Blue Bay Walk — project image
✓ Resale Available

Blue Bay Walk

From AED 495,000·Completed Dec 2024·100% down payment Payment
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AED 495,000
Starting Price
Dec 2024
Handover
100% down payment
Payment Plan
Studio · 1 BR
Type

Project Overview

Blue Bay Walk is a prestigious residential complex located along the coast of the Arabian Gulf. The complex is part of Sharjah Waterfront City in the Al Hamriya area. The project consists of six facilities. Each pair of buildings consists of 6 residential floors and a ground floor, united by a common podium, on the roof of which are located: a recreation area with a swimming pool, a playground and a SPA center. The complex has 600 residential units, including studios and apartments with 1-2 bedrooms. All residences are equipped with smart technologies. The balconies offer stunning views of the beach. There are also many services and amenities available in the complex: 24-hour security, parking, intercom, swimming pool, children's pool, playground, gym, running tracks, sports fields, recreation area with barbecue, beach area, landscaped gardens, boutiques, restaurants and cafes, entertainment areas. There are many schools, kindergartens, hospitals and other infrastructure facilities located near the complex. The project has convenient transport links, including Water Taxi and Union Train. Umm Al Quwain Road is 2 minutes away, Mohammed Bin Zayed Road is 8 minutes away, and Emirates Road is 11 minutes away. Dubai International Airport is a 35-minute drive away, and Sharjah International Airport is a 22-minute drive away.

Project Specifications
DeveloperAjmal Makan
LocationHamriya West
Unit TypesStudio, 1 BR, Apartments
AreaHamriya West
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 21,359 / year
Cash-on-Cash
2.2%
Levered cashflow AED 5,024
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 227,700 / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

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Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Ajmal Makan.

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Payment Structure

100% down payment

Published payment summary

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Amenities & Lifestyle

BBQ
Central A/C
Children’s pool
Covered Parking
Dining outlets (coffee houses & restaurants)
Jogging tracks
Kids Play Area
Landscaped garden
Leisure areas
Parking
Retail outlets
SPA
Security and CCTV
Shared Pool
Shared gym & fitness
Social zone
Sports ground
Walking paths

Location

Hamriya West

Nearby Destinations

Hamriya West

Developer and Project Facts

01

Blue Bay Walk by Ajmal Makan

02

Located in Hamriya West

03

Starting from AED 495,000

04

Unit mix includes Studio, 1 BR, Apartments

05

Expected handover: Dec 2024

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
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Property Enquiries

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

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