Overview

Property Description

It consists of three buildings: two 39-storey residential towers and a 40-storey commercial tower. It was developed by JMS Property Development & Management. Property features a variety of residential units, including one- to three-bedroom apartments and three- to four-bedroom penthouses. A one-bedroom apartment is approximately 1,250 square feet and includes a living room, dining room, equipped kitchen, and a bedroom with an adjoining bathroom. Featuring two bedrooms and bathrooms, two-bedroom apartments offer space for staff. Two-bedroom apartments range from 1,660 sq. ft. to 1,850 sq. ft. Open and thoughtful layouts are featured in the three-bedroom apartments and penthouses, as well as spacious balconies. The commercial tower offers office space ranging in size from 1,310 square feet to 1,713 square feet. An average annual rental rate in Al Rayyan for a one-bedroom apartment is AED 48,000 (USD 13,000.) A two-bedroom apartment rents for AED 55,000 to 60,000 (USD 15,000 to 16,000), while a three-bedroom apartment rents for AED 70,000 (USD 19,000.) If you are looking to invest in real estate, the properties in the complex are an excellent choice. It is estimated that a long-term investment yield ranges from 6% to 8%, while a short-term investment yield ranges from 12% to 14%. An investment typically pays off within 10 to 11 years. This price is valid for 2021 only

Location