Murooj - Al Furjan

Murooj Al Furjan is the latest project with 418 standalone villas by the well-known developer Nakheel Properties and the area is Al Bari. Murooj means "green fields" in Arabic, and it is set among the extensive landscaped green spaces and walkways in the area. The first phase of the project comprises 314 four-bedroom villas and 104 five-bedroom villas for sale in Al Furjan. 

The design of the villas features a large entrance foyer, floor-to-ceiling windows, built-in wardrobes, spacious living and dining areas, maid’s quarters, plenty of storage space, a garage for three vehicles, a private back garden, as well as landscaped front and side areas. Villas in Murooj by Nakheel Properties with five bedrooms will also have a driver’s room. The construction of the project will begin this year, in 2021 and the anticipated completion date is Q2 2024. At this point, investors and end-users have an attractive opportunity to purchase off-plan properties at affordable prices. 

The BUA of villas with four bedrooms ranges from 2,932 to 3547 sqft, while the total area of the plot is 4,919 to 7,910 sqft. Residents of Nakheel Murooj Al Furjan Villas can get their essentials and groceries at Spinneys Al Furjan, which is a part of the community center in Al Furjan Pavilion. 

Located just 5 minutes away by car, the center also features a swimming pool, cafés and restaurants, retail facilities, and a mosque. There is also the Medicentres Polyclinic for healthcare services. Homebuyers with children will be glad to know that the Arbor School, the first sustainable school in Dubai, is extremely close by. Murooj Al Furjan will be located just 15 minutes from the Expo 2020 site, which means it is a great long-term investment. 

The project has already received a spectacular response from investors, with 217 villas sold out within 4 hours of the launch. In Al Furjan, four-bedroom villas generate ROI of 5.9%. The average rental price for such a residence costs AED 124,000, USD 34,000 per annum. When calculating net profit, one has to take into account management fees (about AED 4,400, USD 1,200) and 5% income tax (approx. AED 6,200, USD 1,700), thus, the estimated net profit amounts to AED 120,000, USD 33,000.