Celestia by DAMAC Dubai Investment Park 2 Dubai

Celestia is a pair of DAMAC apartment buildings — Celestia A and Celestia B — holding 967 fully furnished homes in studio, 1 BHK and 2 BHK layouts. Each block rises eight storeys above three basement parking levels, and units run about 425 to 1,357 sq ft. Construction began in June 2014 and the buildings were completed in August 2019, so this is a finished, tenanted address rather than an off-plan launch.

The quoted project starting figure is AED 435,000 (about Rs 1.12 crore) and the range runs to AED 850,000, while Bayut's live averages are about AED 704,756 in Celestia A and AED 881,305 in Celestia B. One point on the address: the source catalogue files Celestia under Dubai Investment Park 2, but DAMAC's own page and every portal we checked place it in Dubai South (Madinat Al Mataar), alongside Dubai Investment Park. See the rest of the emirate on our page of all Dubai projects we track, or browse our full projects index.

At a glance

Price and unit pricing

The figures are unusually spread, because a furnished studio and a 1,357 sq ft two-bedroom are very different assets in the same lobby.

Both the AED 435,000 entry and the AED 881,305 average ask next door are true; they describe different units. On a 425 sq ft studio, AED 435,000 is about AED 1,024 per sq ft, which is low for anything in Dubai carrying a title deed.

Yield is why people buy here. Against the AED 435,000 entry figure, a studio renting at AED 38,999 gives 9.0% gross and at AED 56,000 gives 12.9%. Against Celestia A's more realistic AED 704,756 average ask, the same rents give 5.5% and 7.9% — which is where the published 7.77% across the project and 8.55% for Celestia B studios come from. Underwrite at 6% to 7%, not 12%.

Payment plan and total cost

There is no developer plan. Celestia completed in August 2019, so every purchase is a resale: the full price on transfer, or a UAE mortgage, which for a non-resident usually caps near 50% of value.

Service charges for Celestia are not published by any source we checked, and on a furnished building with short-stay use they matter more than usual — lifts, corridors and common areas take heavy traffic. Ask for the last approved owners' association budget in writing and treat any agent's estimate as a guess. There is no annual property tax in the UAE and no sales tax on a residential resale. Figures are final as per the sale contract.

Location and connectivity

Celestia sits in Dubai South, the district built around Al Maktoum International Airport (DWC) and Expo City Dubai, on the boundary with Dubai Investment Park. It was one of the first apartment developments in that commercial district, so its tenant base is airport, logistics and Expo-area staff rather than families.

The roads around it are Emirates Road (E611) and Sheikh Mohammed Bin Zayed Road (E311). None of the sources we checked publishes verified drive times, so we are not printing invented ones. What matters here is proximity to DWC and Expo City, and both are close enough that short-stay operators run apartments in the building at nightly rates from about AED 170. There is no Metro station at this address.

Amenities and specifications

Apartments are delivered fully furnished, which is the most important fact about the product: it is built to be let, not personalised. That cuts your set-up cost to near nothing, and it also means the furniture package is six years old and may need replacing before your first tenant.

The buildings are a gated eight-storey pair with three basement parking levels, a pool, a gym and 24-hour security, with retail at ground level. Nothing here is luxury specification and nothing pretends to be. Check the apartment, the air-conditioning and the furniture before you agree a price: a furnished unit hides wear better than an empty one.

About the developer

DAMAC Properties, founded by Hussain Sajwani in 2002, is the largest private developer in the UAE and has now handed over more than 50,000 homes, with over 54,000 units under construction and a pipeline above 55,000. In the first half of 2026 it awarded more than USD 2.72 billion of construction contracts, about AED 10 billion.

Delivery is running hard: DAMAC is targeting 8,800-plus residential units in 2026 across DAMAC Lagoons, DAMAC Hills, DAMAC Hills 2, Chic Tower in Business Bay and Elegance Tower in Downtown, including more than 1,500 villas at DAMAC Hills 2 alone. A second finished DAMAC address in this set is The Field at DAMAC Hills, which is the villa end of the same developer's range.

For Indian buyers

Celestia is freehold and open to all nationalities. Because the buildings are complete, the Dubai Land Department issues you a title deed at a registration trustee office on transfer — there is no escrow stage and no Oqood registration on a resale. Budget the 4% DLD transfer fee on top of the price.

This is the rare Dubai purchase that fits inside one person's Liberalised Remittance Scheme allowance with room to spare. The AED 435,000 entry unit is about USD 118,000 against the USD 250,000 per person per financial year limit, and even Celestia B's AED 881,305 average ask is about USD 240,000. A couple could buy two units in one financial year. TCS above the threshold is set off against your Indian tax.

The Golden Visa is the catch. It needs AED 2 million of property on the Dubai Land Department's valuation, and nothing in Celestia comes close on its own — you would need roughly three of the more expensive units in one name. Buy here for the yield instead: 6% to 7% gross is a realistic underwriting number, against 7.77% quoted across the project. There is no annual property tax in the UAE and no tax on the rent there, but India taxes that rent at your slab rate after the standard 30% deduction, and taxes the capital gain when you sell.

