Anwa by the developer Omniyat is a tower of 44 floors and 225 apartments located on the shores of the Persian Gulf. It is currently the tallest residential complex in the area. The project was launched in 2014 at an initial cost of AED 600,000,000 (USD 163,000,000). The tower is 90% complete in 2021.
Studios, 1, 2 or 3-bedroom apartments can be purchased in the building. All residences feature large terraces and high ceilings. The minimum size of the apartments is 436 sq. ft (40.5 sq. m). All units have marble and Italian ceramic tile floors.
Residents of Anwa by Omniyat will have access to a swimming pool, gym, and gardens for sports and comfortable recreation.
A studio at Anwa by Omniyat of 469 sq. ft (44 sq. m) can be purchased for AED 800,000 (USD 218,000). A one-bedroom, two-bathroom apartment of 991 sq. ft (92 sq. m) will cost AED 1,500,000 (USD 408,000). A two-bedroom, three-bathroom apartment with 1,355 sq. ft (126 sq. m) will cost AED 2,414,000 (USD 657,000). The minimum price for a three-bedroom, four-bathroom apartment of 1,900 sq. ft (177 sq. m) would be AED 3,510,000 (USD 956,000).
Dubai Maritime City is an artificial peninsula of 2.27 million sq. m. The area is divided into six neighborhoods, each of which has its own features. Dubai Maritime City is a free economic zone and a modern port.
Not far from Anwa by Omniyat, in other sectors of the peninsula, are a maritime academy, a museum, and an oceanography center. Also on the peninsula is developed active recreation opportunities, including diving, yachting and other activities. The beach and promenade are within walking distance.
In 20 minutes are most of the key attractions of Dubai – Burj Khalifa, the opera house, and the airport. The nearest schools, kindergartens, and medical facilities can be reached by car within a few minutes.
It is too early to talk about the payback of this area, because the main development here is commercial real estate belonging to the free economic zone. Anwa, by the developer Omniyat, is the first residential project on the Dubai Maritime City peninsula.
If we take similar areas with apartments of the same value as an example,, which will be put into use in the next year, we can predict a minimum return on investment in the region of 5.2 – 5.5%. With the completion of infrastructure improvements the figure should increase slightly.