IL Primo
✓ Resale Available

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
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 1.38M / year
Cash-on-Cash
1.8%
Levered cashflow AED 324,800
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 2.08M / 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
IL Primo launch basis35,556AED 32.00MCurrent launch / asking basis
Downtown Dubai ready-stock comps2,400AED 2.16MIndicative resale benchmark
Downtown Dubai premium peer launches2,900AED 2.61MNew-launch peer set
Trophy alternative proxy3,600AED 3.24MHigher-end anchor for negotiation context

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,...

Flexible Payment

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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

Downtown Dubai

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Downtown DubaiDowntown DubaiDubai, UAE

Developer Track Record

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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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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