Candace Acacia — project image
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Candace Acacia

From AED 1.10M·Completed Dec 2017·Accepted payment methods: credit_debit_card, bank_check,... Payment
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AED 1.10M
Starting Price
Dec 2017
Handover
Accepted payment methods: credit_debit_card, bank_check,...
Payment Plan
1 BR · Apartments
Type

Project Overview

Candace Acacia is a residential development by Azizi Developments in one of the most famous neighborhoods of Al Furjan, Dubai. The project includes 316 apartments on thirteen floors. All residential units are distinguished by high-quality finishes and amenities. The apartments are fully equipped with open-plan kitchens and fitted wardrobes. Residents of Candace Acacia have the opportunity to use common facilities such as a fitness center, a squash court, a large heated swimming pool, a barbecue area, a Jacuzzi, a sauna, and a steam bath. In addition, residents have access to a multifunctional hall and a playground for children. The building of the complex is provided with round-the-clock security, concierge services, and video surveillance systems. There is also central air conditioning, smart home systems that can be controlled using a smartphone, a backup power supply system, a comfortable lobby, and high-speed elevators, as well as parking with dedicated spaces for each apartment. Several restaurants are within walking distance from the complex. Candace Acacia is about a 25-minute drive from Dubai Mall, 17 minutes from Palm Jumeirah, 23 minutes from Burj Al Arab and 17 minutes from Walk JBR Mall. Dubai International Airport (DXB) is about a 34-minute drive away, and the new Al Maktoum International Airport is about a 33-minute drive away.

Project Specifications
DeveloperAzizi Developments
LocationAl Furjan
Unit Types1 BR, Apartments
AreaAl Furjan
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 47,465 / year
Cash-on-Cash
2.2%
Levered cashflow AED 11,165
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 506,000 / 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

Download official marketing materials from Azizi Developments.

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Payment Structure

Accepted payment methods: credit_debit_card, bank_check,...

Published payment summary

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Amenities & Lifestyle

Central A/C
Children’s pool
Conference room
Covered Parking
Dining outlets (coffee houses & restaurants)
Kids Play Area
Leisure areas
Lift
SPA
Sauna
Security and CCTV
Shared Pool
Shared gym
Shared gym & fitness
Smart home
Social zone
Valet parking

Location

Al Furjan

Nearby Destinations

Al Furjan

Developer and Project Facts

01

Candace Acacia by Azizi Developments

02

Located in Al Furjan

03

Starting from AED 1,099,999

04

Unit mix includes 1 BR, Apartments

05

Expected handover: Dec 2017

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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