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.

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 Construction
Under Construction Buildings: 7
Under-Construction Apartments: 659

Midtown - Project Feasibility from key Deyaar executives

 Published on May 30 2016   653 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

Project Completion Status (as per DLD): 41.07% (as of 10 July 2018)

Dubai Land Classification & Escrow Account Details:

Land Number: 1025

Project Number: 1672

Real Estate Developer: Deyaar

Trust Account Number: 001582111240401

Account Trustee Name: Dubai Islamic Bank

RERA Permit No : 15128

Brokerage Firm: Taktical Realty Group LLC

Positives of Afnan

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