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Ready building · Mazaya

Monaco Residency, Wadi Al Safa 2

Highlights

Monaco Residency at a glance

About Monaco Residency

Monaco Residency is a residential building in Wadi Al Safa 2, Dubai, developed by Mazaya. It holds about 40 units: 1-bedroom apartments, 2-bedroom apartments, 3-bedroom apartments. Depending on the unit, windows look out over Burj Khalifa.

The building was completed in 2014 and has been in use for about 12 years. Few units have changed hands recently, so prices here are set by a small number of sales. Recent sales went through at a median of AED 662 per sq ft.

Monaco Residency is one of 104 buildings in Wadi Al Safa 2: 73 are complete and 17 are still being built.

In a nutshell

  • A residential ready building
  • Located in Wadi Al Safa 2, Dubai
  • Developed by Mazaya
  • Completed in Q3 2014
  • Unit types: 1 Bed, 2 Beds, 3 Beds
  • Sizes from 570 to 1,620 sq ft
  • Views: Burj Khalifa
Status
Ready
Developer
Mazaya
Location
Wadi Al Safa 2, Dubai
Completed
Q3 2014
Unit types
1 Bed, 2 Beds, 3 Beds
Prices from
AED 378.0K
Median price per sq ft
AED 662
Median gross yield
9.5%
Nearest metro
Dubai Silicon Oasis, 3.3 km

Photos of Monaco Residency

Building details

Inside Monaco Residency

Properties in Monaco Residency

1-bedroom apartments in Monaco Residency

There are about 25 of these in Monaco Residency, from 570 to 810 sq ft. None has sold recently enough to quote a price.

2-bedroom apartments in Monaco Residency

There are about 10 of these in Monaco Residency, from 970 to 1,530 sq ft. None has sold recently enough to quote a price.

3-bedroom apartments in Monaco Residency

There are about 5 of these in Monaco Residency, from 1,620 sq ft. None has sold recently enough to quote a price.

Unit types in Monaco Residency with sizes, median prices and rents
Unit typeUnitsSizeMedian priceMedian rent
1 Bed25570 sqft53 sqmt – 810 sqft75.3 sqmtNo recent sales–
2 Beds10970 sqft90.1 sqmt – 1,530 sqft142.1 sqmtNo recent sales–
3 Beds51,620 sqft150.5 sqmtNo recent sales–

Recent transactions in Monaco Residency

  • Monaco Residency, Qpoint

    Liwan

    AED 401.8K

    AED 662 /sqftAED 7,126 /sqmt

    ReadyApartment
    607 sqft56.4 sqmt1 BedDeveloper22 Oct 2015
  • Monaco Residency, Qpoint

    Liwan

    AED 434.9K

    AED 662 /sqftAED 7,126 /sqmt

    ReadyApartment
    657 sqft61 sqmt1 BedDeveloper22 Oct 2015
  • Monaco Residency, Qpoint

    Liwan

    AED 378.1K

    AED 662 /sqftAED 7,126 /sqmt

    ReadyApartment
    571 sqft53 sqmt1 BedDeveloper22 Oct 2015
  • Monaco Residency, Qpoint

    Liwan

    AED 401.8K

    AED 662 /sqftAED 7,126 /sqmt

    ReadyApartment
    607 sqft56.4 sqmt1 BedDeveloper22 Oct 2015
  • Monaco Residency, Qpoint

    Liwan

    AED 378.1K

    AED 662 /sqftAED 7,126 /sqmt

    ReadyApartment
    571 sqft53 sqmt1 BedDeveloper22 Oct 2015
  • Monaco Residency, Qpoint

    Liwan

    AED 535.5K

    AED 662 /sqftAED 7,126 /sqmt

    ReadyApartment
    809 sqft75.2 sqmt1 BedDeveloper22 Oct 2015
  • Monaco Residency, Qpoint

    Liwan

    AED 378.1K

    AED 662 /sqftAED 7,126 /sqmt

    ReadyApartment
    571 sqft53 sqmt1 BedDeveloper22 Oct 2015
  • Monaco Residency, Qpoint

    Liwan

    AED 535.5K

    AED 662 /sqftAED 7,126 /sqmt

    ReadyApartment
    809 sqft75.2 sqmt1 BedDeveloper22 Oct 2015
  • Monaco Residency, Qpoint

    Liwan

    AED 381.2K

    AED 662 /sqftAED 7,126 /sqmt

    ReadyApartment
    576 sqft53.5 sqmt1 BedDeveloper22 Oct 2015
  • Monaco Residency, Qpoint

    Liwan

    AED 378.1K

    AED 662 /sqftAED 7,126 /sqmt

    ReadyApartment
    571 sqft53 sqmt1 BedDeveloper22 Oct 2015
  • Monaco Residency, Qpoint

    Liwan

    AED 378.1K

    AED 662 /sqftAED 7,126 /sqmt

    ReadyApartment
    571 sqft53 sqmt1 BedDeveloper22 Oct 2015
  • Monaco Residency, Qpoint

    Liwan

    AED 381.2K

    AED 662 /sqftAED 7,126 /sqmt

    ReadyApartment
    576 sqft53.5 sqmt1 BedDeveloper22 Oct 2015
  • Monaco Residency, Qpoint

    Liwan

    AED 434.9K

    AED 662 /sqftAED 7,126 /sqmt

    ReadyApartment
    657 sqft61 sqmt1 BedDeveloper22 Oct 2015
  • Monaco Residency, Qpoint

