Al Habbai Building
About the project
(sq. ft.)
Al Habbai Building is a 13-storey residential complex located in Dubai’s Al Karama district. The project is owned by Al Habbai Contracting Developers.
Properties include one- to two-bedroom apartments. The standard area for a one-bedroom property is 74 sq. m (800 sq. ft), and units include bedrooms with adjoining bathrooms, spacious balconies, open kitchens, and living rooms. The standard area for a two-bedroom apartment is 93 sq. m. (1,000 sq. ft), and units have bedrooms, built-in closets, bathrooms, balconies, kitchens, dining rooms, and living rooms.
Residents can enjoy a variety of amenities, including:
- Parking on the two basement floors
- Two high-speed elevators
- Gym
- Swimming pool
- Children’s playgrounds
- Concierge services
- Pet-friendly accommodations
Property prices vary depending on the size and configuration. Apartments have a starting price of AED 750,000 (USD 202,500).
*The price is valid for 2021
Location
Al Habbai Building is located near several bus stops and Metro stations, including stops at the American Hospital and Wafi City, which are situated within a two-minute walk. Lamcy Plaza stop can be reached within a five-minute walk. There are four Metro stations, Dubai Healthcare City, Al Jadaf, Al Jafiliya, and Dubai Creek, located within a six-minute walk.
Residents can take advantage of local restaurants. Sagar Ratna is situated within a three-minute walk of the complex and serves Indian and Chinese cuisines. Chiyang is located a bit further away and offers southern Chinese cuisine. Moreish, a Mediterranean restaurant, can be reached within seven minutes. Teatro, Ananta, and Fogo de Chão Brazilian Steakhouse are situated within 15 minutes.
For groceries, residents can go to Red Apple Supermarket, ZOOM, New West Zone Supermarket, and Al Madina Supermarket, which are located within six minutes of the residences.
Al Karama is a suitable neighbourhood for families with children. The area offers a wide range of educational facilities, including:
- Nurseries – Cambridgeshire, British Orchard, and Chubby Cheeks
- Schools – St Mary’s Catholic High School, Dubai Gem Private School, and GEMS Winchester School
- Higher education institutions – Al Dar University College and Canadian University Dubai
For medical services, residents can go to Rashid Hospital, Metropolitan Centre, Aster Clinic, Star Poly, and Lifeline.
The complex is located near many popular attractions, including:
- Zabeel Park, the first technology park in the region
- Dubai Fountain, one of the largest fountains in the city with jets that reach up to 170 metres
- Dubai Frame
Payback
The annual rental rate for a one-bedroom apartment at Al Habbai Building is AED 53,000 (USD 14,310), and two-bedroom apartments can be rented for AED 80,000 (USD 21,600). As a result, the complex offers many profitable real estate investment opportunities. The average return on investment rate is 6.2%, and the payback period for a property ranges from 14 to 15 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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