La Verde New Capital

La Verde New Capital: two handover dates in one compound

La Verde New Capital is a compound by La Verde Developments in R8. It covers about 35 feddans, with four-fifths of the land left to gardens and man-made lakes per the project data, in a Mediterranean style with earthy colours. The first thing to know: the units on offer carry two different handover dates, April 2027 and October 2029, and the difference is not only the date.

Due April 2027

Three and four-bedroom flats, semi-finished, at 20% down over 10 years:

• Three-bedroom flats, 155 to 208 m², cost 9.77 to 12.48 million (near 63,000 per metre).
• A four-bedroom flat of 245 to 255 m² near 12.74 million, which is close to 52,000 per metre.

A fourth bedroom for 260,000

The largest three-bedroom measures 208 m² at roughly 12.48 million; the four-bedroom 245 m² at roughly 12.74 million. The gap is just 260,000, and it buys 37 metres and a whole room. If you are weighing a large three-bedroom, the four-bedroom is smarter. It needs about 2.55 million down, then about 85,000 a month.

Within each type

Three-bedrooms run 155 to 208 m² with about 2.72 million between them, near 51,300 per extra metre, below the flat's own metre, so the larger ones are better value. Two-bedrooms are all 135 m², yet about 270,000 separates cheapest and dearest: a floor or frontage difference. Studios, 65 to 90 m², hold the same metre throughout, so every extra metre is paid in full.

Due October 2029

• Finished studios (65 to 90 m²) starting near 5.53 million, roughly 85,000 per metre, on the same 20%-and-ten-years plan.
• A semi-finished two-bedroom of 135 m², 8.78 to 9.05 million, near 65,000 per metre.
• A semi-finished four-bedroom duplex of 330 m² near 19.9 million, with a tenth down and eight years to pay.

The studio has the dearest metre in the project, but it is the only finished unit. And note this comparison: the two-bedroom (135 m²) starts at 8.78 million while the cheapest three-bedroom (155 m²) is 9.77 million, and the latter is handed over two and a half years sooner. With about 9 million to spend, the three-bedroom gives you an extra room, 20 metres and an earlier handover for about a million more.

La Verde New Capital payment plans: what is paid by handover

Because the two dates differ, the share paid when you get the keys varies widely:

• Three- and four-bedrooms (first phase): only about 24%, near 2.34 million for the cheapest three-bedroom and 3.06 million for the four, and nine and a half years of payments to follow.
• Studio and two-bedroom (second phase): about 44%, near 3.86 million on the cheapest two-bedroom, with 7 years left.
• Duplex: just 10% down over 8 years, so also around 44% by handover, about 8.71 million, at some 186,600 a month.

R8 neighbours

La Verde is among the dearest projects in R8, and the gap shows type by type:

• De Joya 2, 800 m away, due October 2027: its cheapest three-bedroom is priced 5.94 million on 139 m², about 42,800 a metre, with 5% down, so about 47,100 monthly, and its cheapest four-bedroom 8.42 million for 200 m², close to 66,600 monthly. Its two-bedrooms open at 5.01 million for 111 m².
• The Curve, 900 m away, on De Joya 2's date: three-bedrooms from 9.9 million for 200 m², roughly 49,500 per metre, but 20% down over 5 years makes the month about 132,000.
• The Islands, 700 m away, January 2030: three-bedrooms from 5.66 million for 147 m², near 38,500 per metre.

La Verde's cheapest three-bedroom thus costs about 3.8 million more than De Joya 2's and hands over only six months earlier. Its four-bedroom, 245 m² at 12.74 million, is some 4.3 million above De Joya 2's cheapest for 45 more metres. And its 135 m² two-bedroom at 8.78 million is close to double the two-bedrooms at De Joya 2 or The Islands. What La Verde adds is its 80% greenery and lakes and a finished studio; weigh that against the gap.

The cheapest of R8

On price alone, the cheapest projects nearby charge around a third of La Verde's metre: Ri8, 600 m away, sells 166 m² three-bedrooms near 5.29 million and 199 m² four-bedrooms near 6.45 million, due July 2030, and Lagoons a 147 m² three-bedroom near 4.84 million. For roughly the price of the cheapest three-bedroom here, you get a four-bedroom there with over 3 million left over, though you wait three more years.

Or La Verde Casette, by the same developer?

La Verde Casette is just 400 m away; its 165 m² three-bedroom is 10.56 million, a metre near 64,000, much like here, but due October 2029. La Verde's three-bedroom is about 800,000 cheaper and hands over two and a half years sooner, so between the two, La Verde is the clearer pick. For a house rather than a flat, Casette has a 284 m² four-bedroom townhouse near 26.69 million; La Verde has no houses.

The duplex against the neighbours

La Verde's 330 m² duplex, near 19.9 million, matches the metre of the duplex at La Verde Casette by the same developer (280 m² near 16.88 million). The Curve's 329 m² duplex near 16.29 million is about 3.6 million cheaper for much the same size and comes two years sooner, while Lagoons' 295 m² four-bedroom duplex near 9.97 million costs about half, due October 2029 like this one.

And the studio

The finished studio here, from 65 m² at 5.53 million, carries an 85,000 metre, the dearest in the project. Canyon8, 900 m away, has a 45 m² studio near 3.02 million, about 67,100 per metre, though due October 2030. If you plan to let, ask about Canyon8's finishing before comparing.

Clubhouse, nursery and the rest

The plan lists a clubhouse, gym, spa, nursery, medical centre, restaurants and cafés, a commercial area, sports courts including squash, and walking, running and cycling paths. Nearby are Bin Zayed Axis, the Government and Diplomatic Districts, the Central Business District, the Green River, the Medical City and the conference centre.

Which phase to pick?

• A family wanting to live in the Capital next year: the three or four-bedrooms in the first phase.
• An investor wanting a finished unit to let: the studio, though its metre is dearer, so do the sums.
• Someone wanting lots of space and in no hurry: the 330 m² duplex at only 10% down.

Whichever you pick, check the unit's phase, since the same compound has units handed over two and a half years apart.

La Verde Developments

La Verde started in 2017 according to the project data, and in the Capital it also has La Verde Casette and La Porta mall.

Want to know exactly which phase the unit you like belongs to? Message Masharf's WhatsApp, and we will come back with its date and position.