Iris Park — project image
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Iris Park

From AED 3.50M·Completed Sep 2011·100% down payment Payment
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AED 3.50M
Starting Price
Sep 2011
Handover
100% down payment
Payment Plan
4 BR · Townhouse
Type

Project Overview

Iris Park is a collection of townhouses by AB Properties, presented by Synergy Properties, creating a harmonious living environment where indoor and outdoor spaces naturally complement each other. This exceptional complex features a selection of three-storey townhouses, each boasting four bedrooms and showcasing a classic design in soothing light shades. The interiors exude a minimalist elegance, with a refined palette of beige and white that enhances the sense of space and tranquility throughout the living areas. Residents of Iris Park are treated to an impressive array of premium amenities that elevate their lifestyle. Among these offerings are a refreshing swimming pool perfect for relaxation and leisure, as well as a state-of-the-art fitness center designed to support an active lifestyle. Each townhouse is complemented by spacious terraces on the first and second floors, while the ground floor features a beautifully landscaped green area, perfect for family recreation and enjoying the outdoors. Iris Park is located in the heart of Jumeirah Village Circle, giving quick access to a variety of entertainment and leisure options. Parks, fitness centers, restaurants, schools and more are located nearby. It takes 18 minutes to get to Dubai Marina and Dubai Marina Mall, 25 minutes to Downtown Dubai, Dubai Mall and Dubai International Airport, and about 28 minutes to get to Dubai World Central Airport.

Project Specifications
DeveloperAB Properties
LocationJumeirah Village Circle (JVC)
Unit Types4 BR, Townhouse
AreaJumeirah Village Circle (JVC)
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 151,025 / year
Cash-on-Cash
2.2%
Levered cashflow AED 35,525
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 1.61M / 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 AB Properties.

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Payment Structure

100% down payment

Published payment summary

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Amenities & Lifestyle

Dining outlets (coffee houses & restaurants)
Leisure areas
Parking
Recreational areas
Security and CCTV
Shared Pool
Shared gym
Shared gym & fitness

Location

Jumeirah Village Circle (JVC)

Nearby Destinations

Jumeirah Village Circle (JVC)

Developer and Project Facts

01

Iris Park by AB Properties

02

Located in Jumeirah Village Circle (JVC)

03

Starting from AED 3,500,000

04

Unit mix includes 4 BR, Townhouse

05

Expected handover: Sep 2011

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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