Al Murad Towers - Al Barsha 1  

Murad Tower is the only freehold residential building in Barsha 1; owned by Emaar Properties. Units in the building went on sale on the 6th of November 2016, selling out within a few hours of launch. Al Murad Tower consists of studio, one and two bedroom units; some apartments are now available for sale on the secondary market.

Master Community: Al Barsha 1
Property Types Available: Apartments
Location: Sheikh Zayed Road, Al Khail Road, Umm Suqeim Road
Status: Ready
Year Launched: 2008
Year Completed: 2011
Developer: Emaar
Title Type: Freehold
Quality Classification: High-end
Height Classification: Mid-rise
Life Cycle: Emerging
Special Classification: Residential Building with some retail
Ready Apartments: 145

Al Murad Towers by Emaar in Barsha - Investment Guide

 Published on Oct 29 2016   4,646 Views

 Source: LOOKUP.AE

 Category: Investment Guide , Project Walk Through , Project Introduction

Located in Al Barsha; behind Mall of Emirates.
This Emaar property is about to go on sale in the first week of November. The building is ready and mainly one and two bedroom units will be available to purchase. For more information, please contact +971.56.4087616

Al Murad Towers by Emaar sold out on launch date.

Units expected to be available in the secondary market shortly. Please call +971-50-7086765 to learn more.

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About Al Murad Towers

Overview

- Al Murad Towers was completed in 2012; and purchased by Emaar Properties sometime in 2014/2015. Emaar have refurbished the building and facilities.

- All units are vacant and refurbished

- There are only 18 studios, sizes of 483 - 597 sq. ft.

- Total of 90 one bedrooms; sizes range from 777 - 864 sq. ft.

- Total of 37 two bedrooms; sizes of 1,114 - 1334 sq. ft.

- Emaar sold the units as ready-to-move-in on the 6th of November 2016.

- Selling prices for units ranged from AED 1350 - 1500 per sq. ft.

- Buyers were given a 90 day payment-plan; 20% down and 80% payable after 90 days through cash or finance.

- All apartments sold out on launch day itself.

November 2016 Launch Report & Feasibility

- Al Murad Towers are a ready, freehold building in Barsha, close to Mall of Emirates and managed by Emaar. The project received an incredible response; with all 140 units being sold out within hours of sales commencing.

- Al Murad Towers was launched and sold out on the 6th of November 2016 at prices ranging from AED 1,350 - 1,500 per sq ft. Buyers were offered a 90 day payment-plan (20% down and 80% payable after 3 months).

- The rapid sales progress and strong appetite in the market for this product is a strong indication of some good market sentiment at the moment.

- The first units are available for sale on the secondary market at premiums ranging from 10 - 15%. Prices below include premiums but not closing costs.

- Studio units from AED 995,000

- 1 Beds from AED 1.25 - 1.28 million

- 2 Beds from AED 1.89 - 1.92 million

Positives of Al Murad Towers

Negatives of Al Murad Towers

Amenities of Al Murad Towers

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