Capital Bay — project image
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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
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 182,050 / year
Cash-on-Cash
2.2%
Levered cashflow AED 42,823
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 1.94M / 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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Official Documents

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Payment Structure

100% down payment

Published payment summary

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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

Business Bay

Developer and Project Facts

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

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Property Enquiries

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

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