Côte d'Azur Resort - Monaco — project image
✓ Resale Available

Côte d'Azur Resort - Monaco

From AED 1.25M·Completed Jan 2024·40% down payment Payment
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AED 1.25M
Starting Price
Jan 2024
Handover
40% down payment
Payment Plan
Studio · Apartments
Type

Project Overview

Côte d'Azur Resort - Monaco is one of the four exquisite hotels of the Côte d'Azur resort complex from the renowned developer The Heart of Europe, located on the beachfront of Main Europe Island in Dubai. The architecture of the complex is characterised by an elegant design inspired by the architecture of Monaco. The exterior features exquisite facades, panoramic glazing, outdoor terraces and swimming pools. The complex blends seamlessly into the surrounding landscape, offering stunning sea and city views. The building consists of a ground floor and 4 residential levels, offering a variety of accommodation options including luxury studios and 1-bedroom apartments. The interior of the residences are finished with high quality materials and attention to detail. Residents and guests have access to numerous premium amenities: gym, yoga studio, spa area, swimming pools, the longest stretch of uninterrupted private beach with colourful sun loungers, adjustable floating decks, lively beach club with live music, available water activities such as yacht trips, shopping outlets, as well as dozens of authentic Mediterranean restaurants and cafes, beach bars, theatrical restaurant-bar Le Cabaret. The project is located in the heart of The World Islands, providing a secluded and exclusive atmosphere, just 15 minutes by water taxi from Jumeirah Harbour.

Project Specifications
DeveloperThe Heart of Europe
LocationThe World Islands
Unit TypesStudio, Apartments, Hotel apartments
AreaThe World Islands
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 53,938 / year
Cash-on-Cash
2.2%
Levered cashflow AED 12,688
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 575,000 / 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 The Heart of Europe.

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Payment Structure

40% down payment

Published payment summary

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Amenities & Lifestyle

Central A/C
Dining outlets (coffee houses & restaurants)
Infinity pool
Leisure areas
Lobby
Private beach access
Retail outlets
SPA
Security and CCTV
Shared Pool
Shared gym & fitness
Social zone
Yoga studio

Location

The World Islands

Nearby Destinations

The World Islands

Developer and Project Facts

01

Côte d'Azur Resort - Monaco by The Heart of Europe

02

Located in The World Islands

03

Starting from AED 1,250,000

04

Unit mix includes Studio, Apartments, Hotel apartments

05

Expected handover: Jan 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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Property Enquiries

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

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