CPL Real Estate Development: buying a property that already has a tenant
A developer with a completed Al Furjan building. A tenanted unit comes with income from day one and with a contract you did not write — and you inherit both.
Victoria Residency
Al Furjan · CPL Real Estate Development
Project factsheet
Storeys 12
Units in the building 104
Developer CPL Real Estate Development
Status Completed
Completed 2018
District Al Furjan
About the building
12-storey residential building in Al Furjan, completed in 2018. Developer — CPL Real Estate Development. Architect — B&A Engineering Consultant.
What the building has
- Swimming pool
- Children's area
- Parking
Specifications for Victoria Residency per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
About the project
Victoria Residency is a 12-storey residential building in Al Furjan, completed in 2018.
The developer is CPL Real Estate Development. The architecture is by B&A Engineering Consultant.
The building holds 104 apartments in total.
The database currently holds 1 lot in this project, from 6 250 000 AED; 1 of them priced below the market, the deepest discount 11%.
Twelve storeys and 104 residences in Al Furjan, handed over in 2018. Price per square foot AED 992/ft² — the lowest in the district in our stock.
What it is
Victoria Residency is a residential building by CPL Real Estate Development with 12 storeys and 104 residences in Al Furjan, completed in 2018.
In our stock, a unit of about 7,057 square feet is listed for AED 7 million, at AED 992/ft².
Seven thousand square feet in a twelve-storey building isn't a typical apartment format. It's more likely a full-floor residence or a combined lot — worth confirming with the seller.
Price per square foot by Al Furjan project
Victoria Residency comes in below the whole district table — AED 992 against an average of AED 1,599.
| Project | AED per ft² | Lots | Average size |
|---|---|---|---|
| Nakheel (villas) | 1819 | 4 | 3533 ft² |
| Murooj Al Furjan | 1761 | 6 | 3571 ft² |
| Equiti Home | 1754 | 2 | 891 ft² |
| Al Furjan West | 1669 | 35 | 3906 ft² |
| Al Furjan West (custom) | 1541 | 4 | 7139 ft² |
| Barjeel 1 (Dubai Style) | 1481 | 4 | 3825 ft² |
| Gemz by Danube | 1462 | 2 | 1446 ft² |
| Azizi Central | 1304 | 2 | 1539 ft² |
Our stock as of 28 August 2026: 82 lots in the district, median AED 4.45 million, average price AED 1,599/ft². Includes projects with two or more lots and reliable size data.
A thousand dirhams per square foot
Al Furjan in our database totals 82 lots, with a median of AED 4.45 million at an average of AED 1,599/ft².
Under a thousand per square foot is rare even for the cheapest district in the city. It comes from two things together: a very large lot and an unbranded building off the main strip.
A large lot lowers the per-square-foot price everywhere, and here the effect is taken to the extreme: seven thousand square feet against a district average of around three and a half thousand.
What needs checking is what kind of unit this actually is. Seven thousand square feet in a 104-apartment residential building is an outlier, and the first question for the seller is whether it's one lot or several combined units, and how that's documented.
propsearch passport: 12 storeys, 104 residences, developer CPL Real Estate Development, completed 2018. Our own stock as of 28 August 2026: the project's lot (size, price, price per square foot), the district-wide breakdown by project, and the median and average for Al Furjan.
What the complex has
Swimming pool
Children's area
Parking
Where it is
Lots in this project — 1
Frequently asked about Victoria Residency
Who is the developer of Victoria Residency?
CPL Real Estate Development. The architecture is by B&A Engineering Consultant.
How many floors does Victoria Residency have?
12. The building has 104 apartments.
Has Victoria Residency been handed over?
Yes, the building was handed over in 2018. This is ready housing: you can move in or let it out right after the deal.
Where is Victoria Residency?
Al Furjan. A mid-market district between Discovery Gardens and Jebel Ali with two metro stations — the quiet alternative to JVC.
How much does an apartment in Victoria Residency cost?
The database currently holds 1 lot in this project, from 6 250 000 AED; 1 of them priced below the market, the deepest discount 11%. The list changes daily — I will send a fresh selection for the building on request.
What is on site at Victoria Residency?
Swimming pool, Children's area, Parking. The list comes from the project description and covers the whole complex.
In the news
What has been written about the building, its developer and Al Furjan
Richmond District, Al Furjan: The Area's First Integrated Master-Planned Community, a Minute from the Metro
Richmond District is the first fully integrated master-planned community in Al Furjan: John Richmond design, a shared podium with a lagoon, pools and fitness, hotel-style services and Discovery Gardens metro station a minute away. What it means for residents and investors.
Renting in Dubai with a dog or cat in 2026: which districts and homes actually work for pet owners
Written landlord permission for a pet in Dubai is mandatory — a verbal agreement is not enough. Keeping a dog in Downtown or Business Bay is close to impossible, while a villa in Arabian Ranches or Al Furjan solves the walking problem by design.
3D-printed buildings in Dubai: Nakheel's first licence at Al Furjan Hills, and the 2030 target for 25% of new buildings
In December 2023, regulator Trakhees issued Nakheel Dubai's first 3D-printing construction licence, for Al Furjan Hills. Printing itself took 20 days — but the structure was a gatehouse, not a home. Dubai's target is 25% of new buildings by 2030. What is actually on the market in 2026.
Nabni Developments: how to calculate rental yield honestly, on an Al Furjan example
A developer with a completed building in Al Furjan. Gross yield, net yield and return on invested capital are three different figures — and sales decks show the least useful one.
Ghreiwati Property Development: choosing an agent, and knowing whose side they are on
A developer with a completed Al Furjan building. Brokers are licensed and the licence is checkable — and the more useful question is who pays them.
BNH Real Estate Developer: homes above shops, and what that changes
A developer with mixed retail-and-residential buildings in Al Furjan. Living above active commercial space has specific advantages and specific problems, and both are checkable.
Pure Gold: a retail group that moved into property
A jewellery and retail business developing residential buildings in Al Furjan. What carries over from another industry, what does not, and how to check a first-generation developer.
Rent forecast: prime districts +15–18%, JVC and Al Furjan +2–5%
A rental forecast is interesting not for its average but for the spread between districts. The reason for the gap is supply, not prestige.
Where this project stands today
I will send the available layouts, the real entry price and what owners and tenants actually say about the building — without the brochure language.
Ask a question
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