Topaz Avenue is a 17-storey residential complex located in the Al Furjan district of Dubai. The project was developed by Grand Properties. Construction began in 2018 and was completed in 2020.
Apartments range in size from 1,010 sq. ft. (94 sq. m) to 1,989 sq. ft. (185 sq. m), and properties in Al Furjan have an average price of AED 964,000 (USD 263,000).
Al Furjan is a vibrant part of Dubai, and it offers a well-developed infrastructure and easy access to popular attractions. As a result, properties in Al Furjan are in high demand.
Topaz Avenue is one of the area’s most popular residential complexes. Properties have a return on investment rate of approximately 6.72%. Units can be purchased to subsequently rent out. The annual rental rate for an apartment at Topaz Avenue ranges from AED 55,000 (USD 15,000) to AED 75,000 (USD 21,000), depending on the floor plan. The average payback period for apartments in the area ranges from 15 to 18 years.