Splendor — project image
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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
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 63,823 / year
Cash-on-Cash
2.2%
Levered cashflow AED 15,013
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 680,381 / 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 Gemini Property Developers.

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Payment Structure

10% down payment

Published payment summary

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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

Sobha Hartland

Developer and Project Facts

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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RERA Registered
Qualified Buyer Flow
Property Enquiries

Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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