One Za'abeel Residences — project image
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One Za'abeel Residences

From AED 14.86M·Completed Feb 2024·Developer payment plan available Payment
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AED 14.86M
Starting Price
Feb 2024
Handover
Developer payment plan available
Payment Plan
2 BR · Penthouse
Type

Project Overview

One Za'abeel Residences is a luxury apartment and commercial complex developed by the Investment Corporation of Dubai, located in the heart of the Za'abeel district. The complex consists of two towers: One Za'abeel Tower is 67 floors high and One Za'abeel The Residences is 57 floors high. The towers are connected by a horizontal structure called The Link. The structure of the complex includes 7 basement levels, functional ground floors and an operational roof. The architectural appearance of the complex impresses with bold lines and panoramic glazing: towers with a laconic modern silhouette harmoniously complement the futuristic horizontal structure of The Link, creating a spectacular visual accent. The One Za'abeel residential complex offers apartments of various layouts, from 1-bedroom apartments to 5-bedroom penthouses. The interiors are made in a modern style using premium materials. The thoughtful layout and large windows provide plenty of natural light. The complex offers residents a range of premium class amenities, both in individual towers and in The Link common infrastructure area. It offers restaurants, a spa, stylish lounge areas, a modern fitness center and an infinity pool with panoramic views. The complex is located in a prestigious area: Dubai Mall and Burj Khalifa are 7 minutes away by car, Palm Jumeirah is 19 minutes away, and Dubai International Airport is a 13—minute drive away.

Project Specifications
DeveloperInvestment Corporation of Dubai
LocationZaa'beel 1
Unit Types2 BR, Penthouse
AreaZaa'beel 1
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 641,209 / year
Cash-on-Cash
2.2%
Levered cashflow AED 150,829
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 6.84M / annual levered cash flow. Excludes time before letting.

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Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Investment Corporation of Dubai.

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Payment Structure

Developer payment plan available

Published payment summary

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Amenities & Lifestyle

BBQ
Central A/C
Children’s pool
Concierge Service
Conference room
Covered Parking
Dining outlets (coffee houses & restaurants)
Housekeeping Services
Infinity pool
Kids Play Area
Leisure areas
Lift
Lobby
Lounge
Pool Lounge
Recreational areas
Resting Areas
Retail outlets
SPA
Sauna
Security and CCTV
Shared Pool
Shared gym & fitness
Sitting Area
Social zone
Walking paths

Location

Zaa'beel 1

Nearby Destinations

Zaa'beel 1

Developer and Project Facts

01

One Za'abeel Residences by Investment Corporation of Dubai

02

Located in Zaa'beel 1

03

Starting from AED 14,860,000

04

Unit mix includes 2 BR, Penthouse

05

Expected handover: Feb 2024

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Available for Resale

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Property Enquiries

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

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