Asayel

The Asayel project by Dubai developer Meraas offers a completely new living experience in the luxurious resort community of Madinat Jumeirah Living. The apartments in these relatively small homes, by Dubai standards, are very bright, spacious, and equipped with high-quality amenities, including smart home systems and energy-efficient air conditioners for adjusting the comfortable microclimate in each room.

MJL - Madinat Jumeirah Living - is a community for those who appreciate the comfort of an eco-friendly life with plenty of pedestrian paths and cycling lanes. Asayel fully embodies the spirit of this community. Residents can literally breathe freely while sitting on their own balconies, enjoying a juice or freshly brewed aromatic coffee.

The architecture of the buildings is inspired by Arab traditions, further enhancing the living experience in the Emirates, surrounded by exteriors inspired by local culture. Naturally, the interiors also reflect the community's idea, with a predominance of natural materials in the finishes, mostly open layouts, restrained sandy colors, mosaics, intricate carvings, and engravings.

Location of Asayel by Meraas

Asayel apartments are suitable for families as well as young people looking for housing with convenient infrastructure. For residents, within the closed and guarded territory, there will be 24/7 access to an outdoor swimming pool with a lounge area, a gym, a restaurant, a sports court, and a barbecue area with everything necessary.

Parents will be pleased to know that prestigious schools, Collegiate American School and Al Arqam Private School, are located within 3 km from the cluster. Graduates of these educational institutions with high KHDA ratings easily get into universities with a worldwide reputation.

Within a few minutes' walk is Wild Wadi Park - the legendary water park of the Emirates with a 32-meter slide and a platform for parachute jumps from a height of 120 m. This place is loved by both children and adults. Moreover, it offers a mesmerizing view of Burj Al Arab, and the food and beverage establishments on the territory serve delicious dishes.

The road to City Walk and Mall of Emirates shopping centers will take no more than 5 minutes. The luxurious sands and beach services of La Mer are about 15 minutes away. A stroll along the tourist routes of Downtown or reaching offices in Business Bay will take approximately the same time as to Dubai International Airport - about 20 minutes.

Economic Attractiveness of Asayel

The real estate in Asayel is unique not only due to its architectural originality in the community's aesthetics but also due to its investment attractiveness. The demand for housing in Dubai's eco-districts is so high that it far exceeds the supply. Therefore, those who choose this cluster for investment will have a stable source of income from rentals with a high ROI.

Those who manage to buy property during the off-plan sales stage can potentially sell it at a higher price in the future. The location in a freehold zone allows property owners to have unrestricted ownership, even if they are non-residents of Dubai. However, it is not necessary to sell the apartment immediately as its value increases, as Dubai has no property or rental income tax. Therefore, renting out the property is much more profitable. In the spring of 2023, the ROI of a 1-bedroom apartment in this area reached 6.1%.

As of July 2023, the price of a 1-bedroom apartment starts at $504,087 / AED 1,850,000. It is possible to arrange a payment plan with the developer: 20/30/50. When the property is completed, foreign buyers of residential units can apply for an investor visa for a period of 10 years.