Al Shafar Building
About the project
(sq. ft.)
Al Shafar Building is a residential complex located in the Al Barsha 1 area of Dubai. The complex consists of four nine-storey buildings with studios and one- to two-bedroom apartments. There are a total of 48 units available to buy and rent. The project was developed by Al Shafar General Contracting Company.
The building provides a variety of services and amenities, including:
- 24-hour security with video surveillance
- Concierge services
- High-speed elevators
- Underground parking
- Free parking for guests
- Modern gym
Properties range in size from 480 sq. ft (45 sq. m) to 1,309 sq. ft (122 sq. m). Studios have sleeping areas, kitchens, bathrooms, and large panoramic windows. Two-bedroom apartments have bedrooms, bathrooms, spacious kitchens, living rooms, and dining areas.
Units range in price from AED 640,000 to 1,482,000 (USD 174,200 to 403,500).
*The price is valid for 2021
Buy Similar Property in Al Barsha
Bella Rose, Al Barsha
Listing by
Albert Tohme
Al Murad Tower, Al Barsha
Listing by
Albert Tohme
Sky Hills Residence, Al Barsha
Listing by
Bekzod Anarkulov
Sky Hills Residence, Al Barsha
Listing by
Bekzod Anarkulov
Sky Hills Residence, Al Barsha
Listing by
Bekzod Anarkulov
Location
Al Shafar Building is situated in a vibrant part of Dubai. The community offers a well-developed infrastructure and good transportation links. There are several bus stops located within walking distance of the complex, including Dunes Hotel 2, Dunes Hotel 1, and Al Wasser Compound Villas. The Mall of the Emirates and Mashreq Metro Stations can be reached within a five-minute walk.
Residents can choose from several nearby supermarkets where they can buy groceries and household goods. The closest grocery store is Helal Albarsha Grocery LLC, and VIVA Supermarket and Blueberry Mini Mart can also be reached within a short distance of the residences.
Al Barsha 1 offers kindergartens and secondary educational institutions, as well as medical centres and 24-hour pharmacies.
The Mall of the Emirates is located within 10 minutes of the complex and features shopping, entertainment, and leisure activities.
Residents can enjoy several local restaurants, including Mr. Fish, Chef Gourmet, and New Marina.
The complex is surrounded by other residential buildings and commercial complexes. Al Sufouh Beach is situated near the community and offers an ideal place to relax with friends and family. The beach offers picnic and lounge areas, as well as water sports.
Payback
Al Barsha 1 is one of the most popular residential areas of Dubai, which attracts local and international investors to the community. Properties in Al Barsha 1 have a return on investment rate that ranges from 5% to 6%.
The annual rental rate for a studio at Al Shafar Building is approximately AED 34,000 (USD 9,250), and the annual rental rate for a two-bedroom apartment is AED 65,000 (USD 17,700). Thus, the full payback period for a property is 20 to 22 years.
*The price is valid for 2021
Similar Projects
Metropolitan Premium Properties
-
[email protected]
-
+971 4 428 6151
-
36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
Get A Free Consultation
Ready for your new home?Popular Searches in the UAE
Our newsletter
Sign up for our weekly newsletter for market updates!