The Lana Residences — project image
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The Lana Residences

From AED 121.25M·Completed Nov 2022·Developer payment plan available Payment
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AED 121.25M
Starting Price
Nov 2022
Handover
Developer payment plan available
Payment Plan
4 BR · Penthouse
Type

Project Overview

The Lana Residences is a premium project consisting of two interconnected towers standing on a podium. One houses a prestigious hotel, while the second tower offers luxury apartments with 2-4 bedrooms, two-story residences with 4 bedrooms and penthouses with 4-5 bedrooms, private Jacuzzi pools. The design of facades and interiors is distinguished by exquisite finishing and a variety of high-quality materials. The hotel's rooms and apartments have unique layouts that include a private terrace or balcony. Light natural shades predominate in designer furniture. The complex is part of the Dorchester Collection, providing hotel guests and residents with a number of premium services, such as concierge services, 24-hour security with CCTV, butler, maid service and parking. The complex also features a modern gym, swimming pool, spa, yoga studio and a picturesque garden with plenty of places to relax. On the 18th floor of the hotel there is a premium restaurant serving Mediterranean cuisine. The Lana Residences is located on the banks of the Dubai Canal within walking distance from the center of Dubai. The Dubai Mall, Dubai Fountain, Burj Khalifa, Dubai Opera, Jumeirah Beach and the famous Ras al Khor Wildlife Sanctuary are just 5 minutes away. Palm Jumeirah and Dubai Marina are approximately 20 minutes away.

Project Specifications
DeveloperOmniyat Properties
LocationBusiness Bay
Unit Types4 BR, Penthouse
AreaBusiness Bay
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 5.23M / year
Cash-on-Cash
2.2%
Levered cashflow AED 1.23M
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 55.77M / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

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Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Omniyat Properties.

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Payment Structure

Developer payment plan available

Published payment summary

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Amenities & Lifestyle

ATM Facility
Accessibility for people with disabilities
BBQ
Central A/C
Children’s pool
Cinema
Concierge Service
Dining outlets (coffee houses & restaurants)
Electric Vehicle Charger
Intercom
Laundry
Leisure areas
Lobby
Pets Allowed
Resting Areas
Retail outlets
SPA
Security and CCTV
Shared Jacuzzi
Shared Pool
Shared gym & fitness
Sitting Area
Social zone
Storage Areas

Location

The Lana Residences location map
Project location

Nearby Destinations

Business Bay

Developer and Project Facts

01

The Lana Residences by Omniyat Properties

02

Located in Business Bay

03

Starting from AED 121,245,000

04

Unit mix includes 4 BR, Penthouse

05

Expected handover: Nov 2022

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
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Property Enquiries

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

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