City Walk Crestlane 1
Off-Plan

City Walk Crestlane 1

From AED 33.88M·Handover Apr 2029·20% down payment Payment
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AED 33.88M
Starting Price
Apr 2029
Handover
20% down payment
Payment Plan
5 BR · Penthouse
Type

Project Overview

Citywalk Crestlane 1 is a project by developer Meraas in the City Walk district, comprising two buildings. Each tower features a basement level, a ground floor, and 12 residential floors. The collection includes residences with one, two, and three bedrooms, four-bedroom duplexes, and five-bedroom penthouses. All properties are designed with spacious terraces and panoramic views of the park and city. The architecture embraces a contemporary style, emphasising clean lines and a neutral palette. The spaces are crafted for modern, comfortable living, distinguished by high-quality finishes and thoughtful layouts. Interiors incorporate premium modern materials. Residents enjoy a range of amenities, including a beach-style pool, water features, an open-air cinema, yoga and fitness areas, children’s zones, a gym with panoramic windows, coworking spaces, and lounge areas. These are complemented by green gardens, pedestrian pathways, and running tracks. Located at the heart of City Walk, the project offers a 7-minute drive to Dubai Mall and Burj Khalifa, 11 minutes to Jumeirah Beach, 3 minutes to Sheikh Zayed Road, and 15 minutes to DXB Airport. Nearby landmarks, such as Coca-Cola Arena and the DIFC business hub, enhance the location’s appeal.

Project Specifications
DeveloperMeraas Developer
LocationCity Walk
Unit Types5 BR, Penthouse
AreaCity Walk
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 1.46M / year
Cash-on-Cash
2.2%
Levered cashflow AED 343,831
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 2.20M / 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
City Walk Crestlane 1 launch basis37,639AED 33.88MCurrent launch / asking basis
City Walk ready-stock comps1,500AED 1.35MIndicative resale benchmark
City Walk 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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City Walk Crestlane 1 official render 1

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Astraterra Properties

Official Documents

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Payment Structure

20% down payment

Flexible Payment

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Amenities & Lifestyle

Bike path
Cinema
Conference room
Coworking zone
Jogging tracks
Kids Play Area
Landscaped garden
Landscaped park
Leisure areas
Lift
Lobby
Open air gym
Paddle court
Parking
Recreational areas
Shared Pool
Shared gym & fitness
Social zone
Tennis court
Walking paths

Location

City Walk

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
City WalkCity WalkDubai, UAE

Developer Track Record

01

City Walk Crestlane 1 by Meraas Developer

02

Located in City Walk

03

Starting from AED 33,875,000

04

Unit mix includes 5 BR, Penthouse

05

Expected handover: Apr 2029

06

Official render/gallery images available

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