Al Quoz
About Al Quoz
Al Quoz is one of the most interesting districts in Dubai, with an area that spans around 27.1 square kilometers. It shows a combination of industrial and residential properties such as formworks, factories, and different types of accommodations like flats and houses.
Geographically the community is located between the highways Sheikh Zayed Road and Al Khail Road supports the connectivity to the city, allowing access to various attractions. Some highlights include Alserkal Avenue, a center for the arts with numerous galleries, and amenities such as parks or gyms.
Other than this, Al Quoz provides some basic utilities like shopping areas, schools, and hospitals, which enhance the comfort of people residing and working in this area.
Latest Off Plan Projects in Al Quoz
Community Features
Al Quoz Connectivity
Off Plan Projects In Al Quoz
The Al Quoz neighborhood contains many residential schemes but mostly in its northeastern regions. The community consists of apartment units ranging from studio type to 4 bedroom apartments, with the studio units beginning from about AED 360,000 and going as high as AED 3.3 million for bigger sized apartments.
Stand-alone houses or Villas that are usually made of 4 to 6 bedrooms along with private compounds and maids’ rooms are from AED 1.75 million. There are also a few townhouses on offer in Al Quoz 4 built for residents who prefer extra living space. The latest projects, which include Alphabeta Q-East and MAG Eye Townhouses, are improving the state of the area by providing contemporary options to the residents of the zone.
Average Property Price In Al Quoz
Property prices in Al Quoz are influenced by property type as well as location. Studio apartments for example cost between AED 360,000 and AED 670,000 for residential units while a 1 bedroom apartment from roughly AED 495,000 goes for. The price for 2 bedroom apartments starts at AED 950,000 with their increasing configurations of 3 to 5 bedroom apartments that goes for AED 1.75 million and AED 3.3 million respectively. The average price for villas in Al Quoz is around AED 2.6 million. The latest statistics, however, show that the average property price in Al Quoz stands at AED 1.79 million, an increase oriented to this affordable neighborhood with good rental returns and lively investors’ arts center.
ROI In Al Quoz
In addition to the above, Al Quoz has a diverse range of investments, and more importantly, the rental yields within the region are quite high. For instance, the studio apartments are the best investment assets in the area as they provide an approximate return on investment (ROI) of about 8.0%. One-bedroom units closely trail at an ROI of 7.6% while two-bedroom units yield up to 6.7%. The rental rates are also reasonable with a studio going at the very least AED 30,000 in a year, a one-bedroom unit going for AED 42,000 and two bedroom units going at a basic of AED 50000. Furthermore, a rise in the need for housing units in the Al Quoz area, the position of the area and increasing facilities makes it easy to start considering this area as one of the viable investment prospects in the real estate sector in Dubai.
Master Plan Of Al Quoz
The Al Quoz Master Plan aims to improve the area as one of the largest creative zones in the world through concentrating on the creation of systems, public amenities, as well as the artistic environment in the next four years. The plan designed by the Higher Committee of the Al Quoz Creative Zone foresaw a jump of the number of creatives from 900 to 20 000 with the increase of creative spaces by eight times.
It will incorporate dwelling units for over 8000 individuals and caters to a daily influx of about 33, 000 people. Comprising three plans namely; developing infrastructures, laying out public spaces and installing public art, the creative project encourages artist and entrepreneurs engagement without erasing the already existing industrial ambience of Al Quoz.
