Julphar Towers
About Julphar Towers
(sq. ft.)
Julphar Towers is a 43-storey mixed-use development located in Al Nakheel, Ras Al Khaimah. The complex consists of two twin towers that have a total of 349 residential units and 468 offices. The project was developed by RAK Properties.
The commercial building has finished offices for sale, as well as unfinished offices and unfinished full floors. The residential building has studios and one- to four-bedroom apartments for sale. Studios have fitted wardrobes, lounges, fitted open kitchens, balconies, and modern bathrooms. Apartments have at least one bedroom, living rooms, large balconies, laundry rooms, fitted open kitchens, dining areas, and ensuite bathrooms. Three- and four-bedroom apartments also have staff accommodations and storage rooms.
The building provides a variety of amenities and services, including:
- Gym
- Swimming pool
- Jacuzzi
- Children’s play area and garden
- Cafeteria
- Conference room and business centre
- Parking
- High-speed lifts
- Central air conditioning
- Concierge services
- Security services
- Accommodations for people with disabilities
Residential units range in size from 500 sq. ft. to 3,435 sq. ft. and range in price from AED 265,000 (USD 72,000) to AED 1,300,000 (USD 354,000). Offices range in size from 222 sq. ft. to 8,859 sq. ft. and range in price from AED 270,000 (USD 74,000) to AED 3,600,000 (USD 980,000).
*The price is valid for 2021
Property Information
- Location Al Nakheel, Ras Al Khaimah, UAE
- Developer RAK Properties
- Status of Project Completed
- Type of Project Mixed use building
- Units Studios-4BR Apartments, Offices
- Area from 500 sq. ft.
- Total Amout of Units 349 Residential Units & 468 Offices
Location
Julphar Towers is not located within walking distance of public transportation, so residents are advised to travel by personal vehicle or taxi.
The complex is situated within a short drive of many social and leisure facilities, including:
- Capra, Little Cario, and Thailand Restaurant Seafood
- Spar and Quality Supermarket
- The Ideal English School
- University of Bolton Academic Centre
- Al Oraibi Hospital
Ras Al Khaimah International Airport can be reached within a 25-minute drive of the residences. The complex is located within a 20- to 25-minute drive of several attractions, including:
- National Museum of Ras Al Khaimah, a museum that was formerly a fort
- Manar Mall, a famous shopping mall with a variety of retail shops and entertainment venues
- RAK Mall, one of the emirate’s largest shopping malls
Economic attractiveness
Julphar Towers is conveniently located near a variety of social and leisure facilities. As a result, properties are in demand among tenants and investors. Units in the area have a return on investment rate of 6%.
The annual rental rate for a residential unit in Julphar Towers ranges from AED 22,000 (USD 6,000) to AED 95,000 (USD 26,000). Office space has an annual rental rate that ranges from AED 35,000 (USD 10,000) to AED 360,000 (USD 98,000). The estimated payback period on investments ranges from 15 to 20 years.
*The price is valid for 2021
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