PIXEL in Abu Dhabi

Name: Sales in PIXEL started!
Start: 2022-06-07T07:44:44.643514+00:00
End: 2023-12-31T23:59:59+0000
Location: PIXEL

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Project info

Object ID: 20446

Finished at	September 2023
Price, m²	From 4600$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 75.00 m²
Floors	16
Apartments	525
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Underground parking Fitness Pool Commercial area Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Return on investment for apartment

with price

10,605$

Rental income

1,103$

Management

689$

Utilities

530$

5% Income tax

8,283$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	50$	250$
February	28	21%	6	50$	300$
March	31	16%	5	55$	275$
April	30	16%	5	60$	300$
May	31	32%	10	60$	600$
June	30	60%	18	70$	1260$
July	31	80%	25	95$	2375$
August	31	80%	25	100$	2500$
September	30	46%	14	75$	1050$
October	31	45%	14	60$	840$
November	30	30%	9	50$	450$
December	31	29%	9	45$	405$
Total	365		145		10605$
Average		39%		64$

Total invested

345,000$

Net profit

8,283$

Payback period

32.5 years

Avg property value increase per year

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About the project

Pixel, an 85,000-square-metre mixed-use development in Abu Dhabi, features 525 apartments, shops, offices, and amenities situated around a lively communal plaza. The design enables a lifestyle based around outdoor living and community spirit – an innovative approach in the Emirates.

Pixel is the first project under construction in Makers District, a new development on Abu Dhabi’s Reem Island that is billed by developer IMKAN as the new heart of Abu Dhabi, providing a creative counterpart to the city’s cultural hub on the nearby Saadiyat Island. Capitalising on the innovative, cosmopolitan spirit of Makers District, Pixel is envisioned as a development which embraces the outdoors and creates a sense of community, deviating from the prevalent typology in the United Arab Emirates of disconnected towers.

The development comprises seven compact mid-rise towers of varying heights for optimized views and shading, which are pushed to the edges of the site to create a central plaza in between. The outward-facing façades of these towers are simple, enriched with a 3D graphic pattern, but it is the façades facing the central plaza that truly bring the development to life; near the base of each tower, these façades “break down” into formations of balconies and bay windows, perfect for engaging with the lively plaza below and for embracing an outdoor lifestyle during the cooler months of the year. These balconies are further shaded by ceramic screens which, in a nod to Abu Dhabi’s pearl diving heritage, are given a shimmering pearlescent finish. These screens also adorn a number of matching pavilions which MVRDV positioned in the central plaza to provide extra shade.

Developer

MVRDV was founded in 1993 by Winy Maas, Jacob van Rijs and Nathalie de Vries. Based in Rotterdam, the Netherlands, we have a global scope, p…
Details about MVRDV