Faisalabad is believed to be the textile capital of Pakistan because some of the biggest textile industries are set up here. This is why the city is also referred to as the ‘Manchester of Pakistan.’ While Faisalabad’s textile industry reigns supreme, its real estate sector has also picked up the pace over the past decade. A plethora of projects have been launched recently and many are in the works. A stellar example as far as the latter category is concerned is that of Dawood Heights.
Dawood Heights will be a glamorous addition to the skyline of Faisalabad. Comprising 16 storeys (including ground and lower ground floors), it’s all set to become the tallest building of Faisalabad. Situated near the city’s heart of business, commerce, trade activities: Ghanta Ghar or Clock Tower, Dawood Heights offers ease of access to eight different bazaars and important routes like Circular Road and Kotwali Road.
A project of Dawood Group of Faisalabad, Dawood Heights aims to set a benchmark for mixed-use developments in Faisalabad. State-of-the-art design, 24/7 concierge service, round-the-clock security, a rooftop restaurant and a purpose-built commercial complex to assist businesses are some of the project’s most noteworthy features. In addition, Dawood Heights offers a dedicated underground parking facility, for residents as well as shop owners, which is a rarity in most buildings in the area of Chiniot Bazar. What’s more, this development has been approved by TMA Faisalabad. Therefore, you don’t have to think twice before exploring investment prospects in Dawood Heights.
Investment Prospects Of Dawood Heights
Most of the plazas and markets in and near Chiniot Bazar were constructed decades ago, which is why almost none of these places are properly equipped to cater the needs of today’s fast-paced commercial progress. This is where the project will make a difference as unique commercial features of Dawood Height‘s ultramodern development not only offer space to investors but also ensure ease of doing business.
Also, since Dawood Heights is a mixed-use building, prospective business owners don’t even have to worry about accomodation.
We shall now further explore the investment prospects of Dawood Heights and what can be the monetary benefits of investing in the mixed-use complex.
Expected Rental Yield
Dawood Heights is set to provide an end-to-end solution to businesses, retailers and wholesalers by providing everything under the same roof – parking, security, business outlets, residence, earthquake-resistant structure. These features coupled with ensure that people can enjoy hefty returns. One way to gauge a real estate investment opportunity is through its rental yield.
Rental yield is a rental income generated over a real estate investment. It is calculated in percentage on a yearly basis and the higher the percentage, the higher is the rental yield. The commercial outlets in Dawood Heights are expected to enjoy an impressive rental yield of 7% to 8%.
Due to the fact that Dawood Heights does not have any competition in the area, especially near Clock Tower, these figures are bound to go up in coming years.
Anticipated Capital Gains
The existing plazas in the vicinity of the project are old constructions some of which are decades old and lack the much-needed features of a commercial building. Dawood Heights not only has facilities like service elevators and freight elevators but, as mentioned above, it also offers underground parking that can easily accommodate about 100 vehicles at a time. It is no surprise why investors and businesses are lining up to book a unit in this new development.
Keeping in mind the property trends over the last five years and how the real estate market of Faisalabad is performing today, experts are confident to expect 40% capital gains in just three years on an investment made in Dawood Heights. It is, therefore, safe to say that it is the perfect investment venture for all those looking for high returns.
Potential Return On Investment
Return on Investment (ROI) is a huge concern for an investor before making an investment in a business venture or a real estate project. To learn about the ROI of Dawood Heights, let us first take a short virtual tour of the project.
Location Of Dawood Heights
Dawood Heights enjoys an ideal location, in the vicinity of Chiniot Bazar, one of the eight popular bazaars of Faisalabad around Ghanta Ghar. It enjoys access to major arteries of the city, top educational institutions, healthcare and recreational facilities. For families seeking apartment living that is equipped with all the essentials of a modern-day lifestyle, this is the project for you. The unbeatable location of Dawood Heights is just:
- 1-minute drive from PTCL Regional Office
- 1 minute from Clock Tower
- 2 minutes from University of Agriculture (Main Gate)
- 5 minutes from Chenab Club
- 5 minutes from Serena Hotel
- 6 minutes from DHQ Hospital
- 9 minutes from Allied Hospital
Being in close proximity to the aforementioned places, Dawood Heights has attracted the attention of all those willing to set up and expand their businesses in Faisalabad.
It is important to mention here that the project has approval from the Tehsil Municipal Administration (TMA) Faisalabad, which is an indicator of the safety and security of your investment. Moreover, Zameen.com has the exclusive rights of sales and marketing of the project and all the due diligence has been meticulously carried out. All in all, Dawood Heights is an extraordinary project and, therefore, promises extraordinary returns.
Properties On Offer
Should you choose to buy an apartment instead of a shop, you will have access to the view of the entire city and not just the Clock Tower. The developer is offering properties on just a 25% down payment and 24 easy monthly instalments. The minimum down payment and number of months for instalments is the same for both commercial outlets and residential units. In addition to that, if you choose to make all the payments upfront, you can avail a discount of 10%!
Properties on offer in Dawood Heights include:
- Shops on lower ground (94 sq. Ft. – 329 sq. Ft.)
- Shops on the upper ground (97 sq. Ft. – 243 sq. Ft.)
- Shops on 1st floor (97 sq. Ft. – 456 sq. Ft.)
- Shops on 2nd floor (74 sq. Ft. – 456 sq. Ft.)
- Shops on 3rd floor (62 sq. Ft. – 456 sq. Ft.)
- Apartments on 4th floor (379 sq. Ft. – 699 sq. Ft.)
- Apartments on 5th to 14th floor (371 sq. Ft. – 740 sq. Ft.)
So, what are you waiting for? If you want to book a unit right now, fill out the form on the right side of this page for desktop users and the bottom of the page for mobile users. Keep reading Zameen Blog for more information about the current property trends in Pakistan.