Overview

Property Description

Located in Al Nakheel, Ras Al Khaimah, Julphar Towers is a 43-storey mixed-use development consisting of two twin towers. RAK Properties developed the project. The commercial building has finished offices for sale, as well as unfinished offices and unfinished full floors. A residential building has studios, one- to four-bedroom apartments, and fitted wardrobes, lounges, open kitchens, balconies, and modern bathrooms. There are typically at least one bedroom in an apartment, along with a living room, a balcony, a laundry room, an open kitchen, a dining area, and an ensuite bathroom.. Staff accommodations and storage rooms are also available in three- and four-bedroom apartments. Residential units vary in size from 500 sq. ft. to 3,435 sq. ft. and are priced from AED 265,000 (USD 72,000) to AED 1,300,000 (USD 354,000). Offices range in size from 222 sq. ft. to 8,859 sq. ft. and cost between AED 270,000 (USD 74,000) and AED 3,600,000 (USD 980,000). *Prices valid for 2021 The Julphar Towers property is conveniently located near a variety of social and leisure facilities, which make it very attractive to tenants and investors. Units in this area have a return on investment of 6%. For a residential unit in Julphar Towers, the annual rental price ranges from AED 22,000 (USD 6,000) to AED 95,000 (USD 26,000). For office space, the rental rate is between AED 35,000 (USD 10,000) and AED 360,000 (USD 98,000). A 15 to 20-year payback period is estimated for investments.

Location