Orvessa
Off-Plan

Orvessa

From AED 1.40M·Handover Dec 2027·20% down payment Payment
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AED 1.40M
Starting Price
Dec 2027
Handover
20% down payment
Payment Plan
Retail · 1 BR
Type

Project Overview

Orvessa — a premium-class residential complex, developed by REEF Developments and situated in the very heart of Al Furjan district. The building's architecture features a thoughtful configuration: two basement levels, a ground floor, two podium levels, fourteen residential floors, and a panoramic roof. The residences' interior finishes are crafted with exceptional attention to detail, harmoniously blending premium materials with ergonomic layout solutions. Buyers can choose from three apartment layouts: one, two, and three bedrooms. Each residence ensures privacy and functionality, fully meeting modern urban lifestyle demands. The complex's infrastructure includes everything needed for comfortable living. The premises feature fitness centers, a swimming pool, steam room and sauna, children's and play areas. Additionally provided are a barbecue zone, a meditation lounge area, as well as commercial spaces with shops and cafes. The complex is located in immediate proximity to Sheikh Zayed Road and Mohammed Bin Zayed Road, ensuring quick access to Dubai's key transport arteries. Within walking distance are schools, medical centers, and parks. Al Furjan Metro Station and Discovery Gardens are reachable in 7 minutes, Dubai Marina and Jumeirah Beach in 14 and 16 minutes respectively. The journey to Global Village takes 20 minutes, while Al Maktoum International Airport is 24 minutes away.

Project Specifications
DeveloperBNW Developments
LocationAl Furjan
Unit TypesRetail, 1 BR, 2 BR, 3 BR, Apartments, Commerce
AreaAl Furjan
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 60,384 / year
Cash-on-Cash
2.2%
Levered cashflow AED 14,204
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 90,960 / 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
Orvessa launch basis1,555AED 1.40MCurrent launch / asking basis
Al Furjan ready-stock comps1,100AED 990,000Indicative resale benchmark
Al Furjan premium peer launches1,350AED 1.22MNew-launch peer set
Trophy alternative proxy1,550AED 1.40MHigher-end anchor for negotiation context

Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from BNW Developments.

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Payment Structure

20% down payment

Flexible Payment

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Amenities & Lifestyle

BBQ
Covered Kids Play Area
Covered gym
Coworking zone
Gaming Lounge
Library
Lift
Lobby
Meditation zone
Open Kids Play Area
Open air gym
Parking
Pool Deck
Sauna
Security and CCTV
Shared Pool
Shared gym & fitness
Steam

Location

Al Furjan

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Al FurjanAl FurjanDubai, UAE

Developer Track Record

01

Orvessa by BNW Developments

02

Located in Al Furjan

03

Starting from AED 1,399,389

04

Unit mix includes Retail, 1 BR, 2 BR, 3 BR

05

Expected handover: Dec 2027

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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