Azure Residences
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About the project
Azure Residences is a luxury residential complex being built at the eastern end of the Palm Jumeirah artificial island trunk in Dubai. The 12-story building by Nakheel PJSC has a property collection of 170 residential units. Construction of the complex began in 2013 and was completed in 2016.
Azure Residences features 1 and 2-bedroom apartments ranging in size from 80 square feet (861 sq. f.) to 187 square feet (2013 sq. f.). Each residence overlooks an island, the Arabian Gulf and Dubai skyline. Apartments have high quality finishes, with panoramic windows, balconies, and fully equipped kitchens and bathrooms. The Azure Residences property is sold off-plan, which implies the right to fully own the property.
Residents of Azure Residences are offered the following modern amenities:
- a private beach;
- a swimming pool;
- an equipped gym on the top floor;
- concierge services;
- a tennis court;
- a playground;
- a barbecue area;
- car parking;
- security and video surveillance;
- views of the Arabian Gulf and the skyline of Dubai.
Location
Azure Residences is located on the “trunk” of the artificial island Palm Jumeirah, namely on its eastern side. The infrastructure of this place includes a variety of entertainment facilities, catering establishments, sandy beaches, fashionable hotels, supermarkets and shopping malls. Residents on the island also have access to medical clinics, dentists and pharmacies.
Educational institutions and hospitals are located outside of Palm Jumeirah and can be reached by car within 20 minutes. The Choithrams chain supermarket is a 1-minute walk away from Azure Residences. Bus and streetcar stops are 6-10 minutes away and the nearest metro stations DAMAC, Nakheel or Dubai Internet City are about 12 minutes away.
The Azure Residences can be reached by car from:
- Aquaventure Waterpark in 10 minutes;
- DXB and Al Maktoum airports in 30 and 35 minutes;
- Burj Khalifa, Dubai Mall and Dubai Fountain in 20 minutes;
- Burj Al Arab in 15 minutes;
- Mall of the Emirates and Ibn Battuta Mall in 15 minutes;
- The Walk JBR and Marina Beach in 15 minutes.
Return on investment
Azure Residences offers all the amenities you need for a comfortable life on the coast. Its spacious residences appeal to investors as well as short and long-term tenants. Apartments with 1 bedroom vary in price from AED 1,850,000 (USD 473,000) to AED 2,400,000 (USD 613,000), and the annual rent for this type of housing can reach AED 135,000-155,000 (USD 33,000-40,000). ROI on investments in 1-bedroom apartments is 4, 7% in 2-bedroom apartments and in 3-bedroom apartments 8%.
*The price is valid for 2020
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Metropolitan Premium Properties
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[email protected]
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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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