Fay Alreeman by Aldar Properties - Image 1
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Al Shamkha-Al Shamkha

Fay Alreeman by Aldar Properties

by Modon

Starting from AED 2,900,000
Villas

About the Project

Nestled in the coveted area of Al Shamkha, Fay Alreeman is a prestigious residential project by the largest listed developer in the UAE; Aldar Properties. This development is available exclusively for UAE nationals, and prospective real estate buyers are presented with the opportunity to choose from a selection of 3–6 bedroom villas, from a total of 554 units. The GFA of the properties range from 3,239 sq. ft to 5,360 sq. ft, providing enough living space for large families with children. In terms of layouts, the villas in Fay Alreeman will boast a private swimming pool, a majlis, a maid’s room with an attached bathroom, and a driver’s room. There will also be a terrace with a bbq area and a garage. For a more customised look, the master developer is offering buyers the opportunity to choose from three design options for specific villas, including Mediterranean, Modern Arabic and Contemporary styles. All units are sold unfurnished, however, there is a Premium package available, which includes kitchen and laundry appliances. Potential buyers and investors also have the opportunity to upgrade with premium finishes and a marble staircase, as well as change the floorings in the bedrooms.

Available Units

Villas

Nearby Landmarks

Due to the rise in demand for luxurious residential complexes and land plots in the Al Shamkha area
the investment in Fay Alreeman has high capitalization potential. That being said
in the case of the first phase of Alreeman
more than 80% of land plots were sold out within a month from the launch date
which proves the ongoing interest from real estate investors in this development. When buying a villa in this project
you will be able to use it not only as a private residence
but also to generate lucrative income. According to Property Finder
the average annual rental price for a three-bedroom villa in Al Shamkha is AED 110K (USD 30K)
as of Q2 2022
and the ROI in this area is set at around 7%.

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