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Turia Riverside Residence

About the project

Turia Riverside Residence is an apartment complex which is part of the The Views community located in the prestigious area of Emirates Living. The complex was designed and built by Emaar Properties. The construction was completed in 2006.

The complex consists of two buildings: Turia Tower A and Tower B with 9 floors and 5 floors respectively.

In Turia Riverside Residence exclusive apartments with 1, 2, 3 bedrooms are presented. A total of 172 residential units are available.

The apartments each have a modern equipped kitchen, built-in closets, a laundry room and a walk-in closet, centralized heating and air conditioning, as well as a terrace.

From the apartments there are views of landscaped gardens, water reservoirs, the golf course and other attractions in the area.

For the comfort of residents there is 24 hour security and video surveillance, a gym and swimming pool, high-speed elevators, a play area, a barbecue area, a restaurant and cafe on the first floor, a concierge and customer service, a hall for small events, and indoor parking.

The private landscaped grounds offer recreational facilities, walking and biking paths.

The architectural style of the complex is restrained classical. Building facades are finished in pastel colors, and natural materials are used in the finish of the apartments.

The size of each residence starts from 83.6 sq. m (900 sq. ft). One-bedroom apartments start in price from AED 1,300,000 (USD 353,925).

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Location

It takes 3-4 minutes by car to reach First Al Khail Road which connects to Sheikh Zayed Road. This provides links to all parts of the city.

Dubai International Airport is 24 minutes away and the new Al Maktoum Airport is 33 minutes away.

The new residential complex, The Greens, is a 5 minute walk away. There are entertainment areas, sports and leisure facilities and parks there.

The major golf club, Emirates Golf Club, is a 10-minute walk.

Jebel Ali Racecourse is just a 15-minute drive away.

The 5-star Address Montgomerie is a 9-minute walk away.

Near the complex there are supermarkets and pharmacies, expensive restaurants and cafes.

Central Dubai Downtown Dubai and Business Bay are a 20-minute drive away.

Nearby schools and development centers include Jumeirah International Nursery and Gardenia Nursery, and Regent International Private School.

Nearby medical centers include Al Zahra Hospital, Saudi German Hospital, and GMC Clinics Centre.

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Payback

The return on investment in apartments is on average 6.97%.

The rent for one-bedroom apartments is AED 90,000 (USD 24,502) per year.

Therefore net income can be up to AED 81,000 (USD 22,052).

The annual maintenance of the apartment costs AED 2,500 (USD 680.6), and there is a 5% property tax amounting to around AED 4,500 (USD 1,225).

The quiet secluded area, well-developed infrastructure and high levels of comfort of these apartments will be the main criteria attracting buyers to the purchase of real estate in Turia Riverside Residence.

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