Zaafaran Residences by Emaar Properties

About the Development

Zaafaran Residences is a large sub-community within the Old Town, which is located in the Downtown Dubai area. It consists of three low-rise buildings and two medium-rise towers. The complex includes 1 to 3 bedroom apartments of 920-3,000 square feet. The developer of the project is Emaar Properties. Construction on all Zaafaran Residences units is complete.

All units include a fully equipped, modern kitchen and master and guest bathrooms, living and dining areas. Properties are priced from AED 1,752,000 (USD 477,000).

The following amenities are provided inside the community:

• a fire safety system
• a children’s play area
• a tennis court
• access to underground parking
• central air conditioning
• indoor and outdoor swimming pools
• fitness clubs and gyms
• squash and tennis courts
• a concierge service
• 24 hour security

Location

Zaafaran is a residential area in the Old Town close to Al Asayel Street. Residents have access to the emirate’s key highways. There are several bus and streetcar stops such as South Ridge Tower 1 and Burj Khalifa, and The Palace Hotel within a 5-minute walk.

The buildings are built in a popular tourist area, surrounded by stores and restaurants with Arabic, Indian and European cuisine.

Thanks to its location in the most famous area of Dubai, Zaafaran residents have access to a variety of popular destinations and establishments:

• Kindzania children’s entertainment center is a 10-minute drive or a 15-minute walk away
• Dubai Mall is just a 10-minute walk away
• Burj Khalifa is a 5-minute drive or 20-minute walk away
• Palm Jumeirah is about 25 minutes away
• The five-star Burj Al Arab Hotel is a 20-minute drive away
• Dubai International Airport is about a 20-minute drive away
• Al Maktoum International Airport is a 50-minute drive away.
• The Walk JBR is 30 minutes away
• Canadian School Dubai University is 10 minutes away
• There are also several traditional Arabian markets such as Manzil Souk and Souk life within a 5 minute walk of the community. The closest Blossom Downtown Nursery Dubai is only a 5-minute walk away. The nearest Horizons English School is about a 10-minute drive away.

Payback

Old Town is a very quiet place, despite its location in the heart of Dubai. The architecture with ancient elements attracts the views of passers-by, because it looks unusual in the heart of a relatively new city.

The popular location of Zaafaran Residences allows residents to have access to almost all the facilities they want without having to worry about loud noise from the street at night. This feature explains the interest of investors and tenants in the properties in the area.

The location of Zaafaran Residences in a sought-after tourist area makes it not only a convenient place to live, but also a promising investment vehicle. The yield on real estate in the area is estimated at 5.25% per annum.