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Midtown - Afnan in Dubai Production City - Dubai residental property project
Cap rates, sales prices, rents and deal volumes
Sales prices for off-plan (pre registration and delayed sell) properties in Midtown - Afnan
| Rooms | Size, sqm | Sale price, AED/sqm | Sale price, AED |
|---|---|---|---|
| Studio | 41 | 11,719 | 480,000 |
| 1 | 59 | 12,568 | 740,000 |
| 2 | 99 | 12,779 | 1,262,500 |
Sales prices for completed properties in Midtown - Afnan
| Rooms | Size, sqm | Sale price, AED/sqm | Sale price, AED |
|---|---|---|---|
| Studio | 40 | 13,078 | 526,667 |
| 1 | 54 | 12,276 | 668,802 |
| 2 | 94 | 13,242 | 1,245,000 |
Rents in Midtown - Afnan
| Rooms | Size, sqm | Rent, AED/sqm/ year | Rent, AED |
|---|---|---|---|
| Studio | 40 | 1,188 | 47,500 |
| 1 | 63 | 950 | 60,040 |
| 2 | 101 | 990 | 100,000 |
The cap rate (rental yield) of investments into Midtown - Afnan project is 8.1% on average.
The price of an apartment in Midtown - Afnan is 12,707 AED/sqm on average.
The long term rent of an apartment in Midtown - Afnan is 995 AED/sqm/year on average.
Price for off-plan Studio apartment in Midtown - Afnan is 480,000 AED or 11,719 AED/sqm.
Price for off-plan 1 bedroom apartment in Midtown - Afnan is 740,000 AED or 12,568 AED/sqm.
Price for off-plan 2 bedroom apartment in Midtown - Afnan is 1,262,500 AED or 12,779 AED/sqm.
Price for completed Studio apartment in Midtown - Afnan is 526,667 AED or 13,078 AED/sqm.
Price for completed 1 bedroom apartment in Midtown - Afnan is 668,802 AED or 12,276 AED/sqm.
Price for completed 2 bedroom apartment in Midtown - Afnan is 1,245,000 AED or 13,242 AED/sqm.
Rent for Studio apartment in Midtown - Afnan is 47,500 AED or 1,188 AED/sqm.
Rent for 1 bedroom apartment in Midtown - Afnan is 60,040 AED or 950 AED/sqm.
Rent for 2 bedroom apartment in Midtown - Afnan is 100,000 AED or 990 AED/sqm.
About Midtown - Afnan
'Midtown - Afnan' in 'Dubai Production City' area project description
Midtown - Afnan is a residential project located in the heart of Dubai, in the Al Barsha area. The project is a joint venture between the Afnan Group and the Midtown Group, two of the leading real estate developers in the region.
The project consists of two residential towers, each with a total of 18 floors. The towers are connected by a podium, which houses a variety of amenities, including a swimming pool, gym, and retail outlets. The project also includes a landscaped garden, a children’s play area, and a parking lot.
The residential units in the project range from one-bedroom apartments to four-bedroom penthouses. All units feature modern interiors and come equipped with state-of-the-art appliances. The apartments also have balconies that offer stunning views of the city.
The project is conveniently located close to a number of attractions, including the Mall of the Emirates, the Dubai Marina, and the Dubai Media City. It is also close to a number of educational institutions, including the American University of Dubai and the University of Wollongong in Dubai.
Midtown - Afnan is designed to provide residents with a luxurious lifestyle. It features a range of amenities, including a 24-hour concierge service, a business center, and a spa. The project also offers a variety of recreational activities, such as a basketball court, a squash court, and a jogging track.
The project is designed to be energy efficient, with features such as solar panels and energy-saving lighting. The developers have also taken steps to ensure the safety and security of the residents, with 24-hour security and CCTV surveillance.
Midtown - Afnan is a luxurious residential project that offers residents a comfortable and convenient lifestyle. With its modern amenities and convenient location, it is the perfect place to call home.