    Liwan

    AED 381.2K

    AED 662 /sqftAED 7,126 /sqmt

    ReadyApartment
    576 sqft53.5 sqmt1 BedDeveloper22 Oct 2015
  • Monaco Residency, Qpoint

    Liwan

    AED 434.9K

    AED 662 /sqftAED 7,126 /sqmt

    ReadyApartment
    657 sqft61 sqmt1 BedDeveloper22 Oct 2015
  • Monaco Residency, Qpoint

    Liwan

    AED 401.8K

    AED 662 /sqftAED 7,126 /sqmt

    ReadyApartment
    607 sqft56.4 sqmt1 BedDeveloper22 Oct 2015
  • Monaco Residency, Qpoint

    Liwan

    AED 535.5K

    AED 662 /sqftAED 7,126 /sqmt

    ReadyApartment
    809 sqft75.2 sqmt1 BedDeveloper22 Oct 2015
  • Monaco Residency, Qpoint

    Liwan

    AED 401.8K

    AED 662 /sqftAED 7,126 /sqmt

    ReadyApartment
    607 sqft56.4 sqmt1 BedDeveloper22 Oct 2015
  • Monaco Residency, Qpoint

    Liwan

    AED 434.9K

    AED 662 /sqftAED 7,126 /sqmt

    ReadyApartment
    657 sqft61 sqmt1 BedDeveloper22 Oct 2015
  • Monaco Residency, Qpoint

    Liwan

    AED 535.5K

    AED 662 /sqftAED 7,126 /sqmt

    ReadyApartment
    809 sqft75.2 sqmt1 BedDeveloper22 Oct 2015

Every sale in Monaco ResidencyEvery rent contract in Monaco Residency

Nearby amenities

Around Monaco Residency

Transportation near Monaco Residency

Stations planned on new lines nearby include Dubai Silicon Oasis (blue line, 3.3 km, about 9 min drive) and Academic City (blue line, 3.6 km, about 9 min drive).

  • Dubai Silicon OasisBlue line · 3.3 km · about 9 min drive
  • Academic CityBlue line · 3.6 km · about 9 min drive
  • International City 2Blue line · 5.7 km · about 13 min drive
  • International City 1Blue line · 6.9 km · about 16 min drive
  • Auto MarketBlue line · 7.4 km · about 17 min drive
  • Global VillageGolden line · 7.6 km · about 17 min drive

Shopping and groceries near Monaco Residency

The closest is Spinneys / Dubai Silicon Oasis, 1.5 km from Monaco Residency (about 5 min drive).

  • Spinneys / Dubai Silicon OasisSupermarket · 1.5 km · about 5 min drive
  • Dubai Outlet MallShopping Mall · 4.7 km · about 11 min drive
  • Spinneys / International City, France ClusterSupermarket · 6.9 km · about 16 min drive
  • Lulu Express / France Cluster, International CitySupermarket · 6.9 km · about 16 min drive

Restaurants and hotels near Monaco Residency

The closest is Abidos Hotel Apartments, 2 km from Monaco Residency (about 6 min drive).

  • Abidos Hotel ApartmentsHotel · 2 km · about 6 min drive

Parks and leisure near Monaco Residency

The closest is Global Village, 7.6 km from Monaco Residency (about 17 min drive).

  • Global VillagePark · 7.6 km · about 17 min drive

Schools near Monaco Residency

The nearest is The Indian International School (Dso Branch), 1.4 km away. Ratings are the KHDA's latest inspection grades.

  • The Indian International School (Dso Branch)Indian · KHDA: Good · 1.4 km
  • GEMS First Point School L.L.CUK · KHDA: Very good · 2 km
  • GEMS Wellington Academy -FzeUK - UK/IB · KHDA: Very good · 2.4 km
  • Kent College L.L.C - FZUK · KHDA: Not inspected due to COVID 19 · 2.6 km
  • Lycee Francais International Georges Pompidou School (Dubai Branch)French · KHDA: Very good · 2.6 km
  • The Aquila SchoolUK - International Baccalaureate (1 · KHDA: Good · 2.6 km

Other buildings in Wadi Al Safa 2

Wadi Al Safa 2 has 104 buildings. A few others to compare Monaco Residency with:

Things to consider about Monaco Residency

In its favour

  • A median gross yield of 9.5% on recent sales.
  • Ready to move into or let, with no construction risk.
  • Several schools within 3 km.

Worth checking

  • Few sales each year, so a resale can take longer and prices move on a handful of deals.
  • Completed 12 years ago: ask about maintenance and any planned refurbishment.

Specialists

Brokers who know Monaco Residency

These brokers handle sales and lettings in Monaco Residency and can tell you what is available now.

FAQs

Monaco Residency: questions answered

Monaco Residency was developed by Mazaya in Wadi Al Safa 2.

Monaco Residency is completed in Q3 2014.

Across its 20 most recent registered sales, Monaco Residency sold for a median of AED 662 per sq ft and AED 401.8K per unit.

The median gross yield on recently sold units in Monaco Residency is 9.5%: the rent the unit earned over its purchase price, before costs.

Monaco Residency has 1 Bed (570 to 810 sq ft), 2 Beds (970 to 1,530 sq ft), 3 Beds (1,620 sq ft).

Dubai Silicon Oasis is about 3.3 km from Monaco Residency.

The nearest schools include The Indian International School (Dso Branch) (1.4 km), GEMS First Point School L.L.C (2 km), GEMS Wellington Academy -Fze (2.4 km).

Buying, selling or renting in Monaco Residency?

A broker who works Wadi Al Safa 2 will tell you what is available and what comparable homes went for.

Get a free valuation
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