AHAD Residences

AHAD Residences is a luxury residential project in the thriving area of Business Bay that is being developed by Ahad Group. Launched back in Q1 2018, the stunning building boasts 31 residential storeys, with a range of 346 sophisticated studios and 1-3 bedroom apartments. The living area of the properties for sale ranges from 417 sq. ft to 2,560 sq. ft, with the layouts featuring a balcony/terrace of 60 sq. ft to 915 sq. ft. That being said, occupants of AHAD Residences will be able to enjoy an open view of the iconic Dubai skyline from the comfort of their own homes.

Prospective real estate buyers will be keen to learn that all apartments will be equipped with high-quality appliances, including a fridge, a gas hob, a gas oven, a range cooker-hood, a washing machine and a dishwasher. Please note that studios will not feature a dishwasher, according to the master plans. The above-mentioned appliances will be produced by the Teka brand or its equivalent. All residences are sold unfurnished, however, potential buyers will be offered a customized furniture package, which will add a luxury touch to the interiors of the AHAD Residences homes, and limit the hassle of having to shop for new furniture yourself.

The starting price for a 1-bedroom property with an area of 729 sq. ft in AHAD Residences amounts to AED 1,215,000 (USD 331,000).

There is also an attractive option of acquiring a full floor of 10,065 sq. ft for AED 18,000,000 (USD 4,900,000).

The annual service charge for each residence ranges from AED 16 to AED 19 (USD 4.36 to USD 5.17).

With the estimated completion date set for Q2 2023, apartments in AHAD Residences are a lucrative option not only as a private residence, but also as a commercial investment option as well. That being said, during the last stages of construction and upon handover, the capital values of properties in this development will increase, allowing ownersto resell them at a higher price.

In addition, it is worth considering to lease/rent out an acquired apartment, as according to Ahad Group, for similar units in Business Bay the ROI has reached 6% and 9% in terms of long term and short term rentals. At the same time, the starting rental price for a 1-bedroom apartment of 629 sq. ft in this area is set at AED 49,000 (USD 13,400) per annum, as of Q2 2022.

In addition, as mentioned earlier, AHAD Residences has full floor units for sale, which have several apartments that can be used for a subsequent lease and/or resale. In this case, you will be able to benefit from a consistent cash flow on a regular basis and have an apartment for your own personal use.

Once AHAD Residences is completed, you have the oportunity to obtain a 3-year investor visa, where the minimum qualifying amount is set at AED 750,000 (USD 205,000). This visa is valid for ready to move in properties only, and can be renewed multiple times. Among its perks is family sponsorship, which allows visa holders to bring their spouse and children to the UAE.