Lamtara 2 — project image
✓ 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
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 105,718 / year
Cash-on-Cash
2.2%
Levered cashflow AED 24,868
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 1.13M / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.

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Gallery

Lamtara 2 — View 2
Lamtara 2 — View 3
Lamtara 2 — View 4
Lamtara 2 — View 5
Lamtara 2 — View 6
Lamtara 2 — View 7
Lamtara 2 — View 8

Astraterra Properties

Official Documents

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Payment Structure

Developer payment plan available

Published payment summary

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Amenities & Lifestyle

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

Location

Lamtara 2 location map
Project location

Nearby Destinations

MJL (Madinat Jumeirah Living)

Developer and Project Facts

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

06

Official render/gallery images available

Available for Resale

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

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RERA Registered
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Property Enquiries

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

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