Portofino Hotel

Key facts

Handover (past)

Q2 2024

Status

Ready

Ownership

freehold

Property types

apartment

Availability

Sold out

How Portofino Hotel compares

Entry here is AED 2.1M, against a median of AED 2.6M across the 2 priced projects in The Heart of Europe, the lowest entry price in the community. The plan opens at 40% down, against a Dubai median of 10%, so it asks 30% more up front than the typical plan. Handover lands in Q2 2024, alongside 37 other projects completing in the same quarter. The Heart of Europe has 5 projects in our catalogue, 2 of them in The Heart of Europe.

Measured across our own catalogue of Dubai off-plan projects, refreshed with the source listings. Entry price is the lowest advertised unit price in a project, not an average transaction value.

Payment plan

Available units

Amenities

• Indoor Swimming Pool
• Gymnasium
• Restaurants
• Beach Access
• Landscaped Gardens
• Shared Spa
• Central A/C

Location

Portofino Hotel sits in The World Islands.

Master plan

The developer’s own site plan for Portofino Hotel, showing how the buildings, roads and open space sit together.

What you pay, and when

The launch payment plan was 40% on booking and 60% during construction. Buying now means a resale from a private owner, on whatever terms the two sides agree.

On top of the price, the Dubai Land Department charges 4% to register the sale, about AED 80,000 at this resale price. That 40% booking payment is not paid to The Heart of Europe directly: Dubai's Law 8 of 2007 requires a registered project to hold it in a RERA-supervised escrow account, drawn down against certified construction progress.

What the entry price works out at

The cheapest unit with a published size is 800 square feet at AED 2,100,000, which works out at AED 2,625 per square foot. Stated sizes run from 800 to 2,772 square feet.

Handover and construction

The handover on record for Portofino Hotel is Q2 2024.

Ownership and residency

Portofino Hotel is freehold, which lets a buyer of any nationality own a unit outright and hold the title deed. The cheapest resale listed clears the AED 2,000,000 property threshold for the 10 year UAE golden visa, so a resale at that price qualifies on its own.

Who it suits

The development is apartments in 1 to 2 bedroom layouts. The developer has sold out, so anything available here is a resale from a private owner.

What is on site

The shared facilities recorded for Portofino Hotel start with beach access, shared spa and central A/C, alongside the indoor swimming pool, gymnasium, restaurants and landscaped gardens that most Dubai developments carry. 6 floor plans are published for it.

Frequently asked