Stella Maris Tower — project image
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Stella Maris Tower

From AED 3.65M·Completed May 2024·Developer payment plan available Payment
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AED 3.65M
Starting Price
May 2024
Handover
Developer payment plan available
Payment Plan
1 BR · Apartments
Type

Project Overview

Stella Maris Tower is a premium project from Scope Investment, located in the prestigious area of Dubai Marina. The tower consists of 53 floors and a six-level underground parking lot. On the lower floors there are commercial premises. In total, the project includes 313 properties, including apartments with 1-3 bedrooms, duplexes with 4 bedrooms, penthouses and townhouses with balconies and terraces. The penthouses also have private movie theaters. All objects are equipped with a kitchen and household appliances, and only natural and high-quality materials were used for finishing. The living areas are equipped with panoramic windows that overlook the Dubai Marina Walk. Residents of the complex can enjoy 24-hour security, concierge services, underground parking, swimming pools for adults and children, fitness center, Jacuzzi, sauna, supermarket, spa center and children's room. The complex is located in the Dubai Marina area, close to the main transport artery of the UAE-Sheikh Zayed Road. Within walking distance of the complex is Marina Beach, Dubai Marina Mall, as well as restaurants, clubs and other establishments on the Dubai Marina Promenade. There are many kindergartens and educational centers nearby. Dubai International Airport and Al Maktoum International Airport are both about a 30-minute drive away.

Project Specifications
DeveloperScope Investment
LocationDubai Marina
Unit Types1 BR, Apartments
AreaDubai Marina
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 157,497 / year
Cash-on-Cash
2.2%
Levered cashflow AED 37,047
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 1.68M / 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 Scope Investment.

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Payment Structure

Developer payment plan available

Published payment summary

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Amenities & Lifestyle

Children’s pool
Cinema
Concierge Service
Covered Parking
Dining outlets (coffee houses & restaurants)
Leisure areas
Lift
Retail outlets
SPA
Sauna
Security and CCTV
Shared Pool
Shared gym & fitness

Location

Stella Maris Tower location map
Project location

Nearby Destinations

Dubai Marina

Developer and Project Facts

01

Stella Maris Tower by Scope Investment

02

Located in Dubai Marina

03

Starting from AED 3,650,000

04

Unit mix includes 1 BR, Apartments

05

Expected handover: May 2024

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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Property Enquiries

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

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