Ahad Residences
Ahad Residences is a 30 storey residential building located in the heart of Business Bay. It has a mix of studio, 1, 2 and 3 bedroom apartments. Ahad offers a unique living experience, allowing residents to be a part of a vibrant, modern and dynamic community.
This project is being developed by AHAD Group and the contractor is a well known, reputable Singaporean developer called Evan Lim-Penta who is heavily involved with the project. They have built several high-end projects in Dubai, including the Sofitel Palm Jumeirah and Saba Tower in JLT. Recently, they were recognised for their work on the Singapore, Netherlands, and Sweden pavilions at Expo 2020.
This project is being developed by AHAD Group and the contractor is a well known, reputable Singaporean developer called Evan Lim-Penta who is heavily involved with the project. They have built several high-end projects in Dubai, including the Sofitel Palm Jumeirah and Saba Tower in JLT. Recently, they were recognised for their work on the Singapore, Netherlands, and Sweden pavilions at Expo 2020.
Why did we choose this property?
- We have decided to invest in the Ahad Residences project for several compelling reasons related to its attractiveness and potential. First and foremost, the location of this project in the Business Bay business district makes it particularly appealing. Business Bay has always enjoyed and continues to enjoy high demand due to its strategic location and rich infrastructure.
- The Ahad Residences project itself has just been completed, but we are confident in its potential for value growth. This is justified not only by its prestigious location, but also by the reputation of the developer, AHAD Group. AHAD Group is known for its innovative projects and high quality standards. In its long and successful history of real estate development, AHAD Group has solidified its reputation, making their projects in demand and desirable in the real estate market. The past success and quality of the developer's work confirm our expectations regarding the potential for value growth of Ahad Residences.
- Thus, the choice of the Ahad Residences project is linked to its attractive location in Business Bay, a constantly sought-after area, as well as confidence in the quality and reputation of the developer, AHAD Group, which confirms our expectations regarding the potential for future value growth of this property.
- In this building and within a 5 km radius, there is everything that people who rent apartments for short-term stays need.
STATISTICS BY AREA
The analysts in the product department at MASTERPIECE company make data-driven decisions. Based on the charts, it is clear that the real estate prices and annual rent in Dubai show positive dynamics and are among the top performers.
REAL ESTATE COST
REAL ESTATE COST
REAL ESTATE COST
REAL ESTATE COST
Average annual rental cost
Average annual rental cost
LOCATION
Ahad Residences is the perfect choice for living and investment, as it is located in the heart of the Business Bay business district in Dubai. This strategic location gives this residential complex a number of advantages that make it particularly attractive.
Firstly, Business Bay occupies a central position in the emirate, which provides convenient and quick access to major city points and important landmarks:
Firstly, Business Bay occupies a central position in the emirate, which provides convenient and quick access to major city points and important landmarks:
- Dubai city center can be reached in just 10 minutes by car, making this location ideal for those who value proximity to the business and cultural center of the city.
- Sheikh Zayed Road, one of the main highways in Dubai, is only an 18-minute drive away, providing easy access to various neighborhoods and attractions.
- City Walk and Jumeirah district are conveniently located just a 10-minute drive away, offering diverse opportunities for shopping and entertainment.
- Dubai International Airport is easily accessible in just 15 minutes, making travel and business trips extremely convenient.
- Dubai Marina, one of the popular residential areas and tourist centers, is only a 20-minute drive away, providing access to restaurants, shops, and beaches.
- Palm Jumeirah Island is also easily accessible, just a 20-minute drive away, allowing you to enjoy its unique entertainment and beaches.
These advantages make Ahad Residences in Business Bay an attractive choice for both permanent residence and real estate investment in Dubai, providing easy access to key locations in the city and extensive opportunities for comfortable living and leisure.
For customers renting apartments for a short period of time, the following amenities are required:
- Outdoor Lounging Pool
- Indoor Gym
- Outdoor Calisthenics Park
- Sauna Room
- 24/7 Security
- Valet Parking
- Concierge Service
- Retail Shops
And all of this is available in our building!
