The Address Residences Dubai Opera
✓ Resale Available

The Address Residences Dubai Opera

From AED 10.50M·Completed Jan 2021·Accepted payment methods: bank_check, credit_debit_card,... Payment
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AED 10.50M
Starting Price
Jan 2021
Handover
Accepted payment methods: bank_check, credit_debit_card,...
Payment Plan
3 BR · 5 BR
Type

Project Overview

The Address Residences Dubai Opera are 2 towers of 65 and 55 storeys high, located in the heart of the city centre, in The Opera District, Downtown Dubai, Dubai. Between the skyscrapers there is a large podium, on which the internal infrastructure is located. The project features 1-5 bedroom residences with different types of layouts. Warm natural colours combined with wood finishes fill the spaces with a homely feel. The Address Residences Dubai Opera offers residents a range of services and facilities including 24-hour concierge service, children's playground, games room, infinity pool, lounge area, restaurants, spa and state-of-the-art gym. From The Address Residences Dubai Opera, it is approximately 4 minutes' drive to Dubai Mall, 20 minutes to Palm Jumeirah, 19 minutes to Burj Al Arab and 24 minutes to The Walk JBR. Dubai International Airport is approximately 16 minutes‘ drive away and Al Maktoum International Airport is approximately 46 minutes’ drive away.

Project Specifications
DeveloperEmaar Properties
LocationDowntown Dubai
Unit Types3 BR, 5 BR, Apartments, Penthouse
AreaDowntown Dubai
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 453,075 / year
Cash-on-Cash
1.8%
Levered cashflow AED 106,575
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 682,500 / 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
The Address Residences Dubai Opera launch basis11,667AED 10.50MCurrent launch / asking basis
Downtown Dubai ready-stock comps2,400AED 2.16MIndicative resale benchmark
Downtown Dubai premium peer launches2,900AED 2.61MNew-launch peer set
Trophy alternative proxy3,600AED 3.24MHigher-end anchor for negotiation context

Gallery

The Address Residences Dubai Opera — View 2
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The Address Residences Dubai Opera official render 1

The Address Residences Dubai Opera official render 1

The Address Residences Dubai Opera official render 2

The Address Residences Dubai Opera official render 2

The Address Residences Dubai Opera official render 3

The Address Residences Dubai Opera official render 3

The Address Residences Dubai Opera official render 4

The Address Residences Dubai Opera official render 4

The Address Residences Dubai Opera official render 5

The Address Residences Dubai Opera official render 5

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The Address Residences Dubai Opera official render 7

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The Address Residences Dubai Opera official render 8

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The Address Residences Dubai Opera official render 9

The Address Residences Dubai Opera official render 10

The Address Residences Dubai Opera official render 10

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,...

Flexible Payment

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Floor Plans

The Address Residences Dubai Opera — 1 Bedroom Floor Plan

Amenities & Lifestyle

Concierge Service
Covered Parking
Dining outlets (coffee houses & restaurants)
Kids Play Area
Lift
Lobby
SPA
Shared Pool
Shared gym & fitness

Location

Downtown Dubai

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Downtown DubaiDowntown DubaiDubai, UAE

Developer Track Record

01

The Address Residences Dubai Opera by Emaar Properties

02

Located in Downtown Dubai

03

Starting from AED 10,500,000

04

Unit mix includes 3 BR, 5 BR, Apartments, Penthouse

05

Expected handover: Jan 2021

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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