Celestia
✓ Resale Available

Celestia

From AED 695,000·Completed Aug 2019·100% down payment Payment
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AED 695,000
Starting Price
Aug 2019
Handover
100% down payment
Payment Plan
Studio · Apartments
Type

Project Overview

Celestia is a unique project by Damac Properties, located in the Dubai South district. The complex consists of a modern low-rise building divided into three sections, each featuring a ground floor and seven residential levels. Residents can choose from cozy studios and one- and two-bedroom apartments. The interiors stand out for their refined design, rich color palettes, and spacious layouts, offering maximum comfort for everyday living. A variety of amenities ensures a comfortable and vibrant lifestyle for residents. The complex includes modern medical facilities, a fully equipped fitness center, children's play areas, and a large swimming pool. A lush landscaped garden offers a peaceful retreat within the city. Additionally, there is covered parking and 24-hour security to ensure safety and convenience. One of Celestia’s main advantages is its strategic location. Residents have easy access to Dubai’s major highways, allowing seamless travel across the city. Key destinations such as Discovery Gardens, Al Maktoum International Airport, and Jebel Ali Industrial Area can be reached in approximately 25 minutes.

Project Specifications
DeveloperDamac Properties
LocationDubai South
Unit TypesStudio, Apartments
AreaDubai South
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 29,989 / year
Cash-on-Cash
1.8%
Levered cashflow AED 7,054
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 45,175 / 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
Celestia launch basis772AED 695,000Current launch / asking basis
Dubai South ready-stock comps1,500AED 1.35MIndicative resale benchmark
Dubai South premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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Celestia official render 1

Celestia official render 1

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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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Floor Plans

Celestia — 1 Bedroom Floor Plan

Amenities & Lifestyle

Children’s pool
Covered Parking
Kids Play Area
Landscaped garden
SPA
Sauna
Shared Jacuzzi
Shared Pool
Shared gym & fitness

Location

Dubai South

Nearby Destinations

Al Maktoum International Airport — 8 mins
Expo City Dubai — 10 mins
Ibn Battuta Mall — 20 mins
Palm Jebel Ali — 15 mins
Dubai SouthDubai SouthDubai, UAE

Developer Track Record

01

Celestia by Damac Properties

02

Located in Dubai South

03

Starting from AED 695,000

04

Unit mix includes Studio, Apartments

05

Expected handover: Aug 2019

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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