Damac Heights
✓ Resale Available

Damac Heights

From AED 4.74M·Completed Apr 2018·100% down payment Payment
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AED 4.74M
Starting Price
Apr 2018
Handover
100% down payment
Payment Plan
3 BR · Apartments
Type

Project Overview

Damac Heights is a luxury residential development located in the prestigious Dubai Marina neighborhood, developed by developer Damac Properties. This project stands out for its modern design, high-quality materials and first-class amenities. Damac Heights is an 86-storey skyscraper designed in a modern minimalist style with elements of curved lines. The facade of the building is decorated with glass panels, which allows residents to enjoy panoramic views of the sea and the city. The complex offers apartments with 1-4 bedrooms. The interiors are decorated with the latest design trends, using high quality finishes and modern kitchen appliances. Each apartment features large windows that provide an abundance of natural light and magnificent views. Damac Heights offers a wide range of amenities including a rooftop pool with panoramic views, fitness center with state-of-the-art equipment, spa and wellness center, play areas for children, lounge and recreational spaces and parking. Damac Heights is surrounded by restaurants, shopping and entertainment complexes. The international airport is approximately 30 minutes away and the new Al Maktoum International Airport is 35 minutes away.

Project Specifications
DeveloperDamac Properties
LocationDubai Marina
Unit Types3 BR, Apartments
AreaDubai Marina
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 204,479 / year
Cash-on-Cash
1.8%
Levered cashflow AED 48,099
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 308,022 / 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
Damac Heights launch basis5,265AED 4.74MCurrent launch / asking basis
Dubai Marina ready-stock comps2,100AED 1.89MIndicative resale benchmark
Dubai Marina premium peer launches2,550AED 2.29MNew-launch peer set
Trophy alternative proxy3,200AED 2.88MHigher-end anchor for negotiation context

Gallery

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Damac Heights official render 1

Damac Heights official render 1

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Damac Heights official render 9

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Damac Heights official render 10

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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Amenities & Lifestyle

Broadband Internet
Central A/C
Children’s pool
Concierge Service
Conference room
Covered Parking
Dining outlets (coffee houses & restaurants)
Kids Play Area
Lift
Lobby
Retail outlets
SPA
Security and CCTV
Shared Pool
Shared gym & fitness
Social zone

Location

Dubai Marina

Nearby Destinations

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

Developer Track Record

01

Damac Heights by Damac Properties

02

Located in Dubai Marina

03

Starting from AED 4,738,800

04

Unit mix includes 3 BR, Apartments

05

Expected handover: Apr 2018

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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