Overview

Property Description

It is located on Corniche Street (S110) in Al Majaz 3 and overlooks Lake Khalid. The apartment size ranges from 1,400 sq. ft. to 4,500 sq. ft., including studios and one- to four-bedrooms. In addition to bedrooms with ensuite and separate bathrooms, the units feature open-plan kitchens, living areas, dining areas, and balconies with beautiful views of the surrounding area. Staff accommodations and laundry rooms are also included in three- and four-bedroom apartments. Rental rates for apartments range from AED 40,000 (USD 11,000) to AED 105,000 (USD 29,000), and average purchase prices range from AED 1,900,000 (USD 518,000) to AED 2,350,000 (USD 640,000). *Prices valid for 2021 The Blue Tower offers many lucrative investment opportunities. Apartments have an average return on investment of 6.4%. The tower's scenic location, eco-friendly atmosphere, and well-developed infrastructure make it in high demand. Residents have easy access to all of the necessary amenities to ensure a comfortable stay.

Location