Avenew 888 - Modo — project image
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Avenew 888 - Modo

From AED 1.20M·Handover Mar 2028·10% down payment Payment
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AED 1.20M
Starting Price
Mar 2028
Handover
10% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

Avenew 888 - Modo is the first of three phases of a vibrant residential complex consisting of 5 unique buildings. The facades are designed in an elegant modular style, where the architectural grid forms a visually dynamic composition. The forms tapering towards the upper floors create a sophisticated silhouette against the city skyline. Modo is 9 floors of residential space, rising above a comfortable ground floor and two podiums. The project offers a wide range of apartments with thoughtful layouts: 1-, 2- and 3-bedroom apartments, as well as 2- and 3-bedroom duplexes. The interior looks modern and stylish, with an emphasis on light colors and large windows providing plenty of natural light. Avenew 888 - Modo offers a balance between activity and peace: green landscapes, spaces for privacy and personal rest, areas for socializing, creativity and learning, a wellness program: from fitness to outdoor games, a swimming pool for adults and children, a dog park, an amphitheater, a BBQ area, an art studio (Atelier), a garden with herbs and hydroponics, a flower and plant shop, a lounge and a coffee shop. Located in the dynamically developing Dubai South, the project offers residents easy access to key transport hubs and business centers. Proximity to Al Maktoum International Airport and Expo facilities makes it an ideal choice combining convenience and growth prospects.

Project Specifications
DeveloperAVENEW Development
LocationDubai South
Unit Types1 BR, 2 BR, 3 BR, Apartments
AreaDubai South
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 51,780 / year
Cash-on-Cash
2.2%
Levered cashflow AED 12,180
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 552,000 / 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

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Payment Structure

10% down payment

Published payment summary

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Amenities & Lifestyle

BBQ
Basketball court
Children’s pool
Club house
Coworking zone
Dining outlets (coffee houses & restaurants)
Dog walking area
Jogging tracks
Kids Play Area
Landscaped garden
Landscaped park
Leisure areas
Library
Lift
Lobby
Open air gym
Outdoor cinema
Pets Allowed
Recreational areas
Shared Pool
Social zone
Sports ground
Tennis court
Walking paths

Location

Avenew 888 - Modo location map
Project location

Nearby Destinations

Dubai South

Developer and Project Facts

01

Avenew 888 - Modo by AVENEW Development

02

Located in Dubai South

03

Starting from AED 1,200,000

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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Property Enquiries

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

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