Navitas Hotel & Residences
About the project
Navitas Hotel & Residences is a mixed-use complex that is part of the Akoya Oxygen community of Damac Hills 2. Developed by DAMAC Properties, the project was announced in April 2017, and construction is scheduled for completion in 2022.
Navitas Hotel & Residences consists of five 15-storey buildings that are united by a common podium and commercial space. The hotel resides in one of the towers, and the other four towers include studios and one-bedroom apartments.
The apartments feature modern interiors and furnishings, spacious living rooms, fully-equipped kitchens, “Smart House” systems, air conditioning and heating units, panoramic windows, and large balconies. Residences have views of the nearby golf course and other area attractions.
The complex offers a variety of convenient on-site amenities, including 24-hour security and video surveillance, a gym and swimming pool, underground parking, high-speed elevators, sauna, Spa facilities, lobby with reception, public park, and children’s outdoor playground.
Residents can also take advantage of housekeeping and concierge services. The complex’s private landscaped areas feature walking and biking paths, as well as areas for recreational sports.
Apartment sizes start from 39.5 sq. m (425 sq. ft) with a cost of AED 495,000 (USD 134,765).
*The price is valid for 2021
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Location
Navitas Hotel & Residences is located near Al Qudra Road, which provides access to Sheikh Zayed Road and many of Dubai’s most popular attractions. Private and public transportation options are also easily accessible to residents.
Golf fans can take advantage of the 18-hole course located in front of the complex within a 2-minute walk.
The area offers a wide selection of supermarkets, retail stores, and children’s play areas, as well as restaurants and cafés. Many of the community’s entertainment venues are scheduled for completion in 2022. The nearest schools are Jebel Ali School, EYFS, and National Curriculum of England.
By car, Navitas Hotel & Residences is conveniently located within a short drive of the following attractions:
- Dubai Outlet Mall and Cityland Mall (20 min.)
- Mediclinic Parkview Hospital and Aster Clinic (20 min.)
- Jumeirah Public Beach (30 min.)
- Downtown Dubai and Business Bay (30 min.)
- Dubai International Airport (36 min.)
Payback
The return on investment for an apartment at Navitas Hotel & Residences is 5.1% per year.
The rental cost of a one-bedroom apartment starts at AED 45,000 (USD 12,251) per year.
The rental property tax is 5%, approximately AED 2,250 (USD 613), and maintenance fees start at AED 3,000 (USD 817).
*The price is valid for 2021
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[email protected]
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+971 4 428 6111
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36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
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