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KOA Canvas in Living Legends - Dubai residental property project

Cap rates, sales prices, rents and deal volumes



Rents in KOA Canvas

RoomsSize, sqmRent, AED/sqm/ yearRent, AED
19658556,000
211555964,000

The cap rate (rental yield) of investments into KOA Canvas project is 2.9% on average.

The price of an apartment in KOA Canvas is 20,930 AED/sqm on average.

Rent in KOA Canvas is 0 AED/sqm/year on average for long term rent of an apartment.

Rent for 1 bedroom apartment in KOA Canvas is 56,000 AED or 585 AED/sqm.
Rent for 2 bedroom apartment in KOA Canvas is 64,000 AED or 559 AED/sqm.

About KOA Canvas

'KOA Canvas' in 'Living Legends' area project description

The KOA Canvas project is a distinctive residential development located in the Living Legends area of Dubai. Renowned for its innovative architecture and emphasis on community living, KOA Canvas sets itself apart in the bustling Dubai real estate landscape. The project brings together modern design, sustainability principles, and a commitment to creating vibrant social spaces, making it a standout choice for contemporary urban dwellers.

Nestled within the serene and green expanse of the Living Legends community, KOA Canvas offers a harmonious blend of nature and sophisticated urban living. The development comprises a series of low-rise buildings characterized by their minimalist aesthetics and extensive use of natural materials, such as wood and stone. This design philosophy not only enhances the visual appeal but also promotes a sense of tranquility and connection to the environment.

KOA Canvas features a variety of residential options, including studios, one-bedroom, two-bedroom, and three-bedroom apartments, catering to a wide range of preferences and lifestyles. The spacious units are equipped with high-end finishes, state-of-the-art appliances, and floor-to-ceiling windows that flood the interiors with natural light and provide stunning views of the surrounding greenery.

A key element of KOA Canvas is its focus on fostering a sense of community among residents. The development boasts an array of shared amenities designed to encourage interaction and socializing. These include beautifully landscaped gardens, outdoor lounges, and communal workspaces. Residents can also take advantage of a fully equipped fitness center, a swimming pool, and a variety of recreational facilities, promoting a healthy and active lifestyle.

In addition to its residential offerings, KOA Canvas is home to an eclectic mix of retail and dining options. The development's commercial spaces are designed to support local businesses and provide residents with convenient access to a diverse range of shops, cafes, and restaurants. This integration of residential and commercial spaces helps to create a self-sustaining community where residents can live, work, and play without needing to travel far.

Sustainability is a core principle of KOA Canvas, with the development incorporating numerous eco-friendly features. The buildings are designed to be energy-efficient, with smart home technologies and environmentally conscious construction methods. Additionally, the extensive green spaces and the use of native plants in landscaping contribute to the project's overall sustainability goals.

Located in close proximity to key Dubai landmarks, such as the Al Barari community and the Dubai Autodrome, KOA Canvas offers both tranquility and accessibility. Residents can enjoy the peaceful atmosphere of the Living Legends area while being just a short drive away from the city's vibrant commercial and entertainment hubs.

In summary, KOA Canvas in the Living Legends area presents a unique residential experience that blends modern design, community-centric living, and sustainability. It stands as a testament to innovative urban development in Dubai, providing residents with a harmonious and enriching living environment.

Q&A on KOA Canvas

What are the advantages of 'KOA Canvas' project in Dubai for property buyers? What are the disadvantages?

Advantages:
1. Unique Design: KOA Canvas stands out with its modern, artistic architectural design, catering to a niche market of buyers looking for something different from the typical residential projects in Dubai.
2. Premium Amenities: It offers luxury amenities such as landscaped gardens, swimming pools, fitness centers, and dedicated workspaces, enhancing the living experience.
3. Community Feel: Designed to foster a sense of community, it includes shared spaces like art galleries and event areas, fostering a vibrant living environment.
4. Location: Situated in the Living Legends area, it provides good connectivity to key areas of Dubai, including Downtown Dubai, Dubai Marina, and major highways like Sheikh Mohammed Bin Zayed Road.
5. High-Quality Finishes: The project emphasizes high-quality construction and interior finishes, offering long-term value for property buyers.
6. Sustainable Living: Incorporates eco-friendly features such as efficient lighting, water-saving fixtures, and green building practices, appealing to environmentally conscious buyers.
7. Investment Potential: Unique and niche projects like KOA Canvas often have good appreciation potential, making it an attractive investment proposition.

