Al Meraikhi Tower, Sheikh Zayed Road

Sheikh Zayed Road, Dubai

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Strengths

Prime Location

Modern Amenities

Sustainable Design

Weakens

High Rental Costs

Traffic Congestion

Limited Parking Space

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Strengths

Prime Location

Situated on Sheikh Zayed Road, the tower offers easy access to major highways and business districts.

Modern Amenities

Equipped with state-of-the-art facilities including fitness centers and conference rooms.

Sustainable Design

Incorporates eco-friendly materials and energy-efficient systems.

Weaknesses

High Rental Costs

The rental prices are above average compared to surrounding buildings.

Traffic Congestion

High traffic levels during peak hours can hinder accessibility.

Limited Parking Space

Parking availability is sometimes insufficient, leading to inconvenience.

Considerations

Check Lease Terms

Review lease conditions carefully as they may include strict policies.

Evaluate Nearby Amenities

Consider proximity to shopping centers, restaurants, and public transport options.

Future Developments

Stay informed about nearby construction projects that may affect the area.

Buildign Overview

Summary

Al Meraikhi Tower stands prominently on Sheikh Zayed Road, a major artery of Dubai, providing ease of access to a host of amenities.
Located in proximity to key landmarks including the World Trade Centre, Dubai Mall, and a myriad of hotels, this tower boasts a strategic location that enhances its appeal.
The architecture reflects modern design, ensuring both functionality and aesthetic appeal, making it comparable to notable nearby buildings.

Properties Overview

The tower offers a mix of residential and commercial spaces, attracting a diverse range of tenants and buyers.
Rental prices for residential units typically range from AED 70,000 to AED 120,000 annually, depending on the type and layout.
For sales, units can range from approximately AED 1.2 million to AED 2.5 million, depending on size and amenities, making it a competitive option in the bustling real estate market.

Market Trends

Rental rates in Al Meraikhi Tower have shown a steady growth of 5-7% over the last year, reflecting an upward trajectory in demand.
Sales trends indicate a strong interest from investors, with an average ROI of around 7% annually, making it an attractive investment opportunity.
Experts predict continued growth in both rental and sales as the area develops and more amenities become available.

Living and Investing in the Building

Amenities, Schools, and Healthcare

Residents benefit from nearby supermarkets, educational institutions, and healthcare facilities, including clinics and hospitals.
Prominent schools and colleges are within a short drive, catering to families residing in Al Meraikhi Tower.

Transportation and Accessibility

Excellent public transportation links, including the Dubai Metro, are readily accessible, enhancing commute options.
There are ample parking spaces for residents and visitors, ensuring convenience for those who drive.

Lifestyle Amenities

The area is vibrant, featuring numerous fitness centers, fine dining restaurants, and cafes, promoting a healthy and sociable lifestyle.
Local parks and recreational facilities add to outdoor lifestyle options for residents.

Builing Facilities

Al Meraikhi Tower is equipped with high-speed elevators, a comprehensive security system, and central air conditioning.
Regular maintenance and management services ensure a high standard of living for its residents.

Special Services

Additional perks include a front-desk concierge service, which assists residents with various needs and requests.
Business centers and conference rooms are available for professionals, providing a perfect blend of work and lifestyle.

Planning Your Move or Investment

Floor Plans and Property Types

The building features a range of floor plans, from cozy studios to spacious three-bedroom apartments, catering to different lifestyle needs.
Commercial spaces are also available, ideal for businesses seeking a prominent location.

Things to Consider

Prospective tenants and buyers should assess factors such as proximity to workplaces, lifestyle amenities, and neighborhood vibe before deciding.
A review of maintenance fees, community rules, and regulations is advisable for a clear understanding of commitments.

Useful FAQs and Support

Events and Building Life

Building Events

Al Meraikhi Tower regularly hosts community gatherings and seasonal events, fostering a strong sense of community among residents.
Social events offer networking opportunities, making living in the tower less isolated and more engaging.

Community Identity

The tower's unique blend of modern design and community spirit makes it a distinguished landmark on Sheikh Zayed Road.
Cultural events and themed gatherings contribute to the lively atmosphere, appealing to both local and expatriate populations.

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Detailed Buiding Insights

1. Family Friendliness

The community offers good schools and parks, making it suitable for families, though it could benefit from more child-friendly activities.

Moderately Welcoming

2. Living Options

There is a broad range of living options, including apartments of various sizes and styles, catering to different tastes and budgets.

Diverse and Accessible

3. Safety And Security

The area has a strong presence of security personnel and surveillance systems, contributing to a high sense of safety for residents.

Highly Secure

4. Transportation

Public transport options such as buses and metro stations nearby provide easy access to other areas of the city, along with well-maintained roads.

Conveniently Accessible

5. Amenities And Facilities

A variety of amenities including gyms, swimming pools, and retail outlets enhance the quality of living, along with nearby shopping malls.

Richly Equipped

6. Cost Of Living

The cost of living is on the higher side due to the prime location and modern facilities available in the area, which may be a concern for some residents.

Relatively High

7. Things To Do

The community offers a range of entertainment options including restaurants, cafes, and cultural venues, providing plenty of social activities.

Vibrantly Diverse

8. Noise Levels

While some areas are relatively peaceful, the proximity to Sheikh Zayed Road can lead to higher noise levels during peak times.

Occasionally Noisy

9. Pet Friendliness

There are some pet-friendly locations and parks, but restrictions on pet ownership in some buildings may limit options for pet owners.

Moderately Accommodating

Schools

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Key Information

Developer: Al Meraikhi General Contracting Company

Building Type: Residential

Building Age: 22 years(Date of completion: 2003)

Unit Types : 1 and 2-bedroom apartments

Floors: 32 storeys

Community Insights

Mostly apartments | Luxury | Well connected

Lowest: 135K - 260K AED/year

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