Overview

Property Description

Located on Sheikh Zayed Road, Capricorn Tower is a 46-storey multifunctional tower built by Union Properties. A total of 90 two- to four-bedroom apartments, as well as several duplex penthouses, are located on the remaining floors of this building. The apartments feature built-in wardrobes, panoramic windows, a fully equipped kitchen, luxurious bathrooms, beautiful dressers, large dressing tables, and staff accommodations. The living room floors are finished with natural marble. There are five bathrooms, built-in wardrobes, offices, staff accommodations, and beautiful wooden spiral staircases in the penthouses. Apartments with two bedrooms have a minimum area of 130 square meters (1,400 square feet). Three-bedroom duplex penthouses have a minimum area of 492 square meters (5,300 square feet). The offices have a total area of 142 sq. m (1,532 sq. ft.) and can be rented or purchased. Expats and locals alike flock to apartments on Sheikh Zayed Road because of its family-friendly facilities, easy access to cultural and business districts, and developed infrastructure. It is easy to reach the city's most famous attractions for residents. Units at the Capricorn Tower can be purchased to be rented out afterwards, generating passive income. The average return on investment for a property is 6.8% to 7%. Apartments with three bedrooms are the most in-demand units. A two-bedroom apartment starts at AED 110,000 (USD 30,000), while an office starts at AED 168,000 (USD 45,000). *Prices are valid for 2021

Location