Avenew 888 - Modo
Off-Plan

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
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 51,780 / year
Cash-on-Cash
2.2%
Levered cashflow AED 12,180
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 78,000 / 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
Avenew 888 - Modo launch basis1,333AED 1.20MCurrent launch / asking basis
Dubai South ready-stock comps1,500AED 1.35MIndicative resale benchmark
Dubai South 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 AVENEW Development.

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Payment Structure

10% down payment

Flexible Payment

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Floor Plans

Avenew 888 - Modo — 1 Bedroom Floor Plan

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

Dubai South

Nearby Destinations

Al Maktoum International Airport — 8 mins
Expo City Dubai — 10 mins
Ibn Battuta Mall — 20 mins
Palm Jebel Ali — 15 mins
Dubai SouthDubai SouthDubai, UAE

Developer Track Record

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

Get Qualified for Avenew 888 - Modo

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