Pros

• Finished since August 2019 and fully furnished: rent it from the week you take the keys.
• Entry around AED 435,000 — about USD 118,000, inside a single LRS allowance.
• Gross yields of 6% to 7% are realistic here, and 7.77% across the project is what one source publishes.
• DAMAC has handed over more than 50,000 homes and is delivering 8,800-plus more in 2026.
• Short-stay letting is already established in the building, with nightly rates starting around AED 170.

Cons

• Nothing in Celestia reaches the AED 2 million Golden Visa threshold; you would need about three units.
• Service charges are not published by any source we checked, and a furnished short-stay building runs them high.
• 967 apartments in two blocks: a lot of near-identical studios competing for the same tenants.
• The furniture package is six years old and may need replacing before your first tenant.
• No developer payment plan, and non-resident mortgages typically cap near 50% of value.
• The source catalogue's area label does not match DAMAC's own: Dubai Investment Park 2 against Dubai South.

Who this is for

• Yield-first investors who want a furnished, tenanted Dubai studio inside one LRS allowance.

Who should look elsewhere

• Golden Visa buyers: no single unit here reaches AED 2 million.
• Anyone who will not get the owners' association budget in writing before agreeing a price.

Our verdict

Celestia does one job plainly: it turns a small amount of money into a furnished, tenanted Dubai apartment with a title deed. At AED 435,000 to about AED 881,305 you are buying an income stream in the airport district, not a lifestyle address, and the published yields are close enough to the arithmetic on real rents to be credible.

The risks are the ones that come with 967 furnished units in one gated pair: competition for the same tenants, heavy wear on common areas, and a service charge nobody has published. Underwrite at 6% to 7% gross, budget for a furniture refresh, and get the last approved owners' association budget and a condition report before you transfer. If you need a Golden Visa, buy somewhere else.

Run this project's numbers yourself. The calculator opens on the price and unit size above; change the currency, the rent or the mortgage and it recalculates the fees, the cash you need on day one and the net rent.

FAQs

What is the price of an apartment in Celestia by DAMAC?

The quoted project starting price is AED 435,000 (about Rs 1.12 crore), with a range of roughly AED 270,000 to AED 850,000 by unit type. Bayut's live averages are about AED 704,756 in Celestia A and AED 881,305 in Celestia B. Apartments run 425 to 1,357 sq ft, so the spread is very different homes in the same buildings.

Is there a payment plan at Celestia?

No. Construction began in June 2014 and the buildings completed in August 2019, so every purchase is a resale: full price on transfer, or a UAE mortgage, which for non-residents usually caps near 50%. On the AED 435,000 entry unit add the 4% DLD transfer fee of AED 17,400, about AED 4,000 plus VAT for the registration trustee and 2% plus VAT commission.

What rental yield does Celestia give?

One source publishes 7.77% gross across the project, 8.55% for Celestia B studios, 7.98% in Celestia A and 7.47% in Celestia B overall. Against real rents of AED 38,999 to AED 56,000 a year and Celestia A's AED 704,756 average ask, that is 5.5% to 7.9%. Underwrite at 6% to 7% gross, before service charges.

Is Celestia registered with the Dubai Land Department?

Yes. Ownership passes by a title deed issued by the Dubai Land Department at a registration trustee office, and a resale has no escrow stage and no Oqood registration. No source we checked prints the original DLD project number - verify the title deed, and the community name, on the Dubai REST app before paying a deposit. DAMAC's page places the buildings in Dubai South, not Dubai Investment Park 2.

What are the service charges at Celestia?

Not published by any source we checked, which is a gap to close before you buy. Celestia is furnished with established short-stay letting, so common areas take heavy use and the charge is likely to sit high for its class. Ask for the last approved owners' association budget in writing.

Does Celestia qualify for the UAE Golden Visa?

No, not on a single unit. The threshold is AED 2 million of property on the Dubai Land Department's valuation, and the top of Celestia's range is around AED 881,305. You would need roughly three of the more expensive apartments in one name to clear it. Buy here for the rental income, not the visa.

Can an Indian citizen buy in Celestia, and how does LRS work?

Yes, it is freehold and open to all nationalities. Under the Liberalised Remittance Scheme each resident Indian can send USD 250,000 per financial year. The AED 435,000 entry unit is about USD 118,000 and even Celestia B's AED 881,305 average ask is about USD 240,000, so one purchase fits inside a single allowance.

Talk to Realty Hunting if you want the live studio asks in both Celestia buildings, the approved service-charge budget and a rent roll you can actually underwrite.

Compare with other Dubai projects

Also in Dubai Investment Park 2: The Field at Damac Hills (from AED 4,800,000, ready).

More by DAMAC: DAMAC Fiora (from AED 393,000, ready), Damac Hills (from AED 560,000, ready) and DAMAC Towers by Paramount (from AED 649,000, ready).

A similar budget elsewhere in Dubai: Petalz By Danube (from AED 450,000, handover 2026), Azizi Plaza (from AED 400,000, ready) and Deyaar Midtown Noor (from AED 490,000, ready).

Read next: DAMAC Projects in Dubai: Prices, Clusters and the Delivery Record · Dubai Rental Yields by Area, Gross and Net · Resale Property in Dubai: Costs, Checks and When It Beats Off-Plan · Property in Dubai Under AED 1 Million: What It Buys. Every Dubai project we track is listed on the Dubai section.