550·Completed Feb 2021·20% down payment Payment
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AED 914,550
Starting Price
Feb 2021
Handover
20% down payment
Payment Plan
Studio · 1 BR
Type

Project Overview

Artesia, a residential complex by DAMAC Properties in DAMAC Hills, comprises a hotel and three premium towers. Each tower features a ground floor, one podium level, and twenty-eight residential floors. The architecture embraces an ultra-modern style, emphasizing geometric forms and glass façades that offer panoramic views of DAMAC Hills’ golf courses and lush landscapes. All residences are fully furnished, equipped with appliances, and finished with high-quality materials. Interiors, designed by renowned professionals, include studios and one-, two-, and three-bedroom apartments, complete with furniture, appliances, and kitchenware, ready for immediate occupancy. Residents enjoy a wealth of amenities: outdoor pools, spas, fitness and wellness centers, restaurants, pharmacies, shops, covered parking, and dedicated leisure zones for children and adults, alongside communal spaces. Nestled within a manicured landscape of gardens, walking and cycling paths, Artesia is close to natural parks and golf courses. Nearby schools, nurseries, medical facilities, shopping malls, and beaches enhance convenience. Easy access to major roads ensures quick travel to Remraam, Mudon, and other Dubai districts.

Project Specifications
DeveloperDamac Properties
LocationDamac Hills
Unit TypesStudio, 1 BR, 2 BR, Apartments, Hotel apartments
AreaDamac Hills
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 39,463 / year
Cash-on-Cash
2.2%
Levered cashflow AED 9,283
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 420,693 / 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 Damac Properties.

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Payment Structure

20% down payment

Published payment summary

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Amenities & Lifestyle

Bike path
Central A/C
Covered Parking
Dining outlets (coffee houses & restaurants)
Jogging tracks
Landscaped garden
Landscaped park
Parking
Retail outlets
SPA
Shared Pool
Shared gym & fitness
Social zone
Walking paths

Location

Damac Hills

Nearby Destinations

Damac Hills

Developer and Project Facts

01

Artesia by Damac Properties

02

Located in Damac Hills

03

Starting from AED 914,550

04

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

05

Expected handover: Feb 2021

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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RERA Registered
Qualified Buyer Flow
Property Enquiries

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

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