Dubai Studio City’s rental yields have risen from 7% in 2023 to 9% in nine months in 2024
Dubai, UAE – QUBE Development Breaks Ground on Arisha Terraces in Dubai Studio City
QUBE Development, a globally acclaimed real estate company known for its exceptional residential and commercial projects, has officially commenced construction on its latest landmark project, Arisha Terraces, in the bustling Dubai Studio City. Following the complete sell-out of Phase 1, this groundbreaking event marks a pivotal step forward for the developer, as it embarks on redefining community living in one of Dubai’s most promising investment zones.
Scheduled for completion in 2027, Arisha Terraces will comprise 414 thoughtfully designed residential units across four low-rise buildings. With prices starting from AED 698,000, the project features a selection of studio, one-bedroom, and two-bedroom apartments, catering to various lifestyles, from professionals to families. Each unit will be equipped with premium Bosch appliances, integrated smart home systems with environmental sensors to enhance energy efficiency, and expansive balconies or terraces. Certain apartments will also offer pergolas for added privacy and outdoor comfort.
Strategically located in Dubai Studio City, Arisha Terraces taps into the area’s rising prominence as a sought-after hub for residential and commercial activity. The vibrant district is attracting professionals and families looking for high-quality homes with convenient access to major business centers. Research conducted by QUBE Development highlights the increasing appeal of this locality, reporting a 31% rise in sales transactions over the past year. Additionally, the average rental yield in the area has surged from 7% in 2023 to 9% by mid-2024, reflecting its growing investment potential.
Elio Badr, Sales Director at QUBE Development, expressed his excitement at the groundbreaking event, saying, “This is a momentous occasion for QUBE Development. Arisha Terraces represents a blend of modern design, innovative amenities, and lively community spaces right in the heart of Dubai Studio City. The strong demand, underscored by the sell-out of Phase 1, highlights the area’s appeal. With high rental yields, affordable housing options, and ongoing infrastructure improvements, this project offers incredible potential for investors seeking both immediate rental income and long-term growth.”
At the core of Arisha Terraces lies a thoughtfully designed central courtyard, fostering social connections and recreational activities. The development will also feature a two-level community center, which includes facilities such as a cinema, co-working spaces, a library, and a shared kitchen, creating an inviting and dynamic environment.
With its excellent location and reputation as a creative hub, Dubai Studio City offers a unique blend of lifestyle and opportunity. Arisha Terraces is poised to become a key highlight of this thriving neighborhood, representing QUBE Development’s dedication to quality, innovation, and community living. This milestone marks the beginning of a transformative journey for both QUBE Development and the residents of Arisha Terraces.
