Celestia — project image
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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
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 29,989 / year
Cash-on-Cash
2.2%
Levered cashflow AED 7,054
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 319,700 / 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 Damac Properties.

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Payment Structure

100% down payment

Published payment summary

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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

Dubai South

Developer and Project Facts

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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RERA Registered
Qualified Buyer Flow
Property Enquiries

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

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