Avanti Tower is a mixed-use complex from the developer Damac Properties. It is located in the Business Bay business district. The 16-storey building includes commercial premises, residential apartments and hotel rooms. The lower floors are occupied by retail spaces and public spaces, while the upper floors are residential residences. The complex is to be commissioned in 2020.
The uniqueness of the project is the complete readiness of the premises for living or renting. The apartments are furnished and equipped with all the necessary appliances. The interior finish is in a contemporary style.
In total there are 132 properties of different sizes and layouts. There is a choice of 1, 2, or 3-bedroom apartments and studios.
The residents have the following advantages:
A 384 sq. ft (36 sq. m) apartment includes one bedroom, bathroom, kitchen, balcony. The minimum price is AED 549,999 (USD 148,500).
Avanti Tower is located in the Business Bay area and has easy access to Dubai’s major thoroughfare – Al Khail Rd. Therefore, the journey to Dubai’s key attractions and facilities takes no more than 40 minutes.
Al Maktoum International Airport is 35 minutes away by car, and Dubai International Airport is just 15 minutes’ drive away.
The largest shopping mall in the world, Dubai Mall, is located in the Downtown Dubai area, a 10-minute drive from the complex. In addition to the many stores, there are restaurants, food courts, an entertainment center for children, a cinema, and an ice rink. Burj Khalifa Tower and Dubai Opera House are also located near the apartments.
Jumeirah Beach can be reached in about 10 minutes by car. Al Quoz Pond Park is a 5-minute drive away. Here there are playgrounds and sports fields, jogging paths, a barbecue area, and an artificial lake.
A large amusement park Global Village is located 20 minutes away by private transport.
The medical centers UTM Medical Company, Medlife Healthcare Group, and Health GPs are within 10-15 minutes walking distance.
The public schools Dubai International School and Global Indian International School and nursery schools Canadian Kids Nursery, Chubby Cheeks Nursery Business Bay are 5-7 minutes away.
The profitability of the project is 5.08%. The average cost of long-term rental apartments is AED 55,000 (USD 14,850) per year.
Sign up for our weekly newsletter for market updates!