One Park Avenue

One Park Avenue is an apartment complex in Sobha Hartland Community. It is located in the Mohammed Bin Rashid City neighborhood. The project will be launched in 2019. The development and construction is being done by Sobha Realty. The facility will be commissioned in April 2023.

The 28-story One Park Avenue building will contain 403 residential units. There will be apartments with 1 to 4 bedrooms, with balconies, and equipped with kitchens and built-in closets.

For a comfortable stay technology will be implemented to create a “smart home” with automatic sensors. Residents of the complex will have access to 24-hour security and video surveillance, underground parking with charging stations for electric cars, a modern gym and swimming pool, technological facades with noise reduction to ensure quietness in the apartments, outdoor recreation areas, and stores.

A special feature of the project will be the Sky Gardens, which are located in the center of the building on floors 10, 14 and 18. They are specially designed by PNC Architects for One Park Avenue.

The architectural style of the building is based on modern technology and brevity. The tower overlooks Dubai Creek and Ras Al Khor reserve, the attractions of the area and the city center.

Apartments at One Park Avenue start at 68.7 sq. m (739 sq. ft). One bedroom units cost approximately AED 1,700,000 (USD 462).

Return on investment for apartments in Mohammed Bin Rashid City is 4.92%.

The annual rent for a one-bedroom apartment in One Park Avenue is AED 40,000 (USD 10,890). The expected net income is AED 30,000 (USD 8,167) per year.

The location in a modern neighborhood, well-developed infrastructure and good transport links are advantages that will increase the value of housing in One Park Avenue on the market in the coming years.