First Central Hotel Suites
✓ Resale Available

First Central Hotel Suites

From AED 470,000·Completed Mar 2014·Developer payment plan available Payment
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AED 470,000
Starting Price
Mar 2014
Handover
Developer payment plan available
Payment Plan
Studio · Hotel apartments
Type

Project Overview

The First Central Hotel Suites is a distinguished serviced apartment development by The First Group, located in the vibrant district of Barsha Heights. Designed to offer comfort, convenience, and flexibility, the property blends the functionality of a business hotel with the atmosphere of a relaxed urban retreat. The building features contemporary architecture with clean lines and a refined presence that complements the skyline of Barsha Heights. Its design reflects a modern aesthetic while maintaining a welcoming and practical environment for both short- and long-term stays. The complex offers a range of well-appointed accommodations, including studios and one-bedroom apartments, thoughtfully designed to meet the needs of today’s urban residents and business travelers. Interiors are finished to a high standard, with an emphasis on quality materials, comfort, and understated elegance. Residents and guests benefit from a full suite of amenities, including a 24-hour reception and concierge service, ensuring a seamless living experience. Additional facilities include a fully equipped fitness center and a swimming pool, supporting an active and balanced lifestyle. The complex is located in Barsha Heights with excellent connectivity: Dubai Internet City Metro Station is within walking distance, while Jumeirah Beach Residence and Dubai International Airport can be reached in approximately 15–25 minutes by car.

Project Specifications
DeveloperThe First Group
LocationAl Barsha
Unit TypesStudio, Hotel apartments
AreaAl Barsha
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 20,281 / year
Cash-on-Cash
1.8%
Levered cashflow AED 4,771
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 30,550 / 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
First Central Hotel Suites launch basis522AED 470,000Current launch / asking basis
Al Barsha ready-stock comps1,500AED 1.35MIndicative resale benchmark
Al Barsha 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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First Central Hotel Suites official render 10

Astraterra Properties

Official Documents

Download official marketing materials from The First Group.

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Payment Structure

Developer payment plan available

Flexible Payment

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Amenities & Lifestyle

Accessibility for people with disabilities
Central A/C
Concierge Service
Conference room
Dining outlets (coffee houses & restaurants)
Driver Service
Housekeeping Services
Indoor Multipurpose Space
Laundry
Lift
Lobby
Lounge
Meeting Room
Parking
Recreational areas
Resting Areas
Rooftop Pool
SPA
Security and CCTV
Shared gym & fitness
Sitting Area
Social zone
Steam

Location

Al Barsha

Nearby Destinations

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

Developer Track Record

01

First Central Hotel Suites by The First Group

02

Located in Al Barsha

03

Starting from AED 470,000

04

Unit mix includes Studio, Hotel apartments

05

Expected handover: Mar 2014

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Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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