Solcasa Residence
Off-Plan

Solcasa Residence

From AED 950,000·Handover Jun 2026·20% down payment Payment
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AED 950,000
Starting Price
Jun 2026
Handover
20% down payment
Payment Plan
Studio · 1 BR
Type

Project Overview

Solcasa Residence is an outstanding project from the developer Matrix in the Meydan (Nad Al Sheba 1) district. It combines modern architectural craftsmanship and environmental construction practices. This residential complex is admired for its elegant and minimalistic design with wide glass panels. The building consists of a ground floor, two podium floors, and five residential floors. The use of environmentally friendly materials emphasizes visual appeal and minimizes the impact on the environment, creating harmony between a modern lifestyle and caring for nature. The complex offers a variety of apartments, including studios and apartments with one, two, and three bedrooms, which meet the different needs of residents. Each space features stylish finishes and high-quality materials such as marble and handmade wood. Residents can enjoy the state-of-the-art gym, swimming pool, jacuzzi, indoor cinema, and many other amenities that make life here comfortable. The location in the Meydan area provides easy access to shops, restaurants, and other infrastructure facilities. Key attractions such as Burj Khalifa and Downtown Dubai are just 5 minutes away, Dubai International Airport is 12 minutes away, and Palm Jumeirah is 25 minutes away. The Dubai Mall, Dubai Opera and Dubai Frame are within 15 minutes.

Project Specifications
DeveloperMatrix Real Estate Development
LocationMeydan (Nad Al Sheba 1)
Unit TypesStudio, 1 BR, 2 BR, Apartments
AreaMeydan (Nad Al Sheba 1)
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 40,993 / year
Cash-on-Cash
2.2%
Levered cashflow AED 9,643
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 61,750 / 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
Solcasa Residence launch basis1,056AED 950,000Current launch / asking basis
Meydan (Nad Al Sheba 1) ready-stock comps1,700AED 1.53MIndicative resale benchmark
Meydan (Nad Al Sheba 1) premium peer launches2,100AED 1.89MNew-launch peer set
Trophy alternative proxy2,600AED 2.34MHigher-end anchor for negotiation context

Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Matrix Real Estate Development.

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Payment Structure

20% down payment

Flexible Payment

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Amenities & Lifestyle

ATM Facility
Air disinfectant system
Central A/C
Children’s pool
Covered Parking
Covered gym
Dining outlets (coffee houses & restaurants)
Electric Vehicle Charger
Indoor cinema
Jogging tracks
Kids Play Area
Landscaped garden
Laundry
Leisure areas
Lift
Lobby
Lounge
Maintenance warranty
Outdoor parking
Parking
Private pool
Retail outlets
Security and CCTV
Shared Jacuzzi
Shared Pool
Shared gym
Shared gym & fitness
Smart home
Storage Areas

Location

Meydan (Nad Al Sheba 1)

Nearby Destinations

Meydan Racecourse — 2 mins
Downtown Dubai — 10 mins
Dubai Mall — 12 mins
Business Bay — 8 mins
Meydan (Nad Al Sheba 1)Meydan (Nad Al Sheba 1)Dubai, UAE

Developer Track Record

01

Solcasa Residence by Matrix Real Estate Development

02

Located in Meydan (Nad Al Sheba 1)

03

Starting from AED 950,000

04

Unit mix includes Studio, 1 BR, 2 BR, Apartments

05

Expected handover: Jun 2026

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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