Apartment in Dubai, UAE, 35 sq.m

Beverly Boulevard is a high-rise residential complex from HMB Homes. The new project will be located in Arjan in Dubai. Its construction is scheduled to be completed in the fourth quarter of 2024. The complex will include studios and apartments with 1-2 bedrooms ranging from 35 sq. m up to 129 sq. m.

Beverly Boulevard is a high-rise residential complex from HMB Homes. The new project will be located in Arjan in Dubai. Its construction is scheduled to be completed in the fourth quarter of 2024. The complex will include studios and apartments with 1-2 bedrooms ranging from 35 sq. m up to 129 sq. m.

Location

Beverly Boulevard is located in Arjan along Sheikh Mohammed Bin Zayed Road. Residents can reach Mall of the Emirates, Dubai Hills Mall and Burj Khalifa within 20 minutes by car. Arjan is a popular area with developed social infrastructure, a quiet and peaceful environment. Residents can walk to some schools, kindergartens, shopping centers, hospitals, F&B establishments, etc. It is advisable to have a personal car as the public transport network is not yet developed here.

There are many infrastructure facilities within a 20-minute drive:

stores: Lifco Supermarket, Lyal Minimart, Carrefour Market, Circle Mall;
F&B establishments: Noodle House, Papa Murphy’s Pizza, Khanno Badosh;
hospitals: 7 Dimensions Medical Center, Prime Medical Center, Medicentres Clinic;
educational institutions: Kids World Nursery, Nord Anglia International School Dubai, Safa Community School;
religious sites: United Christian Church, Guru Nanak Darbar Gurdwara in Dubai, Abu Bakr Al Siddiq Mosque.
Dubai Motor City, Jumeirah Village Circle (JVC), Al Sufouh Beach, Dubai Miracle Garden and Dubai International Airport are a 30-minute drive away.

Economic attractiveness

Beverly Boulevard residents from HMB Homes will have unlimited access to all the amenities at Arjan. These include kindergartens, educational and medical institutions, parks, restaurants, etc. The complex is located next to Dubai Motor City and Jumeirah Village Circle (JVC). This makes it attractive for those who want to combine privacy and peace with the dynamic life of a metropolis.

As of the second quarter of 2023, the average annual rental cost for a one-bedroom apartment in Arjan is AED 46 thousand (USD 12.5 thousand). Investors looking to rent out properties in the area can expect an ROI of 5.4% for one-bedroom apartments. The profitability of studios is slightly higher - 6%. This is a freehold area, so foreigners can buy 100% owned real estate here and resell it at a profit.

If you invest at least AED 750 thousand (USD 204 thousand) in property in Beverly Boulevard, you can apply for a 2-year investor visa. If the cost of the residence is AED 2 million (USD 545 thousand) or higher, you will be eligible for a 10-year Golden Visa, which applies to family members and household staff.