Overview

Property Description

This development from Danube Properties is a premium mixed-use development located in Jumeirah Village Circle. It is the second phase of the best-selling Elitz complex. The project consists of 2 towers, 45 and 39 storeys high, each with studios, one-to-three bedroom apartments, as well as commercial spaces. A select layout in Elitz may include a study and/or maid's room for the convenience of homeowners. Private balconies offer stunning views of the luscious parks of Jumeirah Village Circle. A 1-bedroom apartment in Elitz 3 starts at AED 1.1M (USD 299K) as of Q3 2023. *Prices are valid for 2023 As the first phase of Elitz completely sold out on the first day of its launch, investors were confident in the quality of the developer's homes and the market potential of the complex. Elitz 2 will be completed in Q3 2026. It may be worthwhile to rent out a property in Elitz 2 to generate profit in addition to using it as a private residence. AED 40K (USD 11K) is the initial annual rent for a 1-bedroom apartment in Jumeirah Village Circle as of June 2023 with an average gross yield of 7.7 %. These indicators assure a high rental income and rapid return on investment. With a guaranteed net ROI of 6% for three years, Elitz 3 is expected to be completed in Q4 2026. AED 750K (USD 204K) invested in Elitz 2 and 3 will grant you a 2-year visa. AED 2M (USD 545K) invested in Elitz 2 and 3 grants you a 10-year Golden Visa.

Location