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Alwan Residence in Dubai Production City - Dubai residental property project

Cap rates, sales prices, rents and deal volumes




The cap rate (rental yield) of investments into Alwan Residence project is 8.2% on average.

The price of an apartment in Alwan Residence is 9,883 AED/sqm on average.

The long term rent of an apartment in Alwan Residence is 1,539 AED/sqm/year on average.

About Alwan Residence

'Alwan Residence' in 'Dubai Production City' area project description

Alwan Residence 1 is a modern residential building in Dubai Production City (IMPZ), part of the Lakeside Residence community, offering family-friendly apartments with contemporary designs.

The developer is Proline Engineering Consultants. It features an 11-storey structure with modern architecture, emphasizing spacious layouts suitable for various family sizes. Unit types include 2-bedroom apartments, alongside studios and 1-bedroom options in the broader Alwan Residence complex, which spans up to 22 storeys in the area.

Construction details indicate completion status, with the project listed as ready or handed over, though specific start and finish dates are not detailed beyond nearby projects completing around December 2024.

The layout provides ample parks, play areas, and community spaces, creating a tranquil atmosphere with minimal noise pollution. Apartments boast modern interiors, pet-friendly policies with designated areas, and secure access.

Amenities enhance daily living with a swimming pool, fully equipped gymnasium, children's play areas, landscaped gardens, and community gathering spots. Security includes 24/7 CCTV surveillance and controlled entry systems.

Located in Dubai Production City (IMPZ), also known as Me'aisem First in DubaiLand, it sits 0.7 km or 2 minutes' drive from the city center Me'aisem area, 43.8 km or 36 minutes' drive from Dubai International Airport (DXB), and about 28-30 minutes' drive from Al Maktoum International Airport. Proximity to business hubs and leisure spots like shopping centers, restaurants, and parks adds vibrancy. Public transport exists but is limited, with many residents preferring personal vehicles due to traffic during peak hours. To reach the beach, drive approximately 20-25 minutes via Sheikh Mohammed Bin Zayed Road (E311) toward Jumeirah Beach or Umm Suqeim Beach areas.

Nearby projects in Dubai Production City include:
- Lakeside Tower C (completed)
- Azizi Grand in Champions Towers (431 units, completed December 2024)
- Lakeside Tower D (off-plan)
- Lakeside Tower B (completed December 2014)
- Lago Vista B (completed)
- Lago Vista (900 units, completed December 2009)
- V2 (off-plan)
- Champions Tower 1 (completed)
- Frankfurt Tower (completed)
- Frankfurt Sports Tower (224 units, completed December 2016)

This setup offers a balanced lifestyle with excellent amenities, safety, and access to Dubai's dynamic surroundings, ideal for families and professionals seeking peace amid urban convenience.

Q&A on Alwan Residence

What are the closest medical clinics to 'Alwan Residence' project in Dubai?

- Mediclinic Me'aisem
- Right Health Medclinic, IMPZ
- Emirates Hospital Day Surgery & Medical Center, Motor City
- Al Zahra Hospital Dubai, Al Barsha
- NMC Royal Hospital, DIP
- Aster Clinic, Jumeirah Village Circle




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