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SAK
Dubai<br />
The Airport<br />
of the<br />
Future<br />
دبي<br />
مطار<br />
المستقبل<br />
15 minutes from Al Furjan Residential<br />
Community is Dubai World Central,<br />
designed to be the world’s largest<br />
airport.<br />
With 70% of all visitors to the EXPO 2020 expected to come<br />
from outside, the close position of Dubai World Central to<br />
the venue is strategically convenient.<br />
With a capacity of more than 160 million passengers a year,<br />
Dubai World Central is designed to be Dubai’s airport of the<br />
future. In the heart of new Dubai, the Airport is a prestigious<br />
advantage for the Al Furjan community.<br />
يقع دبي وورلد سنترال على بعد 15 دقيقة من مجمع<br />
الفرجان السكني، تم تصميمه ليكون أكبر مطار في<br />
العالم<br />
مع توقعات حضور ٪70 من زوار معرض إكسبو 2020 من خارج الدولة، فإن<br />
قُرب دبي وورلد سنترال من مكان إقامة المعرض يُعد أمر ملائم من<br />
الناحية استراتيجية<br />
بقدرة استيعاب تصل إلى أكثر من 160 مليون مسافر سنوي، صُ مم دبي<br />
وورلد سنترال ليكون مطار دبي المستقبلي. في قلب دبي الجديدة،<br />
يُعد المطار ميزة مرموقة لمجمع الفرجان
Al FURJAN LOCATION<br />
• Al Furjan is a vibrant residential development located between Sheikh Zayed Road and<br />
Mohammed Bin Zayed Road, adjacent to the Discovery Gardens community and is accessible<br />
from Al Yalayis Street and Al Asayel Street. Al Furjan continues to grow in popularity for its<br />
great reputation as a strategic location for residential and commercial developments.<br />
Residents can find all the amenities desired and enjoy easy access to Dubai’s landmarks.<br />
Additionally, with the new metro line ‘Route 2020’ that is currently under construction for Expo<br />
2020, Al Furjan will soon have extensive inroads into greater Dubai.<br />
• Al Furjan is Arabic for a ‘collection of homes’ or ‘small village’ and the sales pitch is a<br />
connected, friendly, community environment with houses built in small clusters connected by a<br />
series of walkways and parks. According to the plan, grocery stores, restaurants, park areas,<br />
sports facilities and a cycling track will be within walking distance of each residence.<br />
• That said, where there are complaints about Al Furjan they centre on the upkeep of common<br />
areas and buildings. Walkways and parks are fine if they are kept up well, but not if they are<br />
going to be allowed to go into disrepair.<br />
•<br />
Al Furjan also includes a central complex, Masakin Al Furjan, which includes apartments, a<br />
convenience store, café and leisure club with pool and gym. Membership of the latter is open<br />
(at a cost) to everyone living the community.
• Al Furjan Pavilion, which opened in December 2016, houses a Spinneys supermarket, 10<br />
food and beverage outlets, 24 shops, a Medicentre clinic and a car park for more than 300<br />
vehicles. The complex also has a sports and recreation hub with a restaurant, swimming pool,<br />
sports court and gym.<br />
• Along with the current clusters of villas, two additional serviced apartment buildings by Azizi<br />
Developments, Roy Mediterranean and Montrell, will have been delivered by the time this is<br />
published. A further five apartment buildings, Azizi Star, Samia, Farishta and Shaista, plus<br />
Plaza Hotel, all by the same developer, are due to arrive by June 2018.<br />
• The project will eventually account for over 4,000 apartments, houses, hotels and commercial<br />
space. It will also be home to the sustainability focused Arbor School, one of the most<br />
interesting new school developments in Dubai. Other schools are located relatively nearby in<br />
adjacent communities which are relatively easy to get to with current levels of traffic.<br />
Congestion is however likely to pick up considerably in 2019, and further in 2020 as the<br />
community matures..
Plot Location
PLOT AREA<br />
• Mixed use (Residential with 10% of GFA as Retail)<br />
• 20 mins walking To METRO<br />
• G + 7 | Freehold<br />
• Plot size - 35,520 Sq. Ft. ( but Purchased on BUA)<br />
• BUA – 106,562 Sq. Ft.( Government approves as salable )<br />
• For Sale 95 AED Per Sq.ft NTO –10 Million
Points to be noted :<br />
• Land can be Purchased on 3 Years Payment Plan ( Note: Owner can’t<br />
Sell any flat until clearance full payment of Land.)<br />
• As per RERA for Market the project - 20% project should be complete<br />
or 20% Security Deposit required.( As per this year )<br />
• USP :This is very prime Location Plot because its next to metro.<br />
• Both Company will Market the Project.<br />
• Sale Price in that area is 850-1075 per sq.ft (Apartments)<br />
• No Commission on Land
INVESTMENT<br />
• Land Cost AED 10,000,000.00<br />
• Total Cost of Construction AED 34,000,000.00<br />
• Consultancy Fees AED 1,400,000.00<br />
• Govt. DEWA Fees & Other Contingencies AED 2,000,000.00<br />
• Overhead @ 5% on the Cost AED 2,500,000.00<br />
• Land Department & Miscellaneous 6% AED 2,700,000.00<br />
• Furnitures Cost AED 3,000,000.00<br />
• Marketing AED 2,500,000.00<br />
• Total Project Cost Including Land AED 58,100,000.00
SALE: CONSERVATIVE<br />
• Sale of 30% Inventory at AED 950 per sq ft AED 30,370,170.00<br />
• Sale of 30% Inventory at AED 1000 per sq ft AED 31,968,600.00<br />
• Sale of 40% Inventory at AED 1050 per sq ft AED 44,756,040.00<br />
• Total Sale AED 107,094,810.00
NET: PROFIT<br />
• Total Sale AED 107,094,810.00<br />
• Total Project Cost AED 58,100,000.00<br />
• Profit AED 48,994,810.00
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