Virdis
✓ Resale Available

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
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 51,780 / year
Cash-on-Cash
1.8%
Levered cashflow AED 12,180
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 78,000 / 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
Virdis launch basis1,333AED 1.20MCurrent launch / asking basis
Damac Hills 2 ready-stock comps1,500AED 1.35MIndicative resale benchmark
Damac Hills 2 premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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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

Flexible Payment

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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

Damac Hills 2

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Damac Hills 2Damac Hills 2Dubai, UAE

Developer Track Record

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

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