Virdis — project image
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Virdis

From AED 1.20M·Completed Jun 2019·Developer payment plan available Payment
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AED 1.20M
Starting Price
Jun 2019
Handover
Developer payment plan available
Payment Plan
2 BR · Apartments
Type

Project Overview

Viridis is a premium-class project by DAMAC Properties, located in the prestigious DAMAC Hills 2 area in Dubai. The development includes four buildings, each consisting of a ground level, a podium, and 14 residential floors. Towers A and B offer serviced residences, while towers C and D contain only residential apartments. The collection includes studios as well as one- and two-bedroom apartments. Each unit features high-quality finishes, panoramic windows with stunning city views, and one or two private balconies. Viridis residents can enjoy a healthy and active lifestyle with access to top-tier amenities. These include a modern gym, a spacious swimming pool, a spa center, and outdoor sports and play areas that provide various leisure options. Within walking distance, the DAMAC Hills 2 community offers a wide range of infrastructure: shops, cafes, restaurants, a mosque, a laundry and dry cleaning service, and a hair salon. Thanks to its location near Al Qudra Road and Jebel Ali – Lehbab Road, Viridis ensures quick access to key areas of Dubai. Meydan, Business Bay, and Dubai International Airport are all about 35 minutes away by car.

Project Specifications
DeveloperDamac Properties
LocationDamac Hills 2
Unit Types2 BR, Apartments
AreaDamac Hills 2
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 51,780 / year
Cash-on-Cash
2.2%
Levered cashflow AED 12,180
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 552,000 / 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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Astraterra Properties

Official Documents

Download official marketing materials from Damac Properties.

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Payment Structure

Developer payment plan available

Published payment summary

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Amenities & Lifestyle

Children’s pool
Covered Parking
Dining outlets (coffee houses & restaurants)
Kids Play Area
Landscaped garden
Lift
Retail outlets
Security and CCTV
Shared Pool
Shared gym & fitness
Sports ground
Storage Areas

Location

Virdis location map
Project location

Nearby Destinations

Damac Hills 2

Developer and Project Facts

01

Virdis by Damac Properties

02

Located in Damac Hills 2

03

Starting from AED 1,200,000

04

Unit mix includes 2 BR, Apartments

05

Expected handover: Jun 2019

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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