Cherrywoods — project image
✓ Resale Available

Cherrywoods

From AED 3.70M·Completed Feb 2022·Developer payment plan available Payment
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AED 3.70M
Starting Price
Feb 2022
Handover
Developer payment plan available
Payment Plan
3 BR · Townhouse
Type

Project Overview

Cherrywoods is a gated residential complex of townhouses from the developer Meraas Developer, located in the Dubailand area. The project includes groups of houses organized into clusters: each townhouse has two floors, a private garden and a dedicated parking space for two cars. The architecture of the complex is designed in a modern style with elements of Mediterranean design. Laconic facades combine light shades and natural textures, while outdoor terraces and private gardens emphasize the connection with nature. Cherrywoods offers townhouses with 3 and 4 bedrooms. The interiors are decorated in bright colors using high-quality materials, with an emphasis on functionality and comfort. Residents of the complex enjoy well‑developed infrastructure: a fitness center, swimming pools, tennis and basketball courts, running and cycling paths, playgrounds, a central park with a lake and a community center with shops and cafes. The territory is guarded around the clock. The Cherrywoods complex is advantageously located relative to important urban locations. Town Square and Mira Oasis can be reached in a few minutes. Schools in Mudon and Arabian Ranches 2 are 5-6 minutes away, Dubai Sports City and Motor City are 13 minutes away, and Al Marmoom Heritage Village is 22 minutes away. Dubai Miracle Garden and Global Village are about 20 minutes away by car.

Project Specifications
DeveloperMeraas Developer
LocationAl Yalayis 1
Unit Types3 BR, Townhouse
AreaAl Yalayis 1
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 159,655 / year
Cash-on-Cash
2.2%
Levered cashflow AED 37,555
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 1.70M / 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 Meraas Developer.

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Payment Structure

Developer payment plan available

Published payment summary

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Amenities & Lifestyle

Accessibility for people with disabilities
Basketball Half Court
Bike path
Children’s pool
Community Lawn
Jogging tracks
Landscaped garden
Open Kids Play Area
Parking
Pets Allowed
Picnic Area
Pool Lounge
Recreational areas
Resting Areas
Security and CCTV
Shared Pool
Shared gym & fitness
Sitting Area
Social zone
Sports ground
Tennis court
Walking paths

Location

Al Yalayis 1

Nearby Destinations

Al Yalayis 1

Developer and Project Facts

01

Cherrywoods by Meraas Developer

02

Located in Al Yalayis 1

03

Starting from AED 3,700,000

04

Unit mix includes 3 BR, Townhouse

05

Expected handover: Feb 2022

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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