Veneto Phase 1
About the project
Veneto is a residential complex, part of the Dubai Waterfront community, which is located on the waterfront of Jebel Ali. The project was founded in 2008. The developer was the company Nakheel.
The complex is located on an island stretch of Dubai Waterfront in the Arabian Gulf harbor.The Veneto construction is divided into two phases, Phase 1 and Phase 2, which have common stylistic features but differ in quantity and type of buildings.
Veneto 1 features exclusive 3-bedroom townhouses as well as 3, 4, and 5-bedroom villas with outdoor rooftop terraces. A total of 1,400 housing units were built in this phase.
The main features of the residences are the functionality of the space, landscaped backyard and modern finish of the bedrooms.
Each villa features an equipped kitchen, walk-in closets, spacious bedrooms, private bathrooms, laundry room and maid’s quarters. Under the covered canopy on the first floor there is parking space for two cars.
Residences are located along the shoreline and have views of the Arabian Gulf and lush green areas.
For the comfort of residents there is 24-hour security and video surveillance, a swimming pool with recreation areas, cafes and restaurants, stores and supermarkets, a community center, gyms, jogging and bicycle paths, as well as playgrounds.
Villas start in size at 443 sq. m (4,768 sq. ft). Three-bedroom homes have a starting price of AED 3,300,000 (USD 898,461).
*The price is valid for 2020
Location
Al Hesah Street, which connects to Sheikh Zayed Road, offers easy access to every part of Dubai.
Al Maktoum International Airport is 55 minutes away.
The large Dubai Marina area is 20 minutes away by car.
Jebel Ali Golf, Resort Maktoum bin Rashid Palace, and Dubai Parks and Resorts are all within 30 minutes of Veneto.
The nearest mosque is Jebel Ali Mosque, 15 km from the community.
The Outlet Village and Jafza Commercial Centre shopping malls are a 15-20 minute walk away. Stores, entertainment areas, and playgrounds are available for visitors.
Cafes and restaurants located within the community can be reached in 10 minutes by car.
The nearest schools and developmental centers are Little Woods Nursery, Bubbles & Giggles Nursery, Bright Riders School, The International School of Choueifat, and Greenfield Community School.
Near the complex are located medical centers as well, including Aster Cedars Hospital, NMC Royal Hospital, and Armada Medical Centre.
Payback
The average return on investment in these villas, according to the latest figures, was 5.6%.
The average rent for a three-bedroom villa in Veneto 1 is AED 133,000 (USD 36,211) per year.
Therefore, it is possible to achieve a net income of AED 122,000 (USD 33,216) from an investment in these properties.
The annual maintenance of the villa costs AED 5,200 (USD 1,416), and there is a 5% property tax, AED 6,500 (USD 1,770).
Proximity to the bay, access to a private area and the ongoing development of local infrastructure will be the main criteria for increasing the value of housing in the Dubai housing market.
*The price is valid for 2020
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Metropolitan Premium Properties
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Internet City, Dubai, UAE
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