Avenue Residence 5 Property Development By NABNI REAL ESTATE DEVELOPMENT

Last Updated on: 15th November 2024, 12:03 pm

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Avenue Residence 5, developed by NABNI Real Estate Development, stands as a beacon of luxury within Dubai’s vibrant Al Furjan district. This esteemed development comprises just 85 exclusive luxury apartments, thoughtfully designed for those who appreciate modern living spaces characterized by bespoke attention to both quality and elegance. Established in 2002, NABNI has transformed the landscape of Dubai’s real estate; once known as Aljaziri Developments, it now lays claim to a reputation for exceptional properties that combine sophistication with functionality.

Each apartment in Avenue Residence 5 is an embodiment of contemporary classic design, enhanced with exquisite Italian finishes that echo opulence. Residents will enjoy not only high-end amenities but also a lifestyle tailored for convenience and luxury, with the property strategically located a mere one minute from Al Furjan Metro Station, five minutes from Ibn Battuta Mall, and within easy reach of renowned landmarks such as Dubai Mall and Downtown Dubai, all accessible within a short drive. With prices starting at AED 900,000 and sizes ranging from 657 to 2,286 square feet, these homes truly offer an opportunity for discerning individuals seeking an exceptional residence in a prime location. For more details, explore Avenue Residence 5.

Key Takeaways

• Located in the popular Al Furjan district of Dubai.
• Comprised of only 85 unique residences available with 1, 2, or 3 bedrooms.
• Starting price for luxury apartments begins at AED 900,000.
• Features an array of amenities including a swimming pool and gym.
• Proximity to key destinations such as Dubai Marina and Palm Jumeirah.
• Expected handover of the property in Q2 2025.

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Overview of Avenue Residence 5 Property Development

The Avenue Residence 5 Property Development represents a compelling opportunity for prospective residents looking for a refined lifestyle in Dubai. Developed by NABNI Real Estate Development, this project emphasizes luxurious living, set within a vibrant and modern community.

Introduction to NABNI Real Estate Development

NABNI Real Estate Development is renowned for its dedication to high-quality properties. This commitment ensures that developments like Avenue Residence 5 meet the expectations of those seeking an exclusive living experience. With a focus on exceptional design and superior amenities, NABNI consistently delivers outstanding residential offerings in the competitive Dubai market.

Location and Community of Al Furjan

Avenue Residence 5 enjoys its placing in a prime location within Al Furjan, which is well-known for its accessibility to major urban centers. This strategic positioning ensures that residents can enjoy quick access to notable areas such as Dubai Marina, Burj Khalifa, and other key destinations. In addition to proximity to shopping districts like the Ibn Battuta Mall, the location offers essential services such as schools and clinics, enhancing the overall living experience with recreational facilities and lush parks. The convenience of Sheikh Zayed Road helps connect residents to various parts of the city effortlessly, making it an attractive choice for families and professionals alike.

Exclusivity and Availability of Apartments

The Avenue Residence 5 development comprises only 85 units, encompassing 1, 2, and 3-bedroom apartments ranging from 657 to 2,286 square feet, making it a unique opportunity for buyers seeking an exclusive living experience⁴. The pricing for these units starts at AED 900,000, reflecting the premium nature of this property development². Residents can enjoy a structured payment plan that includes a 15% booking fee and subsequent payments during construction, culminating in a final payment upon handover by 2025⁵. Such financial arrangements cater to varying buyer preferences, emphasizing the project’s allure.

With contemporary amenities such as a gymnasium, swimming pool, and kids’ play area, Avenue Residence 5 aims to provide a comprehensive lifestyle experience for its residents⁴. Overall, the combination of elegant apartments, a prime location in Al Furjan, and the expertise of NABNI Real Estate Development creates an exciting prospect for potential homeowners.

Avenue Residence 5: Luxurious Living and High-End Amenities

Avenue Residence 5 epitomizes luxurious living with its meticulously designed modern living spaces. Each apartment within this exquisite development boasts Italian finishes that combine elegance with functionality. Featuring spacious floor plans with breathtaking views of the Dubai skyline, residents can enjoy top-of-the-line marble surfaces, gold-finish fittings, and state-of-the-art Siemens kitchen appliances. This careful attention to detail ensures a comfortable yet stylish lifestyle that meets the standards of high-end living.

Design and Interior Features of the Apartments

Designed to impress, Avenue Residence 5 offers a selection of luxury apartments ranging from 1 to 3 bedrooms. The project consists of 85 unique residences that incorporate sophisticated architectural elements tailored for those seeking upscale living. The average price for a two-bedroom apartment in this luxury complex is estimated between AED 1,647,453 and AED 1,647,453, providing an exceptional value for such high-quality real estate investment opportunities⁶.

World-Class Amenities for Residents

Residents of Avenue Residence 5 will benefit from a plethora of world-class amenities designed to enhance their lifestyle. The community features temperature-controlled swimming pools, modern gyms, landscaped parks, and sports courts, ensuring a well-rounded living experience. Al Furjan also provides access to retail centers and additional facilities, making it a desirable location⁷. With completion expected in the second quarter of 2025, individuals looking to invest in luxury apartments will find a promising avenue in this emerging market, where average prices for apartments are on the rise, reflecting a year-on-year increase of 26.02%⁸.

Investment Potential and Market Insights

Avenue Residence 5 presents significant investment potential, particularly with an attractive gross rental yield of 7.78% for apartments in Al Furjan⁸. The projected increase in property value due to the development’s strategic location and limited availability makes it an excellent choice for investors aiming to tap into Dubai’s luxury real estate sector. With prices starting at AED 900,000 and flexible payment plans available, securing a property in this development is an opportunity not to be missed for discerning buyers.

Source Links

1. https://dubaieurorealestate.com/property/avenue-5-by-nabni/
2. https://keltandcorealty.com/property/avenue-residence-5/
3. https://dxboffplan.com/properties/avenue-residence-5-al-furjan-dubai/
4. https://www.dubaihousing-ae.com/project/avenue-residence-5/
5. https://www.propjunction.ae/projects/avenue-residence-5
6. https://eaglebroki.com/property/avenue-residence-5/
7. https://ulo.ae/object/avenue-residence-5-id-753/
8. https://www.propertyfinder.ae/en/plp/buy/apartment-for-sale-dubai-al-furjan-avenue-residence-avenue-residence-5-12126649.html