Parcela en Liwara 1, 3600000 AED - 16979740

A prime real estate opportunity is now available: two adjacent plots of land in the Al Bustan area. Zoned for residential and commercial use, the plots come with building permits for a ground floor plus six additional stories. This offering is an excellent prospect for real estate investors, business professionals, and developers looking to undertake residential or commercial projects in a highly desirable location. Both plots feature generous dimensions and frontage on two streets, providing greater flexibility for design, site planning, and the optimal use of space—all in accordance with the plans and regulations established by the relevant authorities.

Located in the Al Bustan area, each plot measures 6,400 square feet, bringing the combined total area to 12,800 square feet. This total area is ideal for those seeking to acquire adjacent plots that can either be developed into a single, integrated project or utilized individually, depending on specific project requirements and applicable regulatory frameworks. The adjacency of the plots also allows investors to consider a larger-scale real estate development; however, it is essential to review the approved master plans and verify the feasibility of the intended investment concept before commencing any development procedures.

A key advantage of these plots is their "residential-commercial" zoning, which permits a blend of residential and commercial uses, subject to the guidelines and licenses authorized by the competent authorities. This zoning classification offers investors the opportunity to explore various development options—such as a building featuring residential units on the upper floors and commercial spaces on the designated lower levels—provided that such uses are permitted under the site’s specific regulations. Properties of this nature are particularly attractive to investors seeking mixed-use projects, as they allow for the development of diverse income streams tailored to the project’s specific character and local market demand.

Furthermore, the plots come with a building permit for a ground floor plus six additional stories—a significant advantage when evaluating the property’s urban and investment potential. This vertical capacity enables developers to plan multi-story projects that optimize the available land, whether through residential units or permitted commercial activities. It should be noted, however, that the actual buildable area, the final distribution of units, parking facilities, amenities, and access points are all subject to the approved master plan, as well as the regulations set by the municipality and other relevant authorities. Consequently, it is advisable to review the permit documentation thoroughly before finalizing any project concept.

Another factor enhancing the appeal of this offering is that the two plots are situated on a corner, fronting two streets. This positioning provides greater flexibility in designing entrances, exits, and the orientation of building facades, subject to the nature of the streets and the required setbacks. Moreover, having multiple street-facing sides allows for a more prominent architectural design and a stronger visual presence—an asset that is particularly valuable for projects that integrate residential and commercial functions. The extent to which this advantage can be effectively utilized depends on factors such as street widths, the positioning of access points, and the specific planning regulations applicable to the plots.

Regarding the price, the asking price is AED 3,600,000 for both plots combined—not for each plot individually. This equates to an average price of AED 1,800,000 per plot (assuming the total price is distributed equally) and an average of approximately AED 281.25 per square foot, based on a total area of 12,800 square feet. These figures provide investors with an initial assessment of the offer’s value; however, it is essential to compare this price against similar land offerings in the area, while also considering location, zoning, building permits, ownership terms, and any additional costs related to the purchase and development.

This opportunity is well-suited for investors with a vision for developing a medium-to-large-scale real estate project, as well as for developers seeking adjacent plots that allow for more comprehensive development planning. It may also appeal to those looking to hold the land as a long-term real estate asset, following thorough market research and an evaluation of the projected investment value. Before finalizing the purchase, it is crucial to verify the title deeds, the residential-commercial zoning status, building permits, the boundaries and exact area of each plot, and any existing obligations or fees associated with the property. In summary, the offer consists of two adjacent plots of land in the Al Bustan area. Zoned for residential and commercial use, they are approved for the construction of a ground floor plus six additional stories. Each plot measures 6,400 square feet, totaling 12,800 square feet, and the property is a corner lot facing two streets. The asking price for both plots combined is 3.6 million AED. This represents a noteworthy real estate opportunity for those looking to invest or develop a residential-commercial project; however, it is essential to inspect the site and review the official documentation to verify all details before making a purchasing decision.