The Nook in Jabal Ali - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for off-plan (pre registration and delayed sell) properties in The Nook

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
1	49	15,837	770,000
2	70	14,221	992,500

Rents in The Nook

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
1	49	1,284	63,333
2	71	1,113	79,140
3	94	1,053	98,500

The cap rate (rental yield) of investments into The Nook project is 7.7% on average.

The price of an apartment in The Nook is 14,639 AED/sqm on average.

Price for off-plan 1 bedroom apartment in The Nook is 770,000 AED or 15,837 AED/sqm.
Price for off-plan 2 bedroom apartment in The Nook is 992,500 AED or 14,221 AED/sqm.

Rent in The Nook is 14,221 AED/sqm/year on average for long term rent of an apartment.

Rent for 1 bedroom apartment in The Nook is 63,333 AED or 1,284 AED/sqm.
Rent for 2 bedroom apartment in The Nook is 79,140 AED or 1,113 AED/sqm.
Rent for 3 bedroom apartment in The Nook is 98,500 AED or 1,053 AED/sqm.

About The Nook

'The Nook' in 'Jabal Ali' area project description

The Nook is a unique project located in the heart of Dubai, UAE. It is a mixed-use development that combines retail, leisure, hospitality, and residential elements into one vibrant destination. The project is set to become a major landmark in the city and is expected to attract visitors from all over the world.

The Nook is being developed by Meraas, a leading real estate developer in the region. The project is spread across an area of 1.3 million square feet and will include a variety of retail outlets, restaurants, cafes, and entertainment venues. It will also feature a luxury hotel and residential apartments.

The project is designed to be a vibrant and dynamic destination that offers something for everyone. The retail outlets will include both international and local brands, while the restaurants and cafes will offer a variety of cuisines from around the world. The entertainment venues will include a cinema, bowling alley, and gaming area.

The hotel will be a five-star property that will offer luxurious accommodations and amenities. It will also feature a spa, fitness center, and swimming pool. The residential apartments will be designed to provide comfortable and stylish living spaces.

The Nook will also feature a variety of public spaces, including a central plaza, a park, and a waterfront promenade. These spaces will be designed to provide a relaxing and enjoyable atmosphere for visitors and residents alike.

The Nook is expected to be completed by 2021 and will become a major landmark in Dubai. It is set to become a popular destination for both locals and tourists and will provide a unique and exciting experience for all who visit.

Q&A on The Nook

What are the advantages of 'The Nook' project in Dubai for property buyers? What are the disadvantages?

1. Affordable Prices: The Nook project in Dubai offers real estate buyers the chance to purchase property at an affordable price. This makes it an attractive option for those looking to invest in the Dubai real estate market.

2. Flexible Payment Options: The Nook project in Dubai offers buyers the opportunity to choose from a variety of payment options, including installment payments and deferred payments. This makes it easier for buyers to purchase property in Dubai without having to worry about the financial burden of a large upfront payment.

3. Quality Construction: The Nook project in Dubai is built to the highest standards of quality, ensuring that buyers will be purchasing a property that is built to last.

4. Prime Location: The Nook project in Dubai is located in a prime area of the city, close to shopping, dining, and entertainment options. This makes it an ideal location for those looking to invest in the Dubai real estate market.

5. Proximity to Major Attractions: The Nook project in Dubai is located close to some of the city’s most popular attractions, such as the Dubai Mall, the Burj Khalifa, and the Dubai Fountain. This makes it an ideal location for those looking to invest in the Dubai real estate market.

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

Al Furjan offers a more expansive community with a mix of villas, townhouses, and apartments, providing a range of choices for different family sizes. The community is well-rounded with parks, retail centers, and schools, making it ideal for families.

Discovery Gardens stands out for its affordability and extensive green spaces, offering over 26,000 apartments in themed clusters. The area is particularly attractive to young professionals and small families due to its connectivity and relatively lower rental costs.

Dubai Marina, although slightly further away, is preferred for its upscale lifestyle and waterfront living. It provides luxurious apartments, fine dining, and recreational options, appealing to high-net-worth individuals and expatriates seeking a vibrant, urban lifestyle.

Jumeirah Lakes Towers (JLT) is an excellent option for those looking for a balanced work-life environment. It offers residential and commercial complexes along with lakes and parks, providing a serene living atmosphere while maintaining proximity to business hubs.

Ibn Battuta Gate Residences feature modern apartments with immediate access to Ibn Battuta Mall and Dubai Metro. It is ideal for those who prioritize convenience and entertainment options in their living environment.

Gardens Apartments, part of the Green Community, offers spacious living options with extensive landscaped areas. It caters to families looking for a peaceful, green setting while still being close to essential amenities.