Navitas Hotel & Residences — project image
✓ Resale Available

Navitas Hotel & Residences

From AED 531,300·Completed Oct 2022·20% down payment Payment
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AED 531,300
Starting Price
Oct 2022
Handover
20% down payment
Payment Plan
Studio · 1 BR
Type

Project Overview

Navitas Hotel & Residences is a multifunctional complex within the Damac Hills 2 community, developed by leading developer DAMAC Properties. The project comprises five buildings, each featuring a ground floor, a shared podium with commercial spaces, and 14 residential floors. One tower is designated for a hotel, while the other four offer private residences. The residential complex includes exclusive studios and one-bedroom apartments. The residences feature modern interiors with high-quality finishes, furnishings, a spacious living area, a fully equipped kitchen, a smart home system, air conditioning, heating, panoramic windows, and a large balcony. Windows provide views of the golf course and local landmarks. Residents enjoy amenities including 24-hour security, surveillance, a gym, a swimming pool, underground parking, high-speed elevators, a sauna, a steam room, a SPA center, a reception, a lobby, a public park, and an outdoor children’s playground. Housekeeping, concierge, and maintenance services are available. The private landscaped territory offers pedestrian and cycling paths, relaxation zones, walking alleys, restaurants, cafes, and shops. A large golf course is a two-minute walk away. Proximity to Al Qudra Road, with access to Sheikh Zayed Road, ensures quick connectivity to other city areas. Dubai International Airport is a 36-minute drive away.

Project Specifications
DeveloperDamac Properties
LocationDamac Hills 2
Unit TypesStudio, 1 BR, Hotel apartments
AreaDamac Hills 2
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 22,926 / year
Cash-on-Cash
2.2%
Levered cashflow AED 5,393
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 244,398 / 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

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Astraterra Properties

Official Documents

Download official marketing materials from Damac Properties.

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Payment Structure

20% down payment

Published payment summary

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Amenities & Lifestyle

Bike path
Broadband Internet
Central A/C
Children’s pool
Concierge Service
Covered Parking
Crossfit zone
Dining outlets (coffee houses & restaurants)
Golf course
Intercom
Jogging tracks
Kids Play Area
Landscaped garden
Landscaped park
Leisure areas
Lift
Lobby
Retail outlets
SPA
Sauna
Security and CCTV
Shared Pool
Shared gym & fitness
Smart home
Sports ground
Walking paths

Location

Damac Hills 2

Nearby Destinations

Damac Hills 2

Developer and Project Facts

01

Navitas Hotel & Residences by Damac Properties

02

Located in Damac Hills 2

03

Starting from AED 531,300

04

Unit mix includes Studio, 1 BR, Hotel apartments

05

Expected handover: Oct 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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RERA Registered
Qualified Buyer Flow
Property Enquiries

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

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