Artesia
✓ Resale Available

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
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 39,463 / year
Cash-on-Cash
1.8%
Levered cashflow AED 9,283
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 59,446 / 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
Artesia launch basis1,016AED 914,550Current launch / asking basis
Damac Hills ready-stock comps1,500AED 1.35MIndicative resale benchmark
Damac Hills 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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Artesia official render 1

Artesia official render 1

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Artesia official render 3

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Artesia official render 4

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Artesia official render 10

Artesia official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Damac Properties.

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Payment Structure

20% down payment

Flexible Payment

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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

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Damac HillsDamac HillsDubai, UAE

Developer Track Record

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

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