Al Bustan Centre and Residence
About the project
(sq. ft.)
Al Bustan Centre and Residence is a multifunctional four-storey complex located in the Al Qusais district of Dubai. There are a total of 640 units including residential apartments and a shopping centre. The project was commissioned in 1997.
The complex provides a variety of amenities, including:
- Free parking
- High-speed elevators
- Back-up power generators
- 24-hour security with video surveillance
- Concierge services
- Lobby
- Club lounge for business meetings
- Fitness centre
- Steam room and sauna
- Swimming pool with a bar area
- Tennis court
- Retail stores on the first floor
- Nearby parks
Properties include studios and one- to two-bedroom apartments that range in size from 323 sq. ft (30 sq. m) to 969 sq. ft (90 sq. m). Studios feature seating areas and spaces for a king bed or two twin beds. Two-bedroom apartments have fully equipped kitchens, two bathrooms, and separate living and dining areas.
Units range in price from AED 420,000 (USD 114,300) to AED 950,000 (USD 258,600).
*The price is valid for 2021
Location
Al Bustan Centre and Residence is located in Al Qusais, one of Dubai’s oldest communities. The area boasts several cultural heritage centres and historical landmarks. Additionally, the area continues to be developed, which is due to its infrastructure and convenient transport links.
The nearest bus stop is situated within a two-minute walk of the apartments. There are several Metro stations located within a five-minute walk, such as Al Nahda, Sheikh Rashid Colony 1, and Stadium.
For groceries, Daily Mini Mart and New Ashkanany can be reached within walking distance of the complex.
Residents can take advantage of nearby nurseries and schools. Apple International School, the Westminster School, and Dubai Scholars Private School are located in the community, and Deira Montessori Nursery and World Nursery can be found in the neighbouring community of Al Twar.
Residents have access to a variety of local medical facilities, including:
- Sparkle Dental Care
- Thumbay Hospital
- Aster Clinic
There are several popular restaurants near the complex, such as Salkara, Grill Hut, and Sip & Dine.
Dubai International Airport can be reached within a 10-minute drive of the residences. The sandy beaches of Al Mamzar, as well as the Al Majaz waterfront, are situated within 15 minutes of the complex and offer water activities and events.
Payback
The Al Qusais area is conveniently located near Dubai International Airport. The area also offers affordable real estate situated near the centre of the metropolis.
Al Bustan Centre and Residence has properties with a return on investment rate of 6%. The average rental rate for a studio is AED 26,000 (USD 7,000), per year, and the annual rental rate for a two-bedroom apartment is AED 48,000 (USD 13,000). Given these figures, the payback period ranges from 17 to 22 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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