The Manhattan Residential
About the project
(sq. ft.)
The Manhattan Residential is a 17-storey residential complex located in Jumeirah Village Circle, Dubai (District 10). The project was developed by Al Fara’a Properties and was commissioned in 2011.
There are a total of 355 residential units, including studios and one- to three-bedroom apartments. Properties have fully equipped kitchens and modern bathrooms. Apartments feature living rooms and fitted wardrobes. Two- and three-bedroom apartments also have large terraces.
The complex provides a variety of amenities and services, including:
- Three levels of underground parking
- Street parking for guests
- High-speed lifts
- Service lifts
- 24-hour security
- Central air-conditioning
- Swimming pool with temperature controls
- Steam rooms and saunas
- Equipped gym
- Children’s playground
- Barbecue area
- Concierge services
Residential units range in size from 367 sq. ft. to 1,662 sq. ft. The average price for a studio is AED 450,000 (USD 123,000), and the average price for a three-bedroom apartment is AED 1,400,000 (USD 381,000).
*The price is valid for 2021
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Property Information
- Location Jumeirah Village Circle, Dubai, UAE
- Status of Project Ready
- Type of Project Residential Building
- Units Studios - 3BR. Apartments
- Area from 367 sq. ft.
- Total Amount of Units 355
Location
The nearest bus stop, Wester La Residencia, can be reached within a five-minute walk of the residences. Dubai International Airport is situated within a 30-minute drive.
The complex is located within walking distance of several social, commercial, and recreational facilities, including:
- Socialicious House of Asian Blends, Deccan Delight, Wide Range Restaurant, Lake View, and Bawarchi Indian Restaurant
- Viva Supermarket, All Day Minimart, and Spinneys
- JSS International School
- Kids World Nursery
- Right Health Karama Medical Center
- LIFE Pharmacy
- Prime Fitness Centre
The complex is also situated within a 10- to 15-minute drive of many popular destinations, including:
- Jebel Ali Racecourse, a track that regularly hosts horse racing events
- Circle Mall, a shopping centre with a variety of restaurants, recreational facilities, and stores featuring international brands
- Dubai Autodrome, a popular track that hosts international car races
Payback
Jumeirah Village Circle is one of Dubai’s most popular residential areas. It is home to many restaurants, supermarkets, hotels, parks, entertainment venues, and retail outlets. Residents have easy access to Al Khail Road and Sheikh Mohammed Bin Zayed Road, which provide direct routes to other parts of the emirate.
Properties at the Manhattan Residential have a return on investment rate of approximately 7%. The average annual rental rate for a studio is AED 33,000 (USD 9,000), and the maximum annual rental rate for a unit is AED 80,000 (USD 22,000). The estimated payback period on investments ranges from 15 to 18 years.
*The price is valid for 2021
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Metropolitan Premium Properties
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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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