GEMZ

Nestled in Al Furjan, GEMZ is a luxury residential tower by Danube Properties, which was launched in Q2 2022. With pyramid-shaped architecture, the upcoming development is set to become a sensational landmark in this area. Prospective property buyers are welcome to choose from a collection of furnished studios and 1-3 bedroom apartments, alongside 2 and 3-bedroom duplexes, with living areas ranging from 410 sq. ft to 2,253 sq. ft.

The layouts, depending on the property type, may include an office and a study for the utmost convenience of homeowners. Three-bedroom properties consist of a maid’s room, a private terrace and a private swimming pool, offering a luxury lifestyle to all residents. According to the master developer, all apartments in the GEMZ residential tower will be sold furnished.

The starting price for a 1-bedroom apartment of 744 sq. ft amounts to AED 890K (USD 242K).

GEMZ, which is due for completion in Q1 2025, is a lucrative option not only as a private residence, but as a commercial investment for a subsequent resale or rental property. To begin with, Al Furjan is one of Dubai’s freehold areas, meaning that expats and UAE citizens can benefit from 100% property ownership without any time limit. As reported by Property Finder, the initial rental cost for a 1-bedroom property is AED 30K (USD 8.2K) per annum, while the gross ROI for this property type averages at 7%.

Not forgetting that when investing in a property worth over AED 750K (USD 205K), you will have the opportunity to obtain a 3-year investor visa. This visa can be renewed multiple times and provides family sponsorship, which enables an individual to bring their family and children to the UAE.