Al Faridooni Building
About the project
(sq. ft.)
Al Faridooni Building is a seven-storey mixed-use complex in the Al Barsha district of Dubai. The first floor of the building has retail outlets, and the other floors include one- to three-bedroom apartments. The complex has an underground parking lot where residents have access to at least one parking space. Street parking is available for guests and visitors.
The complex provides a variety of amenities, including:
- High-speed elevators
- 24-hour security with video surveillance
- Concierge services
- Fully equipped gym
- Swimming pool
Apartments range in size from 1,100 sq. ft (102 sq. m) to 1,900 sq. ft (177 sq. m). Units feature bedrooms with adjacent bathrooms, built-in closets, kitchens with appliances, guest bathrooms, and balconies. Three-bedroom apartments also have large living rooms.
The average price for a one-bedroom apartment is AED 798,000 (USD 217,250), and the maximum price for a three-bedroom apartment is AED 1,290,000 (USD 351,200).
*The price is valid for 2021
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Location
Al Faridooni Building is located near Sheikh Zayed Road and Al Thowima Street. Residents have easy access to public transportation, including cabs, buses, and the Metro, and there are several stops situated within walking distance of the complex.
The area offers many popular restaurants, including:
- Swiss Butter
- Golden Tasty Cafeteria
- Ibn Hamido Seafood Restaurant
- Nusr-Et Steakhouse
- Indego by Vineet
- Maiden Shanghai
Residents can shop at local grocery stores, such as West Zone Fresh, one of Al Barsha’s best supermarkets, which is located on the first floor of the complex. Gromart, Care Plus, and Al Rayan are located within a 10-minute walk of the building.
Al Barsha has a wide range of educational facilities, including:
- Kindergartens – Cherry Town, Dewdrops, and Seashells
- Schools – King School, GEMS Dubai American Academy, and the American School
- Higher education institutions – Middlesex University London and MODUL University Dubai
For medical services, residents can go to Aster Hospital and IMC Hospital.
The complex is situated within a 10-minute drive of many well-known attractions, including:
- Mall of the Emirates, a large shopping mall featuring retail stores, restaurants, Dreamscape VR, Magic Planet, and Yalla
- Al Barsha Pond Park, a local recreation area with an artificial pond, jogging paths, cycling paths, and children’s playgrounds
- Drop Zone Skydive Dubai, a skydiving centre
Payback
Al Barsha is one of the most popular areas of Dubai. It offers a wide selection of grocery stores, restaurants, cafes, kindergartens, schools, hospitals, shopping centres, and parks. As a result, Al Faraidooni Building attracts real estate investors from around the world. Units have a return on investment rate that ranges from 6% to 7%.
Investments can be recouped through the leasing of apartments. The annual rental rate for a property at Al Faridooni Building ranges from AED 57,000 (USD 15,500) to AED 103,000 (USD 28,000), and the payback period ranges from 14 to 18 years.
*The price is valid for 2021
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Metropolitan Premium Properties
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[email protected]
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+971 4 428 6151
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36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
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