Orchid Residence — project image
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Orchid Residence

From AED 990,000·Completed Dec 2018·Developer payment plan available Payment
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AED 990,000
Starting Price
Dec 2018
Handover
Developer payment plan available
Payment Plan
1 BR · Apartments
Type

Project Overview

Orchid Residence is a residential apartment complex by developer Al Ansari Properties in the Dubai Science Park area. The multi-storey building is built according to a modern architectural concept with a well-thought-out configuration of sections, providing optimal lighting and views from the windows. The exterior of the complex is characterized by a laconic modern design: clean lines of facades are combined with panoramic glazing and elements of landscaping around the building. Apartments at the Orchid Residence are available in 1, 2 and 3 bedroom apartments. The interior is decorated in a modern style using high-quality materials: smooth matte surfaces, natural textures in accents, ergonomic layout. Thoughtful zoning creates a sense of spaciousness, and large windows fill the rooms with natural light. Residents of the complex can use a temperature-controlled swimming pool, a fully equipped gym, sauna and steam room, and a children's playground. The territory is landscaped with gardens, 24-hour security and video surveillance. Umm Suqeim Street and Sheikh Mohammed Bin Zayed Road are located nearby. Mall of the Emirates can be reached in 13 minutes, Dubai Internet City in 15 minutes, and Al Maktoum Airport in 25-30 minutes. Butterfly Garden and supermarkets of the area are within walking distance.

Project Specifications
DeveloperAl Ansari Properties
LocationDubai Science Park
Unit Types1 BR, Apartments
AreaDubai Science Park
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 42,718 / year
Cash-on-Cash
2.2%
Levered cashflow AED 10,048
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 455,400 / 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 Al Ansari Properties.

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Payment Structure

Developer payment plan available

Published payment summary

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Amenities & Lifestyle

Central A/C
Children’s pool
Landscaped garden
Lift
Lobby
Open Kids Play Area
Parking
Sauna
Security and CCTV
Shared Jacuzzi
Shared gym & fitness
Steam
Temperature-Controlled Swimming Pool

Location

Dubai Science Park

Nearby Destinations

Dubai Science Park

Developer and Project Facts

01

Orchid Residence by Al Ansari Properties

02

Located in Dubai Science Park

03

Starting from AED 990,000

04

Unit mix includes 1 BR, Apartments

05

Expected handover: Dec 2018

06

Official render/gallery images available

Available for Resale

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RERA Registered
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Property Enquiries

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

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