Overview

Property Description

As a luxury residential tower located in Al Furjan, GEMZ was launched in Q2 2022 by Danube Properties. With its pyramid-shaped architecture, the construction is expected to become a landmark in the neighborhood. With living areas ranging from 410 square feet to 2,253 square feet, prospective property buyers can choose from a collection of furnished studios, one to three bedroom apartments, and two and three-bedroom duplexes. The layouts, depending on the property type, may include an office and a study for the utmost convenience of homeowners. The three-bedroom apartments offer luxury lifestyles to residents, including a maid's room, a private terrace and a private swimming pool. It is said that all apartments in the GEMZ residential tower will be furnished, according to the master developer. A 1-bedroom apartment of 744 square feet starts at AED 890K (USD 242K). *Prices valid for 2022 With a completion date of Q1 2025, GEMZ is a lucrative investment not only as a private residence but also as a commercial property that can be resold or rented out later. Al Furjan, for instance, is a freehold area in Dubai, which means expats and UAE citizens can own 100% of their properties without any time limit.. One-bedroom properties typically rent for AED 30K (USD 8.2K) per annum, while their gross ROI averages 7%, according to Property Finder. In addition, you will be eligible to obtain a 3-year investor visa when investing in a property worth more than AED 750K (USD 205K). In addition to being able to renew multiple times, this visa provides family sponsorship, allowing individuals to bring their family and children to the UAE.

Location