Victoria Residency in Al Furjan - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Victoria Residency

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
1	88	12,446	1,100,000
3	186	13,057	2,425,000

Rents in Victoria Residency

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
1	85	963	81,818
3	178	871	155,000

The cap rate (rental yield) of investments into Victoria Residency project is 7.0% on average.

The price of an apartment in Victoria Residency is 12,860 AED/sqm on average.

The long term rent of an apartment in Victoria Residency is 900 AED/sqm/year on average.

Price for completed 1 bedroom apartment in Victoria Residency is 1,100,000 AED or 12,446 AED/sqm.
Price for completed 3 bedroom apartment in Victoria Residency is 2,425,000 AED or 13,057 AED/sqm.

Rent for 1 bedroom apartment in Victoria Residency is 81,818 AED or 963 AED/sqm.
Rent for 3 bedroom apartment in Victoria Residency is 155,000 AED or 871 AED/sqm.

About Victoria Residency

'Victoria Residency' in 'Al Furjan' area project description

Victoria Residency is a prominent residential development located in the Al Furjan area of Dubai, known for its blend of contemporary architecture, prime location, and an array of amenities. This project is strategically situated to offer residents easy access to key parts of Dubai, making it an attractive option for both homeowners and investors.

Comprising of elegantly designed apartments, Victoria Residency offers a mix of one, two, and three-bedroom units, catering to a diverse range of family sizes and lifestyle preferences. Each apartment is meticulously planned to provide spacious living areas, large windows for natural light, and high-quality finishes that reflect modern aesthetics and functionality. The residences are also equipped with advanced home automation systems, ensuring convenience and luxury for the occupants.

The architectural design of Victoria Residency embodies a modern and sophisticated look, utilizing high-end materials and thoughtful design elements. The exterior of the building boasts a sleek and contemporary facade, while the interiors feature a blend of functionality and elegance. The use of neutral tones, premium fittings, and innovative layouts creates an inviting and comfortable atmosphere.

One of the standout features of Victoria Residency is its comprehensive range of amenities designed to enhance the quality of life for its residents. The project includes a fully-equipped gymnasium, a swimming pool, and landscaped gardens that provide a serene environment for relaxation and recreation. Additionally, there are dedicated play areas for children, ensuring that families have a safe and enjoyable space for their young ones. For social gatherings and events, residents can make use of the community hall and barbecue area.

Security and convenience are top priorities in Victoria Residency, with 24-hour surveillance and secure parking facilities provided for residents. Moreover, the development includes retail spaces within the building, offering essential services and shops just a few steps away from home.

The location of Victoria Residency in Al Furjan is another major advantage. Al Furjan is a thriving community with a blend of residential and commercial developments. It is well-connected to major highways and public transportation networks, making commuting to various parts of Dubai, including business districts and recreational spots, quite convenient. Proximity to renowned schools, healthcare facilities, shopping malls, and restaurants further adds to the appeal of Victoria Residency as a desirable residential address.

Overall, Victoria Residency in Al Furjan stands out as a well-rounded residential project that combines modern living spaces, comprehensive amenities, and a prime location, offering an excellent lifestyle experience for its residents.

Q&A on Victoria Residency

What are the advantages of 'Victoria Residency' project in Dubai for property buyers? What are the disadvantages?

Advantages:
1. Strategic Location: Al Furjan is well-connected to major highways like Sheikh Zayed Road and Mohammed Bin Zayed Road, making it easy to access key areas of Dubai, including major business districts, malls, and tourist attractions.
2. Modern Amenities: Victoria Residency offers a variety of modern amenities, such as swimming pools, fitness centers, and landscaped gardens. These provide a high quality of life for residents.
3. Family-Friendly Environment: The project is designed with families in mind, featuring spacious layouts and proximity to schools, healthcare facilities, and parks.
4. Public Transportation: Al Furjan is served by its own metro station, enhancing the connectivity for those relying on public transport.
5. Community Atmosphere: The development promotes a strong sense of community through communal spaces and events, fostering interactions among residents.
6. Value for Money: Compared to more central areas of Dubai, properties in Al Furjan, including Victoria Residency, typically offer more space for the price, making it an attractive option for buyers looking for value.
7. High Potential for ROI: Owing to its growing popularity and infrastructural developments, property values in Al Furjan are expected to appreciate over time, making it a good investment.

Disadvantages:
1. Distance from City Center: While Al Furjan is well-connected, it is not centrally located, which might be a disadvantage for those needing to commute frequently to Downtown Dubai or Business Bay.
2. Traffic Concerns: During peak hours, traffic congestion can be an issue on the main connecting roads, potentially lengthening commutes.
3. Limited Nightlife and Entertainment Options: Al Furjan is more residential and quieter compared to areas like Dubai Marina or Downtown Dubai, which might not appeal to those seeking a vibrant nightlife or entertainment options.
4. Ongoing Construction: As Al Furjan is a developing area, ongoing construction in and around the neighborhood can be a drawback due to noise, dust, and temporary disruptions.
5. Resale Competition: With the large number of developments in Al Furjan, selling a property might take longer due to the competitive market.

These advantages and disadvantages can help potential buyers weigh their options and make an informed decision based on their individual needs and lifestyle preferences.

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

- Azizi Plaza: This development offers fully-furnished apartments with premium amenities such as a swimming pool, fitness center, and retail outlets within the complex. Proximity to the Al Furjan Metro Station enhances its appeal.

- Murano Residences: Known for its modern glass design and spacious interiors, Murano Residences offers residents access to a rooftop swimming pool, fully-equipped gym, and landscaped gardens. The nearby schools and shopping centers make it a family-friendly option.

- Glamz by Danube: This project stands out for its flexible furniture options, allowing residents to maximize space. Amenities include a health club, party hall, and kid’s play area. The modular design and focus on contemporary living make it a popular choice.

- Candace Aster by Azizi: Offering a mix of serviced apartments, Candace Aster focuses on hotel-like amenities, including 24-hour concierge service, room service, and housekeeping. The quality of finishes and the proximity to retail and dining options add value.

- Roy Mediterranean: Designed with Mediterranean-inspired architecture, this project provides a resort-like living experience. The premium finishes, infinity pool, and wellness facilities are distinguishing factors for buyers seeking luxury.

- Starz by Danube: Known for its innovation in space management through convertible furniture, Starz offers a combination of affordability and luxury. Its amenities include a swimming pool, tennis court, and a state-of-the-art health club.

These projects stand out due to their unique design philosophies, superior amenities, strategic locations, and, in some cases, innovative space utilization solutions.

What are the closest schools to 'Victoria Residency' project in Dubai?

Nearby schools to 'Victoria Residency' in the Al Furjan area include:

1. The Arbor School
- Location: Al Furjan, Dubai
2. Dove Green Private School
- Location: Green Community Motor City, Dubai Investment Park, Dubai
3. Dubai British School
- Location: Jumeirah Park, Dubai
4. Gems New Millennium School
- Location: Al Khail Road, Al Khail, Dubai

What are the closest medical clinics to 'Victoria Residency' project in Dubai?

1. Medicentres Al Furjan: Located at Pavilion, Al Furjan.
2. Aster Clinic, Discovery Gardens: Located in Zen Cluster, Building 6, Discovery Gardens.
3. NMC Royal Medical Centre, DIP: Located in Dubai Investment Park.
4. HealthHub, Al Barsha: Located in Al Khail Gate Community Centre, Al Quoz-1.
5. iCARE Clinics, The Garden: Located at Pavilion, The Gardens, Jebel Ali.