IL Primo — project image
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IL Primo

From AED 32.00M·Completed Dec 2022·Accepted payment methods: bank_check, credit_debit_card,... Payment
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AED 32.00M
Starting Price
Dec 2022
Handover
Accepted payment methods: bank_check, credit_debit_card,...
Payment Plan
4 BR · Penthouse
Type

Project Overview

IL Primo is a 77-storey residential tower with a height of 340 meters designed in a modern urban style in the prestigious Downtown Dubai area, Dubai. The complex offers 119 spacious apartments with 4-6 bedrooms, as well as penthouses. The apartments are furnished with all the necessary furniture, supplemented with unique interior items. Panoramic windows add extra volume to the space and provide gorgeous views of Dubai's famous landmarks-dancing fountains and Burj Khalifa Tower. The complex offers its residents a variety of services and amenities for a comfortable stay. In the basement of the tower there is a 6-level car Parking, gyms, restaurants, retail outlets, children's play rooms, cinemas, infinity pools, concierge service. The convenient location of the building allows you to quickly reach your desired destination - 5 minutes from the complex is the Burj Khalifa metro station and bus stops. IL Primo is approximately a 4-minute drive to Dubai Mall, 21 minutes to Jumeirah Palm, 19 minutes to Burj Al Arab and 24 minutes to The Walk JBR. Dubai International Airport is about a 17-minute drive away, while Al Maktoum International Airport is about a 47-minute drive away.

Project Specifications
DeveloperEmaar Properties
LocationDowntown Dubai
Unit Types4 BR, Penthouse
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 1.38M / year
Cash-on-Cash
2.2%
Levered cashflow AED 324,800
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 14.72M / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

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Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Emaar Properties.

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Payment Structure

Accepted payment methods: bank_check, credit_debit_card,...

Published payment summary

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Amenities & Lifestyle

Children’s pool
Cinema
Concierge Service
Covered Parking
Dining outlets (coffee houses & restaurants)
Kids Play Area
Lift
Lobby
Retail outlets
Security and CCTV
Shared Pool
Shared gym & fitness

Location

IL Primo location map
Project location

Nearby Destinations

Downtown Dubai

Developer and Project Facts

01

IL Primo by Emaar Properties

02

Located in Downtown Dubai

03

Starting from AED 32,000,000

04

Unit mix includes 4 BR, Penthouse

05

Expected handover: Dec 2022

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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