Altitude

Altitude de GRISOGONO is a 43-storey branded development in Business Bay by DAMAC Properties and the luxury jewellery brand, de GRISOGONO. The complex includes a collection of studios, 1-3 bedroom apartments and just two 2-bedroom duplexes. You can also buy a full foor.

The size of the residencesranges from 440 sq. ft to 4,140 sq. ft. In terms of the layouts, the residences will come with a balcony, a laundry room and a powder room. The duplexes are complemented with a maid’s room and a private terrace.

The kitchens at Altitude de GRISOGONO are fitted with a refrigerator, a cooker, a hood, a washing machine, a porcelain backsplash and a stainless steel sink. The bedrooms, meanwhile, have built-in wardrobes.

As of January 2024, the initial price for a 1-bedroom property in Altitude de GRISOGONO stands at AED 1.93M (USD 525K). The starting price for a duplex is AED 8.86M (USD 2.4M).

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.