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Park Place Tower, Sheikh Zayed Road

Park Place Tower, Sheikh Zayed Road

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No.9, Dubai Marina, Dubai

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Strengths

Prime Location

Modern Facilities

Professional Management

Weakens

High Rental Prices

Traffic Congestion

Limited Parking Space

Area JLT

Family Friendly, Affordable

High-rise living by serene lakes

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Description

Park Place Tower, Sheikh Zayed Road

Real Estate Overview

Building Overview

  • Park Place Tower stands majestically along Sheikh Zayed Road, one of Dubai's most prominent commercial arteries.
  • The building is conveniently located near major landmarks such as the Dubai World Trade Centre, Dubai International Financial Centre, and is within a short distance to the Dubai Mall.
  • It offers excellent connectivity, with the nearest metro station just a few minutes' walk away, making commuting to various parts of the city convenient.

Properties Overview

  • The tower offers a range of residential and commercial properties, making it an attractive option for both renters and buyers.
  • Popular units include stylish studios and spacious one- or two-bedroom apartments, appealing to young professionals and families alike.
  • Current rental prices for apartments vary from AED 70,000 to AED 120,000 annually, while properties for sale start at AED 1.5 million.

Market Trends

  • The real estate market around Park Place Tower has seen a steady demand, with a year-on-year rental increase of approximately 5%.
  • Sales prices have remained stable, showing a slight incline, indicating healthy investment potential for buyers.
  • Market expectations suggest continued growth, with the infrastructure improvements enhancing the area's appeal.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents enjoy proximity to major supermarkets, reputable schools, hospitals, and clinics, ensuring all essential services are within easy reach.
  • Nearby schools include the American School of Dubai and Dubai International Academy, while healthcare services feature the American Hospital Dubai.

Transportation and Accessibility

  • Park Place Tower benefits from outstanding public transportation options, including the Dubai Metro, taxis, and buses ensuring seamless access to the city.
  • Ample parking spaces within the building cater to residents and visitors, enhancing convenience.

Lifestyle Amenities

  • The building features an array of lifestyle amenities, including a fully equipped gym, swimming pool, and outdoor recreational areas.
  • Dining options nearby include an eclectic mix of international cuisines as well as casual cafes and fine dining establishments.

Builing Facilities

  • Amenities include multiple high-speed elevators, round-the-clock security staff, and efficient central air conditioning systems to ensure comfort.
  • Maintenance services are dedicated to preserving the building's aesthetic and functional quality.

Special Services

  • Park Place Tower offers unique features such as concierge services to assist residents with everyday needs and guest services for visitors.
  • Business centers equipped for meetings ensure work-from-home residents can conduct professional engagements smoothly.

Planning Your Move or Investment

Floor Plans and Property Types

  • A diverse selection of floor plans caters to different lifestyle needs, from compact studios to family-sized apartments.
  • Flexibility is offered in property types, catering to both long-term renters and buyers.

Things to Consider

  • Potential tenants should assess their budget, desired layout, and proximity to work or schools before deciding.
  • Buying investors should consider property management options, potential ROI, and the longevity of their investment.

Useful FAQs and Support

Events and Building Life

Building Events

  • The community regularly hosts social gatherings such as holiday parties, fitness classes, and weekly coffee mornings to foster connections among residents.
  • These events create a vibrant atmosphere and a sense of belonging within the building.

Community Identity

  • Park Place Tower is distinguished by its breathtaking architecture and modern amenities, embodying the essence of urban living in Dubai.
  • The building's strategic location and community-oriented ethos contribute to its unique identity.

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Detailed Buiding Insights

1. Family Friendliness

The area has parks and recreational zones, although some amenities for children are limited. Families may find the environment generally supportive.

Moderately Welcoming

2. Living Options

Park Place Tower offers a range of living options, including luxury apartments and serviced residences, appealing to both families and young professionals.

Diverse and Varied

3. Safety And Security

The building features 24/7 security and surveillance, making it one of the safer areas on Sheikh Zayed Road.

Highly Secure

4. Transportation

Located directly on Sheikh Zayed Road, the area boasts excellent connectivity to public transport including metro stations and bus services.

Extremely Convenient

5. Amenities And Facilities

The tower provides modern facilities such as a fitness center, swimming pool, and proximity to shopping centers, enhancing residents' lifestyle.

Richly Equipped

6. Cost Of Living

While the amenities and location are premium, the cost of living may be higher compared to other neighborhoods, making it a consideration for budget-conscious residents.

Relatively High

7. Things To Do

Numerous entertainment and dining options are available in the vicinity. Cultural activities and events are regularly hosted nearby, appealing to various interests.

Vibrantly Diverse

8. Noise Levels

Being near a major road, some noise is anticipated; however, noise insulation in the tower helps maintain a peaceful living environment.

Generally Busy

9. Pet Friendliness

Pets are allowed in some residences, but facilities like parks or pet-friendly areas are not abundant, slightly limiting pet owners' options.

Moderately Accommodating

Price Insights

Price Trends
2 Bedrooms apartments rented in Damac and Dubai Marina
Average Prices
This data displayed is based on properystellar last 12 months data.
Name Type Avg. Price (AED / year)
Villa (2Beds)
Sale
1.3M AED
Apartment (1Beds)
Sale
850K AED
Villa (3Beds)
Rent
168K AED

Map Overview

Park and Outdoor Fitness & Gym Hospital and Clinics Shopping Center and Groceries Restaurant & Cafeterias
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Local Information

Buy: 251.9K AED - 349.1K AED

Rent: 25K AED - 31.4K AED

Length: 200 sqft

Building Age: 11 Years

Floors: 29

Length of Stay:

Short Term : 3.92%
Short Term : 3.92%

A freehold master development divided into six districts, already containing over 350 towers or townhouse rows and 33 landscaped parks. 

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