Faraidooni Building
About the project
(sq. ft.)
Faraidooni Building is a nine-storey residential complex located in Dubai Silicon Oasis, Dubai. The development is conveniently located near many supermarkets, restaurants, schools, pharmacies, hospitals, and leisure areas.
Properties include one- to two-bedroom apartments that range in size from 950 sq. ft. (82 sq. m) to 1,250 sq. ft. (116 sq. m). Units feature spacious living rooms, kitchens, and bedrooms with ensuite bathrooms.
Residents can enjoy a variety of amenities, including:
- Underground parking with room for at least one car per unit
- Separate gyms for men and women
- Swimming pool
- Jacuzzi
- Sauna
- High-speed lifts
- 24-hour security services
- Concierge services
Property Information
- Location Dubai Silicon Oasis, Dubai, UAE
- Status of Project Ready
- Type of Project Residential Building
- Units 1-2BR
- Area from 950 sq. ft.
Location
Faraidooni Building is located within a five-minute drive of Sheikh Mohammed Bin Zayed Road, one of Dubai’s main highways, which provides residents with easy access to other parts of the emirate via public transportation and private car.
The nearest restaurants, Frappy and Me Falafel, can be reached within a 10-minute walk of the residences. For groceries, residents can shop at Grandiose, Green Park, and Timeplus, which are situated within 10 minutes of the complex.
For medical services, residents can go to Axon Medica Poly Clinic and Life Pharmacy, which are located within a 10-minute walk of the building. The nearest schools, GEMS Wellington Academy, Dubai English Speaking College, and Academic City Campus, can be reached within a five-minute drive.
The complex is situated within 20 minutes of several popular attractions, including:
- IMG Worlds of Adventure
- Global Village
- Dubai International Airport
- Dubai Safari Park
Payback
Dubai Silicon Oasis is a free economic zone, which attracts technology companies from around the world. It was created as a counterpart to the world-famous Silicon Valley. As a result, local real estate is very popular among professionals working in the area.
Given the high demand for housing, Faraidooni Building offers properties that have a return on investment rate of approximately 6%. Annual rental rates range from AED 37,000 (USD 10,000) to AED 58,000 (USD 16,000), and estimated payback periods range from 17 to 20 years.
*The price is valid for 2021
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