Question 1

Who is the developer of Nirvana Residences 1?

Accepted Answer

The developer of Nirvana Residences 1 is Meraki Developers, known for their innovative and high-quality real estate projects in Dubai.

Question 2

Where is Nirvana Residences 1 located in Dubai?

Accepted Answer

Nirvana Residences 1 is located in Dubai Production City, a vibrant community offering a mix of residential and commercial spaces.

Question 3

What types of properties are available in Nirvana Residences 1?

Accepted Answer

Nirvana Residences 1 offers studio apartments in an off-plan new development.

Question 4

How much does a property in Nirvana Residences 1 cost?

Accepted Answer

The starting price for properties in Nirvana Residences 1 is AED 650,000.

Question 5

What payment plans are available for Nirvana Residences 1?

Accepted Answer

The payment plan for Nirvana Residences 1 includes 15% at booking, 25% during construction, and 60% at handover.

Question 6

When will Nirvana Residences 1 be handed over / completed?

Accepted Answer

Nirvana Residences 1 is expected to be completed and handed over by December 31, 2028.

Question 7

Can foreigners buy property in Nirvana Residences 1?

Accepted Answer

Yes, foreigners can buy property in Nirvana Residences 1 as Dubai Production City is a freehold area.

Question 8

Does purchasing property in Nirvana Residences 1 qualify for UAE Golden Visa?

Accepted Answer

No, purchasing property in Nirvana Residences 1 does not qualify for the UAE Golden Visa as the starting price is below AED 2M.

Question 9

What is the investment potential of Nirvana Residences 1?

Accepted Answer

Dubai Production City is a growing area with increasing demand for rental properties. Studio apartments typically offer attractive rental yields, making Nirvana Residences 1 a promising investment.

Question 10

Why choose Nirvana Residences 1 in Dubai Production City?

Accepted Answer

Nirvana Residences 1 offers modern amenities like children’s play spaces, a padel court, outdoor yoga, and more, making it an ideal choice for families and professionals seeking a balanced lifestyle.