Modern Fully Rented 51-Unit Residential Building | 8.3% Yield | G+4+R

This is a mid-rise residential development set on a plot area of 28,990.87 sq.ft, with a total built-up area of 57,605 sq.ft and a sellable area of 40,149.02 sq.ft.

The building rises to G + 4 + rooftop (5 levels in total) and comprises 51 residential apartments, all designed as 1-bedroom units, ensuring a uniform layout and efficient configuration throughout the development. It is supported by 51 dedicated parking spaces.

The property is delivered as unfurnished, allowing flexibility for tenants and investors. Residents benefit from a fully equipped gym and a rooftop leisure area, enhancing the lifestyle offering within the building.

Completed in November 2018, the asset is currently ready and fully rented, generating an annual rental income of AED 3,400,000 with no operating expenses reported. Based on the asking price of AED 41,000,000, the property offers an indicative gross yield of approximately 8.3%.

Architecturally, the building features a clean modern design with consistent balconies across all floors, optimized 1-bedroom layouts, and a rooftop amenity space with greenery and leisure facilities. At ground level, the design integrates full parking capacity, while the surrounding environment reflects a low-density suburban setting with palm-lined roads, reinforcing a calm residential atmosphere.