Al Fouad
About the project
(sq. ft.)
Al Fouad is a luxury residential complex by Sooma Real Estate Developer LLC, one of Dubai’s largest real estate developers. The project was built and commissioned in 2016 and consists of a 12-storey building. During its implementation, the developer took into account all of the necessary conditions for creating a convenient and comfortable living environment. The complex is fully completed and ready to welcome new tenants.
Al Fouad offers studios and apartments with one- to three-bedroom floor plans. Units range in size from 47 sq. m (516 sq. ft) to 111 sq. m (1,200 sq. ft).
Studios feature spacious living rooms with fully equipped kitchens, and apartments have additional office spaces and large balconies. Residents can enjoy a variety of amenities, including:
- Modern gym
- Rooftop swimming pool
- Concierge services and front lobby
- High-speed elevators
- Covered parking
One-bedroom apartments have a starting price of AED 750,000 (USD 204,187), and annual rental rates range from AED 35,000 to 37,900 (USD 9,528-10,318).
*The price is valid for 2021
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Location
Al Fouad is located in Al Furjan, one of Dubai’s fastest-growing areas. It features high-quality residential properties in the style of traditional Arab architecture. The area offers shopping centres, supermarkets, and educational institutions, which are located within walking distance of the complex. Residents have easy access to buses, trams, and the Metro, and there are several public transport stops situated within walking distance of the residences.
The area has restaurants and cafés, including Jawharet Beirut Restaurant, which offers spicy Lebanese cuisine. Ibn Battuta Mall, one of the world’s largest shopping centres, is located within a short distance of the complex. It features six themed halls: India, China, Persia, Egypt, Andalusia, and Tunisia. In addition to its many attractions, the mall has a selection of popular dining establishments, such as Pizza Express and Baskin Robbins.
For leisure activities, the nearby Jebel Ali Club has tennis courts, a swimming pool, a gym, restaurants, and cinemas.
Return on investment
The area of Al Furjan is experiencing rapid development, and it is home to several commercial and residential properties. The demand for local real estate is growing steadily. The community offers units with a return on investment rate of 7.8%. Given its well-developed infrastructure and convenient transportation options, the community attractions real estate investors from all over the world. As the area further develops, return rates are expected to increase. Al Fouad offers residences at very attractive prices, and buyers can take advantage of many profitable investment opportunities.
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Metropolitan Premium Properties
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[email protected]
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+971 4 428 6111
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36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
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