Julphar Residence by RAK Properties

About the project

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Julphar Residence is an upscale 23-storey residential project by Ras Al Khaimah's largest listed real estate developer; RAK Properties. Nestled in the City of Lights on Al Reem Island, the development is designed to reflect the island's surroundings, with blue glass finishes that are skillfully combined with neutral sandy tones of the stone facade.

The complex offers a collection of ready-to-move-in studios and 1–2 bedroom apartments, as well as a limited collection of three-bedroom apartments that are complemented with a maid's room. There are also full-floor units available for purchase for interested investors. In total, Julphar Residence houses 266 residential units.

The size of the properties vary between a compact 347 sq. ft and a reasonable 1,916 sq. ft. Each apartment, except for select studios, comes with 1–2 balconies, which overlooks the scenic island. Wood and stone features add an air of sophistication to the interiors of the thoughtfully crafted residences, whilst the floor-to-ceiling windows allow an abundance of natural light during the day.

Key advantages

Julphar Residence offers an array of world-class amenities for a comfortable living environment, which include:

• Covered parking
• Gym
• Podium level with adults and children's swimming pool
• 24-hour security
• Rooftop garden
• Children's indoor play area

Infrastructure

One of the main perks of Julphar Residence is its close proximity to grocery stores, kindergartens, medical facilities, shopping malls and much more.

Residents of the complex can shop for everyday essentials in Grandiose Supermarket — Al Reem Island and City Corner Grocery Baqala, which are both located within walking distance. 

Julphar Residence is surrounded by several major shopping destinations on Al Reem Island. There is Reem Mall, Shams Boutik and Paragon Bay Mall within a radius of just a 10-minute walk. These shopping centres house plenty of shops, restaurants and entertainment venues. Reem Mall includes Snow Abu Dhabi, which is the largest complex in the capital, offering winter activities for the whole family.

The neighbourhood boasts a wide variety of prestigious educational institutions, including Repton — Fry Campus, Sorbonne University Abu Dhabi, Liverpool Nursery, and Redwood Montessori Nursery School Reem Island.

For medical assistance, there are Reem Hospital, Mediclinic — Al Reem Mall and Burjeel Day Surgery Center available within a 6-minute drive from Julphar Residence.  

The Park View development is adjacent to Al Shifa Bint Abdullah St, Al Shematri St and Al 'Oud St, which ensures excellent commutes around the rest of the emirate. In addition, those who prefer to move around by public transport will be keen to learn that there are plenty of bus stations within walking distance of the development, such as Al ’Oud St/Beach Towers, Al ’Oud St/Union National Bank and others. That being said, the travel time to Abu Dhabi International Airport, Yas Island and Jubail Island, among other key destinations, takes about 30–35 minutes.

To stock up on groceries, occupants of Park View can easily access Salla Supermarket and Daily Mini Mart Food, both of which can be found within the immediate vicinity of the tower. Within a 25-minute walk, it is possible to reach a range of well-established medical and academic institutions that can be found below:

• Hummingbird Nursery Abu Dhabi
• Repton School – Rose Campus
• Reem Hospital
• Burjeel Day Surgery Center
  

As well as all the above, residents of Park View will be able to enjoy the various recreational amenities of Reem Central Park which is right on their doorstep. Offering an abundance of activities to visitors of all ages, this park features water fountains, al fresco dining spots, a skate park, 4 multi-sports courts, as well as pedestrian cyclist paths.

Julphar Residence is conveniently located at the intersection of Al Reem St and Al Matla'i St, which ensures easy travel routes around the rest of the island. Right next to the development, there is an array of bus stations that can be found, which include Al Reem St / Al Zawi St and Al Reem St / Al Zaffat St, just to name a few. The mainland of Abu Dhabi is located 10 minutes’ away by car,  and within a half an hour drive it is possible to reach Abu Dhabi International Airport.

Within the same amount of time residents of the complex can get to Yas Island that offers a variety of recreational facilities, including Ferrari World Abu Dhabi, Yas Waterworld Abu Dhabi, SeaWorld Abu Dhabi, and much more. The Cultural District on Saadiyat Island features world-famous museums and art centres, among which are Louvre Abu Dhabi and the upcoming Guggenheim Abu Dhabi. These venues are both located within a 15-minute drive from Julphar Residence. 

Economic attractiveness

The residential complex is fully completed, which means that you can move in immediately after the deal is closed. If the amount of your investment constitutes AED 2M (USD 545K) or more, you become eligible for a 10-year Golden Visa. As a result, you can bring your family to the UAE and take advantage of offers and discounts from the Abu Dhabi Residents Office (ADRO) on property, hospitality, healthcare and other sectors.

Julphar Residence is also a lucrative investment option, since one-bedroom properties in the City of Lights district generate an ROI of 6.6%, with an initial annual rental cost of AED 48K (USD 13K) as of Q1 2023. Such lucrative indicators guarantee a high stable income, should you decide to rent your property.