Elz Residence in Arjan - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Elz Residence

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
Studio	36	14,532	530,000
1	64	12,591	810,000

Rents in Elz Residence

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
Studio	37	1,279	46,889

The cap rate (rental yield) of investments into Elz Residence project is 9.6% on average.

The price of an apartment in Elz Residence is 13,294 AED/sqm on average.

The long term rent of an apartment in Elz Residence is 1,279 AED/sqm/year on average.

Price for completed Studio apartment in Elz Residence is 530,000 AED or 14,532 AED/sqm.
Price for completed 1 bedroom apartment in Elz Residence is 810,000 AED or 12,591 AED/sqm.

Rent for Studio apartment in Elz Residence is 46,889 AED or 1,279 AED/sqm.

About Elz Residence

'Elz Residence' in 'Arjan' area project description

Elz Residence is an innovative residential project situated in the vibrant Arjan community of Dubai. Known for its strategic location and contemporary design, Elz Residence offers an ideal blend of modern living and convenience. Arjan itself is part of the larger Dubailand area, and it has quickly gained popularity due to its family-friendly environment, accessibility, and proximity to key landmarks.

Elz Residence is developed by Danube Properties, a well-known name in the UAE real estate market, distinguished for delivering high-quality projects on time. This particular development embodies their commitment to creating affordable luxury homes. The architecture of Elz Residence stands out with its sleek, modern lines and efficient use of space, providing residents with a comfortable and aesthetically pleasing living experience.

The project consists of studio, 1-bedroom, and 2-bedroom apartments. Each unit is designed to maximize space utilization while ensuring high levels of comfort and luxury. The interiors feature contemporary fittings and finishes, with smart layouts that allow for optimal use of natural light and ventilation. The kitchens are fully equipped with modern appliances, and the bathrooms are fitted with high-quality fixtures, ensuring a hassle-free lifestyle.

Elz Residence is designed to cater to a diverse range of residents, from single professionals to small families. The facilities within the development are extensive and geared towards enhancing the quality of life for its residents. These amenities include a state-of-the-art gymnasium, swimming pool, jogging track, landscaped gardens, children's play area, and a multi-purpose hall. This range of facilities ensures that residents have access to everything they need within the comfort of their community.

Security and convenience are also top priorities at Elz Residence. The development features 24-hour security with CCTV surveillance, as well as covered parking for residents. Additionally, it is conveniently located with easy access to major roads, making commutes to business hubs such as Dubai Media City, Dubai Internet City, and Downtown Dubai effortless.

The Arjan community itself offers a host of advantages. It is home to popular attractions like the Dubai Miracle Garden and Dubai Butterfly Garden, adding a touch of natural beauty and recreation. Arjan also houses various retail outlets, schools, medical facilities, and dining options, ensuring that all essential services are within reach.

With its strategic location, contemporary design, and comprehensive amenities, Elz Residence in Arjan stands out as an excellent choice for those looking to invest in Dubai's dynamic real estate market. It offers a balanced lifestyle, blending comfort, convenience, and luxury in one of the city's rapidly growing communities.

Q&A on Elz Residence

What are the advantages of 'Elz Residence' project in Dubai for property buyers? What are the disadvantages?

Advantages:

1. Location: Arjan is a rapidly developing area in Dubailand, close to key destinations like Dubai Miracle Garden, Mall of the Emirates, and Dubai Marina.
2. Affordability: Elz Residence generally offers more affordable pricing compared to other luxury areas in Dubai, making it attractive to first-time buyers and investors.
3. Amenities: The project usually includes modern amenities such as swimming pools, gyms, parks, and retail spaces, enhancing the living experience.
4. Investment Potential: With the ongoing development in Arjan, property values are expected to appreciate over time, making it a potentially profitable investment.
5. Quality of Construction: The developer is generally known for delivering quality projects, which provides added confidence to buyers.

Disadvantages:

1. Traffic and Accessibility: Arjan can experience significant traffic congestion during peak hours, affecting commutes and accessibility.
2. Construction Noise: Ongoing developments in the area might result in construction noise and disruptions, which could be inconvenient for residents.
3. Resale Market: Being a newer area, the resale market is still developing, which might pose challenges for those looking to sell their property quickly.
4. Public Transportation: The public transportation network in Arjan is not as well-established as in more central areas of Dubai, which might require reliance on private vehicles.
5. Privacy Concerns: Being part of a growing community, there might be less privacy compared to more established, low-density areas.

What projects are better than 'Elz Residence' project in Dubai which are located close by, and why?

MIRACLZ Tower by Danube: Offers fully furnished apartments with over 30 amenities including a health club, swimming pool, and kids' play area. Its proximity to Miracle Garden and easy access to major highways adds to its appeal.
Vincitore Palacio: Known for its luxurious finishes and boutique style, it features high-quality Italian fixtures, large balconies, and resort-style amenities like a temperature-controlled pool and fitness center.
Lincoln Park by Damac: This project boasts contemporary design inspired by Chicago architecture, along with modern amenities like a swimming pool, gym, and retail spaces on the ground floor.
Arjan Boulevard: Features aesthetically designed apartments and offers a more integrated urban living experience with retail outlets, food and beverage options, and landscaped outdoor areas.
Samana Greens: Focuses on eco-friendly living with a high emphasis on sustainability and green spaces, while also providing luxury amenities including a rooftop infinity pool and gym.
La Fontana di Trevi: Offers Italian-inspired architecture and design, with spacious apartments and amenities like courtyards, a well-equipped gym, and a swimming pool.

What are the closest schools to 'Elz Residence' project in Dubai?

1. Nord Anglia International School Dubai: Located in Al Barsha South, it is a short drive from Elz Residence.
2. GEMS Founders School: Situated in Al Barsha South, offering the National Curriculum for England.
3. Dubai Heights Academy: Located in Al Barsha South, providing a British education.
4. Safia School for Girls: Found in Al Barsha South 2, focusing on holistic education for girls.
5. Bloom World Academy: Based in Al Barsha South, offering a blend of modern and traditional education methods.

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

Medicentres, Motor City: Located in the First Avenue Mall in Motor City, approximately 10 minutes away from Arjan.

KidsFirst Medical Center: Situated in Al Manara, approximately 15 minutes away.

American Hospital Clinic, Dubai Media City: Found in Dubai Media City, about 20 minutes from Arjan.

Medcare Medical Centre, Jumeirah: Located on Jumeirah Beach Road, roughly 20 minutes away.

Your Health Clinic: Available in the Dubai Science Park, about 10 minutes from the Arjan area.