DAMAC Casa Tower
Residential
By DAMAC
2,500,000 AED
Starting Price
1-5BR
Available Units
Dubai
Location
DAMAC Casa Tower is a luxury water-inspired residential project by Dubai’s largest private developer, DAMAC Properties. The complex is located in Al Sufouh, which is one of Dubai’s most prestigious areas. According to the creator of the project, the architectural masterpiece is inspired by the lotus flower and offers unrestricted water views.
About DAMAC Casa Tower
The master developer offers a convenient 70/30 payment plan, which includes a 20% booking fee. During construction and upon estimated completion in Q1 2028, you must pay 50% and 30%, respectively.
As of Q1 2024, the gross yield for 1-bedroom units in Business Bay averages at 6.4%. The starting price for rent is AED 53K (USD 14K) per annum. As you can see, you can receive a stable cash flow if you lease your property in Altitude de GRISOGONO.
According to DAMAC Properties, off-plan apartments in Business Bay recorded 73% capital value appreciation from Q1 2021 to Q4 2023. The surge was driven by the growing influx of tourists and expat workers. This means that you can profitably resell your property in this complex, even while it is still under construction.
Property owners in Altitude de GRISOGONO become eligible for either a 2- or 10-year visa, depending on the purchase price. Both of these visas include family sponsorship, while the 10-year Golden visa additionally covers domestic staff.
Combining tranquillity and tropical luxury, the apartments will bring you the utmost comfort. You will enjoy stunning vistas of Palm Jumeirah and the Burj Al Arab from your private balcony.
Residents of the super-luxury residences will be able to soak in the resort-like atmosphere of their private oasis-vibe pool. Units from this segment also come with a private lift, a maid’s room and a preparatory kitchen.
As mentioned above, DAMAC Casa has full floors for sale. When investing in these units, you can rent out and/or sell several apartments at once and generate substantial profit.
In Al Sufouh, 1-bedroom apartments offer a whopping gross ROI of 8.6% on average. The starting rental cost amounts to AED 80K (USD 22K) per annum. These indicators clearly illustrate that you can earn a large profit should you decide to let your property out.
By buying property in DAMAC Casa, you will become eligible for a 10-year Golden visa. It can be renewed multiple times as long as you remain the owner of the property. This visa covers your spouse and children, and household staff provided the staff have a licence.
Payment Plan
|
Developer
|
Area from
|
Townhouses
|
Total Amount of Units
|
Payment Plan
|
|---|---|---|---|---|
|
DAMAC
|
2,297 sq. ft.
|
4-5BR
|
1900
|
70/30
|
Amenities & Features
There will be a myriad of one-of-a-kind amenities in DAMAC Casa which can be found below:
- One of Dubai’s first scuba simulators
- Sketch aquarium
- Dedicated cabanas
- Aqua gym
- Aqua spa
- Rain room
- Art installations
- Oasis lap pool
- Island-inspired water features
- Palm garden
- Sky floating beds
Nearby Facilities
DAMAC Casa is conveniently located not far from the junction of Palm Jumeirah Road and King Salman Bin Abdulaziz Al Saud Street, ensuring easy commutes around the emirate. Palm Jumeirah and Dubai Marina are accessible within a 10-minute drive, while a trip to the airport takes under half an hour.
The public transport infrastructure is also excellent in the surrounding area of DAMAC Casa. The Palm Jumeirah 1 and Palm Jumeirah 2 bus stations are just a few steps away.
A 15-minute walk away, the following facilities can be found:
- Stripes Supermarket
- Emirates NBD
- American University in Dubai
- Dubai Internet City Amphitheater
- F&B: SushiArt, Marini, Tadaqo Mexican Kitchen – Dubai Media City
In addition to these, it will take 10 minutes by car to reach Al Sufouh Beach, Heriot-Watt University, Wollongong University in Dubai, GEMS Wellington International School, British Orchard Nursery – Media City and Mediclinic Al Sufouh.
