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:
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 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:
The complex is also situated within a 10- to 15-minute drive of many popular destinations, including:
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.
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