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, alongside just five 3-bedroom apartments with a maid's room. On top of that, 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 in Julphar Residence varies between 347 sq. ft and 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 floor-to-ceiling windows allow an abundance of natural light during the day.
Julphar Residence offers an array of world-class amenities for a comfortable living environment, which include:
Podium level with adults' and children's swimming pool
The starting price for a 1-bedroom apartment in the complex by RAK Properties is AED 750,000 (USD 204,000).
Another attractive accommodation option in the City of Lights is Horizon Towers, located next to Julphar Residence. The development offers an array of 1–3 bedroom apartments with balconies, open-plan kitchens and walk-in closets.
Luxury Property On
Al Reem Island
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. Within a half an hour drive it is possible to reach Abu Dhabi International Airport, Yas Island, Al Jubail Island and more.
One of the main perks of Julphar Residence is its close proximity to grocery stores, kindergartens, medical facilities, shopping malls and more, which are all within a radius of a 20-minute walk. Some of them are to be found below:
Belvedere British Nursery
Repton – Fry Campus
Burjeel Day Surgery Center
Grandiose Supermarket – Al Reem Island
Paragon Bay Mall
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
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.
Another exciting perk of residing in Park View is its easy access to Reem Mall, which is situated within the same distance as the facilities mentioned above. Due for completion in 2022, this long-awaited attraction is set to become the world's first omnichannel mall, with over 450 high-end shops, 85 F&B venues and one of the largest indoor snow parks in the world. Called Snow Abu Dhabi, the upcoming snow park will boast a total of 13 thrilling rides and attractions.
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The residential complex is fully completed, which means that you can move in immediately after the deal is closed. As part of a promotional campaign, RAK Properties provides a special offer upon property acquisition in Julphar Residence. This includes 2 years' free service charge and a 50% ADM registration waiver. In addition, one can benefit from a 2% discount when buying 3 units or more, and a 4% discount on a full-floor unit.
Julphar Residence is a lucrative investment option, since one-bedroom properties in the City of Lights district generate 6.6% ROU, according to Property Finder, with an initial rental cost of AED 48,000 (USD 13,000) per annum. Such lucrative indicators guarantee a stable high income, should you decide to rent your property.
If the amount of your investment constitutes AED 2,000,000 (USD 545,000), you become eligible for a 10-year Golden Visa. Subsequently 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.
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