Edison House Property Development By Arabian Gulf Properties

Last Updated on: 13th November 2024, 02:29 am

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The Edison House residential development by Arabian Gulf Properties is set to redefine luxury living in the vibrant Dubailand Residence Complex. With a modern 12-storey building, this luxury residential development provides a unique blend of urban conveniences and suburban tranquility, making it an ideal investment for families and individuals seeking property investment opportunities. The project features a collection of 65 premium units, offering a variety of spacious apartments equipped with state-of-the-art amenities that cater to the lifestyles of contemporary residents. Its strategic location boasts easy access to major highways and various shopping and entertainment venues, enhancing its desirability in the thriving Dubai real estate development market.

Key Takeaways

• Edison House features a mix of 1, 2, and 3-bedroom apartments with sizes ranging from 1,133 to 1,315 sqft.
• The payment plan requires a 20% down payment at sales launch and 60% post-handover.
• Prices for two-bedroom apartments start at AED 800,000 (USD 218,000).
• Investing in Edison House permits purchasing an investment visa valid for two years for foreigners.
• The area allows 100% private ownership for both foreigners and Emirati nationals.

Introducing Edison House: A New Standard in Luxury Residential Living

Edison House, located in the heart of the Dubailand Residence Complex, presents a fresh approach to luxury living. This stunning development combines modern architecture designs with sustainable living, setting a benchmark for residential property projects in Dubai. The Edison project consists of 232 luxury apartment homes, designed to accommodate a diverse range of lifestyles and preferences. Residents will soon begin to enjoy their new homes as the first occupants are set to move in March 2024¹.

Location and Accessibility

This premier location offers easy access to essential highways like Sheikh Mohammed Bin Zayed Road, which ensures smooth connectivity to various amenities such as shopping centers, parks, and recreational facilities. Dubailand is rapidly developing into a vibrant urban hub, making it an attractive choice for potential residents seeking a well-connected community.

Community and Lifestyle

Living at Edison House encapsulates the essence of a modern lifestyle with an emphasis on convenience and comfort. The community features essential services, including schools, ensuring that families have their needs met within reach. Residents will appreciate the green spaces surrounding the property, offering opportunities for leisure and family activities that embody a lifestyle centered around health and well-being. The Edison development reflects Arabian Gulf Properties’ commitment to creating spaces that integrate luxury living with the beauty of nature, enhancing the overall experience of its residents. For those interested in exploring sustainable living, the Edison is impressive with its energy-efficient features, including over 25% of the parking spaces allocated for electric vehicle charging stations and a 200kw solar array on its roof to offset energy consumption¹.

Key Features of Edison House and Residential Options

Edison House sets a new standard in luxury property development, showcasing remarkable features and an array of residential options. This modern housing development is designed to cater to the contemporary family’s needs, incorporating both style and functionality.

Architectural Design and Amenities

The architectural design of Edison House is characterized by its luxurious finishes and thoughtful layout, ensuring that every space is both practical and serene. The design emphasizes open spaces flooded with natural light, allowing residents to fully appreciate the stunning surroundings. Among the standout amenities are:

• Seasonal rooftop pool deck complete with poolside food and drink service
• Fitness programs, including instructor-led classes such as yoga and HIIT
• Beautifully landscaped gardens and dedicated play areas for children
• Two restaurants led by Executive Chef Buzz Willey, offering exquisite dining experiences
• Unique coworking facilities with productive meeting rooms and a morning cafe

Variety of Apartment Options

Edison House offers a diverse selection of 2 and 3-bedroom apartments, providing families ample choices for their living arrangements. The units range in size, with spacious 2-bedroom apartments from 1,133 to 1,319 sqft, ensuring a comfortable living experience. The exclusive development features only 65 units within its well-planned 11-story building, capturing a sense of community in the heart of Dubai². Investing in these apartments not only secures a luxurious lifestyle but also promises expected yearly ROIs of 8-10%, making it a lucrative choice³. With competitive pricing starting from AED 793.3K, Edison House stands out as an attractive option for those seeking a blend of elegance and value in the bustling city².

Investment Potential and Property Pricing

Edison House stands out as an exceptional opportunity in Dubai’s real estate landscape, where property pricing reflects a vibrant investment potential in luxury residential development. With estimates indicating that large 2-bedroom apartments will commence around AED 800,000 and 3-bedroom units starting at AED 950,000, the competitive pricing is designed to attract discerning investors seeking to enter this growing market.

Competitive Pricing and Payment Plans

The payment plans proposed for Edison House are structured to facilitate ownership with ease, initiating with a merely 20% down payment followed by progressive payments throughout the construction phase and upon handover. Such competitive pricing strategies make these real estate investment opportunities undeniably attractive for buyers eager to secure high-value properties in a booming market.

Expected Returns on Investment

Prospective investors can anticipate promising returns on their investment, largely driven by the anticipated appreciation in property prices. For instance, data reveals that average property prices for Edison House are forecasted to range from $347,062 to $424,933 in November 2024. As the market evolves, by August 2025, prices could peak at about $428,231 while maintaining a low of $348,972⁴. Across various future milestones, data shows that property prices may reach as high as $446,066 by February 2032⁴ and indicate continual growth trends that bolster the investment potential.

Crucially, factors such as property appreciation rates, population growth, and favorable price-to-rent ratios play pivotal roles in shaping long-term strategies regarding profitable investments. For instance, a positive annual population growth rate directly correlates with rising rental demand and property values. Additionally, property taxes and the overall economic landscape significantly impact profitability and risk assessment for investors⁵. As investments materialize, it becomes essential to consider these elements, aligning them with personal investment goals to capitalize on the expanding demand for luxury residences.

Conclusion

Edison House by Arabian Gulf Properties is redefining luxury residential living in Dubai, combining modern design with a plethora of amenities. This remarkable project is perfectly located to cater to those who crave both accessibility and community, making it a compelling option for families and professionals alike.

In addition to serving as a beautiful residence, Edison House stands out in terms of property investment opportunities. The project promises to deliver significant returns, particularly as demand for high-quality living spaces in Dubailand continues to rise. This makes investing in Edison House not just an option but a strategic move in a competitive market.

With features that enhance comfort and quality of life, along with project backing from a reputable developer, it is clear why Edison House should be at the forefront of potential homeowners’ and investors’ minds. Positioning itself as a coveted opportunity, Edison House is well-equipped to meet the evolving needs of today’s urban dwellers, ensuring lasting value in a dynamic real estate landscape⁶.

Source Links

1. https://www.prweb.com/releases/horizon-realty-advisors-unveils-the-edison-a-sustainable-luxury-apartment-community-in-reno-302123666.html
2. https://keltandcorealty.com/property/edison-house/
3. https://dxboffplan.com/properties/edison-house-apartments/
4. https://walletinvestor.com/real-estate-forecast/nj/middlesex/edison-housing-market
5. https://housecashin.com/investing-guides/investing-edison-ne/
6. http://sandlotstats.com/wp/2014/03/09/the-house-that-thomas-edison-built/