Property: 3 Bedroom + Maid’s Room | 4 Bathroom
View: Marina | Wynn Casino
Size: 466 sqft | Price: AED 4,153,000
Note: 0 Commission | Free Consultation
Service Charge: 12 AED per square foot
Investment Details:
– Payment Plan: 3 years
– Payment Plan: 50/50
– Handover: Q1 2027
Al Hamra Waterfront offers a promising opportunity for potential investors. As of Q2 2024, the starting rental price for 1-bedroom apartments in Al Hamra Village is AED 25K (USD 7K). The anticipated opening of the UAE’s first casino at Wynn Resort Al Marjan in 2027 is expected to significantly boost demand for short-term property leases in nearby developments, including Al Hamra Waterfront.
The capital appreciation of real estate in Al Hamra Waterfront has seen an impressive 30% increase. This growth offers the potential for substantial profit should you choose to resell your property in the future.
Community Overview
– Size: Spanning 77 million square feet, Al Hamra Village is a master-planned community focused on safety, security, and sustainability.
– Beaches: Residents have access to 1.5 kilometers of pristine beaches.
– Hotels: The area includes five resort hotels.
– Retail: A two-story retail center provides a unique shopping and entertainment experience.
Amenities
– Fitness & Recreation: State-of-the-art gym, tennis courts, swimming pools, and a community center for social events.
– Golf: A championship golf course offers a challenging and enjoyable experience for golfers of all skill levels.
– Luxury & Dining: A nearby five-star luxury hotel and spa offer relaxation and indulgence, along with diverse dining options ranging from casual cafes to fine dining restaurants.
Golden Visa Eligibility
Purchasing property worth AED 2M (USD 545K) or more at Al Hamra Waterfront qualifies buyers for a 10-year Golden visa. This visa extends to spouses, children, and domestic staff, offering a significant incentive for those seeking long-term stability and benefits in the UAE.
