The Grandeur Residences is an apartment complex located on the crescent of The Palm Crescent, Palm Jumeirah artificial palm island in Dubai. The project from ETA Star Property Developers Ltd consists of two 6-story buildings, Mughal and Maurya, offering exclusive apartments, Taj Exotica Resort and Spa with a private beach and 10 comfortable villas. The design of the buildings is inspired by the architecture of Indian palaces, and the internal infrastructure of the complexes offers modern services for living on the shores of the bay.
The Grandeur Residences offer 1, 2 and 3-bedroom apartments ranging in size from 103 sqm (1,109 sq f) to 350 sqm (3,767 sq f). Each residence has a spacious living room with a fully equipped kitchen and breakfast bar, walk-in closet, smart home system, maid’s room and a balcony overlooking the Arabian Gulf and the Dubai skyline.
Palm Jumeirah’s residential complexes and hotels provide real estate for comfortable living. The island’s tourist attractions provide it with a stream of guests who wish to purchase short or long term rentals. The average rent for a 1-bedroom apartment at The Grandeur Residences is AED 100,000 (USD 26,000) and this type of property can be bought for AED 1,600,000 – AED 2,000,000 (USD 408,000 – USD 510,000). The average ROI on investments in apartments in the Palm Jumeirah area is 5.74%.