Examples of apartment interiors:
Exclusive offer for November MASTERPIECE PROPERTIES
Area: 457 sqft
Bedrooms: studio
Floor: 22
Bedrooms: studio
Floor: 22
$ 277 700
AED 1 020 000
AED 1 020 000
The cost of real estate and how much you can earn
- $ 277 700Apartment cost
- $ 2 777 (12%)Monthly income
- $ 694 (3%)Expenses for management
- $ 2 083 (9%)Your net income
☆ This income you will receive guaranteed, even if fail to rent out the apartment.
ROI 9% / Payback 11.1 years
Passive income
Passive income
Exclusive offer for November MASTERPIECE PROPERTIES
Area: 920 sqft
Bedrooms: 1
Floor: 22
Bedrooms: 1
Floor: 22
$ 558 133
AED 2 050 000
AED 2 050 000
The cost of real estate and how much you can earn
- $ 558 133Apartment cost
- $ 5 581 (12%)Monthly income
- $ 1 396 (3%)Expenses for management
- $ 4 185 (9%)Your net income
☆ This income you will receive guaranteed, even if fail to rent out the apartment.
ROI 9% / Payback 11.1 years
Passive income
Passive income
If you, or your close ones visit Dubai, you're welcome to stay in the apartments you've invested in.
To offset the property management costs, a 20% fee of the actual cost will be incurred during your stay.
For instance, if the nightly rent is 500 dirhams, you'll be charged 100 dirhams for your own stay.
For instance, if the nightly rent is 500 dirhams, you'll be charged 100 dirhams for your own stay.
We prioritize ensuring that the real estate
purchasing process is convenient and easy
to understand for you.
purchasing process is convenient and easy
to understand for you.
Therefore, we have provided a detailed description of each step involved:
During the initial stage, it is necessary to make a deposit of 10% of the property value to confirm your seriousness and readiness to proceed with the purchase.
Your deposit will be transferred to us and held until the completion of the final settlements and registration of the transaction with the Land Department.
This is to ensure your confidence in receiving a refund of the deposit in case the deal does not proceed at the seller's initiative. If the deal falls through due to your fault, your deposit will be transferred to the seller as compensation.
The deposit can be made in one of the following ways:
Please contact Buyer B and our company through this link: link to file
Your deposit will be transferred to us and held until the completion of the final settlements and registration of the transaction with the Land Department.
This is to ensure your confidence in receiving a refund of the deposit in case the deal does not proceed at the seller's initiative. If the deal falls through due to your fault, your deposit will be transferred to the seller as compensation.
The deposit can be made in one of the following ways:
- Payment to the company in Dubai
- Check
- Cash in Dubai
- Payment in cryptocurrency (USDT)
- Passport
- ID (if available)
- Phone number
Please contact Buyer B and our company through this link: link to file
A No Objection Certificate (NOC), or permission from the developer, is a notification that confirms that the seller has no outstanding dues to the developer. The process of obtaining this permission for selling the property can vary in duration, typically ranging from one day to two or three weeks, depending on the specific construction company.
Once you have obtained this permission from the property seller, you will be able to officially transfer the property you are acquiring.
Once you have obtained this permission from the property seller, you will be able to officially transfer the property you are acquiring.
The agreement for purchasing and transferring the property is processed through the official online portal of the government and will be sent to you via email for your electronic signature.
There is no requirement for notarizing real estate transactions in the UAE, as a simple written form is sufficient.
The sales agreement for the property should include the following points:
MOU - Final Sales Contract: link
There is no requirement for notarizing real estate transactions in the UAE, as a simple written form is sufficient.
The sales agreement for the property should include the following points:
- The specific property being sold,
- The total cost of the property being acquired,
- Any additional payments related to the transaction (such as agent's commission, payments to the developer, registration fees with the Land Department, reimbursement of pre-paid expenses for maintenance, etc.),
- The time limit for completing the sales transaction,
- The deadlines and procedures for making payments,
- The responsibility of the parties in the event of failure to comply with the contract terms.
