Al Falak Residence
About the project
(sq. ft.)
Al Falak Residence is a nine-storey apartment complex located in Dubai Silicon Oasis, Dubai. The project was developed by Imperio Developers and was completed in December 2017.
There are a total of 96 residential units including one- to two-bedroom apartments. Properties are fully furnished and equipped with all of the necessary appliances. Balconies offer beautiful views of the Dubai Silicon Oasis Centre, and two-bedroom apartments feature spacious terraces.
The complex provides a variety of amenities and services, including:
- Nearby fitness centre with a state-of-the-art gym
- Swimming pools with temperature controls
- Landscaped garden
- Barbecue area
- Parking
- Two high-speed elevators for cargo and passengers
- Security and video surveillance
- Central air conditioning
- 24-hour maintenance services
- Indoor children’s playground
- Spacious lobby and reception area
- Access to Internet and satellite TV
- Pet-friendly accommodations
One-bedroom apartments have a minimum size of 64 sq. m (689 sq. ft.), and two-bedroom apartments have a minimum size of 97 sq. m (1,044 sq. ft.).
One-bedroom apartments have a starting price of AED 380,000 (USD 104,000).
*The price is valid for 2021
Property Information
- Location Dubai Silicon Oasis, Dubai, UAE
- Status of Project Ready
- Type of Project Residential Building
- Units 1-2BR
- Area from 689 sq. ft.
Location
Al Falak Residence is located at the intersection of Al Ain Road E66, Sheikh Mohammed Bin Zayed Road, and Emirates Road E611. Silicon Gates 2, La Vista Residence 6, and Ocean Residencia can be reached within a five- to 10-minute walk of the complex. The nearest bus stop, SIT Tower, is situated within a 15-minute walk, and the nearest Metro stations, Creek and Rashidiya, can be reached within 20 minutes.
Residents can choose from a selection of local restaurants and cafes. KFC, Manoushe Street, Cha Cha Cha, and Hungry Hut are located within a five-minute drive of the residences. For groceries and household goods, residents can shop at Plus Point, Spring
Green Park Supermarket, and West Zone Fresh, which can be reached within 10 to 15 minutes.
The complex is located within a short drive of several popular destinations, including:
- Silicon Park, Max Gym, and Border Pharmacy – 5 minutes
- Souq Extra, Galadari Motor Driving Centre – 10 minutes
- Cedre Shopping Centre – 10 minutes
Payback
The annual rental rate for a one-bedroom apartment is approximately AED 43,000 (USD 12,000), and the annual rental rate for a two-bedroom apartment is approximately AED 65,000 (USD 18,000). The most in-demand units to buy and rent are one-bedroom apartments.
Al Falak Residence offers many profitable real estate investment opportunities. Two-bedroom apartments in Dubai Silicon Oasis have a return on investment rate of 7.9%, and one-bedroom apartments have a return rate of 7.6%.
*The price is valid for 2021
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Metropolitan Premium Properties
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[email protected]
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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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