Afnan - Midtown - International Media and Production Zone  

Announced in Aug 2015, Afnan is a seven building residential development developed by Deyaar within IMPZ. In 2014, Deyaar announced that it will develop a 5 million sq. ft. parcel of land in IMPZ and Afnan is the first project to be announced within this parcel. The seven buildings range in height from G+6 to G+16. There are a total of 659 apartments of varying sizes - 132 studios, 374 one bedrooms, 143 two bedroom and 10 three bedroom units.

Master Community: Midtown
Property Types Available: Apartments
Location: Mohammad Bin Zayed Road
Status: Under Construction
Year Launched: 2015
Estimated Completion Date: August 2018
Developer: Deyaar
Title Type: Freehold
Quality Classification: Mid-end
Height Classification: Mid-rise
Life Cycle: Under Contruction
Under Construction Buildings: 7
Under-Construction Apartments: 659

Investment Feasibility & Decision Drivers

Snapshot summary for investing in Afnan

Investment Score

Value for Money
60%
Project Uniqueness
75%
Location & Connectivity
75%
Rental Yield Expectation
80%
Capital Growth Expectation
50%
More information on investment scores

Total Score

Synopsis

Sale Status: Partially sold out. Units available.

Payment Plan: Very investor friendly

Ideal for: End-Users & Investors

Price Range: AED 950 PSF - AED 1,100 PSF

Unit Types Available: 1 Bedroom Apartment, 2 Bedroom Apartment, 3 Bedroom Apartment

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What Our Experts Think

If you're considering buying an off-plan project in IMPZ, Jumeirah Village Circle or Dubai Sports City - then we highly recommend Deyaar's Midtown development, which as of October 2016 has two districts - Afnan and Dania.

This project is unique because it is a community development rather than a stand-a-lone project. Midtown consists of 13 buildings with retail, communal facilities and other shared amenities. It is close to a mall and has a prime location which connects back to main Dubai and also the future of Dubai - think Dubai South.

There are 1, 2 and 3 bedroom apartments available on an exceptional payment-plan (60% payable during construction and 40% payable post completion). So pay AED 10,000 down, and pay AED 6,000 - 10,000 a month till completion. Pay remaining 40% over 2 years after you get your apartment by 5% quarterly installments.

- Updated Oct 10, 2016

Midtown - Project Feasibility from key Deyaar executives

 Published on May 30 2016   260 Views   More Videos

 Category: Investment Guide

Midtown - Project Feasibility from key Deyaar executives

Studio, 1 and 2 bed apartments in Midtown, IMPZ now for sale on an incredible payment plan

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About Afnan

Units are now for sale in the Afnan District of Midtown, a brand new master-development located within IMPZ.

Two payment plans are offered to buyers:

Payment Plan Option 1:

Down-payment of AED 10,000

During construction period, make monthly payments of AED 5,000 for studios, AED 6,000 for one bedrooms, AED 7,000 for two bedrooms and AED 10,000 for 3 bedrooms.

Whatever the balance is remaining is payable on handover.

Payment Plan Option 2:

* Prices are increased by 5%

Down-payment of AED 10,000

During construction period, make monthly payments of AED 5,000 for studios, AED 6,000 for one bedrooms, AED 7,000 for two bedrooms and AED 10,000 for 3 bedrooms.

On handover, the buyer will have to pay the balance amount to make the unit 60% paid

Remaining 40% is payable over 2 years following completion (quarterly payments of 5% each).

Prices as of October 2016

1 Bedrooms range in size from 775 - 1,085 sq. ft. Selling prices range from AED 692,000 - 934,000.

2 Bedrooms range in size from 1,059 - 1,469 sq. ft. Selling prices range from AED 936,000 - 1,209,000

Positives of Afnan

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