Lamtara 2
✓ Resale Available

Lamtara 2

From AED 2.45M·Completed Mar 2021·Developer payment plan available Payment
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AED 2.45M
Starting Price
Mar 2021
Handover
Developer payment plan available
Payment Plan
1 BR · Apartments
Type

Project Overview

Lamtara 2 is an amazing project from one of the largest developers of Meraas, located in the Madinat Jumeirah Living area. Lamtara 2 is the second of three 8-story Arabic-style towers. Each residence is equipped with high-quality furniture and appliances, as well as all apartments have panoramic windows and spacious balconies or terraces with stunning views of the Persian Gulf and Burj Al Arab. For sale are carefully designed 1-4 bedroom apartments with modern interiors, complemented by Arabesque architecture and surrounding landscapes. Residents of the complex will find many different amenities: gyms, swimming pools with recreation areas, parks with barbecue areas, children's playgrounds. There is also a parking area and 24-hour security. The complex has a convenient location. There are many highly rated educational institutions nearby. Wild Wadi Waterpark and Mall of Emirates are just a 5-minute drive away, while Dubai International Airport is a 20-minute drive away. Lamtara 2 offers the highest level of service and comfort in the midst of beautiful Dubai landscapes. The complex is an ideal place for privacy and relaxation from the hustle and bustle of city life. The picturesque surroundings with green spaces inspire peace and harmony with nature, as well as create a peaceful environment in a corner decorated with nature.

Project Specifications
DeveloperMeraas Developer
LocationMJL (Madinat Jumeirah Living)
Unit Types1 BR, Apartments
AreaMJL (Madinat Jumeirah Living)
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 105,718 / year
Cash-on-Cash
1.8%
Levered cashflow AED 24,868
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 159,250 / 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
Lamtara 2 launch basis2,722AED 2.45MCurrent launch / asking basis
MJL (Madinat Jumeirah Living) ready-stock comps1,500AED 1.35MIndicative resale benchmark
MJL (Madinat Jumeirah Living) 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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Lamtara 2 official render 1

Lamtara 2 official render 1

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Lamtara 2 official render 10

Astraterra Properties

Official Documents

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Payment Structure

Developer payment plan available

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Amenities & Lifestyle

BBQ
Kids Play Area
Leisure areas
Shared Pool
Shared gym & fitness

Location

MJL (Madinat Jumeirah Living)

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
MJL (Madinat Jumeirah Living)MJL (Madinat Jumeirah Living)Dubai, UAE

Developer Track Record

01

Lamtara 2 by Meraas Developer

02

Located in MJL (Madinat Jumeirah Living)

03

Starting from AED 2,450,000

04

Unit mix includes 1 BR, Apartments

05

Expected handover: Mar 2021

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Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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