Siadah Development was established in 2018, and its head office is located in Masdar City, Abu Dhabi, which is the capital of the UAE. The company’s CEO is Chauki Derraji.
Siadah Development aims to continuously meet the needs of the ever-evolving real estate market. The company builds properties that meet all of the necessary standards and regulations, and it aims to preserve the environment for future generations. To achieve this, Siadah Development uses innovative materials and new technology, such as energy-saving solar panels, which help to save up to 40% of the energy consumed by residents. Eco-friendly initiatives have a positive impact on the quality of the developments.
The company currently has two real estate projects, and both are located in Abu Dhabi. Projects include Al Mahra Residence in Masdar City and Yas Beach Residence on Yas Island.
Al Mahra Residence and Yas Beach Residence are sold off-plan, which means that units can be sold before construction is complete.
Al Mahra Residence consists of two eight-storey buildings with 300 residential units. The project is scheduled to be completed in Q2 2023. Studios, apartments, and duplexes have floor plans featuring one, two, and three bedrooms. Residences have terraces, designer finishes, and views of the public swimming pool and landscaped areas. Units range in size from 502 sq. ft. (47 sq. m.) to 2,107 sq. ft. (196 sq. m.). The minimum price for a property at Al Mahra Residence is AED 400,000 (USD 109,000), and the maximum price is AED 2,370,000 (USD 645,000). Duplexes range in price from AED 1,700,000 (USD 463,000) to AED 2,370,000 (USD 645,000). Studios and one-bedroom apartments in the area have a return on investment rate of 8%, and two-bedroom apartments have a return rate of 7%.
*The price is valid for 2024
Yas Beach Residence is currently under construction and is scheduled for completion in 2022. The project is an eleven-storey modern building with exclusive waterfront access. Yas Beach Residence offers studios, apartments, and duplexes with floor plans featuring one, two, and three bedrooms. Units range in size from 489 sq. ft. (45 sq. m.) to 3,722 sq. ft. (346 sq. m.). Studios and apartments range in price from AED 470,000 (USD 128,000) to AED 5,180,000 (USD 1,410,000). Duplexes range in price from AED 1,606,000 (USD 437,100) to AED 3,558,000 (USD 969,000). Yas Island has an average return on investment rate of 6%, which makes it a good investment opportunity.
*The price is valid for 2024
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