Nova Tower
About the project
(sq. ft.)
Nova Tower is an 11-storey residential complex located in Dubai Silicon Oasis, Dubai. The project was commissioned in 2016, and the architectural design was implemented by Khatib & Alami.
Nova Tower offers studios and one-bedroom apartments that range in size from 365 sq. ft. (34 sq. m) to 850 sq. ft. (79 sq. m). Residences feature combined living rooms and dining areas, bathrooms, open kitchens, and balconies.
Residents can enjoy a variety of amenities, including:
- Two levels of underground parking
- Swimming pool
- Fully equipped gym
- Several retail outlets
- Supermarket
- High-speed lifts
- 24-hour security and video surveillance
- 24-hour concierge services for residents and guests
Property Information
- Location Dubai Silicon Oasis, Dubai, UAE
- Status of Project Ready
- Type of Project Residential Building
- Units 1BR
- Area from 365 sq. ft.
Location
Nova Tower is located within a five-minute walk of Sheikh Mohammed Bin Zayed Road and Dubai Al Ain Road, which provide residents with easy access to other parts of the emirate via public transportation or private car.
The nearest bus stop, Avenue Mall 1, can be reached within one minute of the complex. The building is home to a Carrefour Supermarket located on the ground floor. Residents can also shop at other nearby supermarkets, such as Good Market, Time Plus Supermarket, and NAJI Supermarket, which are situated within a two-minute walk of the building. Residents can choose from a selection of local restaurants and cafes, including Al Humsani Restaurant, Grills & More, and Al Arrab Restaurant, which can be reached within a five-minute drive.
The nearest hospital, Nad Al Sheba Health Centre, is located within a 10-minute drive of the tower. GEMS Wellington Academy School can be reached within a five-minute drive, and Dubai International Airport is situated within a 20-minute drive.
The complex is located within 15 minutes of several popular attractions, including:
- Dragon Mart Shopping Mall
- Desert Palm Polo Club
- Dubai Outlet Mall
Payback
Dubai Silicon Oasis is one of Dubai’s fastest-growing areas. The community has a mix of residential complexes, commercial buildings, and entertainment venues. From here, residents can enjoy a quick commute to other parts of Dubai.
Nova Tower offers residential units that have a return on investment rate of approximately 6%. Investments can be recouped through the long-term rental market. The minimum annual rental rate for a studio is AED 23,000 (USD 6,000), and the maximum annual rental rate for an apartment is AED 36,000 (USD 10,000). The estimated payback period ranges from 15 to 20 years.
*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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