NAIA Golf Promenade is a modern residential complex located in DAMAC Hills. The project was developed by DAMAC Properties, one of Dubai’s leading developers. The construction was completed at the end of 2019.
The complex consists of five buildings, each with seven floors, and there is a common gallery between two towers. Commercial space is located on the first floors.
NAIA Golf Promenade features studios, apartments, and townhouses. Apartments feature floor plans with one, two, and three bedrooms, and townhouses have floor plans with two and three bedrooms.
Units were designed with comfort in mind. They feature ergonomic layouts, spacious bedrooms, panoramic windows, terraces, built-in closets, equipped kitchens, laundry rooms, and designer finishes in the bedrooms. They also have Smart House systems, air conditioning systems, heating units, wireless Internet, cable TV, new plumbing, and covered parking.
Residents can enjoy beautiful views of the surrounding golf course, gardens, and parks.
The complex also features private landscaped areas, retail stores, parks, hiking paths, biking trails, and a golf club.
The size of an apartment starts at 68.7 sq. m (740 sq. ft), and the price of an apartment starts at AED 649,000 (USD 176,692).
The annual return on investment rate for the area is approximately 5.8%.
The annual rental cost for a one-bedroom apartment starts at AED 42,000 (USD 11,435).
Property tax is 5%, or AED 2,100 (USD 572), and the maintenance fees start at AED 8,000 (USD 2,178).
The net income is AED 31,900 (USD 8,685).