Azizi Development, a Dubai-based real estate developer, unveiled Aliyah Residence in 2019. The 17-storey building features sprawling spaces and stylish facades. The complex has a total of 346 residential and commercial units. Accommodations are fully furnished and available to buy and rent. Floor plans include studios, one- and two-bedroom apartments, and commercial spaces. Properties are fully completed and ready to welcome tenants.
Studios range in size from 13 sq. m (148 sq. ft) to 53 sq. m (573 sq. ft) and have spacious living rooms and modern kitchens. Studios have an annual rental cost that starts at AED 38,000 (USD 10,345), and units can be purchased for AED 520,000 (USD 141,573).
One-bedroom apartments range in size from 66 sq. m (714 sq. ft), and two-bedroom apartments have an average size of 277 sq. m (2,986 sq. ft). Units have large living rooms, kitchens with built-in appliances, staff quarters, spacious balconies, and panoramic windows. Apartments have an annual rental cost that starts at AED 70,000 (USD 19,057), and a one-bedroom residence can be purchased for AED 1,500,000 (USD 408,385).
Bur Dubai is a free economic zone and offers a wide range of high-quality services, including financial services that have contributed to the area’s increasing popularity. The district has a high concentration of residential and commercial real estate, and the demand for housing has steadily grown in recent years.
Bur Dubai attracts professionals from around the world. It is one of the city’s most entrepreneurial districts, which is appealing to investors. Aliyah Residence offers units that have a return on investment rate of 9.4%, which is above average for residences in the city. The developer also offers payment plans, so investors can take advantage of owning luxury real estate that generates a profit.