Paloverde
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About the project
(sq. ft.)
Paloverde is an apartment complex located in the DAMAC Hills 2 (Akoya Oxygen). DAMAC Properties, a leading development company, worked on the project, and construction was completed in 2021.
The complex features three to six-bedroom villas and three to five-bedroom townhouses. Plots of land are also available for owners who wish to build a home.
Villas and townhouses have a modern style with interiors featuring environmentally friendly materials and a natural colour palette. Residences are surrounded by natural landscapes, which seamlessly complements the buildings.
Units include spacious bedrooms, terraces, designer bedrooms, Smart Home systems, air conditioning units, heating systems, built-in closets, modern plumbing, new appliances, open kitchens, panoramic windows with glazing, parking spaces, private backyards, hedges, private outdoor pools, recreation spaces, and barbecue areas. Units can be purchased with furniture.
The size of a villa starts at 176.5 sq. m (1,900 sq. ft), and prices start at AED 700,000 (USD 190,557).
*The price is valid for 2021
Residents have views of nearby attractions, a golf course, and landscaped parks and gardens. Paloverde and its community offer a variety of amenities, including:
- 24-hour security with video surveillance
- Valet and maid services
- Public swimming pools
- Sports centres
- Shopping centres
- Playgrounds
- Hiking and biking trails
- Parks and gardens
- Spa and wellness complex
- Nearby schools, stores, cafés, restaurants, markets, and pharmacies
Location
Residents have access to El Quadra and Al Ain Road, with links to Sheikh Zayed Road, which provides quick and easy routes to popular Dubai attractions within 30 minutes of the complex. The Dubai International Airport can be reached within a 35-minute drive, and the Al Maktoum Airport can be reached within a 30-minute drive.
Residents can take advantage of nearby shops and essential services, including retail stores, supermarkets, cafés, restaurants, mosques, hotels, post offices, gyms, cultural sites, and leisure centres.
The nearest shopping malls are the Dubai Outlet Mall and the Cityland Mall. They offer retail stores, supermarkets, a cinema, children’s space, recreational areas, cafés, and restaurants, and they can be reached within a 20-minute drive of the complex. Downtown Dubai is located 32 minutes away.
The Trump International Golf Club is located near the community. It covers an area of 2,787 sq. m (30,000 sq. ft) and features a golf club, hotel, restaurant, and landscaped areas with water.
Paloverde is situated near several schools and nurseries, including Gems First Point School, Ranches Primary School, and Step by Step Nursery – Layan.
Mediclinic Parkview Hospital and Aster Clinic are located within 20 minutes of the community.
Payback
Paloverde’s residences have an annual return on investment rate of approximately 5.1%.
The annual rental cost for a three-bedroom villa is AED 115,000 (USD 31,310).
Property rent tax is 5%, AED 5,750 (USD 1,565). The complex’s maintenance fees start at AED 20,000 (USD 5,445), and net income is AED 89,250 (USD 24,299).
*The price is valid for 2021
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Metropolitan Premium Properties
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Internet City, Dubai, UAE
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