The Pearl
About the project
(sq. ft.)
The Pearl is an eight-storey apartment complex located in Dubai’s Culture Village district. Completed in 2020, the project was developed by Al Shafar Investment, and the architectural design was implemented by Al Asri Engineering Consultant.
The complex consists of 53 two-bedroom apartments. Properties have spacious living rooms, dining areas, fitted kitchens, and balconies. Residents can enjoy a variety of amenities and services, including:
- Modern gym
- Indoor swimming pool
- Lounge area
- Children’s playground
- 24-hour concierge services
- Panoramic high-speed lifts
- Parking for 75 vehicles
- 24-hour physical security
Apartments range in size from 955 sq. ft. (89 sq. m) to 1,000 sq. ft. (93 sq. m), and prices range from AED 800,000 (USD 218,000) to AED 850,000 (USD 231,000).
*The price is valid for 2021
Property Information
- Location Culture Village, Dubai, UAE
- Status of Project Ready
- Type of Project Residential Building
- Units 2BR
- Area from 955 sq. ft.
- Total Amount of Units 53
Location
Jaddaf Waterfront Park is located within a five-minute walk of the apartments. Dubai International Airport can be reached within a 10-minute drive. Palm Jumeirah is situated within a 25-minute drive, and the Dubai Opera can be reached within a 15-minute drive.
The complex is located within a 10-minute walk of several popular destinations, including:
- Restaurants – River View, Italica, Eat Drink Bistro, and the Smoke House
- Public Transportation – Al Jaddaf Metro Station
- Grocery Stores – W Mart Supermarket, Real Minimart, 24/7 Supermarket, and One Day Mini Mart
- Pharmacies – Community Pharmacy, Life Pharmacy, and DOCIB Pharmacy
- Medical Services – Dr. Freda Medical Centre
- Salons – Sass Beauty Lounge, Diplomat Gents Salon, and Gemini Beauty Lounge
- Schools – Grammar School Dubai and Dubai International School Garhoud
Payback
Culture Village is conveniently located between the Al Garhoud Bridge and the Business Bay Crossing, which links the area to Bur Dubai, Al Jaddaf, Downtown Dubai, and Business Bay. The neighbourhood offers good transport accessibility, as well as a well-developed infrastructure. As a result, real estate is in demand among investors.
Apartments can be purchased to subsequently rent out, and the average rental rate for a unit at the Pearl is AED 60,000 (USD 16,000), per year. Properties in the area have a return on investment rate of 6%, and the estimated payback period ranges from 15 to 20 years.
*The price is valid for 2021
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+971 4 428 6151
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36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
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