Overview

Property Description

Ahad Group is developing AHAD Residences in Business Bay, a thriving residential area. Having been built in Q1 2018, the stunning building boasts 31 floors of residential space with 346 studios and 1-3 bedroom apartments. Homes for sale range in size from 417 square feet to 2,560 square feet, and feature balconies/terraces ranging from 60 square feet to 915 square feet.. As a result, residents of AHAD Residences will be able to enjoy views of the iconic Dubai skyline from the comfort of their homes. Real estate buyers will be interested to learn that all apartments will come equipped with high-quality appliances, such as a refrigerator, a gas hob, a gas oven, a range cooker-hood, a washing machine, and a dishwasher. In accordance with the master plan, studios do not include a dishwasher. The above-mentioned appliances are Teka products or equivalents.. AHAD Residences are sold unfurnished, however, potential buyers will be offered a customized furniture package that will add a luxury touch to their interiors, and reduce the hassle of shopping for new furniture. In AHAD Residences, a 1-bedroom property with a floor area of 729 sq. ft starts at AED 1,215,000 (USD 331,000). A full floor of 10,065 sq. ft is also available for AED 18,000,000 (USD 4,900,000). For each residence, the annual service charge ranges from AED 16 to AED 19 (USD 4.36 to USD 5.17). *Prices are valid for 2022 With the estimated completion date set for Q2 2023, apartments in AHAD Residences are a lucrative option not only as a private residence, but also as a commercial investment option. As a result, the capital value of properties in this development will increase as construction is completed and when it is handed over, resulting in a higher price for owners. Also, it is worth considering leasing or renting out an acquired apartment, since Ahad Group reports that long term and short term rentals for similar units in Business Bay yield ROIs of 6% and 9%, respectively. The starting rent price for a 1-bedroom apartment of 629 square feet in this area for Q2 2022 is AED 49,000 (USD 13,400). In addition, as mentioned earlier, AHAD Residences has full floor units for sale, including apartments that can be leased and/or resold in the future. By doing so, you will be able to benefit from a consistent cash flow and have a place to live on your own. In the event that AHAD Residences are completed, you can apply for a 3-year investor visa that requires a minimum qualifying amount of AED 750,000 (USD 205,000). Among its perks is family sponsorship, which allows visa holders to bring their spouses and children to the UAE. It is valid only for ready-to-move-in properties, and it can be renewed multiple times.

Features & Amenities

Location