Celeste — project image
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
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 66,429 / year
Cash-on-Cash
2.2%
Levered cashflow AED 15,626
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 708,170 / 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 HRE Development.

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Payment Structure

20% down payment

Published payment summary

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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

Al Jaddaf Waterfront

Developer and Project Facts

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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RERA Registered
Qualified Buyer Flow
Property Enquiries

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

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