The Address Residences Dubai Opera — project image
✓ 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
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 453,075 / year
Cash-on-Cash
2.2%
Levered cashflow AED 106,575
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 4.83M / 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 Emaar Properties.

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Payment Structure

Accepted payment methods: bank_check, credit_debit_card,...

Published payment summary

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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

Downtown Dubai

Developer and Project Facts

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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RERA Registered
Qualified Buyer Flow
Property Enquiries

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

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