Celeste
Off-Plan

Celeste

From AED 1.54M·Handover Jun 2027·20% down payment Payment
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AED 1.54M
Starting Price
Jun 2027
Handover
20% down payment
Payment Plan
1 BR · 3 BR
Type

Project Overview

Celeste is a multifunctional boutique development by HRE Development in Al Jaddaf Waterfront, featuring two basement levels, a ground floor, and seven residential floors. It offers one-, two-, and three-bedroom residences along with retail spaces, combining privacy with a modern urban rhythm. The building features minimalist architecture with clean lines and panoramic windows offering canal and city views. The facade reflects a balance of aesthetics and function, creating a sense of seclusion in the heart of Dubai. Interiors are styled in light tones with natural materials, clean lines, and warm textures. Thoughtful layouts and proportions enhance a calm, airy atmosphere. Amenities include a waterfront pool, fitness and yoga areas, landscaped courtyards, kids’ zone, concierge service, and smart access systems. The location ensures easy access to key spots: 5 minutes on foot to Palazzo Versace and Jameel Arts Centre, 10 minutes to Al Jaddaf Metro. Burj Khalifa, Dubai Mall, Business Bay, DIFC, and Dubai Creek Harbour are 10–12 minutes by car, offering cultural richness and connectivity.

Project Specifications
DeveloperHRE Development
LocationAl Jaddaf Waterfront
Unit Types1 BR, 3 BR, Apartments
AreaAl Jaddaf Waterfront
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 66,429 / year
Cash-on-Cash
2.2%
Levered cashflow AED 15,626
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 100,068 / 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
Celeste launch basis1,711AED 1.54MCurrent launch / asking basis
Al Jaddaf Waterfront ready-stock comps1,250AED 1.13MIndicative resale benchmark
Al Jaddaf Waterfront premium peer launches1,500AED 1.35MNew-launch peer set
Trophy alternative proxy1,750AED 1.57MHigher-end anchor for negotiation context

Gallery

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Celeste official render 1

Celeste official render 1

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Celeste official render 9

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Celeste official render 10

Astraterra Properties

Official Documents

Download official marketing materials from HRE Development.

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Payment Structure

20% down payment

Flexible Payment

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Amenities & Lifestyle

Concierge Service
Kids Play Area
Landscape Open Areas
Lift
Lobby
Parking
Recreational areas
Shared Pool
Smart home
Social zone
Yoga Area

Location

Al Jaddaf Waterfront

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Al Jaddaf WaterfrontAl Jaddaf WaterfrontDubai, UAE

Developer Track Record

01

Celeste by HRE Development

02

Located in Al Jaddaf Waterfront

03

Starting from AED 1,539,500

04

Unit mix includes 1 BR, 3 BR, Apartments

05

Expected handover: Jun 2027

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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