Nook is an apartment complex divided into two separate buildings: Building 1 with 11 floors and Building 2 with 12 floors. The project was launched in October 2018 and is scheduled for completion in the first quarter of 2022.
Developed by Wasl, a major company that manages more than 40,000 properties in Dubai, the project includes residential and commercial properties, as well as industrial land, hotels, and serviced apartments.
Nook is located on Sheikh Zayed Road in Wasl Gate, near the Dubai Investment Park. The project will have more than 6,000 residential units with floor plans featuring one, two, and three-bedroom apartments.
Two-bedroom apartments range in size from 67 sq. m (721 sq. ft) to 84 sq. m (904 sq. ft) with a starting price of AED 709,999 (USD 193,296). They include stylish interiors, equipped bathrooms, built-in closets, spacious kitchens, balconies, and living rooms.
Three-bedroom apartments range in size from 91 sq. m (979 sq. ft) to 93 sq. m (1001 sq. ft) with a starting price of AED 899,999 (USD 245,024). All residential units will be sold unfurnished.
Jebel Ali is an area with a developed economy, which makes investing in residential properties a profitable venture. In addition, the profitability of local real estate is growing each year, due to the area’s well-developed infrastructure and the generally high standards in residential accommodations.
The return on investment rate averages 6%. According to the forecasts of analysts in the new year, investors can expect a significant increase in profits from the rental and resale of apartments located in Jebel Ali.