Il Teatro Residences 1, 2
✓ Resale Available

Il Teatro Residences 1, 2

From AED 2.38M·Completed May 2026·20% down payment Payment
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AED 2.38M
Starting Price
May 2026
Handover
20% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

Il Teatro Residences 1, 2 is a stylish residential project from the developer Arada Properties, which is part of the Aljada community in Sharjah. Each residence has a view on the one of the main area attractions — the theater, designed by the famous Japanese architect Tadao Ando, and a multi-level pedestrian area. The complex consists of two identical mid-rise buildings. Each building has a basement level with parking spaces, a ground floor, seven residential floors, a roof with a infinity pool and a relaxation area. Apartments with 2 to 3 bedrooms and lofts with 2 or 3 bedrooms are available for purchase. The interior design uses bright colors and high-quality finishes. The complex's amenities include a gym, a health club and a landscaped park with recreational areas and a green corridor leading to the theater. All apartments are equipped with a smart home system, as well as concierge services, 24-hour security and laundry. There are exhibition halls, shops and supermarkets, cafes and restaurants within walking distance. The unique location of the complex Il Teatro Residences 1, 2 allow you to reach the City Center Al Zahia in just 2 minutes away. University City and Madar are a 5-minute away, Sharjah International Airport can be reached in 10 minutes, and Dubai International Airport and Downtown Dubai can be reached in about 25 minutes.

Project Specifications
DeveloperArada Properties
LocationMuwaileh Commercial
Unit Types1 BR, 2 BR, Apartments
AreaMuwaileh Commercial
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 102,481 / year
Cash-on-Cash
1.8%
Levered cashflow AED 24,106
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 154,375 / 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 Teatro Residences 1, 2 launch basis2,639AED 2.38MCurrent launch / asking basis
Muwaileh Commercial ready-stock comps1,500AED 1.35MIndicative resale benchmark
Muwaileh Commercial 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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Il Teatro Residences 1, 2 official render 1

Il Teatro Residences 1, 2 official render 1

Il Teatro Residences 1, 2 official render 2

Il Teatro Residences 1, 2 official render 2

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Il Teatro Residences 1, 2 official render 3

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Il Teatro Residences 1, 2 official render 5

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Il Teatro Residences 1, 2 official render 7

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Il Teatro Residences 1, 2 official render 8

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Il Teatro Residences 1, 2 official render 9

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Il Teatro Residences 1, 2 official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Arada Properties.

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Payment Structure

20% down payment

Flexible Payment

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Amenities & Lifestyle

Community Lawn
Concierge Service
Conference room
Covered Parking
Covered Theater
Covered gym
Coworking zone
Dining outlets (coffee houses & restaurants)
Dog walking area
Event Lawns
Fitness Zone
Infinity pool
Jogging tracks
Kids Play Area
Landscape Open Areas
Landscaped garden
Landscaped park
Laundry
Leisure areas
Library
Lobby
Meditation zone
Open Kids Play Area
Outdoor Multipurpose Space
Outdoor Theater
Park Access
Parking
Picnic Area
Pool Deck
Recreational areas
Resting Areas
Retail outlets
Rooftop Pool
SPA
Security and CCTV
Shared Pool
Shared gym & fitness
Sitting Area
Smart home
Social zone
Sports ground
Tennis court
Walking paths
Yoga studio

Location

Muwaileh Commercial

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Muwaileh CommercialMuwaileh CommercialDubai, UAE

Developer Track Record

01

Il Teatro Residences 1, 2 by Arada Properties

02

Located in Muwaileh Commercial

03

Starting from AED 2,375,000

04

Unit mix includes 1 BR, 2 BR, Apartments

05

Expected handover: May 2026

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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