Julphar Residence
About Julphar Residence
(sq. ft.)
Nestled in the City of Lights of Al Reem Island, Julphar Residence is a premium development of 23 storeys with 266 ready-to-move-in residential units. The complex belongs to the portfolio of RAK Properties, who is the biggest publicly listed developer in Ras Al Khaimah. Reminiscent of the island’s surroundings, the exterior of the project boasts blue glass combined with a calm sandy palette of the stone facade.
Prospective property buyers have the opportunity to acquire completed studios, 1-2 bedroom apartments and just 5 apartments with 3-bedroom layouts. The latter comes with a maid’s room for the utmost convenience of homeowners. Julphar Residence also has full-floor units available under attractive purchase conditions.
All units, apart from some studios, feature 1 or 2 private balconies, which provide a beautiful view of picturesque landscape. At the same time, floor-to-ceiling windows, along with wooden and stone finishes add a touch of charm to the interior design. The total living area of the Julphar Residence properties ranges from a compact 347 sq. ft to a spacious 1,916 sq. ft.
Julphar Residence houses a range of state-of-the-art amenities, which aim to make your stay in the complex even more comfortable. These are as follows:
- Children’s indoor and outdoor play area
- Rooftop garden
- Podium level with 2 swimming pools
- Gym
- Covered parking
- 24-hour security
Property Prices
You can become the owner of an apartment in Julphar Residence for a minimum of AED 750,000 (USD 204,000).
*The price is valid for 2021
Property Information
- Location Al Reem Island, Abu Dhabi, UAE
- Developer RAK Properties
- Status of Project Completed
- Type of Project Residential Tower
- Units Studios-3BR Apartments
- Area from 347 sq. ft.
- Total Amount of Units 266
Floor Plans of Julphar Residence
Apartment, Type A-2
Type:
Studio
Total Area:
442 sq. ft.
Starting Price:
Ask for Price
Apartment, Type B
Type:
1 Bedroom
Total Area:
729 sq. ft.
Starting Price:
Ask for Price
Apartment, Type L
Type:
2 Bedrooms
Total Area:
1,068 sq. ft.
Starting Price:
Ask for Price
Apartment, Type A
Type:
3 Bedrooms
Total Area:
1,915 sq. ft.
Starting Price:
Ask for Price
Floor Plans
| Floor Plan | Type | Unit Type | Category | Total Area | Starting prices |
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Studio | Type A-2 | Apartment | 442 sq. ft. | Ask for Price |
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Studio | Type A-1 | Apartment | 435 sq. ft. | Ask for Price |
|
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1 Bedroom | Type B | Apartment | 729 sq. ft. | Ask for Price |
|
1 Bedroom | Type B-2 | Apartment | 763 sq. ft. | Ask for Price |
|
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2 Bedrooms | Type L | Apartment | 1,068 sq. ft. | Ask for Price |
|
2 Bedrooms | Type A | Apartment | 1,326 sq. ft. | Ask for Price |
|
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3 Bedrooms | Type A | Apartment | 1,915 sq. ft. | Ask for Price |
Location
Julphar boasts an excellent location next to Al Reem St and Al Matla’ii St, which means that you will be able to benefit from a hassle-free commute around the rest of the capital. The public transport infrastructure is also well-developed here, providing you with easy access to an array of bus stations, such as Al Reem St / Al Zaffat St and Al Reem St / Al Zawi St.
As well as all that, you can reach Abu Dhabi International Airport within about a 30-minute drive.
There is a wide array of facilities available within a radius of a 20-minute walk, including academic institutions, medical facilities, supermarkets, retail centers and plenty more. These include:
- Reem Mall, Paragon Bay Mall, Shams Boutik
- Reem Hospital, Burjeel Day Surgery Center
- Grandiose Supermarket – Al Reem Island
- Belvedere British Nursery, Repton – Fry Campus
Economic Appeal
The Julphar Residence development is completed, providing you with the opportunity to use your property as soon as the deal is closed. When acquiring a residence here, you will be able to take full advantage of a number of promotions by the developer. That being said, RAK Properties offers free service charge for 2 years and a 50% ADM registration waiver. On top of that, you will get a 2% discount on the acquisition of 3 or more properties and a 4% discount on a full floor purchase.
It is worth considering renting your apartment out, as the ROI for 1-bedroom units in the City of Lights has reached 6.6%, as of Q1 2023, according to Property Finder. The starting annual rental rates in this neighbourhood amount to AED 48,000 (USD 13,000). You are welcome to use our property management service, which will save your time and effort if you are thinking of becoming a landlord.
If you acquire real estate worth at least AED 2,000,000 (USD 545,000), you are granted eligibility for a 10-year Golden Visa. This residency scheme also allows you to bring your family and domestic staff to the UAE.
*The price is valid for 2021
FAQ
Julphar Residence was developed by RAK Properties, who is the biggest listed developer in Ras Al Khaimah.
Julphar Residence is located in the City of Lights on Al Reem Island, Abu Dhabi.
There are 266 residences available, namely studios and 1-2 bedroom apartments, as well as just 5 apartments in 3-bedroom configurations.
Julphar Residence is fully completed, which means that the properties here are ready for occupancy.
There are 2 payment plan options available: a 20/80 scheme for cash buyers, which includes a 20% down payment, with the remaining 80% to be paid within 30 days (upon handover). Another option is a 20/80 two-year post-handover payment plan. In this case, a 10% installment is to be paid every 3 months after the project is handed over.
In Julphar Residence, you can acquire an apartment for a minimum of AED 750,000 (USD 204,000).
Yes, you are provided with the opportunity to obtain residency upon property acquisition in Julphar Residence. Abu Dhabi has attractive long-term residency schemes, which provide multiple perks to its visa holders.
With the minimum investment amount of AED 2,000,000 (USD 545,000), you can obtain a 10-year Golden Visa. This will allow you to bring your family to the UAE, alongside unlimited domestic staff.
Yes, foreigners are allowed to acquire real estate in Julphar Residence, since Al Reem Island is a freehold area. You are provided with 100% property ownership for an unlimited period of time.
The apartments in Julphar Residence are an excellent investment, since they are already completed, enabling you to move in at once. You can also rent your property out with an attractive average ROI of 6.6% for a 1-bedroom apartment and benefit from extra income. In line with a special offer, you will be provided with free service charge for 2 years and a 50% ADM registration waiver, in addition to a 2% discount on the purchase of 3 or more units and a 4% discount on a full floor.
Yes, Julphar Residence is a great address for residing in Abu Dhabi, as it’s located in a family-oriented and pet-friendly community. The complex is also a great investment opportunity, as it will allow you to rent your property out immediately after the deal is closed.
When living on Al Reem Island, you will be able to take advantage of an array of essential facilities, including kindergartens, schools and hospitals, among others, which are all within easy reach. These include Belvedere British Nursery, Repton – Fry Campus and Reem Hospital, just to name a few.
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Metropolitan Premium Properties
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Internet City, Dubai, UAE
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