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Al Multaqa Avenue (Mirdif Hills) in Dubai

Name: Sales in Al Multaqa Avenue (Mirdif Hills) started!
Start: 2019-11-25T10:53:43.171467+00:00
End: 2023-12-31T23:59:59+0000
Location: Al Multaqa Avenue (Mirdif Hills)

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Project info

Object ID: 1546

Finished at	June 2020
Price, m²	From 1600$
Buy online	Details
Installment plan	no
Bank mortgage
Property type	Aparment building
Square	from 70.00 m²
Floors	4
Apartments	400
Condition	Black walls
Construction type	Monolyth
Security	Security
Conveniences	Parking Fitness Pool Kids playground Near school
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Return on investment for apartment

with price

10,110$

Rental income

1,103$

Management

689$

Utilities

505$

5% Income tax

7,813$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	22%	7	40$	280$
February	28	28%	8	40$	320$
March	31	16%	5	42$	210$
April	30	16%	5	50$	250$
May	31	38%	12	50$	600$
June	30	66%	20	55$	1100$
July	31	80%	25	90$	2250$
August	31	80%	25	90$	2250$
September	30	53%	16	75$	1200$
October	31	51%	16	50$	800$
November	30	33%	10	40$	400$
December	31	32%	10	45$	450$
Total	365		159		10110$
Average		42%		55$

Total invested

112,000$

Net profit

7,813$

Payback period

11.1 years

Avg property value increase per year

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About the project

Al Multaqa Avenue – A Benchmark for Comfort, Coziness, and Safe

Location

Al Multaqa Avenue is a new project in Dubai at Mirdif Hills, surrounded by charming villas and townhouses, as well as large shopping centers, including the most famous – Mirdif City Centre. The lack of huge business centers makes this area ideal for a comfortable family life.

What is around?

This resort area is famous for its picturesque central square and the plethora of premium restaurants and cafes, and retail points. There is a magnificent interactive playground for children; Playnation, while Aquaplay has a water slide. There is also lots of other entertainment inside the Mirdif City Centre. Mirdif Hills is covered in parks and other greenery.

Architecture

Al Multaqa Avenue is going to be a five-level structure with 400 units. The developers used the innovative Vertical Villas concept to add the futuristic but at the same time cozy look.

Amenities

Two swimming pools (for children and adults), a Jacuzzi and a fitness center is planned to be inside. The school and play area will be in the complex. Everything you need for study, rest, and entertainment will be here. Covered parking and the 24/7 security is the icing on the cake.

Road Junctions

Emirates Road and Al Aweer Road highways are located in this area. Dubai International Airport and the Al Rashidiya metro station are not far from the complex.

Apartments Inside

Apartments with one (from 75.10 to 99.30 sq ft), two (from 84.20 to 164.20 sq ft), and three bedrooms (from 213.40 to 213.40 sq ft) will be available. The interiors impress with the large spaces and the contemporary layouts full of light and air. The inner sources of ventilation and the well-equipped kitchen provide modernity and the feeling of home.

Developer

Founded in 2006, Dubai Investments Real Estate Company (DIRC) has demonstrated its capability to deliver high-quality residential, commercia…
Details about Dubai Investments Real Estate