Disadvantages:
1. Price Point: The premium design and amenities come at a higher price point compared to more conventional residential projects, which may be a deterrent for some buyers.
2. Target Audience: Given its unique, artistic style, it caters to a niche market and might not appeal to traditional property buyers.
3. Maintenance Costs: High-end amenities and luxury features can lead to higher maintenance fees, impacting ongoing costs for owners.
4. Development Surroundings: The Living Legends area, while developing, may still lack some of the mature infrastructure and facilities found in more established communities.
5. Market Specifics: If the real estate market sees a downturn, niche projects can sometimes be more volatile in terms of price stability and demand.
6. Rental Potential: While unique properties can command higher rents, they may also experience longer vacancy periods depending on market demand.

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

Here are some projects in the Living Legends area that may be considered superior to KOA Canvas:

1. Villanova by Dubai Properties:
- Master-Planned Community: Features a wide range of amenities for families, including parks, playgrounds, and community centers.
- Variety of Property Types: Offers a mix of townhouses and villas, catering to different family sizes and budgets.
- Quality of Build: Known for high-quality construction and modern design elements.
- Accessibility: Conveniently located near major highways, making it easy to travel to other parts of Dubai.

2. Arabian Ranches by Emaar:
- Reputation: Developed by Emaar, a leading developer in Dubai with a strong track record for quality and timely delivery.
- Amenities: Includes golf courses, equestrian centers, retail outlets, restaurants, and top-tier schools.
- Community Feel: Designed to foster a strong sense of community with a variety of social and recreational activities.
- Longevity: One of Dubai's most established communities, ensuring long-term investment stability.

3. Mudon by Dubai Properties:
- Family-Oriented: Focuses on family living with schools, nurseries, and ample green spaces.
- Amenities: Features a community center, sports courts, pools, and extensive walking and cycling paths.
- Quality of Life: Offers a quieter, suburban lifestyle within a gated community.
- Proximity: Located close to key areas like Motor City, providing additional retail and dining options.

4. DAMAC Hills:
- Luxury Focus: Known for its upscale offerings including Trump International Golf Club Dubai.
- Comprehensive Facilities: Offers a range of amenities such as shopping arcade, supermarkets, and dining.
- Variety of Residences: Includes apartments, townhouses, and luxury villas, with high-quality finishes and contemporary styles.
- Green Spaces: Features extensive parks and lakes, enhancing the quality of life.

5. Serena by Dubai Properties:
- Affordable Luxury: Balances high-end amenities with more affordable pricing compared to other luxury communities.
- Community Amenities: Includes parks, jogging and cycling tracks, retail options, and community pools.
- Design: Inspired by Mediterranean architecture, giving it a unique aesthetic.
- Functionality: Includes spacious layouts ideal for families, with practical living spaces.

Evaluating these alternatives involves considering factors such as reputation, amenities, location, quality of construction, and community design.

What are the closest schools to 'KOA Canvas' project in Dubai?

GEMS Wellington Academy - Al Khail: Located approximately 10 minutes away from KOA Canvas, in Al Khail. It offers a British curriculum from FS1 to Year 13.

GEMS Heritage Indian School: Situated about 15 minutes away in Al Barsha South, this school follows the CBSE curriculum.

Nord Anglia International School Dubai: Around 20 minutes away, located in Al Barsha, offering an international curriculum including IGCSE and IB Diploma.

Dubai British School - Emirates Hills: Approximately 20 minutes drive, in the Emirates Hills community. It offers the British curriculum from FS1 to Year 13.

Kings' School Al Barsha: Located about 20 minutes away, offering the British curriculum from FS1 to Year 13, situated in Al Barsha South.

Foremarke School Dubai: Roughly 20 minutes drive, located in Dubai Science Park, offering the British curriculum.

These schools vary in curriculum and cater to different educational needs, providing a range of options for families living in the KOA Canvas project.

What are the closest medical clinics to 'KOA Canvas' project in Dubai?

1. Mediclinic Arabian Ranches: Located in The Retail Centre, Arabian Ranches, Al Qudra Road, Dubai.
2. Aster Clinic, Arabian Ranches 2: Located in The Ranches Souk, Al Qudra Road, Arabian Ranches 2, Dubai.
3. Medcare Medical Centre, Motor City: Located in First Avenue Mall, Motor City, Dubai.
4. Emirates Hospital Day Surgery and Medical Center, Motor City: Located in Detroit House, Motor City, Dubai.
5. Dubai London Clinic, Dubai Silicon Oasis: Located in Cedre Shopping Centre, Dubai Silicon Oasis, Dubai.




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