Overview

Property Description

Founded in 2018, EAST40 was the first residential high-rise development in Al Furjan by TownX Real Estate Development. The building features a variety of chic 1 and 2 bedroom apartments, with a total of 112 units. The living areas of the apartments range from 670 sq. ft. to 1,142 sq. ft., and each apartment comes furnished with designer amenities.. As a result, homeowners will enjoy high-end fully-equipped kitchens with Zanussi appliances, Italian wardrobes by Giessegi, sanitary ware by Vitra, and Schneider Electric control systems. In the upscale development, there are six types of apartments: A, B, C, D, E and F. Each apartment has a balcony or terrace overlooking the lush greenery surrounding it. One-bedroom apartments in EAST40 start at AED 742,000 (USD 202,000). *Prices are valid for 2022 EAST40 was successfully completed in 2019, so as soon as you purchase a property, you can move in or rent it out to earn income. Al Furjan is a freehold area, so UAE citizens and expats can both enjoy 100% ownership rights. In addition to the benefits of owning an apartment in EAST40, there is no time limit on owning the property.. Currently, the starting rental rate for a 1-bedroom residence in Al Furjan amounts to AED 30,000 (USD 8,200) per year, according to Property Finder. It is well known for having the largest port in the region and the ninth busiest port in the world, as well as its own free zone, JAFZA, which accounts for 23% of Dubai's economic development. Jebel Ali is home to more than 7,000 companies, so it is safe to say that properties in EAST40 will be in high demand among those who choose to live near their workplace. As a result of the launch of Jebel Ali Village in 2021, the first phase was almost immediately sold out. Nakheel Properties is planning to renovate this area as a prime villa/townhouse community, which is one of Dubai's oldest and most prestigious areas.

Location