Capricorn Tower
About Capricorn Tower
(sq. ft.)
Capricorn Tower is a multifunctional 46-storey tower located on Sheikh Zayed Road. The project was implemented by Union Properties and was commissioned in 2003.
The first 19 floors consist of commercial premises, and the remaining floors have 90 two- to four-bedroom apartments, as well as several duplex penthouses.
Apartments have built-in wardrobes, panoramic windows, fully equipped kitchens, luxurious bathrooms, beautiful dressers, large dressing tables, and staff accommodations. The living room floors are finished with natural marble.
Penthouses feature closed-plan kitchens, five bathrooms, built-in wardrobes, offices, staff accommodations, and beautiful wooden spiral staircases.
The complex provides a variety of amenities and services, including:
- Semi-enclosed swimming pools located on the 45th floor
- Recreation area next to the pool
- Well-equipped gym
- Parking on the ground floor
- High-speed elevators that meet the highest safety standards
- Round-the-clock security and video surveillance
- Children’s playground and playroom
- Concierge services
- Fire extinguishing system
- Laundry
- Storerooms
- ATM
- Lobby for receiving visitors
- Conference rooms for business meetings
Two-bedroom apartments have a minimum size of 130 sq. m (1,400 sq. ft.). Three-bedroom duplex penthouses cover an area of 492 sq. m (5,300 sq. ft.).
Offices cover an area of 142 sq. m (1,532 sq. ft.) and are available to buy and rent.
Property Information
- Location Sheikh Zayed Road, Dubai, UAE
- Developer Union Properties
- Status of Project Ready
- Type of Project Residential Building
- Units 2-4BR Apartments
- Area from 1,400 sq. ft.
Location
Capricorn Tower is located on Sheikh Zayed Road, one of the city’s main highways, which provides direct routes to other parts of the emirate. Dubai International Financial Centre is situated across the street from the complex, and the Emirates Towers Metro Station is directly next door. Dubai International Airport can be reached within a 15-minute drive.
Residents can go shopping at Dubai Mall, one of the world’s most famous shopping centres, which is located within a five-minute drive of the tower. For groceries and household goods, residents can go to Choithrams Supermarket, which is situated within a 10‒minute walk, and Al Maya Supermarket can be reached within a five-minute walk. JSS Private School and Zabeel Health Center are located within a 10-minute drive.
Payback
Apartments on Sheikh Zayed Road are in-demand among expats and locals. The community offers a wide range of family-friendly facilities, excellent transport accessibility, easy access to cultural and business districts, and developed infrastructure. Residents have the ability to quickly get to the city’s most famous attractions.
Capricorn Tower offers many profitable real estate investment opportunities. Units can be purchased to subsequently rent out, which can generate a high passive income. The average return on investment rate for a property ranges from 6.8% to 7%, per annum.
Three-bedroom apartments are the most in-demand units. The annual rental rate for a two-bedroom apartment starts at AED 110,000 (USD 30,000), and the annual rental rate for an office starts at AED 168,000 (USD 45,000).
*The price is valid for 2021
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