Damac Heights — project image
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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
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 204,479 / year
Cash-on-Cash
2.2%
Levered cashflow AED 48,099
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 2.18M / 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

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 Marina

Developer and Project Facts

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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RERA Registered
Qualified Buyer Flow
Property Enquiries

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

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