Ghaya Residence
About Ghaya Residence
(sq. ft.)
Ghaya Residence is an upscale residential skyscraper located on Sheikh Zayed Road, Dubai. The project was developed by Al Tayer Real Estate, and the building’s construction was completed in 1997. It is one of the city’s tallest residential skyscrapers.
Properties include two- to four-bedroom apartments that are available to buy and rent. Units have beautiful polished marble finishes, balconies with stunning views of the surrounding area, and spacious kitchens with modern appliances. Apartments also feature large built-in wardrobes, bathrooms with huge bathtubs and showers, small pantries, laundry areas, and staff accommodations. Housekeeping services are provided twice a week.
The building offers a variety of amenities and services, including:
- Parking with allocated spaces for each residential unit
- Concierge services
- High-speed elevators
- Round-the-clock security and video surveillance
- Concierge services
- Indoor swimming pool
- Gym
- Children’s play area
- Luxurious lobby
Two-bedroom apartments have a starting price of 122 sq.m (1,314 sq. ft.).
Property Information
- Location Sheikh Zayed Road, Dubai, UAE
- Status of Project Ready
- Type of Project Residential Building
- Units 2-4BR Apartments
- Area from 1,314 sq. ft.
Location
Ghaya Residence is conveniently located on Sheikh Zayed Road, one of the most important highways in Dubai, which provides easy access to other parts of the emirates. The nearest public transportation stop, Emirates Tower MS Landside, is situated right next to the complex. The World Trade Center can be reached within a 10-minute drive.
Petals Restaurant is located within a five-minute walk of the residences and offers tasty fusion cuisine. Gazebo, an Indian restaurant, is situated within a 10-minute walk. Dubai Mall can be reached within a 10-minute drive. The nearest beach, Mercato Beach, is located within a 15-minute drive. Ras Al Khor Nature Reserve is also situated within a 15-minute drive and features a popular spot to view flamingos in their natural habitat.
Residents can take advantage of local educational institutions and medical centres. Odyssey Nursery Sheikh Zayed Road Kindergarten, JSS Private School, and Medcare can be reached within a 10-minute drive. Dubai International Airport is located within a 15-minute drive.
Payback
Real estate located along Sheikh Zayed Road is very popular among locals and foreigners. Rental units are in demand due to the area’s excellent transport network, developed infrastructure, and proximity to the main business districts and famous attractions of Dubai.
Apartments on Sheikh Zayed Road offer many profitable investment opportunities. Units have a return on investment rate that can reach up to 7.4%, per annum. Properties are considered to have high liquidity, which means they can be sold easily.
Two-bedroom apartments are the most in-demand units for rent and sale and have an annual rental rate that starts at AED 109,000 (USD 30,000).
*The price is valid for 2021
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Metropolitan Premium Properties
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