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 GEMZ tower plans to treat its occupants to an array of lifestyle amenities, which are as follows:
The starting price for a 1-bedroom apartment of 744 sq. ft amounts to AED 890K (USD 242K).
GEMZ is located next to Yalais St/Jebel Ali-Al Hibab Rd, along the Sheikh Mohammed Bin Zayed Road and Mohammed Bin Zayed Road, providing hassle-free commutes around the emirate. Within a stone’s throw away, one can find the Al Furjan Manor Hotel bus station, which is perfect for those who opt to move around by public transport. Not forgetting Discovery Gardens Metro Station and Al Furjan Metro Station, which are both a 30-35 minute walk away, and are connected to the Expo 2020 Metro Station.
The upcoming development is adjacent to EAST40 by TownX Real Estate Development with ready to move 1 and 2-bedroom apartments. When buying a property here, you will be granted access to a swimming pool, a gym and a sauna, as well as dedicated male and female facilities.
It will take about 20 minutes’ to reach the following facilities from the GEMZ residential development:
On top of that, residents will have easy access to shopping malls and prestigious academic institutions, which will take no longer than 15 minutes’ to travel to. These can be found below:
Meanwhile, it will take a maximum of 35 minutes by car to reach Dubai International Airport and Al Maktoum International Airport.
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.
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