Hermina
Off-Plan

Hermina

From AED 2.00M·Handover Jun 2028·20% down payment Payment
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AED 2.00M
Starting Price
Jun 2028
Handover
20% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

Hermina is a residential complex by the developer Casagrand Development, located on Dubai Islands and inspired by the aesthetics of the Hermes brand. The building includes a basement level, a ground floor, and thirteen residential levels, and is designed in a modern coastal style with smooth lines, spacious balconies and glazed façades. The complex offers one-, two-, three- and four-bedroom apartments. The interiors feature entrance halls and fully furnished living spaces with branded furniture, filled with abundant natural light. The two-, three- and four-bedroom apartments are equipped with built-in jacuzzis, while the three- and four-bedroom layouts additionally include rooms for staff. Residents have access to various amenities including swimming pools, pool cabanas, a SPA area, steam rooms, a mini cinema, gaming zones, meditation and yoga spaces, a gym, an aerobics zone, running tracks, a children’s playground, a multipurpose hall, a promenade and landscaped areas. The complex provides convenient access to key destinations: Dubai Islands Beach – 5 minutes, Gold Souq Metro Station – 10 minutes, Dubai International Airport and Al Mamzar Beach Park – 20 minutes, Downtown Dubai – 22 minutes, Business Bay – 26 minutes.

Project Specifications
DeveloperCasagrand Development
LocationDubai Islands
Unit Types1 BR, 2 BR, 3 BR, 4 BR, Apartments
AreaDubai Islands
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 86,110 / year
Cash-on-Cash
2.2%
Levered cashflow AED 20,255
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 129,714 / 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
Hermina launch basis2,217AED 2.00MCurrent launch / asking basis
Dubai Islands ready-stock comps1,500AED 1.35MIndicative resale benchmark
Dubai Islands 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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Hermina official render 1

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Astraterra Properties

Official Documents

Download official marketing materials from Casagrand Development.

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Payment Structure

20% down payment

Flexible Payment

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Amenities & Lifestyle

Adults Pool
Aqua Fitness
Cabanas
Covered gym
Gaming Lounge
Indoor Multipurpose Space
Jogging tracks
Kids Play Area
Landscape Open Areas
Leisure areas
Lift
Lobby
Meditation zone
Multipurpose Sports Courts
Outdoor cinema
Pool Deck
Private Jacuzzi
Recreational areas
Resting Areas
Rooftop Pool
SPA
Security and CCTV
Shared Pool
Shared gym
Sitting Area
Smart home
Social zone
Steam
Theater
Walking paths
Yoga studio

Location

Dubai Islands

Nearby Destinations

Dubai Creek — 10 mins
Deira City Centre — 12 mins
Dubai International Airport — 18 mins
Al Mamzar Beach Park — 8 mins
Dubai IslandsDubai IslandsDubai, UAE

Developer Track Record

01

Hermina by Casagrand Development

02

Located in Dubai Islands

03

Starting from AED 1,995,596

04

Unit mix includes 1 BR, 2 BR, 3 BR, 4 BR

05

Expected handover: Jun 2028

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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