A: The developer of Ahad Residences is Ahad Group and the contractor is a well known, reputable Singaporean developer called Evan Lim-Penta who is heavily involved in the project. Sofitel Palm Jumeirah and Saba Tower in JLT are some of their projects in Dubai, in addition to several high-end projects around the city. They recently received an award for their work in Expo 2020 on the Singapore, Netherland and Sweden Pavilions.
A: Ahad Residences is located in Business Bay, facing the Oberoi Hotel and adjacent to the iconic Opus building. It is strategically located within walking distance from the metro, 15 mins from Dubai Airport and 5 mins from Burj Khalifa and Dubai Mall.
A: As per the latest RERA inspection report in Oct 2021, it is 51% complete.
A: Yes, it is a freehold property available for both local and international investors.
A: Ahad Residences has 30 floors of residential units along with ground floor retail spaces.
A: Ahad Residences has 346 apartments.
Studios – 79 Units
1 Beds – 226 Units
2 Beds – 34 Units
3 Beds – 7 Units
A: Owners will be offered a furniture package specially tailored for the project.
A: Yes, all apartments will be equipped with a fridge, gas hob, gas oven, range hood, washing machine and dishwasher. The studios will not have a dishwasher.
A: Teka, a well-known and reliable German brand or equivalent.
A: The current payment plan is 40/60 – “40% during construction and 60% on handover.”
25% deposit + 4% DLD upon signing the reservation form
15% after 5 months of signing RF
60% on completion
A: The completion date is estimated to be the 2nd quarter of 2023.
A: PDC’s will be collected on time of sale, kept safely with the developer and cashed to escrow once due.
A: The first 20% will be through a bank transfer to Ahad Residences escrow account, the remainder will require special management approval on the method of payment.
A: Yes, multiple buyers can purchase an apartment(s) in Ahad Residences as joint buyers.
A: Yes, registered companies can purchase property in Ahad Residences.
A: Outdoor lounging pool, indoor gym, one of the first residential outdoor gyms in the UAE, changing rooms, male and female showers, sauna, valet parking, concierge and selected retailers for the retail space.
A: Yes, once handed over and the title deed is issued, you can rent your property in Ahad Residences for short or long term. We can facilitate this service through our experienced property management team. For similar units in the same area, the current ROI is around 6% for long term and 9% for short term. Our experienced consultant will provide more information.
A: We have furniture packages specially tailored for Ahad Residences which will make your apartment ready for short term rental on handover – get in touch with our consultants for more information.
A: Yes, we have a dedicated property management department who will manage your property after handover.
A: The expected service charge is AED16-18/sq.ft.
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