Requirement : Buyer for the property
Synopsis:
This property is a mid-construction residential building located in Al Jaddaf, one of Dubai’s growing neighborhoods. The building consists of Ground + 4 basement parking levels and 12 residential floors. The structure is currently 70% complete, offering a unique opportunity for buyers to finalize the project according to their vision.
With a plot size of 15,570 square feet, the total built-up area is 203,065 square feet, while the sellable area covers 98,405 square feet. The building features 94 units, broken down into 24 studios, 46 one-bedroom apartments, and 24 two-bedroom apartments. This is an ideal opportunity for residential investment in a developing area, strategically located with easy access to Dubai’s key locations.
Investment:
The asking price for this property is AED 95 million. This reflects both the location and the potential return on investment as the building nears completion.
Ownership:
This is a freehold property, meaning the buyer will have full ownership rights, making it accessible to both UAE nationals and expatriate investors. The freehold status is a key selling point in this market, offering long-term security and flexibility for investors.
Timeline:
With 70% of the construction already completed, the property is well on its way to completion. Buyers can expedite completion to fit market demand, whether aiming for a short-term sale of individual units or long-term rental income.
Conclusion:
This property represents an excellent investment opportunity for developers or investors looking to enter the residential market in Al Jaddaf. The construction progress reduces time-to-market, and its freehold status makes it a versatile option for various investment strategies. With the potential for short-term gains and long-term rental revenue, this building is poised for success in the current real estate climate.
