Overview

Property Description

The Royal Residences is an 11-story residential complex in Dubai's International City. The building's construction began in 2006 and was completed 15 months later. Units range in size from 750 square feet to 850 square feet and cost AED 520,000 (USD 142,000) for one- to two-bedroom apartments. One-bedroom apartments range in size from 750 square feet to 850 square feet. The apartments include a master bedroom and a bathroom, as well as a kitchen and living room. There are also balconies and powder rooms in some apartments. There are two-bedroom apartments with a maximum area of 1,600 sq. ft. and a starting price of AED 690,000 (USD 188,000). *Prices are valid for 2021 As a result, Royal Residences offers real estate in the budget segment of the local market, which makes them popular with tenants and investors. Currently, an apartment offers an average annual return on investment of 5.1%. If current trends continue, investments will be recouped in 20 to 22 years.

Location