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Art XV Tower, Business Bay

Art XV Tower, Business Bay

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Business Bay, Dubai

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Strengths

Prime Location

Modern Architecture

State-of-the-Art Facilities

Weakens

High Rental Costs

Traffic During Peak Hours

Limited Parking Space

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Buildign Overview

Summary

  • Art XV Tower is a modern residential and commercial skyscraper located in the vibrant Business Bay area of Dubai.
  • The building is strategically positioned near major landmarks, including the Burj Khalifa and Dubai Mall, providing easy access to a variety of shopping and entertainment options.
  • Public transportation options are plentiful, with proximity to the Dubai Metro and various bus routes, making commuting convenient.
  • In comparison to other buildings in Business Bay, Art XV Tower stands out for its contemporary design and premium amenities.

Properties Overview

  • The tower features a diverse range of residential units, including 1, 2, and 3-bedroom apartments, catering to both renters and buyers.
  • Popular units feature spacious layouts and high-end finishes, with rental prices averaging from AED 85,000 for 1-bedroom units to AED 150,000 for 3-bedroom units.
  • For buyers, unit prices vary widely, with 1-bedroom apartments starting at approximately AED 1.2 million, while larger units can exceed AED 3 million.

Market Trends

  • The real estate market in Business Bay has shown resilience, with rental prices experiencing moderate annual growth of around 3-5%.
  • Sales trends indicate a steady interest from investors, with a return on investment (ROI) ranging from 6-8%, appealing to long-term buyers.
  • As the area continues to develop, market forecasts suggest an upward trend for both rentals and property values.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents benefit from a range of nearby amenities, including supermarkets, schools, and healthcare facilities.
  • Prominent educational institutions and hospitals are within a short driving distance, ensuring ease of access for families.

Transportation and Accessibility

  • Public transportation includes the nearby metro station and ample bus services, enhancing mobility within Dubai.
  • The building also offers dedicated parking spaces for residents and guests, facilitating easy access.

Lifestyle Amenities

  • Art XV Tower hosts various lifestyle amenities, including a state-of-the-art fitness center, swimming pool, and recreational areas.
  • Nearby dining and hospitality options include gourmet restaurants, cafes, and luxury hotels, enriching the living experience.

Builing Facilities

  • The building is equipped with high-speed elevators, 24/7 security services, a modern central air conditioning system, and regular maintenance services.

Special Services

  • Exclusive services such as concierge assistance, guest services, and access to business facilities enhance the living experience for residents.

Planning Your Move or Investment

Floor Plans and Property Types

  • Art XV Tower offers versatile floor plans that accommodate various lifestyles, ensuring comfort for individuals and families alike.
  • Potential residents can select from different layouts designed to maximize living space and functionality.

Things to Consider

  • When contemplating a move or investment, consider factors such as community amenities, proximity to work, and future urban development.
  • Asses the overall living experience, including public services and lifestyle options available in the area.

Useful FAQs and Support

Events and Building Life

Building Events

  • Residents can participate in community events, networking gatherings, and social activities organized within Art XV Tower to foster a sense of community.

Community Identity

  • Art XV Tower is recognized for its artistic architecture and vibrant community engagements, creating a culturally enriching environment.

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Detailed Buiding Insights

1. Family Friendliness

The community offers a decent environment for families, though there are limited playgrounds and activities specifically designed for children.

Moderately Welcoming

2. Living Options

Art XV Tower provides a variety of apartment sizes and layouts, catering to singles, couples, and families alike, making it a suitable living option for different demographics.

Diverse Choices

3. Safety And Security

The building has 24/7 security personnel and surveillance systems in place, ensuring a high level of safety for residents.

Secure

4. Transportation

Located in Business Bay, Art XV Tower is well-connected to transport links, including metro stations and major roadways, making commuting very easy.

Highly Convenient

5. Amenities And Facilities

The tower features modern amenities such as a state-of-the-art gym, swimming pool, and recreational areas, enhancing the living experience for residents.

Well-Equipped

6. Cost Of Living

While the cost of living is above average, the amenities and location justify the expenses for many residents.

Moderately High

7. Things To Do

There are numerous dining, shopping, and entertainment options available in the vicinity, providing a lively atmosphere for residents and visitors.

Vibrantly Diverse

8. Noise Levels

Although it can be busy due to the surrounding commercial area, the soundproofing of the apartments helps to maintain a relatively quiet living environment.

Generally Moderate

9. Pet Friendliness

The building allows pets, and there are nearby parks and open spaces where residents can take their pets for walks, making it a suitable option for pet owners.

Accommodating

Schools

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Key Information

Developer: Abdulrahman Mohammed Taher Wali.

Building Type: Residential

Building Age: 8 years(completed in 2016)

Unit Types : 1, 2 and 3-bedroom apartments

Floors:  20 floors

Community Insights
Mostly apartments | Luxury | Well connected
Lowest: 135K - 260K AED/year

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