Genesis Residences

Genesis Residences — Completed Arjan Living With Miracle Garden Views and a Unique Post-Handover Payment Legacy

TL;DR Snapshot

| Factor | Detail | |--------|--------| | Developer | Meraki Developers | | Location | Arjan, Dubailand | | Status | Ready — Completed Q1 2020 | | Unit Types | Studio (466 sqft), 1BR (700 sqft), 2BR (1,018 sqft) | | Price Range | AED 480K – AED 1.878M | | Payment Plan | 20% Down / 30% On Handover / 50% Post-Handover (legacy) | | Key Views | Miracle Garden, Mall of the Emirates direction | | Amenities | Gym, Shared Pool, Central A/C, Covered Parking, Valet Parking, Supermarket | | Investment Thesis | Completed Arjan building with flower garden adjacency at sub-AED 1.5M pricing |

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Why the Genesis Residences Location Works for Investors

Arjan sits at the convergence of two powerful lifestyle anchors that no developer can build: the Dubai Miracle Garden — the world's largest natural flower garden — and a location equidistant between the western corridor's employment clusters and the Mall of the Emirates retail destination.

Genesis Residences captures both. The views of the Miracle Garden from appropriate floors are not a marketing aspiration — they are an operational reality during the flower season (October–April), when 150 million blooms arranged in elaborate themed displays create a floral panorama visible from the surrounding residential buildings. For residents and their visitors, this view is a feature of daily life that distinguishes Arjan addresses from every competing Dubai residential zone.

The view inventory as registered includes:

• Miracle Garden: the world-record flower garden at walking distance
• Mall of the Emirates direction: one of Dubai's three premier malls — Ski Dubai, VOX Cinema, 600+ stores — approximately 12–15 minutes by car

The additional listing of Ras Al Khor Wildlife Sanctuary in the views is a reference to the broader natural landscape character that the Arjan area emphasises — the community's proximity to green infrastructure and environmental features that distinguish it from the built-up density of Dubai's more central zones.

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Genesis Residences: The Building and Its Units

Studio (466 sqft) The studio tier at Genesis Residences delivers a standard but well-configured single-space apartment at the entry price point. At 466 sqft, the studio is at the upper end of the Dubai mid-market studio size range — efficient enough to keep service charges and costs low while providing sufficient space for comfortable single-occupant living.

Current market rates for studios in Arjan at comparable specifications: AED 40,000–55,000 annually. At AED 480K–580K acquisition, gross yields of 6.9%–11.5% — excellent by any benchmark, reflecting both the completion certainty (no construction risk) and the Miracle Garden lifestyle premium.

1-Bedroom (700 sqft) The 700 sqft 1BR delivers the standard JVC/Arjan 1BR floor area in a building that has demonstrated 5 years of operational performance since its 2020 completion. Tenants are known quantities — the building's track record in terms of maintenance, management quality, and community character is established.

Current annual rents for 1BR units in Arjan: AED 60,000–80,000. At acquisition in the AED 700K–1M range, gross yields of 6.0%–11.4%.

2-Bedroom (1,018 sqft) At 1,018 sqft, the 2BR delivers a comfortable dual-occupant apartment with bedroom separation, a proper living area, and functional kitchen and bathroom configuration. The 2BR tier at Genesis Residences targets families and professional couples in the western corridor employment zone.

Current 2BR rents in Arjan: AED 75,000–100,000 annually. At AED 1M–1.5M acquisition, gross yields of 5.0%–10.0%.

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The Valet Parking Distinction

Valet parking at a mid-market Arjan building — AED 480K–1.878M — is a feature that typically appears in developments positioned at AED 3M+ in Dubai Marina or Downtown. Its presence at Genesis Residences reflects Meraki's intent to position the building above the generic Arjan residential standard.

For residents, valet parking eliminates the daily friction of self-parking in covered structures — driving to the entrance, handing keys to a professional valet, and receiving the car brought to the entrance on departure. This convenience factor, trivial to some buyers and meaningful to others, is a differentiating retention factor for tenants accustomed to hotel-grade services.

For investor-owners marketing the unit to potential tenants, valet parking is a tangible amenity that can be listed prominently in property advertisements — distinguishing Genesis Residences from the dozens of Arjan buildings that offer only standard self-park.

