Golf Terrace — project image
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Golf Terrace

From AED 862,000·Completed Dec 2016·100% down payment Payment
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AED 862,000
Starting Price
Dec 2016
Handover
100% down payment
Payment Plan
Studio · Apartments
Type

Project Overview

Golf Terrace is a residential development developed by developer Damac and located in the prestigious Damac Hills neighborhood. This project offers a unique combination of luxury, comfort and modern amenities, ideal for families and young professionals. The complex consists of two 9-storey towers and includes a collection of stylish studios and apartments with 1-3 bedrooms with panoramic windows, which offer a picturesque view of the golf course and greens and exclusive townhouses. Golf Terrace's architectural design combines elegant lines and modern materials to create an atmosphere of comfort and style. Residents can enjoy a variety of amenities including a swimming pool, fitness centers, playground and recreation area. In addition, the neighborhood's amenities offer dining, shopping and entertainment options, making life at Golf Terrace as comfortable and convenient as possible. Golf Terrace has a unique location. Emirates Road provides access to significant points of the city. Burj Khalifa and Dubai Mall can be reached in 27 minutes by car. The International Airport is 31 minutes away and Al Maktoum Airport is 21 minutes away.

Project Specifications
DeveloperDamac Properties
LocationDamac Hills
Unit TypesStudio, Apartments
AreaDamac Hills
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 37,195 / year
Cash-on-Cash
2.2%
Levered cashflow AED 8,749
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 396,520 / 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

Golf Terrace — View 2
Golf Terrace — View 3
Golf Terrace — View 4
Golf Terrace — View 5
Golf Terrace — View 6
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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

Accessibility for people with disabilities
Dining outlets (coffee houses & restaurants)
Golf course
Kids Play Area
Landscaped park
Laundry
Parking
Retail outlets
SPA
Security and CCTV
Shared Pool
Shared gym & fitness
Social zone

Location

Damac Hills

Nearby Destinations

Damac Hills

Developer and Project Facts

01

Golf Terrace by Damac Properties

02

Located in Damac Hills

03

Starting from AED 862,000

04

Unit mix includes Studio, Apartments

05

Expected handover: Dec 2016

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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