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The Sapphire by Damac Properties stands as an unparalleled investment opportunity, strategically positioned within the perpetually high-demand and dynamic core of Downtown Dubai, adjacent to the serene Safa Park. Investing here is securing a tangible asset backed by the unwavering financial stability and proven delivery record of Damac Properties, combined with the inherent luxury premium associated with the De Grisogono design and a “Jewel-themed” architectural concept. The project’s launch perfectly aligns with Dubai’s sustained growth as a global hub for wealth management, tourism, and luxury real estate investment.
The fundamental value proposition of The Sapphire lies in its unique combination of elements: a prestigious De Grisogono-designed brand, a commanding location with Burj Khalifa, Safa Park, and Persian Gulf views, and a diverse range of residence sizes, from 813 sq ft 1-bedroom apartments to expansive 9,437 sq ft 5-bedroom penthouses. This product offering caters to the upper echelon of both the long-term and short-term leasing markets. Residences in established, prime Downtown Dubai locations, especially those with bespoke designs and an extensive “Golden Collection” of hospitality-inspired amenities, consistently command premium rental rates. With anticipated rental income of 8-15% from both long-term leases (8-10% ROI) and short-term rentals (10-15% ROI), The Sapphire is poised to deliver exceptional cash flow. Furthermore, Dubai’s property market has shown robust growth, with apartment prices increasing by an average of 13.5% in 2022, indicating a strong potential for 10-20% appreciation in property value, making it a high-yield vehicle for long-term portfolio growth.
Investing in The Sapphire is fortified by the formidable reputation of Damac Properties, a developer with over two decades of excellence, over 32,000 units delivered, and a global footprint that includes projects across the UAE, Saudi Arabia, Qatar, Lebanon, and the United Kingdom. This established track record provides significant investor confidence and inherently de-risks the investment, especially given the Q1 2029 handover timeline. Furthermore, the highly favorable 20/50/30 Payment Plan optimizes capital deployment, allowing investors to secure a high-value asset with a minimal upfront cash outlay (20% initial payment) and deferring the bulk of the investment (50%) until construction progresses. This structure maximizes capital efficiency and allows investors to ride the appreciation curve of the asset over the next several years while minimizing immediate financial exposure.
The Sapphire also presents a significant draw for international investors seeking greater global mobility and residency benefits. Purchases of AED 2 Million and above automatically qualify buyers for Dubai’s coveted Golden Visa, offering a long-term residency permit in the UAE. This incentive, coupled with Dubai’s status as a tax-efficient, safe, and globally connected city, further enhances the investment appeal. The project caters to a discerning international clientele, promising not just a luxurious home but a gateway to a prosperous lifestyle, ensuring high demand and sustained market value for this iconic Damac development.
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