Asayel — project image
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Asayel

From AED 5.70M·Completed May 2023·Developer payment plan available Payment
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AED 5.70M
Starting Price
May 2023
Handover
Developer payment plan available
Payment Plan
2 BR · Apartments
Type

Project Overview

Asayel is an elite residential complex in Madinat Jumeirah Living, Dubai. It consists of three elegant towers of different storeys, united by a common underground level. Each building has a ground floor, Asayel 1 rises to ten residential floors, Asayel 2 rises to seven, and Asayel 3 rises to eight residential floors, and the roof level completes each structure. The complex offers a selection of elegant and spacious apartments with 1-4 bedrooms. The apartments are spacious and equipped with high-quality communications, including smart home systems and energy-efficient air conditioners to set a comfortable microclimate in each room. The residences located next to the legendary Burj Al Arab skyscraper offer stunning views of the Burj Jumeirah. Residents of the Asayel complex are offered the following amenities: several high-speed elevators for quick movement between floors, covered parking, a communal swimming pool and gym, a secure and modern-technology children's playground, 24-hour security and surveillance cameras throughout the complex. Surrounded by many green spaces and parks, residents can find a place to relax and unwind here. It is connected to other areas of Dubai by a major highway: Sheikh Zayed Road is a 2—minute drive away, Dubai Media City is 5 minutes away, and Dubai Internet City is 8 minutes away.

Project Specifications
DeveloperMeraas Developer
LocationMJL (Madinat Jumeirah Living)
Unit Types2 BR, Apartments
AreaMJL (Madinat Jumeirah Living)
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 245,955 / year
Cash-on-Cash
2.2%
Levered cashflow AED 57,855
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 2.62M / 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

Asayel — View 2
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Astraterra Properties

Official Documents

Download official marketing materials from Meraas Developer.

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Payment Structure

Developer payment plan available

Published payment summary

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Amenities & Lifestyle

BBQ
Central A/C
Children’s pool
Covered Parking
Dining outlets (coffee houses & restaurants)
Fountain
Kids Club
Kids Play Area
Kids splash pad
Landscaped garden
Landscaped park
Leisure areas
Lift
Lobby
Lounge
Meeting Room
Open Kids Play Area
Pool Lounge
Retail outlets
Security and CCTV
Shared Pool
Shared gym & fitness
Sitting Area
Smart home
Walking paths

Location

MJL (Madinat Jumeirah Living)

Nearby Destinations

MJL (Madinat Jumeirah Living)

Developer and Project Facts

01

Asayel by Meraas Developer

02

Located in MJL (Madinat Jumeirah Living)

03

Starting from AED 5,700,000

04

Unit mix includes 2 BR, Apartments

05

Expected handover: May 2023

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

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