MOU - Final Sales Contract: link
The Dubai Land Department maintains an electronic property registry. When you and the seller apply to register the transfer of ownership rights, you will receive a Title Deed certificate immediately. This certificate will confirm your ownership rights to the property you have acquired.
Title Deed: Link to Title Deed
To complete the registration process with the Land Department, you must provide the following documents:
The registration of the property for the new owner is conducted offline at the Land Department. If you are unable or prefer not to be present at the Land Department for the registration process, you have the option to authorize our agent through a notarized power of attorney. The fee for online notarization of the power of attorney is $700. During the property registration process, you and the seller will need to settle the final payments for the sales transaction. Before issuing the registration certificate, the government registrar will ask both you and the seller to make mutual settlements and sign a document confirming that the seller has no claims regarding payment for the property. Typically, settlements are made by transferring pre-prepared bank cheques from you to cover the required amounts. If you do not have a bank account in Dubai and are unable to issue a bank cheque, we can assist you. You have the option to make settlements with us in any convenient form, such as cash or cryptocurrency.
Title Deed: Link to Title Deed
To complete the registration process with the Land Department, you must provide the following documents:
- Original passports of both the buyer and seller.
- Original property registration certificate under the seller's name.
- Original No Objection Certificate (NOC) issued by the developer, allowing the property sale.
- Copy of the sales and purchase agreement.
The registration of the property for the new owner is conducted offline at the Land Department. If you are unable or prefer not to be present at the Land Department for the registration process, you have the option to authorize our agent through a notarized power of attorney. The fee for online notarization of the power of attorney is $700. During the property registration process, you and the seller will need to settle the final payments for the sales transaction. Before issuing the registration certificate, the government registrar will ask both you and the seller to make mutual settlements and sign a document confirming that the seller has no claims regarding payment for the property. Typically, settlements are made by transferring pre-prepared bank cheques from you to cover the required amounts. If you do not have a bank account in Dubai and are unable to issue a bank cheque, we can assist you. You have the option to make settlements with us in any convenient form, such as cash or cryptocurrency.
How can we effectively manage real estate to achieve a 9% annual return?
The initial and crucial step in transferring an apartment to our management is to sign a three-year cooperation agreement. This agreement outlines the specific conditions to be followed and establishes the monthly payment amounts that you will receive.
Furthermore, the agreement specifies the preferred method of payment to ensure your utmost convenience when receiving funds.
This agreement serves as a guarantee of our commitment to transparency and our long-term partnership.
What does our guarantee include?
Furthermore, the agreement specifies the preferred method of payment to ensure your utmost convenience when receiving funds.
This agreement serves as a guarantee of our commitment to transparency and our long-term partnership.
What does our guarantee include?
- Register with DTCM
- Pay utilities (DEWA), gas, AC, Wi-Fi
- Pay consumables as per DTCM guidelines, including bedding, towels, crockery, etc.
- Cleaning
- Advertise for tenant search
- Facilitate tenant check-in and check-out
- Service Charge
- Pest control
- Provide preventive maintenance up to AED 500
- Repairs
- Furnishing
- Decorations
The next step in our process is to prepare the real estate property for handover, making sure it meets the high standards set by DTCM.
If needed, we will handle any necessary repairs and ensure the property is fully furnished, in line with DTCM standards. Furthermore, we always make sure to thoroughly clean the apartment to ensure our clients are satisfied.
We proceed with a professional photoshoot of the property to list it on dedicated platforms for client search. It is worth mentioning that other companies frequently impose a commission of 500 AED or higher for comparable services.
Our objective is to guarantee meticulous preparation of the property and provide our clients with supplementary services without any additional charges.
If needed, we will handle any necessary repairs and ensure the property is fully furnished, in line with DTCM standards. Furthermore, we always make sure to thoroughly clean the apartment to ensure our clients are satisfied.
We proceed with a professional photoshoot of the property to list it on dedicated platforms for client search. It is worth mentioning that other companies frequently impose a commission of 500 AED or higher for comparable services.
Our objective is to guarantee meticulous preparation of the property and provide our clients with supplementary services without any additional charges.
