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Park Avenue III, Meydan City

Park Avenue III, Meydan City

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Meydan City, Dubai

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Strengths

Modern architectural design

Proximity to amenities

Spacious living areas

Weakens

High maintenance costs

Limited public transport options

Noise levels during peak hours

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Buildign Overview

Summary

  • Park Avenue III is a modern residential building situated in the vibrant Meydan City, known for its luxurious lifestyle and state-of-the-art amenities.
  • The building is conveniently located near key landmarks such as Meydan Racecourse and the Dubai Mall, ensuring residents have access to entertainment and leisure options.
  • Public transportation options are readily available, enhancing connectivity to other parts of the city.

Properties Overview

  • The building features a variety of residential units, including one, two, and three-bedroom apartments designed for contemporary living.
  • Current market prices for rentals range between AED 70,000 to AED 150,000 annually, while sales prices for units typically start from AED 1.1 million.
  • Popular units often include two-bedroom apartments due to their spacious layouts and exceptional views.

Market Trends

  • In the past year, the rental market in Meydan City has seen a steady demand, with an average rental increase of 5% year-over-year.
  • Sales trends indicate a growing interest in investment properties, with an average return on investment (ROI) of approximately 6% for buyers.
  • Market analysts predict continued growth in property values as the area develops further.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents benefit from proximity to several schools, including the Dubai Modern Education School, and healthcare facilities such as Mediclinic Meadows.
  • Supermarkets such as Carrefour and Spinneys are in close vicinity, catering to everyday shopping needs.

Transportation and Accessibility

  • Public transport options include an efficient bus network and nearby metro stations, enhancing accessibility.
  • Ample parking spaces are provided within the building for residents and their guests.

Lifestyle Amenities

  • Onsite amenities include a fully-equipped gym, swimming pool, and landscaped gardens.
  • Numerous dining options, cafes, and recreational areas are within walking distance, allowing for a vibrant lifestyle.

Builing Facilities

  • The building offers key features such as high-speed elevators, round-the-clock security, and central air conditioning to ensure comfort.
  • Regular maintenance services are available to address any tenant concerns.

Special Services

  • Park Avenue III provides concierge services to assist residents with various needs.
  • Business centers and meeting rooms are available for those who work remotely or require professional meeting spaces.

Planning Your Move or Investment

Floor Plans and Property Types

  • A diverse range of floor plans is available, catering to different lifestyles, from singles to families.
  • Options include open-plan layouts and traditional designs suitable for both renters and buyers.

Things to Consider

  • Consider the proximity to amenities, commuting time, and overall lifestyle when choosing your property.
  • Evaluate the long-term investment potential and current market trends.

Useful FAQs and Support

Events and Building Life

Building Events

  • Park Avenue III hosts regular community events, including seasonal celebrations and gatherings, fostering a strong sense of community among residents.

Community Identity

  • The building's distinctive architectural design and commitment to sustainability set it apart in Meydan City.
  • Community art programs and recreational activities contribute to a vibrant cultural atmosphere.

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Detailed Buiding Insights

1. Family Friendliness

Park Avenue III offers a safe and engaging environment for families, with nearby parks, playgrounds, and educational facilities that cater to children of all ages.

Exceptionally Welcoming

2. Living Options

The community features a mix of apartment sizes and styles, catering to singles, couples, and families, making it an appealing choice for a wide range of residents.

Broadly Diverse

3. Safety And Security

The area is equipped with modern security systems, 24/7 surveillance, and a gated entrance, providing residents with peace of mind regarding safety.

Remarkably Secure

4. Transportation

Though public transport options are developing, residents have access to main roads and highways, making it relatively easy to reach key areas in Dubai.

Moderately Convenient

5. Amenities And Facilities

The community boasts a range of top-notch amenities including swimming pools, gyms, parks, and retail spaces, offering a convenient lifestyle.

Richly Equipped

6. Cost Of Living

While housing costs are slightly above average, the available amenities and community features balance out expenses, making it a worthwhile investment.

Relatively Balanced

7. Things To Do

Residents can enjoy a variety of activities including shopping, dining, cultural events, and outdoor activities, providing a vibrant lifestyle.

Vibrantly Diverse

8. Noise Levels

The community layout and landscaping naturally buffer noise, allowing for a tranquil living environment despite its proximity to urban centers.

Generally Peaceful

9. Pet Friendliness

Many residents own pets and the community offers pet-friendly parks and walking areas, making it easy for pet owners to enjoy their furry companions.

Warmly Accommodating

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Key Information

Developer: Azizi Developments

Building Type: Residential

Building Age: 2 years(completed in 2022)

Length: 89 units

Unit Types : 1 , 2 bedroom apartments

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

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