Overview

Property Description

In December 2013, Beney Investments Limited completed Cappadocia, a five-storey residential complex located in Jumeirah Village Circle, District 13, Dubai. A total of 67 residential units are available, including studios, duplexes, penthouses, lofts, and one- to three-bedroom apartments. In addition to high-tech climate control systems, modern home accessories, open-plan kitchens, built-in wardrobes, and spacious baths, apartments range in size from 800 square feet to 2,783 square feet. There are apartments with walk-in wardrobes, guest bathrooms, spacious balconies, and staff accommodations. There are penthouses and duplexes with two balconies, guest bathrooms, and large living rooms. Studios cost AED 299,000 (USD 81,000), and one-bedroom apartments cost AED 595,000 (USD 162,000). Two-bedroom apartments cost AED 1,187,000 (USD 323,000), and three-bedroom apartments cost AED 1,300,000 (USD 354,000). *Prices are valid for 2021 The return on investment for Cappadocia properties ranges from 5.88% to 6.93%, depending on the type of unit. Annual rental rates range from AED 29,000 to AED 120,000, and investments are expected to be recouped within 14 to 18 years.

Location