Dubai Real Estate: New Mid-Rise Residential Tower V1STARA HOUSE Launched in Al Furjan, Rental Yields Reach 9%

Friday, 25 April 2025

Object 1 introduces V1STARA HOUSE in Al Furjan, a new mid-rise residential tower targeting both investors and homebuyers amid growing demand and high returns in the area.

Highlights:

• Object 1 has launched V1STARA HOUSE, a mid-rise residential tower in Al Furjan, Dubai.
• The project offers one- to 3.5-bedroom apartments, starting from AED 1.1 million.
• Scheduled for completion in Q3 2027, the development spans around 10 residential floors with 3.1-meter ceilings and panoramic windows.
• Each floor has six to eleven apartments, providing residents with spacious layouts and privacy.
• The project is strategically located between Sheikh Zayed Road and Sheikh Mohammed bin Zayed Road, with access to the Red Metro Line.
• Eight retail units will be available on the ground floor, enhancing community convenience.
• Al Furjan has seen rental transactions rise by 8%, with one-bedroom rental values increasing by 39%.
• The area currently offers rental yields of up to 9%, making it an attractive choice for investors.
• The tower includes a lagoon-style pool, separate pools for kids, indoor and outdoor play areas, separate gyms, sauna, cinema, game room, BBQ area, and clubhouse.
• The development integrates smart home technology and a four-storey parking facility.
• V1STARA interiors feature a blend of midnight blue, cosmic gold, and white, inspired by its Sanskrit name meaning “expansion.”
• Dubai’s off-plan market grew in Q1 2025, with average prices per square foot reaching AED 1,250 and median apartment prices increasing by 19% to AED 1.515 million.
• The project aligns with the rising interest in Dubai’s affordable housing market in 2025.