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Mirage 3 Residence

Mirage 3 Residence

About the project

472,000 AED Starting Price from
108 Total Amount of Units
796 Area from
(sq. ft.)
Ready Handover

Mirage 3 Residence is a low-rise complex located in Dubai Silicon Oasis, an area known for its technology and innovation within the commercial sector. It is a so-called “city within a city,” and real estate is in demand among local and foreign investors. The project is owned by Hamshari Group Investment.

There are a total of 108 residential units including one- to three-bedroom apartments that are situated on 10 floors of the building. Properties range in size from 796 sq. ft. to 2,579 sq. ft. Apartments have sleeping areas with en-suite bathrooms and balcony access, as well as equipped kitchens. The larger apartments also have staff accommodations and laundry rooms.

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

  • High-speed panoramic elevators
  • Parking
  • Security with CCTV
  • 24-hour front desk
  • Large rooftop swimming pool with sun loungers
  • Fitness centre with modern equipment
  • Sauna
  • Children’s playground

One-bedroom apartments are the most popular units and have an average price of AED 472,000 (USD 128,500). Two-bedroom apartments have a starting price of AED 710,000 (USD 193,500), and three-bedroom apartments have a starting price of AED 1,000,000 (USD 272,500).

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Property Information

  • LocationDubai Silicon Oasis, Dubai, UAE
  • Status of Project Ready
  • Type of Project Residential Building
  • Units 1-3BR
  • Area from 796 sq. ft.
  • Total Amount of Units 108

Location

Dubai Silicon Oasis is located near Emirates Road, Sheikh Mohammed Bin Zayed Road, and Al Ain-Dubai Road, which provide residents with easy access to other parts of the emirate.

There are many leisure and social facilities situated within a 20-minute walk of the building, including:

  • Green Belt Supermarket
  • McDonald’s and KFC (across the street from the complex)
  • The Monk Chinese Restaurant
  • Public transportation stops
  • Kindergartens
  • GEMS Wellington, GEMS Modern Academy, and Kings School Nad Al Sheba
  • Aster Clinic, Magnum Gulf Medical Centre, and Medicure Clinic
  • Pharmacies
  • Target Gym and Fitness4Life
  • Beauty salons

The complex is located within a short drive of many popular destinations, including:

  • Choithrams Supermarket – 2 minutes
  • Frappy Cheerful Blend DSO and Copper Kettle Restaurant – 3 minutes
  • Subway and Plus Point Supermarket – 5 minutes
  • Fakeeh University Hospital in Academic City – 5 minutes
  • Dubai Miracle Garden – 20 minutes
  • Global Village – 20 minutes
  • Dubai Aquarium, the world’s largest indoor aquarium – 20 minutes
  • Jumeirah Beach – 25 minutes
  • Dubai International Airport – 30 minutes
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Payback

Mirage 3 Residence is situated in a community with good transport accessibility, and residents have easy access to educational institutions, attractions, and business centres. Dubai Silicon Oasis is one of the most popular areas of Dubai among real estate investors.

Properties can be purchased to subsequently rent out, which can generate a passive income. The annual rental rate for a one-bedroom apartment is approximately AED 44,000 (USD 12,000). The annual rental rate for a two-bedroom apartment is approximately AED 58,000 (USD 16,000), and the average annual rental rate for a three-bedroom apartment is AED 79,000 (USD 22,000).

Two-bedroom apartments have the highest return on investment rate of 7.9%. One-bedroom apartments have a return rate of 7.6%, and three-bedroom apartments have a rental rate of 7.5%.

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