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Dar Al Riffa Building, Bur Dubai

Dar Al Riffa Building, Bur Dubai

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Bur Dubai, Dubai

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Strengths

Prime Location

Spacious Apartments

Modern Amenities

Weakens

High Rental Prices

Limited Parking

Noise Issues

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Buildign Overview

Summary

  • Strategically located in the vibrant Bur Dubai district, the Dar Al Riffa Building is surrounded by essential amenities and cultural landmarks.
  • Residents enjoy easy access to public transportation, including the Bur Dubai Metro Station and various bus routes.
  • Nearby attractions include the Dubai Museum, Al Fahidi Historical District, and the scenic Dubai Creek, enhancing the building's appeal to both residents and visitors.

Properties Overview

  • The Dar Al Riffa Building features a mix of residential units, including spacious one-bedroom and two-bedroom apartments.
  • Rental prices range from AED 45,000 to AED 90,000 annually, depending on the apartment size and amenities.
  • Sales prices for units typically start from AED 800,000, making it an attractive option for investors and first-time buyers.

Market Trends

  • The real estate market in Bur Dubai has seen a significant demand for rental properties, with a year-on-year rental increase of approximately 5% in the last year.
  • Sale prices have stabilized, offering a strong return on investment (ROI) for buyers, estimated at around 7-9%.
  • The future market expectation indicates sustained interest due to the area's continued development and infrastructure upgrades.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents are conveniently close to several supermarkets, including Spinneys and Carrefour.
  • Notable educational institutions nearby include the American School of Dubai and the International School of Arts & Science.
  • Healthcare facilities like Aster Clinic and Burjeel Hospital are within a short distance, ensuring access to essential medical services.

Transportation and Accessibility

  • Efficient public transport options are available, including the Dubai Metro and numerous bus services offering access to major city areas.
  • The building provides dedicated parking spaces for residents, enhancing convenience and accessibility.

Lifestyle Amenities

  • Residents benefit from a range of lifestyle amenities, including fitness centers, swimming pools, and nearby parks for outdoor activities.
  • Several popular eateries and cafes are situated within walking distance, catering to diverse culinary preferences.

Builing Facilities

  • The Dar Al Riffa Building is equipped with modern elevators, 24/7 security services, and centralized air-conditioning systems.
  • Professional maintenance services are available on-site, ensuring residents' comfort and safety.

Special Services

  • Unique services include concierge assistance and business centers for working professionals.
  • Guest services are also available, making it a convenient choice for residents with visitors.

Planning Your Move or Investment

Floor Plans and Property Types

  • The building offers a variety of floor plans, catering to both individuals and families seeking modern living spaces.
  • Options include one-bedroom, two-bedroom, and select studio apartments, each thoughtfully designed for functionality and style.

Things to Consider

  • Potential tenants and buyers should consider factors such as budget, desired layout, and proximity to work and leisure activities.
  • It's advisable to review the building's rules and community guidelines to ensure a harmonious living experience.

Useful FAQs and Support

Events and Building Life

Building Events

  • The Dar Al Riffa Building hosts regular community events, fostering social interactions among residents.
  • Celebrations during cultural festivals and seasonal gatherings enhance the communal atmosphere.

Community Identity

  • The building stands out for its blend of modern architecture and cultural heritage, reflecting the essence of Bur Dubai.
  • Residents are part of a vibrant community that values traditions while embracing contemporary living.

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Detailed Buiding Insights

1. Family Friendliness

The community provides excellent recreational areas and nearby parks, making it a great environment for families with children. Numerous family-oriented events and activities are organized throughout the year.

Exceptionally Welcoming

2. Living Options

Dar Al Riffa offers a range of living spaces, from cozy apartments to larger family units, catering to different preferences and budgets. The options available ensure that prospective residents can find suitable accommodation.

Variety of Choices

3. Safety And Security

The building is equipped with 24/7 security surveillance and controlled access points. Residents report feeling safe and secure, contributing to a strong sense of community.

Remarkably Secure

4. Transportation

Proximity to major roads and the metro station enhances transport options for residents. Public transport is readily available, making commutes easier.

Conveniently Accessible

5. Amenities And Facilities

The building features essential amenities such as a gym, swimming pool, and recreational areas. Nearby shops and services further enhance convenience.

Richly Equipped

6. Cost Of Living

While prices are slightly above average for the area, the quality of life and amenities provided justify the cost for many residents.

Moderately Priced

7. Things To Do

There are a variety of cultural attractions, dining options, and entertainment venues within walking distance, making it a lively area filled with activities.

Vibrantly Diverse

8. Noise Levels

While the building is located in a vibrant part of Bur Dubai, noise levels can vary, particularly during peak hours. However, it remains relatively peaceful during the night.

Occasionally Lively

9. Pet Friendliness

The community is supportive of pets, with several nearby parks and pet-friendly spaces. Residents often express their approval of the pet policies in place.

Warmly Accommodating

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Key Information

Building Type: Commercial

Unit Types :  Retail and office units

Floors: 9

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

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