Al Furjan: Why It Is The Best Place To Be
Al Furjan emerges as a serene community in Dubai, distinct for its secure family-oriented environment. Situated away from the bustling central areas, it offers a blend of villas, apartments, and hotels crafted by Dubai’s renowned developers. The community is gaining popularity, especially among Indian expatriates, for its rental properties.
Community Centers and Amenities
The heart of Al Furjan is its two main community centers – Al Furjan Pavilion and Al Furjan Club. These hubs are replete with amenities like swimming pools, sports courts, restaurants, cafes, and retail outlets. Such facilities cater to the diverse needs of residents, enhancing the area’s appeal.
Investment and Return on Investment (ROI)
This rapidly growing community near the EXPO 2020 site is noted for its high ROI, making it an attractive option for investors. For instance, 3-bedroom apartments yield the highest ROI at 8.06%, followed by studio units at 7.87%. The ROI for 1-bedroom and 2-bedroom units are 6.85% and 6.60% respectively. Among villas, 3-bedroom ones lead with an ROI of 6.62%, followed by 4-bedroom and 5-bedroom villas.
Property Types and Prices
Al Furjan presents a variety of housing options. This includes spacious 3, 4, and 5-bedroom villas in sub-communities like Quortaj and Dubai Style, available at competitive prices. The area also features apartments and townhouses in different sizes, catering to various budget ranges.
Rental and Sales Market
The rental market in Al Furjan varies, with 1-bedroom apartments ranging from AED 58k to AED 90k, and 4-bedroom villas from AED 185k to AED 250k annually. Sale prices for properties like studios and 1-bedroom apartments in Al Furjan West range between AED 440k to AED 1.4M. Villas and townhouses are also available for sale, with prices reflecting the diversity in size and luxury.
Community Demographics
Al Furjan’s resident profile is diverse, consisting of couples, singles, and families. Families are drawn to the area for its serenity and family-friendly amenities, while singles and couples find the location and pricing favorable. The community’s proximity to the Expo 2020 site and Jebel Ali makes it popular among professionals working in these areas.
Sub-communities and Popular Projects
Key locations within Al Furjan include Al Furjan West, Quortaj, Azizi Plaza, Azizi Star, and Ice Residence. Among these, Azizi Residence stands out as the most searched subcommunity, known for its strategic location and chiller-free units. Masakin Al Furjan, another popular project, is unique for its circular layout and family-oriented amenities.
Current Construction and Future Potential
While Al Furjan is still under development, with many residential buildings in progress, it holds immense future potential. The upcoming Metro line and ongoing construction projects are expected to further boost the area’s appeal.
Market Trends
Renting vs. Buying The majority of searches in Al Furjan are for renting apartments (64%) compared to buying villas (34%). This trend reflects the community’s appeal to a wide range of residents, from those seeking affordable living solutions to those looking for investment opportunities.
Conclusion
Al Furjan is a vibrant community offering a balanced lifestyle with its array of amenities, strategic location, and diverse housing options. It is an ideal choice for families seeking a gated community in ‘New Dubai’ without a high price tag. The community’s ongoing development promises an even brighter future, making it an attractive destination for residents and investors alike.
