Overview

Property Description

Located in the City of Lights of Al Reem Island, Julphar Residence is a 23-storey residential development that offers 266 units. The complex is owned by Ras Al Khaimah's biggest developer, RAK Properties. This project's exterior boasts a combination of blue glass and a sandy palette of stone facade that evokes the island's surroundings. As well as studios, one- and two-bedroom apartments, there are just five three-bedroom apartments available to prospective buyers. Julphar Residence offers full-floor units with attractive purchase conditions as well as a maid's room for the utmost convenience of homeowners. Apart from some studios, each unit has a private balcony offering a beautiful view of the picturesque landscape. While adding a touch of charm to the interior design, floor-to-ceiling windows, wooden and stone finishes, and a total living area of 347 sq. ft. to 1,916 sq. ft. The Julphar Residence properties range in size from a compact 347 sq. ft to a spacious 1,916 sq. ft. AED 750,000 (USD 204,000) is the minimum price for an apartment in Julphar Residence. *Prices are valid for 2021 As soon as the deal is closed, you will be able to use your property when the Julphar Residence development is completed. It is important to note that RAK Properties offers free service charge for two years and 50% waiver of ADM registration when acquiring a residence here. In addition to that, you'll receive a 2% discount when you buy 3 or more properties and a 4% discount when you buy a full floor. Based on Property Finder, the ROI for 1-bedroom units in the City of Lights has reached 6.6%, as of Q1 2023. In this neighbourhood, the starting rental rates are AED 48,000 (USD 13,000). If you are interested in becoming a landlord, you may want to consider using our property management service, which will save you time and energy. This residency scheme also allows you to bring your family and domestic staff to the UAE if you acquire real estate worth at least AED 2,000,000 (USD 545,000).

Location