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Afnan Building, Bur Dubai

Afnan Building, Bur Dubai

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Bur Dubai, Dubai

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Strengths

Prime Location

Modern Amenities

Spacious Apartments

Weakens

Noise from Surrounding Areas

Limited Parking Space

Higher Utility Costs

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Buildign Overview

Summary

  • Afnan Building is a prominent residential structure situated in the heart of Bur Dubai, an area known for its rich history and vibrant culture.
  • The building is conveniently located near various amenities including shopping centers, restaurants, and parks, making it an attractive choice for both residents and investors.
  • Public transportation options, including the Dubai Metro and several bus routes, provide excellent connectivity to other parts of the city.
  • Nearby landmarks include the historic Dubai Museum and the bustling Meena Bazaar, enhancing the cultural experience for residents.

Properties Overview

  • The Afnan Building offers a diverse range of residential units, primarily consisting of studio, one-bedroom, and two-bedroom apartments.
  • Rental prices typically range from AED 40,000 to AED 90,000 per year, while purchase prices generally vary between AED 400,000 and AED 1.2 million, depending on the unit type.
  • The building's affordable pricing and strategic location make it particularly appealing to families, young professionals, and expatriates.

Market Trends

  • In the past year, rental demand in Bur Dubai has shown a steady increase, with prices up by approximately 5-7%.
  • For buyers, the average return on investment (ROI) stands around 7-8%, highlighting Afnan Building as a lucrative option for real estate investment.
  • Looking ahead, the market is expected to remain stable with gradual price hikes due to the consistent demand for rental units in the area.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents benefit from close proximity to various supermarkets, including Carrefour and Lulu Hypermarket, ensuring easy access to daily essentials.
  • Educational institutions such as the International School of Arts and Sciences and healthcare facilities, like Al Mashreq Hospital, are also located within a short distance.

Transportation and Accessibility

  • The building enjoys excellent transportation links, with the Al Fahidi Metro Station just a short walk away.
  • Ample parking spaces are available, catering to residents with personal vehicles and ensuring ease of accessibility.

Lifestyle Amenities

  • Afnan Building features on-site lifestyle amenities, such as a well-equipped gym, swimming pool, and communal areas for recreational activities.
  • Numerous dining options, from local eateries to international restaurants, are also available in the vicinity.

Builing Facilities

  • Additional facilities within Afnan Building include high-speed elevators, 24/7 security services, central air conditioning, and regular maintenance services.

Special Services

  • Unique services such as concierge support, guest services, and a business center provide extra convenience for residents and their guests.

Planning Your Move or Investment

Floor Plans and Property Types

  • Afnan Building offers a variety of floor plans that cater to different needs and lifestyles, ranging from compact studios to spacious two-bedroom apartments.

Things to Consider

  • Potential tenants and buyers should evaluate their budget, preferred unit size, and the necessity of parking spaces when considering Afnan Building.
  • It’s also advisable to consider the proximity to schools and public transport options.

Useful FAQs and Support

Events and Building Life

Building Events

  • Afnan Building fosters a sense of community through regular events, such as seasonal celebrations and social gatherings aimed at connecting residents.

Community Identity

  • The building's unique identity is characterized by its blend of traditional architectural styles and modern living spaces, making it a distinctive feature of Bur Dubai.

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Detailed Buiding Insights

1. Family Friendliness

The community has family-friendly amenities, parks nearby, and a supportive neighbor network, making it an excellent environment for families.

Exceptionally Welcoming

2. Living Options

Afnan Building offers a variety of living options from spacious apartments to more compact options, catering to different family sizes and preferences.

Broadly Diverse

3. Safety And Security

The area experiences low crime rates and features heightened security measures such as CCTV monitoring and security personnel.

Remarkably Secure

4. Transportation

While public transport options are available, some residents may find the proximity to metro stations slightly lacking, but bus routes serve the community well.

Moderately Convenient

5. Amenities And Facilities

Afnan Building offers excellent amenities including a pool, gym, and recreational areas, contributing to a convenient and active lifestyle.

Richly Equipped

6. Cost Of Living

The cost of living is considered average for the area, with rent prices appropriate for the facilities available, appealing to a wider range of residents.

Relatively Balanced

7. Things To Do

There are numerous leisure activities available, including shopping centers, parks, and local restaurants, providing residents with plentiful entertainment options.

Vibrantly Diverse

8. Noise Levels

Most times, the noise levels are low, contributing to a comfortable living environment, although some occasional street noise may occur during peak hours.

Generally Peaceful

9. Pet Friendliness

The community is known for being pet-friendly, with local parks and residents willing to accommodate pets, making it an attractive option for pet owners.

Warmly Accommodating

Schools

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Key Information

Building Type: Residential

Unit Types : 1-bedroom and 2-bedroom apartments

Floors: 8

Community Insights
Mostly apartments | Luxury | Well connected
Lowest: 135K - 260K AED/year

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