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Palacio Tower, Dubai Silicon Oasis

Palacio Tower, Dubai Silicon Oasis

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Dubai Silicon Oasis, Dubai

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Strengths

Modern Architecture

Excellent Amenities

Strategic Location

Weakens

Limited Public Transport

High Maintenance Fees

Noise from Surrounding Area

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Buildign Overview

Summary

  • Palacio Tower is a modern residential building located in the vibrant Dubai Silicon Oasis, known for its blend of luxury living and technological innovation.
  • The tower is surrounded by numerous amenities, including retail outlets, dining options, and green spaces, making it an attractive choice for families and professionals alike.
  • Public transport options nearby facilitate easy access to other parts of Dubai, enhancing commuter convenience.
  • Some notable landmarks in close proximity include the Dubai Silicon Oasis Headquarters and various educational institutions.

Properties Overview

  • Palacio Tower offers a diverse range of units, including studios, one-bedroom, and two-bedroom apartments, catering to both renters and buyers.
  • Rental prices for apartments typically range from AED 45,000 to AED 80,000 annually, depending on the unit size and amenities.
  • For potential buyers, the selling prices vary from AED 600,000 to AED 1,200,000, making it an attractive investment opportunity in a thriving area.

Market Trends

  • The rental market in Dubai Silicon Oasis has seen a steady increase, with rental yields averaging between 6% to 8%, which is favorable for investors.
  • Sales trends indicate a competitive market with a gradual rise in property values due to ongoing development in the vicinity.
  • In the past year, the demand for residential properties in Dubai Silicon Oasis has surged, driven by the area's appeal to tech professionals and families.
  • Looking ahead, the market is expected to continue expanding as infrastructure projects are completed and more amenities are developed.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents have access to various supermarkets, such as Spinneys and Carrefour, along with several educational institutions ranging from primary to tertiary levels.
  • Healthcare needs are served by nearby hospitals and clinics, ensuring that residents have access to quality medical care within a short distance.

Transportation and Accessibility

  • Palacio Tower benefits from close proximity to major roads like Sheikh Mohammed Bin Zayed Road, facilitating easy commuting.
  • Public transport services, including buses and taxis, are readily available, complementing the building's accessibility.

Lifestyle Amenities

  • The area boasts a variety of lifestyle amenities, including gyms, parks, and recreational facilities, promoting a balanced and active lifestyle.
  • Gourmet restaurants and cafes within walking distance provide dining options that cater to a range of tastes and preferences.

Builing Facilities

  • Palacio Tower features state-of-the-art facilities, including high-speed elevators, a 24-hour security system, and central air conditioning for optimal comfort.
  • Regular maintenance services are available to ensure the upkeep of shared spaces and amenities.

Special Services

  • The building comes equipped with concierge services, guest reception, and business centers, catering to both residents and visitors.
  • Additional amenities include swimming pools, recreational areas, and designated parking spaces for residents.

Planning Your Move or Investment

Floor Plans and Property Types

  • Palacio Tower offers a range of thoughtfully designed floor plans tailored to various lifestyles, including flexible layouts for singles, couples, and families.
  • Potential buyers and renters can explore a variety of options that best suit their needs.

Things to Consider

  • Before making a decision, consider factors such as budget, proximity to work, and personal lifestyle preferences.
  • It's advisable to assess the building's amenities and services to ensure they align with your expectations.

Useful FAQs and Support

Events and Building Life

Building Events

  • Palacio Tower hosts various community events, including social gatherings, fitness classes, and seasonal celebrations for residents.
  • These activities foster a sense of community and engagement among the residents.

Community Identity

  • The building's modern architectural design coupled with a vibrant community spirit distinguishes it from other buildings in the area.
  • Palacio Tower is recognized for its commitment to providing both a luxury living experience and a family-friendly environment.

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Detailed Buiding Insights

1. Family Friendliness

Palacio Tower offers a family-oriented atmosphere with numerous parks and playgrounds in close proximity, making it an ideal place for families with children.

Exceptionally Welcoming

2. Living Options

The tower features a variety of apartment configurations, including one, two, and three-bedroom units, catering to different family sizes and preferences.

Broadly Diverse

3. Safety And Security

Palacio Tower has a strong security presence, including CCTV coverage and access controls, providing residents with peace of mind.

Remarkably Secure

4. Transportation

While public transport options are somewhat limited, major roads and highways provide good connectivity to Dubai's central business districts.

Moderately Convenient

5. Amenities And Facilities

Residents enjoy access to a well-equipped gym, swimming pool, and recreational areas, making it an attractive community for active lifestyles.

Richly Equipped

6. Cost Of Living

The cost of living in Palacio Tower is competitive compared to other areas in Dubai Silicon Oasis, offering good value for the amenities provided.

Relatively Balanced

7. Things To Do

There are various entertainment and dining options nearby, along with community events and markets, making it an engaging place to live.

Vibrantly Diverse

8. Noise Levels

The tower is situated in a quieter section of Dubai Silicon Oasis, leading to a serene living environment for its residents.

Generally Peaceful

9. Pet Friendliness

Pets are welcomed at Palacio Tower, with pet-friendly policies in place, and nearby parks provide space for exercising pets.

Warmly Accommodating

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Key Information

Developer:  Abdul Salam M Rafi Saeed Group

Building Type: Residential

Building Age: 12 years(Date of completion: 2012)

Length: 326

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

Floors: 15

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

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