The Biltmore Residences Sufouh by GJ Properties in Al Sufouh, Dubai

The Biltmore Residences Sufouh by GJ Real Estate

GJ Real Estate, a major construction company, has launched a new upscale project The Biltmore Residences Sufouh in the UAE. The complex will be managed by Biltmore, a company famous for its opulent hotels worldwide.

The exclusive architecture of this 44-storey building was developed by the team from Gary Greene Designs.

The building will comprise two interconnected towers boasting a special façade design, creating an illusion of rotation.

The ground floor will accommodate a lobby with a recreation area, a bookshelf and a concierge desk. The residential area of the towers will comprise 480 high-end homes, including 1- and 2-bedroom apartments and 2- and 3-bedroom penthouses.

While the complex is under construction at The Biltmore Residences Sufouh, prices from the developer will be at their lowest. The cheapest one-bedroom apartment currently costs AED 1.63 million (USD 444,000). As per the master plan, the new building is expected to be commissioned in early 2025.

The Biltmore Residences Sufouh location

One of the most important advantages of The Biltmore Residences Sufouh in Dubai is its location – a 10-minute drive from a sandy beach. Nearby is the major Sheikh Zayed Road which runs along the coast of the Persian Gulf and connects the building to the city’s popular waterfront areas. The following destinations are also a 10-minute drive away:

Topgolf Dubai;
The International American School of Dubai;
Palm Jumeirah Island;
Al Zahra Hospital;
Dubai Marina;
The sprawling Mall of the Emirates that houses a ski resort, numerous stores by renowned global retailers, fashionable cafés and haute-cuisine restaurants.

Property in The Biltmore Residences Sufouh for investments

Off-plan property for investment in The Biltmore Residences Sufouh is a surefire way of guaranteeing a good return. The value of Dubai housing increases every year, so by the time the new project is commissioned, the price of the local apartments may rise by up to 20%.

As in many off-plan projects, in The Biltmore Residences Sufouh, instalment plans are available, where 60% of the value is paid during the construction and the remaining 40% is paid within three years after completion. In this way, you can buy apartments in The Biltmore Residences Sufouh for investment and lease them out after the handover, using this stream of revenue to pay back the balance due. Rental homes in Al Sufouh generate an average of 6.5% per annum.