Damac Maison Distinction Hotel — project image
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Damac Maison Distinction Hotel

From AED 3.39M·Completed Feb 2016·Developer payment plan available Payment
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AED 3.39M
Starting Price
Feb 2016
Handover
Developer payment plan available
Payment Plan
3 BR · Hotel apartments
Type

Project Overview

Damac Maison Distinction Hotel is an upscale hotel apartment complex by DAMAC Properties, located in the prestigious Downtown Dubai area. The building includes a ground floor, five podium levels, a floor with an increased ceiling height, forty-five residential floors, a technical level and a roof. The exterior of the building is designed in a modern style, extensive glazing and clean architectural lines give the tower a visual lightness and excellent views of the city. The residential complex has layouts ranging from studios to apartments with 1-3 bedrooms. The interior is of high quality, using high-end materials, stylish plumbing and fully equipped kitchens, creating an atmosphere of exquisite comfort. The main amenities include a 24-hour concierge service, as well as relaxation areas, a state-of-the-art fitness center and a luxurious swimming pool where you can relax after a busy day. In addition, the complex provides a hotel cleaning service and access to exclusive restaurants and cafes. The hotel's location provides residents with quick access to iconic locations. The Burj Khalifa and The Dubai Mall are just 5 minutes away by car. The convenient exit to Sheikh Zayed Road guarantees easy connections to other key locations in Dubai. It takes about 20 minutes to get to Palm Jumeirah, and Dubai International Airport is just 16 minutes away.

Project Specifications
DeveloperDamac Properties
LocationDowntown Dubai
Unit Types3 BR, Hotel apartments
AreaDowntown Dubai
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 146,235 / year
Cash-on-Cash
2.2%
Levered cashflow AED 34,398
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 1.56M / 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

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Payment Structure

Developer payment plan available

Published payment summary

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Amenities & Lifestyle

Accessibility for people with disabilities
Beauty Salon
Central A/C
Children’s pool
Concierge Service
Dining outlets (coffee houses & restaurants)
Driver Service
Housekeeping Services
Kids Club
Laundry
Lavish Sundeck
Leisure areas
Lift
Lobby
Lounge
Meeting Room
Parking
Recreational areas
Resting Areas
SPA
Sauna
Security and CCTV
Shared Jacuzzi
Shared Pool
Shared gym & fitness
Sitting Area
Sleep Over Snug (Nursery)
Social zone
Valet parking

Location

Downtown Dubai

Nearby Destinations

Downtown Dubai

Developer and Project Facts

01

Damac Maison Distinction Hotel by Damac Properties

02

Located in Downtown Dubai

03

Starting from AED 3,389,000

04

Unit mix includes 3 BR, Hotel apartments

05

Expected handover: Feb 2016

06

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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