Gulfa Towers
About Gulfa Towers
(sq. ft.)
Gulfa Towers is a residential complex located on Sheikh Khalifa Bin Zayed Street in Al Rashidiya, Ajman. The development is currently under construction and is expected to be completed in the third quarter of 2023. The project is being developed by GJ Real Estate.
There will be a total of 576 residential units, including studios and one- to three-bedroom apartments. Properties have spacious living rooms, kitchens with built-in cabinets, balconies, and bedrooms with ensuite bathrooms.
The complex provides a variety of amenities and services, including:
- Covered parking
- 24-hour security and video surveillance
- Cable TV
- Gym
- Swimming pool
- Central air conditioning
- Children’s playground
- Elegant lobby for welcoming guests
Residential units range in size from 867 sq. ft. to 2,085 sq. ft. and range in price from AED 400,000 (USD 109,000) to AED 865,000 (USD 236,000).
*The price is valid for 2023
Property Information
- Location Al Rashidiya 1, Ajman, UAE
- Status of Project In progress
- Type of Project Residential Building
- Units Studios-3BR Apartments
- Area from 867 sq. ft.
- Total Amount of Unit 576
Location
The nearest bus stop, Crown Palace Hotel, is located within a five-minute walk of the apartments. Sharjah International Airport can be reached within a 25-minute drive.
The complex is situated near many social, commercial, and leisure facilities, including:
- The Mall
- Al Taif General Trading, Thai Market, and Seema Supermarket
- Safeer Hypermarket and Abraj Al Madina Hypermarkets
- Al Hesen Restaurant & Kitchen, Garbage Cafe, Ras Al Bar Coffee Shop & Cafe, Shams Al Khan Restaurant, Bait
- Alwaleema, and Al Hannes Cafe
- Al Hikma Private School
- Just Like Home Nursery
- Ajman University
- NMC Medical Centre Ajman and Metro Medical Centre
- Emirates Bowling Centre
- Ali Mohamed Yosuf Mosque, Al Khor Towers Mosque, and Masjid Abu Huraira Mosque
- Sultan Car Washing Station
- Ajman Sports Club
- Infinity Fitness Ladies Wellness Centre
- Ajman Swimming Academy Al Nuaimya
The complex is located within a five- to 15-minute drive of several popular destinations, including the following attractions.
- Al Zorah Nature Reserve is a wetland reserve that is home to flamingos, herons, and many other migratory birds.
- UAE Pygmy Zoo was the first zoo in Ajman.
- Al Zorah Beach is situated on the Arabian Gulf and is bordered on all sides by a mangrove forest.
Payback
Sheikh Khalifa Bin Zayed Street is one of Ajman’s main thoroughfares, and it links all of the central areas together. The community has many amenities, such as restaurants, petrol stations, retail shops, and shopping malls. In addition, the highway provides quick access to Sharjah and Dubai.
Given the prime location of Gulfa Towers, investors can expect a high return on investment. Today, properties in Al Rashidiya have a return rate that ranges from 4.1% to 6%, depending on the type of unit.
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