Aura
Apartments
By Azizi
350,000 AED
Starting Price
1-2BR
Available Units
Dubai
Location
Aura by Azizi is an 18-storey residential complex located in Jebel Ali, Dubai. The project was developed by Azizi Developments. Construction began in 2017 and was completed in December 2020.
About Aura
The master developer offers a convenient 70/30 payment plan, which includes a 20% booking fee. During construction and upon estimated completion in Q1 2028, you must pay 50% and 30%, respectively.
As of Q1 2024, the gross yield for 1-bedroom units in Business Bay averages at 6.4%. The starting price for rent is AED 53K (USD 14K) per annum. As you can see, you can receive a stable cash flow if you lease your property in Altitude de GRISOGONO.
According to DAMAC Properties, off-plan apartments in Business Bay recorded 73% capital value appreciation from Q1 2021 to Q4 2023. The surge was driven by the growing influx of tourists and expat workers. This means that you can profitably resell your property in this complex, even while it is still under construction.
Property owners in Altitude de GRISOGONO become eligible for either a 2- or 10-year visa, depending on the purchase price. Both of these visas include family sponsorship, while the 10-year Golden visa additionally covers domestic staff.
Downtown Jebel Ali is a modern community with upscale amenities. The area runs along Sheikh Zayed Road, which provides easy access to other parts of the emirate.
Properties at Aura Residence are in demand among tenants and investors. Units have a return on investment rate that ranges from 6% to 7%. Studios and apartments can be purchased to subsequently rent out, which can generate a long-term profit. Annual rental rate ranges from AED 29,000 (USD 8,000) to AED 63,000 (USD 17,000), and the estimated payback period ranges from 14 to 18 years.
Payment Plan
|
Developer
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Area from
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Townhouses
|
Total Amount of Units
|
Payment Plan
|
|---|---|---|---|---|
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DAMAC
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2,297 sq. ft.
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4-5BR
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1900
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70/30
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Amenities & Features
The complex provides a variety of amenities and services, including:
Units range in size from 320 sq. ft. to 1,357 sq. ft. and range in price from AED 350,000 (USD 95,000) to AED 2,198,000 (USD 598,000).
- Underground parking
- Onsite café and restaurant
- Health club and gym
- Landscaped gardens
- Shopping area
- Spa centre
- Swimming pool
- 24-hour security services
- 24-hour concierge services
- Central air conditioning
- Satellite TV
- High-speed internet
Nearby Facilities
The UAE Exchange Metro Station is located within a two-minute walk of the complex. The nearest bus stop, UAE Exchange Metro Station, can be reached within a five-minute walk.
Residents can take advantage of nearby facilities, including:
- 1762 JAFZA, Starbucks, and La Mensa Restaurant
- Ibn Battuta Mall
- Al Shahama Supermarket
- Les UK School
- DP World Clinic
Al Maktoum International Airport is situated within a 20-minute drive of the apartments. It can also be reached by public transportation within an hour.
The complex is located within a 10- to 20-minute drive of many popular destinations, including:
- Expo City Dubai, the site of the Expo 2020 global exhibition
- Switch Bowling, a bowling club in Ibn Battuta Mall
- Madame Tussauds, a museum with wax figures
