Overview

Property Description

Business Bay's Altitude de GRISOGONO is a 43-storey branded development by DAMAC Properties and the luxury jewellery brand de GRISOGONO. In terms of the layouts, the residences will have a balcony, a laundry room, and a powder room. Duplexes include a maid's room and a private terrace. At Altitude de GRISOGONO, the kitchens are equipped with a refrigerator, a stove, a hood, a washing machine, a porcelain backsplash and a stainless steel sink. The starting price for a 1-bedroom property in Altitude de GRISOGONO as of January 2024 is AED 1.93M (USD 525K). The starting price for a duplex is AED 8.86M (USD 2.4M). *Prices are valid until 2024 The developer offers a convenient 70/30 payment plan, which includes a 20% booking fee. During construction and upon completion, you must pay 50% and 30%, respectively. As of Q1 2024, the average gross yield for 1-bedroom units in Business Bay is 6.4%. The starting rent for a 1-bedroom unit is AED 53K (USD 14K) per year. From Q1 2021 to Q4 2023, DAMAC Properties reported a 73% capital value appreciation for off-plan apartments in Business Bay. In this complex, you can profitably resell your property even while it is still under construction, due to the growing influx of tourists and expat workers. As a property owner in Altitude de GRISOGONO, you may be eligible for either a 2-year or 10-year visa, depending on your purchase price. Both of these visas include family sponsorship, while the 10-year Golden visa also covers domestic staff.

Location