We advertise our apartments to a diverse international and local audience through popular online platforms like Dubizzle, Bayut, Property Finder, Booking.com, Airbnb, as well as through our own agency network.
Our experienced sales team can secure tenants for your apartment within two weeks. With our wide network of contacts and effective marketing strategies, we ensure a quick and efficient rental process for your property.
Our experienced sales team can secure tenants for your apartment within two weeks. With our wide network of contacts and effective marketing strategies, we ensure a quick and efficient rental process for your property.
At our company, we understand the importance of happy and satisfied clients. That's why we go above and beyond to provide exceptional service to each of our landlords. Our team is available 24/7 to address any concerns or queries.
In addition, we offer flexible check-in and check-out times that cater to the needs of our tenants. We strive to make their experience as convenient as possible.
We establish formal contracts with every landlord, ensuring the security of both our company and our clients.
Before moving in, each tenant provides a deposit, ensuring the safety of their belongings in the rented apartment.
In addition, we offer flexible check-in and check-out times that cater to the needs of our tenants. We strive to make their experience as convenient as possible.
We establish formal contracts with every landlord, ensuring the security of both our company and our clients.
Before moving in, each tenant provides a deposit, ensuring the safety of their belongings in the rented apartment.
Following the departure of each tenant, we diligently inspect the apartment and assess the condition of the furniture for any damages or signs of wear. In the event that damages are identified, we promptly reach out to the tenant and deduct the appropriate amount from their deposit. This meticulous process guarantees the upkeep of the property and furniture in excellent condition for future tenants, while also ensuring compliance with deposit agreements.
Each month, on the 10th, we will provide you with an interest payment of 9% per annum based on your preferred payment method.
We offer the following payment methods for your convenience:
We offer the following payment methods for your convenience:
- Bank transfer
- Cryptocurrency payment
- Payment to your bank card
- Cash payment
What sets us apart from other real estate agencies in Dubai?
Our values are honesty and integrity.
We're driven by honesty and integrity. While some agencies may focus on high commissions, we prioritize the excellence of our services. We're not just about selling high-commission properties. We put client satisfaction first.
1
We're driven by honesty and integrity. While some agencies may focus on high commissions, we prioritize the excellence of our services. We're not just about selling high-commission properties. We put client satisfaction first.
2
Our team is highly experienced and knowledgeable in property selection. Unlike some agencies that might hire newbies, we have seasoned professionals who understand the real estate investment market and the ins and outs of Dubai. Our founder, Alexey, brings 13 years of experience in the Dubai market. Along with a team of specialists, we select the most suitable properties.
3
We also have the unique advantage of working with a property management company, giving us insights into the potential income a property can yield.
With 13 years under our belt, we have a deep understanding of the Dubai real estate market. Some agencies may be recent entrants, focusing on capitalizing on a booming market rather than delivering value.
With 13 years under our belt, we have a deep understanding of the Dubai real estate market. Some agencies may be recent entrants, focusing on capitalizing on a booming market rather than delivering value.
4
Our expertise lies in selling properties for investment. Unlike many agencies that sell properties based on demand, we delve into the numbers and analytics.
5
We operate a property management company, allowing us to assure profitability for our clients. This also saves them from the trouble of having to rent out their properties themselves.
6
We guarantee our clients' profitability contractually. This shows our readiness to share risks and responsibilities.
7
As a group of companies offering a broad spectrum of services, we're able to cater to the needs of individuals visiting or residing in Dubai, acting as a trustworthy concierge service. We put quality and service above all else.
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We stand out from most agencies by having a quality control department that supervises every process within the company.
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The fact that 90% of our clients would recommend us speaks volumes.
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The owners see this company as a lifelong commitment, pouring their heart and soul into delivering the best service possible.
dear client,
Managing Partner MASTERPIECE PROPERTIES
We look forward to having you as our client and part of the MASTERPIECE family.
We prioritize building a long-term relationship with each client.Your comfort and value are important to us.
Our managing partner, Kir Tkachuk, maintains communication with all clients.
ceo@masterpiece.realestate
Kir Tkachuk