Midtown - Afnan is a residential project located in the heart of Dubai, in the Al Barsha area. The project is a joint venture between the Afnan Group and the Midtown Group, two of the leading real estate developers in the region.
The project consists of two residential towers, each with a total of 18 floors. The towers are connected by a podium, which houses a variety of amenities, including a swimming pool, gym, and retail outlets. The project also includes a landscaped garden, a children’s play area, and a parking lot.
The residential units in the project range from one-bedroom apartments to four-bedroom penthouses. All units feature modern interiors and come equipped with state-of-the-art appliances. The apartments also have balconies that offer stunning views of the city.
The project is conveniently located close to a number of attractions, including the Mall of the Emirates, the Dubai Marina, and the Dubai Media City. It is also close to a number of educational institutions, including the American University of Dubai and the University of Wollongong in Dubai.
Midtown - Afnan is designed to provide residents with a luxurious lifestyle. It features a range of amenities, including a 24-hour concierge service, a business center, and a spa. The project also offers a variety of recreational activities, such as a basketball court, a squash court, and a jogging track.
The project is designed to be energy efficient, with features such as solar panels and energy-saving lighting. The developers have also taken steps to ensure the safety and security of the residents, with 24-hour security and CCTV surveillance.
Midtown - Afnan is a luxurious residential project that offers residents a comfortable and convenient lifestyle. With its modern amenities and convenient location, it is the perfect place to call home.
Q&A on Midtown - Afnan
What are the advantages of 'Midtown - Afnan' project in Dubai for property buyers? What are the disadvantages?1. Prime Location: Midtown - Afnan is located in the heart of Dubai, making it a great investment opportunity for real estate buyers. The area is close to many attractions, such as the Dubai Mall, the Burj Khalifa, and the Dubai International Financial Centre.
2. High Rental Yields: Midtown - Afnan offers high rental yields, making it an attractive option for investors looking to generate passive income.
3. Affordable Prices: The prices of properties in Midtown - Afnan are relatively affordable compared to other areas in Dubai, making it a great option for those on a budget.
4. High-End Amenities: The project offers a range of high-end amenities, such as swimming pools, gyms, and retail outlets, making it a great option for those looking for a luxurious lifestyle.
5. Easy Accessibility: Midtown - Afnan is easily accessible by public transport, making it a great option for those who don’t want to rely on a car.
What projects are better than 'Midtown - Afnan' project in Dubai which are located close by, and why?
- IMPZ Elite Residences:
- Amenities: Modern design, high-end finishes, and luxurious communal facilities.
- Connectivity: Better access to Sheikh Mohammed Bin Zayed Road.
- Developer Reputation: Established track record of timely delivery and quality.
- Centrium Towers:
- Architectural Design: Unique facade and modern interiors.
- Green Spaces: Extensive landscaped gardens and water features.
- Community Feel: More established expatriate community, fostering better networking opportunities.
- Lago Vista by DAMAC:
- Lake Views: Scenic views of the nearby lake.
- Facilities: State-of-the-art fitness center, swimming pools, and children’s play areas.
- Quality of Build: High-grade materials and meticulous attention to detail.
- Brand Name: Strong presence and reliability of DAMAC as one of the leading developers.
- Oakwood Residency:
- Design: Blend of traditional and contemporary architecture.
- Yields: Higher rental yields due to demand from professionals working in nearby business hubs.
- Sustainability: Eco-friendly features and energy-efficient systems.
- The Crescent Towers:
- Amenities: Comprehensive range of facilities including a fully-equipped gym, outdoor tennis courts, and a health club.
- Pricing: Competitive pricing structure offering better value for money.
- Security: Advanced security systems, ensuring a safe residential environment.
Each of these projects offer distinct advantages in terms of amenities, design, connectivity, and investment potential, making them strong competitors to the 'Midtown - Afnan' project.
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