Awqaf Tower

About the project

Awqaf Tower is a 29-storey residential complex located in Al Khalidiya, the cultural centre of Abu Dhabi.

Properties include one- to three-bedroom apartments that have spacious living areas, closed kitchens, and bedrooms with ensuite bathrooms. One-bedroom apartments have guest bathrooms, dining areas, fitted wardrobes, and balconies, and three-bedroom apartments have two balconies. Some of the units also have cloakrooms.

Residents can enjoy a variety of amenities, including:

• Covered parking for tenants
• Outside paid parking for guests
• High-speed lifts
• 24-hour security
• Central air conditioning
• Modern gym
• 24-hour maintenance
• Recreation areas

The nearest bus stop is Zayed The First St / Jaber Al Hindi Mosque.

The complex is situated near several popular destinations, including:

• Abu Kaabi Kebab and Grills and Applebee's
• Crunch and Munch Cafe
• Al Adil Supermarket and Choithrams
• KM Trading and Marina Mall
• Amrita Medical Centre
• Judy Pharmacy
• American Community School of Abu Dhabi
• Playhouse Nursery

There are many attractions located within a 10-minute drive of the tower, including the following sites.

• Abu Bakr Siddique Mosque is the largest mosque in the UAE. It was named after Sheikh Zayed Bin Sultan Al Nahyan, the founder and first president of the UAE.
• Mamsha Al Khair Monument is an inspirational landmark that consists of a granite monolith and limestone installations that are engraved with quotes from internationally renowned people encouraging volunteerism, social responsibility, and humanitarian values.

Abu Dhabi Airport can be reached within a 15-minute drive of the residences.

Economic appeal

Al Khalidiya is the cultural centre of Abu Dhabi. The community features historic buildings that blend well with modern facilities and reflect the heritage of the capital. Residents of Al Khalidiya have access to parks, beaches, and attractions. Due to its location, residential properties are in-demand among tenants and investors, and demand continues to steadily grow. Awqaf Tower offers units that have a return on investment rate that ranges from 6% to 6.5%.

The annual rental rates for units at Awqaf Tower range from AED 55,000 (USD 15,000) to AED 100,000 (USD 27,000), and the estimated payback period ranges from 15 to 20 years.