District Al Furjan

1. Location and History
2. Attractions
3. Beach Leisure
4. Infrastructure and Living Amenities
5. Development of Residential Complexes and Real Estate
6. Popular Residential Complexes
7. Real Estate Properties
8. Transportation Accessibility
9. Investment Opportunities
10. Property Acquisition

Al Furjan is located in the southern part of Dubai, between the Jumeirah Village Triangle and Jumeirah Beach Residence neighborhoods. The neighborhood emerged as part of a strategic plan to expand the city’s residential area and integrate diverse communities. The name “Al Furjan” translates from Arabic as “chariots”, which symbolizes movement and dynamic development. Construction of the neighborhood began in 2006 and by 2023 it will be home to more than 40,000 residents. Al Furjan covers an area of approximately 3.8 square kilometers, making it a compact but well-organized community.

Al Furjan offers a variety of attractions that appeal to both residents and visitors to the area:
– Al Furjan Community Park: a spacious 22,290 square meter park with lakes, sports fields and picnic areas.
– The Furjan Greens: green areas for relaxing and walking, as well as places for outdoor sports.
– Al Furjan Mall: a shopping and entertainment center with more than 150 stores, restaurants and VOX Cinemas, visited by about 10 thousand people daily.
– Al Khazzan Park: a popular family vacation spot with playgrounds and barbecue areas.

Although Al Furjan is not located directly on the beach, its convenient location allows easy access to the nearest beaches. The distance to Jumeirah Beach is approximately 15-20 minutes by car, where there are 5 kilometers of sandy coastline, clear water and a variety of water sports including jet-skiing and parasailing.

Al Furjan has a well-developed infrastructure to ensure a comfortable life:
– Education: there are more than 10 educational institutions in the area, including international schools such as Al Furjan Primary School and Jebel Ali School.
– Medicine: several medical centers and clinics, including Medical Centre Dubai.
– Trade and services: numerous supermarkets (Carrefour, Lulu Hypermarket), pharmacies, fitness centers, international restaurants and specialty stores.
– Sports and activities: fitness clubs, tennis courts, swimming pools and gyms are available to residents.

Al Furjan is actively developing with a number of residential developments completed and under construction. The area offers a variety of properties ranging from studio apartments to spacious villas and townhouses. The total number of residential units exceeds 15,000 and annual construction growth is around 8-10%. The area is planned to become one of the key residential centers of Dubai, attracting both locals and expats.

Al Furjan showcases several popular residential developments:
– Gan House: a modern residential complex with one and two bedroom apartments equipped with all necessary amenities.
– Mezzanine: luxury apartments with premium amenities such as swimming pools, fitness centers and gardens.
– Al Furjan Community Suites: a complex of studio and one-bedroom apartments ideal for young professionals and students.
– Greenhills Villa: villas and townhouses with private gardens and parking spaces, popular with families.

There are different types of real estate properties in Al Furjan:
– Apartments: studios, one-bedroom, one-bedroom, two-bedroom and three-bedroom apartments. The average rent for a one-bedroom apartment is about 45,000 AED per year and for a two-bedroom apartment about 75,000 AED per year. Purchase prices range from 700,000 AED for a studio to 2,000,000 AED for a two-bedroom apartment.
– Villas and townhouses: two- and three-level villas with an area of 200 to 400 square meters. The cost of renting a villa starts from about 120,000 AED per year, and buying one can cost from 1,500,000 AED and up.
– Commercial real estate: office space, retail space and stores in Al Furjan Mall. Prices depend on size and location, starting from AED 500,000 for commercial space.

Al Furjan provides excellent transportation accessibility:
– Metro: the nearest metro station is in the Jebel Ali neighborhood, about 20 minutes away.
– Buses: an extensive network of bus routes connects Al Furjan to key areas of Dubai, including Dubai Marina and Downtown Dubai.
– Highways: major traffic arteries such as Sheikh Zayed Road and Al Khail Road are in close proximity, providing quick access to various parts of the city.
– Cab and carsharing: cab (e.g. Careem and Uber) and carsharing services are widely available, providing the convenience of getting around the city.
The average travel time from Al Furjan to Downtown Dubai is about 25 minutes by car, and to Dubai International Airport is about 30 minutes.

Al Furjan is an attractive market for investment due to the following factors:
– Stable rental yields: the average return on investment in rental real estate is about 6-7% per annum.
– High rental demand: the neighborhood is popular with expats and young professionals, providing a steady stream of tenants.
– Projected price appreciation: due to continued infrastructure development and increasing number of residents, real estate capitalization is expected to increase by 5-8% in the coming years.
– Diversity of objects: the possibility to choose between residential and commercial real estate, which allows diversifying the investment portfolio.
– Government support: a stable legal framework and favorable conditions for foreign investors make Al Furjan a safe and promising choice.

The process of purchasing real estate in Al Furjan is available to both UAE residents and foreign investors:
1. Selection of the object: determination of the preferred type of real estate and residential complex.
2. legal check: contacting lawyers to verify the legal documents and the status of the property.
3. Obtaining financing: the opportunity to take advantage of mortgage loans from local banks such as Emirates NBD and Dubai Islamic Bank. The down payment is usually 20-25% of the property value.
4. Conclusion of the contract: signing of the sales contract and making the advance payment.
5. Registration of the transaction: registration of the property in the Dubai Land Department (Dubai Land Department) with payment of registration fee, which is about 4% of the value of the property.
6. Transfer of ownership: Once all formalities have been completed, ownership is officially transferred to the buyer.
Foreign investors have the right to own real estate in free zones (Freehold), which allows them to fully dispose of the acquired property, including the possibility of renting and further resale.