Elite 1 Downtown Residence, Downtown Dubai

Downtown Dubai, Dubai

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Strengths

Prime Location

Luxurious Amenities

Modern Design

Weakens

High Maintenance Fees

Limited Parking

Noise Levels

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Strengths

Prime Location

Situated in the heart of Downtown Dubai, offering easy access to iconic landmarks.

Luxurious Amenities

Features top-notch amenities including a pool, gym, and spa.

Modern Design

Architecturally stunning with contemporary interiors and high-quality finishes.

Weaknesses

High Maintenance Fees

Monthly fees are relatively high compared to other residences in the area.

Limited Parking

Insufficient parking spaces can be inconvenient for residents and guests.

Noise Levels

Proximity to busy streets may lead to higher noise levels during certain times.

Considerations

Investment Potential

Consider the potential for property value appreciation in this prime area.

Community Vibes

Assess the community environment and social activities before moving in.

Accessibility

Evaluate the availability of public transport options for commuting purposes.

Buildign Overview

Summary

Elite 1 Downtown Residence is a luxurious residential building located in the heart of Downtown Dubai.
The building features stunning architecture, with a strategic position near key landmarks such as the Burj Khalifa and The Dubai Mall.
Residents can enjoy easy access to a range of facilities, including parks, shopping areas, and fine dining options.
The development is well-connected with public transportation, including the Dubai Metro and bus services.

Properties Overview

The residential units at Elite 1 range from stylish studio apartments to spacious three-bedroom residences, catering to diverse lifestyle needs.
Typical rental prices for studios start around AED 85,000 annually, while larger units can go upward of AED 200,000.
For those looking to buy, property prices for one-bedroom apartments typically start at AED 1.5 million and can rise based on the unit's features and floor level.

Market Trends

In the past year, the rental market in Downtown Dubai has seen a steady demand, with an average rental increase of approximately 5-7%.
Sales prices have remained stable, with an expected moderate growth of around 3-5% over the next two years.
Investors have seen a solid ROI of roughly 6-8%, driven by the area’s popularity and continued urban development.

Living and Investing in the Building

Amenities, Schools, and Healthcare

Surrounding Elite 1 are various supermarkets, renowned schools, and premium healthcare facilities, ensuring residents' convenience and wellbeing.
Nearby educational institutions include the Dubai International School and the American School of Dubai, known for their quality education.
Healthcare services are easily accessible, with several clinics and hospitals in close proximity.

Transportation and Accessibility

The building is strategically located near major roadways, providing quick access to other parts of Dubai.
Public transportation options include the Dubai Metro, located within walking distance, enhancing connectivity to the broader city.
Ample parking spaces are available for residents and guests.

Lifestyle Amenities

Residents enjoy a wealth of lifestyle amenities, including a state-of-the-art gym, relaxing spa facilities, and lovely outdoor pools.
The building also features upscale dining options and chic cafes, perfect for socializing and leisure.
Proximity to cultural landmarks and entertainment venues offer residents an enriching lifestyle experience.

Builing Facilities

Elite 1 is equipped with high-speed elevators, 24/7 security services, and centralized air conditioning to ensure a comfortable living environment.
Maintenance services are readily available, contributing to the seamless, hassle-free living experience.

Special Services

Residents have access to exclusive concierge services and guest reception facilities, enhancing every aspect of their lifestyle.
The building also features well-equipped business centers, catering to professionals and entrepreneurs working remotely.

Planning Your Move or Investment

Floor Plans and Property Types

Elite 1 Downtown Residence offers a range of floor plans, from efficient studios to luxurious multi-bedroom apartments designed to optimize living space.
Each unit is designed with modern finishes and amenities to suit varying preferences of residents and investors.

Things to Consider

Potential tenants and buyers should evaluate their lifestyle needs and budget constraints before making a decision.
Consider the proximity to workplace and leisure activities, as well as the availability of schools and healthcare facilities.
Review the building's rules and regulations to ensure alignment with personal living preferences.

Useful FAQs and Support

Events and Building Life

Building Events

Regular social events and community gatherings are organized, fostering a strong sense of community among residents.
The building often hosts seasonal celebrations, sports events, and educational workshops for all age groups.

Community Identity

Elite 1 is distinguished by its modern aesthetic and vibrant community atmosphere, blending luxury living with cultural experiences.
The building promotes a lifestyle that combines comfort, sophistication, and convenience, elevating the living experience in Downtown Dubai.

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Detailed Buiding Insights

1. Family Friendliness

The community features spacious apartments and a family-oriented environment, with nearby parks and recreational areas suitable for children.

Exceptionally Welcoming

2. Living Options

Elite 1 offers a variety of apartment sizes, including one, two, and three-bedroom options, catering to different family needs and preferences.

Broadly Diverse

3. Safety And Security

The residence is equipped with state-of-the-art security systems, including 24/7 surveillance and controlled access, ensuring a safe living environment.

Remarkably Secure

4. Transportation

Located in Downtown Dubai, residents have easy access to public transport, taxis, and major roads, making commuting effortless.

Highly Convenient

5. Amenities And Facilities

Residents enjoy luxurious amenities, including a swimming pool, gym, and community lounge, along with access to nearby shops and restaurants.

Richly Equipped

6. Cost Of Living

While the cost of living in Downtown Dubai is on the higher side, the quality of life and amenities justify the expenses for many residents.

Relatively High

7. Things To Do

The area is rich with cultural attractions, shopping malls, cafes, and entertainment options, suitable for varying tastes and preferences.

Vibrantly Diverse

8. Noise Levels

Given the vibrant nightlife and busy streets of Downtown Dubai, residents may experience some noise, especially during weekends.

Moderately Noisy

9. Pet Friendliness

While pets are permitted, there are specific guidelines for pet owners, and available green spaces for walking dogs can be limited.

Moderately Accommodating

Schools

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Key Information

Developer: Triplanet Range Group

Building Type: Residential

Building Age: 2 years(completed in 2022)

Length: 400

Unit Types : Studio, 1, 2 and 3-bedroom apartments

Floors: 30 floors

Community Insights

Mostly apartments | Luxury | Well connected

Lowest: 135K - 260K AED/year

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