Capital Bay
✓ Resale Available

Capital Bay

From AED 4.22M·Completed Jun 2014·100% down payment Payment
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AED 4.22M
Starting Price
Jun 2014
Handover
100% down payment
Payment Plan
2 BR · Apartments
Type

Project Overview

Capital Bay is an impressive residential development by Damac Properties that towers over the Dubai Canal in the prestigious Business Bay neighborhood. The complex consists of two towers of 22 floors, united by a common podium. The building is constructed with the use of the most advanced technologies. The studios and one, two and three-bedroom apartments feature luxurious interiors and high-quality finishes, as well as spacious living areas with huge windows offering spectacular views of the Burj Khalifa and Dubai Canal. Capital Bay's proximity to the business center and Downtown Dubai makes it an ideal choice for both business travelers and those who value practicality and comfort. Capital Bay offers its residents a wide range of amenities including a temperature-controlled swimming pool, gym with steam rooms and sauna, children's playground, green park, covered parking, sports court and barbecue facilities. Capital Bay is conveniently located close to Dubai's key highways - Al-Khail Road and Sheikh Mohammed bin Zayed. Within a few minutes' drive of the complex is the Dubai Design District, a hub of creativity and fashion. A ten-minute drive from the towers is the largest shopping center - Dubai Mall. Dubai International Airport can be reached in 20 minutes and the world's largest airport, Al Maktoum International Airport, in 40 minutes.

Project Specifications
DeveloperDamac Properties
LocationBusiness Bay
Unit Types2 BR, Apartments
AreaBusiness Bay
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 182,050 / year
Cash-on-Cash
1.8%
Levered cashflow AED 42,823
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 274,235 / 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
Capital Bay launch basis4,688AED 4.22MCurrent launch / asking basis
Business Bay ready-stock comps1,900AED 1.71MIndicative resale benchmark
Business Bay premium peer launches2,350AED 2.12MNew-launch peer set
Trophy alternative proxy2,950AED 2.65MHigher-end anchor for negotiation context

Gallery

Capital Bay — View 2
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Capital Bay official render 1

Capital Bay official render 1

Capital Bay official render 2

Capital Bay official render 2

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Capital Bay official render 3

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Capital Bay official render 4

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Capital Bay official render 5

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Capital Bay official render 6

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Capital Bay official render 7

Capital Bay official render 8

Capital Bay official render 8

Capital Bay official render 9

Capital Bay official render 9

Astraterra Properties

Official Documents

Download official marketing materials from Damac Properties.

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Payment Structure

100% down payment

Flexible Payment

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Amenities & Lifestyle

Broadband Internet
Concierge Service
Covered Parking
Dining outlets (coffee houses & restaurants)
Kids Play Area
Landscaped garden
Laundry
Leisure areas
Lift
Lobby
Retail outlets
SPA
Security and CCTV
Shared Pool
Shared gym & fitness

Location

Business Bay

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Business BayBusiness BayDubai, UAE

Developer Track Record

01

Capital Bay by Damac Properties

02

Located in Business Bay

03

Starting from AED 4,219,000

04

Unit mix includes 2 BR, Apartments

05

Expected handover: Jun 2014

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

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