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
Payment plan
| Milestone | Share | On AED 2.1M |
|---|---|---|
| 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 1.3M |
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Unit mix
Floor plans
Muwaileh Commercial masterplan
Questions investors ask
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.