Park Point — project image
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Park Point

From AED 2.45M·Completed May 2020·Accepted payment methods: bank_check, credit_debit_card,... Payment
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AED 2.45M
Starting Price
May 2020
Handover
Accepted payment methods: bank_check, credit_debit_card,...
Payment Plan
2 BR · Apartments
Type

Project Overview

Park Point is a residential development by Emaar Properties, a renowned developer in the UAE, located in the emerging Dubai Hills Estate, Mohammed Bin Rashid City. The project is presented as four separate nine- and ten-storey buildings: Park Point Building A, Park Point Building B, Park Point Building C and Park Point Building D. The collection of residences of the complex includes apartments with 1-3 bedrooms and duplexes. All apartments have a modern style, conveniently designed, made of high quality materials and equipped with built-in closets and wide balconies. Panoramic windows create maximum light space, and interior decoration in neutral tones allows each living space to seem more spacious. The main services and amenities offered to Park Point residents include: balconies and terraces in all apartments, views of the landscaped hills and park areas, swimming pool, hotel service, multifunctional lobby with reception and concierge, shopping and dining areas, children's play areas, gym and spa area, parks and recreation areas, parking, security and video surveillance. Conveniently located between the main streets of Sheikh Zayed Road and Al Khail Road, it is a quick drive to the city center. The Dubai Mall is approximately 18 minutes away, the Palm Jumeirah is 17 minutes away, the Burj Al Arab is 15 minutes away and The Walk JBR is 20 minutes away.

Project Specifications
DeveloperEmaar Properties
LocationDubai Hills
Unit Types2 BR, Apartments
AreaDubai Hills
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

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Astraterra Properties

Official Documents

Download official marketing materials from Emaar Properties.

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Payment Structure

Accepted payment methods: bank_check, credit_debit_card,...

Published payment summary

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Amenities & Lifestyle

Concierge Service
Covered Parking
Dining outlets (coffee houses & restaurants)
Kids Play Area
Landscaped garden
Leisure areas
Lobby
Retail outlets
Security and CCTV
Shared Pool
Shared gym & fitness
Yoga studio

Location

Dubai Hills

Nearby Destinations

Dubai Hills

Developer and Project Facts

01

Park Point by Emaar Properties

02

Located in Dubai Hills

03

Starting from AED 2,450,000

04

Unit mix includes 2 BR, Apartments

05

Expected handover: May 2020

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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