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Full Amenity Package

Gymnasium A fitted gym providing cardio and resistance equipment for the building's resident population. In Arjan, where the external infrastructure for fitness (jogging tracks, cycling paths) exists in the Miracle Garden surroundings, the in-building gym serves as an all-weather, year-round complement.

Swimming Pool (Shared) The outdoor pool serves as the primary water-based leisure amenity. Arjan's summer climate (May–September) is when pool access is most critical — during these months, the pool is the primary outdoor activity zone for residents who cannot comfortably use the external landscape.

Central A/C Building-wide central air conditioning provides consistent climate control. In Arjan's mid-rise context, central A/C is standard for the quality tier Genesis Residences occupies.

Covered Parking Shaded vehicle storage reduces exposure to Dubai's intense solar radiation — protecting vehicle paintwork, interior materials, and the driver's comfort on entry.

Supermarket Nearby Convenience retail access for daily grocery and household needs without vehicle requirement — a practical amenity that reduces the friction of daily life in a community where the nearest large mall is 15 minutes by car.

24/7 Security and CCTV Continuous monitoring and access control providing the safety infrastructure expected by the building's professional and family tenant base.

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Arjan's Position in Dubai's Residential Ecosystem

Arjan sits within Dubailand's western zone, bounded by Al Barsha South (to the west), Jumeirah Village Circle (to the northeast), and Motor City (to the southeast). Its primary access roads — Hessa Street (D61) and the Al Khail Road connection — link it efficiently to Dubai's major commercial nodes.

Key Distances from Genesis Residences, Arjan

| Destination | Drive Time | |-------------|-----------| | Dubai Miracle Garden | Walking distance (5 min) | | Dubai Butterfly Garden | 5 min | | Mall of the Emirates | 12–15 min | | Dubai Marina | 20–25 min | | Dubai Internet City / Media City | 15–18 min | | Downtown Dubai | 25–30 min | | Dubai Hills Mall | 15–18 min | | Global Village (seasonal) | 12–15 min | | Dubai International Airport | 30–35 min | | Al Maktoum Airport (DWC) | 30–35 min |

The Mall of the Emirates proximity is particularly significant for daily lifestyle: Ski Dubai, Magic Planet, VOX Cinema, and one of Dubai's highest restaurant concentrations are 12 minutes away — essentially the lifestyle infrastructure of a tier-1 mall within easy reach of a mid-market Arjan address.

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Investment Context

Completed Asset Advantage Genesis Residences was delivered in Q1 2020 — a completed, operational building with 5 years of transactional history. Buyers and investors have access to verified rental performance data, service charge histories, and maintenance track records. This transparency is unavailable for off-plan developments and provides a due diligence foundation that reduces investment uncertainty.

Post-Handover Plan Legacy The original 20/30/50 post-handover payment plan (20% down, 30% on handover, 50% after handover) was a developer incentive that may still apply to specific units marketed by the original developer or unit holders. For secondary market buyers, standard mortgage financing applies to the acquisition price rather than the original developer plan. This creates financing flexibility: buyers can access the UAE mortgage market (up to 75% LTV for non-nationals on residential property) rather than being bound by the original installment structure.

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The Meraki Developer Positioning

Meraki Developers operates in the mid-market Dubai residential segment with a product philosophy centred on livability, community character, and above-standard finish specification at accessible price points. Genesis Residences reflects this positioning: the valet parking, the Miracle Garden view orientation, and the building's 5-year operational track record suggest a developer that built beyond the minimum market requirement.

For investors evaluating boutique developers in Arjan's competitive market, Meraki's Genesis Residences represents a completed proof point — a building that has operated through the COVID-19 period and the subsequent market recovery without the operational failures (poor maintenance, management disputes) that affected some comparable boutique developments.

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Final Assessment

Genesis Residences is a completed, income-generating Arjan building with a distinctive lifestyle credential — Miracle Garden views in a completed development at AED 480K–1.878M — that competing new launches in the corridor cannot replicate at equivalent pricing. The valet parking differentiator, the supermarket accessibility, and the 5-year operational track record create a stable, verifiable investment case. For buyers seeking a completed Arjan asset with above-market yield potential, the ability to inspect and verify rather than trust a brochure, and the Miracle Garden adjacency as a sustained lifestyle and rental marketing advantage, Genesis Residences delivers these variables at entry prices that represent genuine value in the current Dubailand market.