Utopia
Residential
By DAMAC
18,100,000 AED
Starting Price
6-7BR
Available Units
Dubai
Location
Utopia is an ultra-luxury residential development by DAMAC Properties in the vibrant area of DAMAC Hills. It features a collection of just 27 exquisitely crafted villas in 6-7 bedroom configurations. Providing a resort-like escape, the residences boast spacious pavilions, lush gardens and tranquil water features. The properties come in 2 types: Charlotte and Augusta.
About Utopia
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.
In terms of villa sizes, they range from 13,555 sq. ft to 25,317 sq. ft. All of the properties have 4 floors, providing plenty of space for comfortable living and guest entertainment.
Among the key features of the layouts are an entertainment room, steam & sauna rooms, a gym, a parking area, a spa, a swimming pool, a cinema, a BBQ area, a terrace, a rooftop garden and more. For the utmost convenience of homeowners, the kitchens are fitted with cabinets and under-counter storage with stone countertops.
The villas have been created to offer unparalleled golf course and lake views and to provide residents with the utmost privacy. The design of the deluxe residences is beautifully complemented with rich marble, cool metals and luscious greenery.
Payment Plan
|
Developer
|
Area from
|
Townhouses
|
Total Amount of Units
|
Payment Plan
|
|---|---|---|---|---|
|
DAMAC
|
2,297 sq. ft.
|
4-5BR
|
1900
|
70/30
|
Amenities & Features
Besides high-end in-house amenities, Utopia residents will have unrestricted access to all of the exciting offerings within DAMAC Hills itself.
While the project is under development, you can take advantage of a 60/40 payment plan. Upon booking and during construction, 20% and 40% instalments, respectively, must be paid. The remaining 40% is due upon completion of Utopia.
- Wave pool Malibu Bay
- Trump International Golf Club, Dubai
- Stables
- Petting zoo
- Dog park
- Facilities for tennis, volleyball, cricket, football, etc.
- Skate park
- F&B establishments
- Supermarkets
- Nursery
- Barber shop
Nearby Facilities
Thanks to Emirates Road being located nearby, Utopia provides easy access to Dubai International Airport, Dubai Marina and Business Bay, among other popular destinations. These can be reached within 25 minutes by car.
The development is surrounded by some of Dubai’s most visited attractions and leisure venues. Just a short drive away, you can reach the following:
- Dubai Polo & Equestrian Club
- Dubai Autodrome
- The Els Club at Dubai Sports City
- Jumeirah Golf Estates Golf & Country Club
- Cityland Mall
- IMG Worlds of Adventure
