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S.P. Residences

About the project S.P. Residences

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S.P. Residences is an eight-storey residential complex located in Dubai International City Phase 2. The project was developed by Shapoorji Pallonji. There are 70 residential units, including studios and one- to two-bedroom apartments that have a minimum size of 431 sq. ft. Properties feature spacious floor plans and large balconies.

The complex provides a variety of amenities and services, including:

  • Underground parking
  • Two high-speed lifts
  • 24-hour security and CCTV
  • Central air conditioning
  • Fully equipped gym
  • Swimming pool
  • Steam room
  • Children’s playground
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Property Information

Location

S.P. Residences is located within a five-minute drive of Sheikh Mohammed Bin Zayed Road, one of the city’s main thoroughfares, which allows for easy access to other parts of the emirate. The nearest bus stop, Avon Residence, can be reached within a 15-minute walk of the residences and serves the 17, X13, and X28 bus lines.

The building is situated near several social and leisure facilities, including:

  • Mustang Restaurant, the Chef’s Line, Box Falafel, and Grill Burg
  • Naz Supermarket, Happy Families, and Obeidat Supermarket
  • Shaklan Hypermarket
  • Souq Warsan Shopping Centre
  • Kings’ School Nad Al Sheba and Repton School
  • Sunny Bunny Nursery
  • iCare Multi-Specialty Clinic
  • Plant World Nursery

Dubai International Airport is located within a 20-minute drive of the apartments. Many of the city’s most famous attractions can be reached via public transportation within an hour. Al Maktoum International Airport is situated within a 40-minute drive.

The complex is located within a 10- to 25-minute drive of many popular destinations, including:

  • Dragon Mart, a popular shopping mall that sells Chinese goods
  • Ras Al Khor Wildlife Sanctuary, a wildlife sanctuary that is home to various species of animals and birds
  • IMG Worlds of Adventure, the world’s largest theme park
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Payback

Dubai International City is considered to be one of the most affordable parts of the city in terms of real estate costs. The area is home to many public areas, lakes, shopping centres, educational institutions, and other social facilities. Residents can also enjoy a relaxed lifestyle that is set away from the bustling metropolis.

Properties at S.P. Residences have an average annual rental rate of AED 38,000 (USD 10,000). As a result, studios and apartments are in demand among remnants and investors. Units have a return on investment rate that ranges from 7% to 7.5%, depending on the type of property. The estimated payback period ranges from 13 to 18 years.

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