Park Terrace is a 12-storey residential complex located in the vibrant community of Dubai Silicon Oasis, an area that has an abundance of green spaces. The project was developed by Madison Holdings and was completed in 2009. The architectural design was implemented by the National Engineering Bureau.
Properties include studios and one- to two-bedroom apartments that are available to buy and rent. Units range in size from 452 sq. ft. to 1,452 sq. ft. Residences have floor-to-ceiling panoramic glazed windows that offer beautiful views of the surrounding area.
The building provides a variety of amenities and services, including:
Units range in price from AED 450,000 (USD 123,000) to AED 790,000 (USD 215,000).
*The price is valid for 2021
Park Terrace is located in a free economic zone with an industrial park and a developed commercial sector. The building is situated on Sheikh Zayed Bin Hamdan Al Nahyan Street. From there, residents can reach Al Ain-Dubai Road and Sheikh Mohammed Bin Zayed Road within a five-minute drive of the apartments.
Green Park Supermarket and J. Hopkins Medical & Cosmetic Centre are located next to the building, and the nearest bus stop, Silicon Oasis 2, is situated within a five-minute walk. The coastline, as well as the historic districts of Deira and Bur Dubai, can be reached within a 25-minute drive. Dubai International Airport is located within a 20-minute drive.
The complex is situated near many social, commercial, and leisure facilities, including:
The building is also located within a 10- to 20-minute drive of several popular destinations, including:
Properties at Park Terrace are suitable for young couples, families with children, students, and professionals working in the area. The complex offers many profitable investment opportunities. The annual rental rate for a residential unit ranges from AED 30,000 (USD 8,000) to AED 42,000 (USD 11,000), and studios and apartments in the area have an average return on investment rate of 7.8%.
*The price is valid for 2021
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