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Hyatt Place Residences, Deira

Hyatt Place Residences, Deira

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Deira, Dubai

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Strengths

Spacious accommodations

Excellent customer service

Convenient location

Weakens

Limited parking space

Noise levels

High rate during peak seasons

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Buildign Overview

Summary

  • Hyatt Place Residences, Deira is strategically located in one of Dubai's vibrant neighborhoods, known for its cultural diversity and accessibility.
  • The building is in close proximity to essential facilities such as shopping malls, grocery stores, restaurants, and cafes that cater to various tastes.
  • Public transportation options, including metros and buses, are readily available, providing convenient access to other parts of the city.
  • Nearby landmarks include Dubai Creek, Al Ghurair Centre, and a range of educational institutions.

Properties Overview

  • The building offers a variety of rental and sale properties, including spacious studios, one-bedroom, and two-bedroom apartments.
  • Popular units in the building tend to be one-bedroom apartments that feature modern amenities.
  • Rental prices generally range from AED 55,000 to AED 85,000 annually, while sales prices for units can start around AED 900,000.

Market Trends

  • The real estate market in Deira has seen steady demand, with rental rates increasing by approximately 5% over the past year.
  • Sales prices have stabilized, making it a favorable time for buyers looking to invest in property.
  • The anticipated return on investment (ROI) for buyers is around 7%, attractive compared to other areas in Dubai.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • The vicinity boasts numerous supermarkets such as Carrefour and Spinneys, as well as several local convenience stores.
  • Educational institutions, including international schools and universities, are located nearby.
  • Healthcare options include well-regarded hospitals and clinics, ensuring residents have access to quality medical care.

Transportation and Accessibility

  • Abundant public transportation options make commutes easy, with both metro and bus services available.
  • The building provides ample parking spaces for residents and visitors, enhancing accessibility.
  • Major roads and highways are easily reachable, making personal vehicle travel efficient.

Lifestyle Amenities

  • Residents can enjoy a variety of on-site amenities including a state-of-the-art fitness center and swimming pool.
  • A selection of dining establishments and cafes within the building and nearby adds to the vibrant lifestyle.
  • Outdoor activities are facilitated by proximity to Dubai Creek and local parks for relaxation and leisure.

Builing Facilities

  • The property features modern elevators and 24/7 security services to ensure safety.
  • Central air conditioning is provided throughout the building for enhanced comfort.
  • Professional maintenance services are available, addressing any issues promptly.

Special Services

  • Concierge services offer personalized assistance to residents, enhancing the living experience.
  • Guest services are available for visitors staying at the property, including short-term accommodations.
  • On-site business center facilities support working residents and business travelers.

Planning Your Move or Investment

Floor Plans and Property Types

  • A diverse selection of floor plans is available, catering to individuals, families, and investors.
  • Units are designed to maximize space and comfort, featuring modern layouts.
  • Both long-term and short-term rental options can be tailored to different needs.

Things to Consider

  • Evaluate proximity to workplaces, schools, healthcare, and leisure activities before finalizing accommodation.
  • Consider potential growth in property value and rental yields in Deira.
  • Review the building's policies regarding pets, amenities, and maintenance.

Useful FAQs and Support

Events and Building Life

Building Events

  • Hyatt Place Residences fosters a community spirit through regular events like social gatherings and holiday celebrations.
  • Networking events and resident mixers provide opportunities to meet neighbors and build lasting relationships.

Community Identity

  • The building is distinguished by its contemporary design and welcoming atmosphere, reflecting the cultural vibrancy of Deira.
  • Art installations and themed decorations contribute to a unique ambiance that resonates with residents.

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Detailed Buiding Insights

1. Family Friendliness

The hotel offers spacious rooms and family-oriented amenities, making it an excellent choice for families. Additionally, the staff is very accommodating, providing services like cribs and child-proofing options.

Exceptionally Welcoming

2. Living Options

Hyatt Place Residences boasts a variety of accommodation types, including suites with kitchenettes, which are ideal for both short and extended stays.

Broadly Diverse

3. Safety And Security

The property has robust security measures in place, including CCTV surveillance, security personnel on duty, and secure access to guest floors.

Remarkably Secure

4. Transportation

While there are public transportation options nearby, having a car can significantly enhance your mobility in the area. The location is also accessible via major roads.

Moderately Convenient

5. Amenities And Facilities

Offering a range of amenities, including a fitness center, swimming pool, and a complimentary breakfast, the hotel is well-equipped to cater to various needs.

Richly Equipped

6. Cost Of Living

The rates at Hyatt Place Residences are competitive considering the amenities and services offered, striking a balance between quality and affordability.

Relatively Balanced

7. Things To Do

Located in Deira, the hotel is close to shopping malls, cultural attractions, and local markets, offering guests a plethora of activities to choose from.

Vibrantly Diverse

8. Noise Levels

Rooms are soundproofed effectively, allowing for a quiet atmosphere, despite being located in a bustling part of Deira.

Generally Peaceful

9. Pet Friendliness

The hotel is pet-friendly and offers various services to ensure a comfortable stay for both guests and their pets, though there may be some restrictions on pet sizes.

Warmly Accommodating

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Key Information

Building Type: Residential

Length: 204 units

Unit Types : Studio, 1 and 2-bedroom apartments

Floors: 7

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

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