Park Ridge — project image
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Park Ridge

From AED 2.55M·Completed Dec 2022·Accepted payment methods: bank_check, credit_debit_card,... Payment
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AED 2.55M
Starting Price
Dec 2022
Handover
Accepted payment methods: bank_check, credit_debit_card,...
Payment Plan
2 BR · Apartments
Type

Project Overview

Park Ridge is a gated residential community in Dubai Hills Estate, Dubai. These are towers with a height of 10-22 floors from a well-known developer in the UAE Emaar Properties. The complex offers a choice of 1-3-bedroom apartments and townhouses with high-quality modern amenities. Residents will be able to enjoy the green spaces surrounding the towers. There is a shopping center, as well as cafes and restaurants on site. There are recreational areas, parks, children's playgrounds, running and cycling paths, an outdoor gym, and public swimming pools. The main feature of the complex is an 18-hole golf course, where championships are held. For a comfortable stay on the territory there is a 24-hour security and service. Educational institutions for children and medical centers are located in a closed residential area. From Park Ridge, you can quickly reach the following destinations by car: Dubai Mall-20 minutes, Burj Al Arab-16 minutes, Palm Jumeirah Island-18 minutes, The Walk JBR-22 minutes. Dubai International Airport (DXB) is approximately a 26-minute drive away and the Al Maktoum International Airport is approximately 38 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 110,033 / year
Cash-on-Cash
2.2%
Levered cashflow AED 25,883
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 1.17M / 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

Children’s pool
Covered Parking
Dining outlets (coffee houses & restaurants)
Golf course
Jogging tracks
Kids Play Area
Landscaped garden
Landscaped park
Lift
Parking
Retail outlets
Shared Pool
Shared gym & fitness
Walking paths

Location

Park Ridge location map
Project location

Nearby Destinations

Dubai Hills

Developer and Project Facts

01

Park Ridge by Emaar Properties

02

Located in Dubai Hills

03

Starting from AED 2,550,000

04

Unit mix includes 2 BR, Apartments

05

Expected handover: Dec 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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