Splendor
✓ Resale Available

Splendor

From AED 1.48M·Completed Aug 2018·10% down payment Payment
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AED 1.48M
Starting Price
Aug 2018
Handover
10% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

Splendor is a boutique residential development by Gemini Property Developers, located in the prestigious Mohammed Bin Rashid City (MBR City), within the Sobha Hartland community. The development combines contemporary architecture with well-planned infrastructure. The architectural concept reflects a modern style with expressive façades and curved balconies. The building blends harmoniously with its green surroundings, offering panoramic views of the city skyline and landscaped spaces. The development features apartments with one, two and three bedrooms, penthouses with three bedrooms, townhouses with three or four bedrooms, as well as six retail units. Interiors are finished with premium materials, including Italian tiles, fully fitted kitchens with appliances and full-height built-in wardrobes. Residents enjoy a wide range of amenities, including an infinity swimming pool and kids’ pool, indoor and outdoor gym, a basketball court, a children’s play area, lounge and relaxation areas, jogging and cycling tracks, a yoga area, sauna, jacuzzi, and 24/7 security. Splendor is strategically located in MBR City, just 10–15 minutes from Downtown Dubai and Burj Khalifa. Dubai Mall is approximately 13 minutes away, Palm Jumeirah 23 minutes, Burj Al Arab 22 minutes, and The Walk at JBR 27 minutes. Dubai International Airport can be reached in about 16 minutes, while Al Maktoum International Airport is approximately 41 minutes away.

Project Specifications
DeveloperGemini Property Developers
LocationSobha Hartland
Unit Types1 BR, 2 BR, 4 BR, Apartments, Townhouse
AreaSobha Hartland
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 63,823 / year
Cash-on-Cash
1.8%
Levered cashflow AED 15,013
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 96,141 / 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
Splendor launch basis1,643AED 1.48MCurrent launch / asking basis
Sobha Hartland ready-stock comps1,500AED 1.35MIndicative resale benchmark
Sobha Hartland premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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Splendor official render 1

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Splendor official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Gemini Property Developers.

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Payment Structure

10% down payment

Flexible Payment

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Amenities & Lifestyle

Basketball court
Bike path
Broadband Internet
Children’s pool
Concierge Service
Covered Parking
Covered gym
Infinity pool
Jogging tracks
Kids Play Area
Landscape Open Areas
Leisure areas
Lift
Lobby
Lounge
Open air gym
Outdoor Multipurpose Space
Pool Deck
Resting Areas
Retail outlets
SPA
Sauna
Security and CCTV
Shared Jacuzzi
Sitting Area
Smart home
Social zone
Steam
Walking paths
Yoga Area

Location

Sobha Hartland

Nearby Destinations

Dubai Mall — 12 mins
Ras Al Khor Wildlife Sanctuary — 8 mins
Business Bay — 10 mins
Dubai International Airport — 18 mins
Sobha HartlandSobha HartlandDubai, UAE

Developer Track Record

01

Splendor by Gemini Property Developers

02

Located in Sobha Hartland

03

Starting from AED 1,479,089

04

Unit mix includes 1 BR, 2 BR, 4 BR, Apartments

05

Expected handover: Aug 2018

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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