il teatro Residences 1 and 2
The facts, verified
About the project
Project general facts Enjoy spectacular views of one of the region’s most prominent architectural landmarks, il teatro, which has been designed by famed Japanese architect Tadao Ando. Live in il teatro Residences and experience all the benefits of a fully fledged cultural complex. Spread over 260,000 square feet, il teatro and its surrounding plaza will host a wide variety of performances and shows, including opera, theatre, dance, ballet, musicals, concerts, films, art exhibitions and festivals. As well as a 2,000-seat auditorium, il teatro will also incorporate a gallery and boutique restaurant. Spread over two levels, il teatro’s outdoor plaza is a beautifully designed public space that floats above a water feature and contains a large amphitheatre. Brought to life by a series of events and activities, the plaza is designed to inspire local artists and the growing creative community in the UAE. Residents living nearby will be able to enjoy access to il teatro via two ‘green spines’ or urban parks that contain lush foliage and dense tree coverage, with workshops, artist studios and cafes facing the parks on both sides. Those living in the neighbourhood will also enjoy a rich
Amenities
il teatro Residences 1 and 2 payment plan
| Milestone | Share | On AED 2.06M |
|---|---|---|
| On booking, 5 payment - On booking (il teatro Residences 1 and 2) | 5% | AED 103K |
| During construction, 30 payment - During construction (il teatro Residences 1 and 2) | 30% | AED 618K |
| Upon Handover, 65 payment - Upon Handover (il teatro Residences 1 and 2) | 65% | AED 1.34M |
Run your own numbers
Your purchase
| Milestone | When | Amount |
|---|---|---|
| Downpayment (5%) | On booking | AED 103,000 |
| During construction (30%) | ≈ AED 25,750 equivalent per month over 24 months | AED 618,000 |
| Handover (65%) | On completion | AED 1,339,000 |
| SRERD fee (2%) | On booking | AED 41,200 |
| Admin / registration (est.) | On booking | AED 5,250 |
il teatro Residences 1 and 2 prices and unit mix
Project documents
Muwaileh Commercial masterplan
il teatro Residences 1 and 2 location and connectivity
About Arada
All their projects →
Arada is a prominent real estate developer based in the UAE, known for creating master-planned communities that blend modern design with a strong focus on sustainability. Founded in 2017, Arada quickly established itself as a leader in the region by developing innovative projects aimed at providing high-quality homes…
Questions investors ask about il teatro Residences 1 and 2
What is the starting price at il teatro Residences 1 and 2?
il teatro Residences 1 and 2 starts from AED 2.06M and runs to AED 4.34M, across 1 bedroom, 1 bedroom, 1 bedroom, 1 bedroom. Prices move with each release; the pack carries the current list.
What is the il teatro Residences 1 and 2 payment plan?
5% on booking, 30% during construction, 65% upon handover, worked in dirhams on AED 2.06M in the table above. Every instalment is paid into the project’s regulator-controlled escrow account, with the 4% DLD fee on top at registration.
When is il teatro Residences 1 and 2 handover?
Arada lists handover for DEC 2024, with the project currently under construction. The project completion checker on this site carries the RERA-inspected percentage for Dubai projects, refreshed monthly, which is the number to read against that date.
Where is il teatro Residences 1 and 2?
In Muwaileh Commercial, Sharjah. The Muwaileh Commercial community guide on this site has the registered prices, rents and schools around it.
Does this qualify for the Golden Visa?
Yes, units from AED 2M qualify for the 10-year Golden Visa, including off-plan with a payment plan in progress. We handle the application as part of the purchase.
Is the project escrow-registered?
Escrow details are confirmed in the project pack, payments release to the developer only against certified construction progress.
What are the fees on top of the price?
4% DLD registration fee, admin/registration fees, and our brokerage fee is paid by the developer. You pay no commission buying off-plan through Equity Edge.
