Gulf News: The UAE’s developers pick up an interest in student housing

News: 12 March 2019

Arada is offering 10 buildings for private investors — with rental guarantees

Gulf News: 12 March 2019

Dubai: Individuals can directly invest in student housing units for the first time in Sharjah, with the “Aljada” master-development near University City to have 10 buildings designated for that purpose.

These buildings — to be ready by late 2021 — are situated right next to campuses with around 26,000 students on their rolls.

The units are priced from Dh310,000, and available in studio and two- to eight-bed dormitory formats.

In all, there will be 1,288 room properties and 2,600 bed spaces at the “Nest”, which is what the 10-building cluster will be known as.

The launch comes at a time when student housing opportunities are rated as having some of the best returns in today’s real estate market. Developers and specialist funds in Dubai too starting to come on board, with the area around Academic City along the Dubai-Al Ain Road a prime target.

Read the full article here.