About this property
Olive Park Residence
Situated in the vibrant International City 2, Olive Park Residence offers exceptional connectivity and convenience.
-Building Overview:
- Total of 106 residential units: 76 studios and 30 1-BHK apartments.
- Spread across a basement, ground floor, and 1st to 5th floors.
- Plot Size: 26,124ft²; Built-Up Area: 107,070 ft²; Sellable Area: 63,464 ft².
Amenities and Utilities:
- Facilities include a gym, swimming pool, and a multi-purpose room.
- Equipped with a centralized gas system and SIRA-compliant CCTV.
- Offers male and female changing rooms and showers.
Parking:
- Total of 109 parking spaces: one for each flat plus 3 extra.
- Parking floors are located in the basement and ground levels.
-High-Quality Finishes:
- Elegant Armani Grey and White Wood Marble in entrance and lift lobbies.
- Kitchens with off-white quartz tops and bathrooms with Vitra sanitary ware.
- Light fittings feature energy-efficient LED technology.
Financial Highlights:
- Selling Price: AED 58,000,000.
- Net Annual Rent: AED 4,350,000 with an attractive ROI of 7.5%.
- Net Rent for 3 Years: AED 13,050,000.
Safety and Systems:
- Advanced fire safety with Naffco fire pump and alarm system.
- Trane AC units and Guardian double-glazed sunguard HD glazing.