Real Estate Investment Projects in Dubai - Murano Residences
New Project: Murano Residences – in the heart of New Dubai
Engel & Völkers has been appointed as an exclusive agency by Ghreiwati Property Development (GPD) to market and sell Murano Residences, stylish contemporary apartments in Al Furjan, in the heart of New Dubai.
Overview: Exclusive Apartments to Buy
Murano Residences represents an inspired community of modern, sophisticated homes in the heart of New Dubai. Taking their name from the elegant Venetian art of glass making, the Murano Towers are synonymous with art and culture and like the world-famous Murano glassware, the contemporary residences are precious, unique and stylish. Now 114 apartments in Murano Residences are available to buy.
Inspired by the skilled Venetian glass makers, the developers of these stunning new residences have used this unique art form to create luxury homes that are as beautiful as they are special. The vibrant glass facades of the Murano towers celebrate Italian elegance and art, setting the tone for more sophistication inside. Engel & Voelkers helps to buy an apartment in those stunning towers.
Location: Al Furjan, Dubai
Al Furjan is home to first-rate facilities and services built for a world-class community, including mosques, landscaped gardens, outdoor sports facilities, several international schools, hospitals, retail centers and the Al Furjan Shopping Center.
Murano Residences offers easy access to Dubai’s other prominent areas, attractions and establishments, including business districts, luxury shopping malls and beautiful beaches. It is only 15 minutes from the Al Maktoum International Airport and 35 minutes from Dubai International Airport, making travel convenient and stress-free.
The new Al Furjan neighborhood is set to become even more accessible with RTA’s exciting ‘Route 2020’ project. Dubai’s new metro route connects Marina and Nakheel Harbor and Tower Metro Station to the site of Expo 2020, passing the Al Furjan neighborhood on the way. Not only does this route add enormous convenience, but it also increases the value of each Murano residence. The metro station is only 900m away.
Amenities: Murano Residences, Al Furjan, Dubai
Murano Residences provide a tranquil setting for families to spend quality time together. Parents can relax in the knowledge that children are well catered for, with kid-friendly facilities such as an indoor and outdoor play area as well as a children’s pool. There is a large swimming pool and a ladies and gentlemen gym.
A private function room with a lavish interior can also be booked for intimate celebrations among loved ones or for entertaining non-resident guests.
Material used/Quality of the Apartments
Each residence features spacious living areas and modern open kitchens. With state-of-the-art finishes, while the contemporary elegance of the furnishings and fittings brings style and convenience to every day lives.
High-ceilinged living rooms (3.20m) are spacious and elegant, with a contemporary artistic feel and oversized windows featuring stunning views.
Apartment Sizes and Prices in Murano Residences, Al Furjan, Dubai
Tower I consists of 114 apartments which are available to buy. There is the choice to buy properties of different floor plans: two 3-bedrooms apartments, 14 two bedroom apartments and 98 one bedroom apartments. The sizes of apartments to buy range from 535 sqft for a compact one bedroom to massive 3,180 sqft for a spacious three bedroom apartment. Prices start at AED 625,777.
Payment Plan and Investment Rationale
The home owner pays 40% during construction and 24% at handover of the apartment. This is the time when ADIB (Abu Dhabi Islamic Bank) will provide finance for the project. Therefore, only 64% of the purchase price needs to be paid before moving into the apartment or renting it out. The balance of the purchase price is paid over 3 years post handover at a rate of 1% per month. This is a real financial benefit for investors. It makes the purchase of the property more accessible and provides investors with an above average return. We predict that the units will produce a rental return of between 12% and 15% in the first year after handover, plus capital appreciation.