It is an architectural masterpiece, which was a project of the developer Meraas, located in a picturesque area of Dubai.
The penthouses are located on the upper floors of the structure which provide services such as: a private elevator, two kitchens, several private terraces, an office, storage rooms for household goods, and additional rooms that can be used in any way.
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Erin’s architecture is mesmerizing at first glance. The developer was able to recreate all directions of modern, design “chips”, combining them with classic solutions, which are so beloved by residents of Dubai. As a result, and was received a unique building with its individual geometry, glass facades and unobtrusive, ergonomic finishing.
The residential complex has several features, the main one being its close proximity to the central park with many green areas. In addition, the territory of the block will be landscaped, which allows as many people as possible to enjoy not only the views from the windows, but also to walk among this beauty.
Installment | Stage | Payment |
---|---|---|
Advance payment | 20% | |
1st installment | June 2023 | 10% |
2nd installment | December 2023 | 10% |
3rd instalment | June 2024 | 10% |
4th instalment | December 2024 | 10% |
5th installment | June 2025 | 10% |
6th installment | On transfer in 2Q | 20% |
Erin is the central part of the larger Central Park project. Architectural development located near the highway Sheikh Zayed Road, which offers great opportunities for residents in terms of accessibility to any area of Dubai. Within about 10-15 minutes drive from the neighborhood you can find famous buildings such as: Za’abeel, Business Bay and Dubai International Airport. Residents have 24-hour access to public transport, Emirates Tower Metro Station and Financial Center Station, allowing them to quickly reach any point of the city.
This elite residential complex is located in close proximity to educational institutions, many of which are of international status, stores, cafes, restaurants, as well as the main attractions. About 10 minutes away you can find the key attractions of Dubai, which many tourists are eager to get to: Dubai Mall, Dubai Fountain, Dubai Opera, etc.
Erin Residences has a high status of investment sponsorship. According to statistics from Property Finder, the gross yield from renting out 1-bedroom apartments in Central Park is up to 10% per annum. And the starting price is about AED 150,000 (USD 41,000) per year. These impressive figures can accurately guarantee passive income at a sufficient level. This attracts investors from all over the world to invest their savings in real estate, especially in particularly prestigious areas.
Investing in the quarter Erin, you can become a member of the program called “Residence for Investment” and get a visa “Gold Level” for 10 years, provided the investment of funds in the minimum amount – AED 2,500,000 (USD 700, 000).
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