Modern High-Yield Residential Building | G+4+R | 85 Units
Description
This is a modern mid-rise residential investment asset built on a plot area of 58,653.41 sq.ft, with a built-up area of 163,729.84 sq.ft and a sellable area of 97,177.46 sq.ft.
The development rises to G + 4 + rooftop (5 levels total) and consists of 85 residential units, including 1 × 1-bedroom apartment and 84 × 2-bedroom apartments, offering a mixed-family configuration. The building is supported by 87 parking spaces, ensuring a strong parking ratio of approximately 1:1 per unit.
The property is delivered as unfurnished and is fully equipped with lifestyle amenities including a gym, kids’ play area, and swimming pool, making it suitable for both end-users and tenants.
Completed in February 2023, the building is currently ready and vacant, providing immediate leasing or repositioning potential. The asset generates an actual annual rental income of AED 7.6 million, with an expected rental income of AED 8.4 million, and operates with nil reported expenses.
