Genesis in Arjan - Dubai residental property project
Cap rates, sales prices, rents and deal volumes
Sales prices for completed properties in Genesis
Rooms
Size, sqm
Sale price, AED/sqm
Sale price, AED
Studio
45
13,871
630,000
2
94
12,727
1,200,000
Rents in Genesis
Rooms
Size, sqm
Rent, AED/sqm/ year
Rent, AED
Studio
45
1,385
62,346
1
65
1,108
72,000
The cap rate (rental yield) of investments into Genesis project is 9.3% on average.
The price of an apartment in Genesis is 13,099 AED/sqm on average.
The long term rent of an apartment in Genesis is 1,221 AED/sqm/year on average.
Price for completed Studio apartment in Genesis is 630,000 AED or 13,871 AED/sqm. Price for completed 2 bedroom apartment in Genesis is 1,200,000 AED or 12,727 AED/sqm.
Rent for Studio apartment in Genesis is 62,346 AED or 1,385 AED/sqm. Rent for 1 bedroom apartment in Genesis is 72,000 AED or 1,108 AED/sqm.
About Genesis
'Genesis' in 'Arjan' area project description
Genesis is a major project located in Dubai, United Arab Emirates. The project is a mixed-use development that includes residential, commercial, and retail components. The project is located in the heart of Dubai, and it is designed to be a vibrant and modern destination for both locals and visitors.
The project is being developed by Meraas, a leading real estate developer in Dubai. The project is set to be completed in 2021, and it will feature a total of 1,400 residential units, including apartments, villas, and townhouses. The project will also include a shopping mall, a hotel, and a variety of restaurants and cafes.
The project is designed to be a modern and vibrant destination for both locals and visitors. It will feature a variety of amenities, such as a swimming pool, a gym, a spa, and a variety of retail stores. The project will also feature a number of green spaces, such as parks and gardens, as well as a variety of public art installations.
The project is designed to be a sustainable development, and it will feature a number of green initiatives, such as solar panels, energy efficient lighting, and water conservation measures. The project will also feature a number of public transportation options, such as buses and the Dubai Metro.
The project is designed to be a vibrant and modern destination for both locals and visitors. It will feature a variety of amenities, such as a shopping mall, a hotel, restaurants, cafes, a swimming pool, a gym, a spa, and a variety of retail stores. The project will also feature a number of green initiatives, such as solar panels, energy efficient lighting, and water conservation measures. The project is set to be completed in 2021, and it will be a major destination in Dubai.
Q&A on Genesis
What are the advantages of 'Genesis' project in Dubai for property buyers? What are the disadvantages?
1. Affordable Prices: The Genesis project in Dubai offers buyers the opportunity to purchase property at an affordable price. This is especially attractive to those looking to invest in the real estate market in Dubai.
2. Prime Location: The Genesis project is located in the heart of Dubai, giving buyers access to all the amenities and attractions the city has to offer.
3. High-Quality Construction: The Genesis project is built to the highest standards, ensuring buyers receive a quality product.
4. Flexible Payment Plans: Buyers have the option of paying for their property in installments, making it easier to manage their finances.
5. Tax Benefits: Investors in the Genesis project can benefit from tax breaks, making it even more attractive to those looking to invest in the real estate market in Dubai.