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Park Lane Tower, Business Bay

Park Lane Tower, Business Bay

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Business Bay, Dubai

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Strengths

Prime Location

Modern Architecture

Excellent Amenities

Weakens

High Rental Costs

Traffic Congestion

Limited Parking

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Buildign Overview

Summary

  • Park Lane Tower is a prestigious skyscraper located in the heart of Business Bay, Dubai.
  • The building features modern architectural design and offers state-of-the-art facilities.
  • Nearby landmarks include the iconic Burj Khalifa, Dubai Mall, and a variety of dining and entertainment options.
  • The area benefits from convenient public transportation, with close access to metro stations and bus routes.
  • Business Bay is a prominent business district, making Park Lane Tower a desirable location for professionals and investors.

Properties Overview

  • A variety of residential and commercial units are available for both sale and rent, catering to diverse preferences.
  • Popular property types include luxurious 1-bedroom and 2-bedroom apartments as well as office spaces.
  • Current rental prices range from AED 80,000 to AED 150,000 annually, depending on the unit size and features.
  • For buyers, properties can be purchased at prices starting from AED 1.2 million to AED 2.5 million.

Market Trends

  • The real estate market in Business Bay has shown a steady increase in both rental and sales prices over the past year.
  • Investors can expect a strong return on investment (ROI), with average rental yields around 6-7%.
  • Future market trends indicate continued growth in demand for premium properties in this thriving district.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Several supermarkets and grocery stores are located within walking distance, ensuring convenience for residents.
  • Prominent educational institutions are nearby, catering to families with children.
  • Access to healthcare facilities, including hospitals and clinics, is readily available, providing necessary medical services.

Transportation and Accessibility

  • The building offers easy access to public transportation, including metro stations that connect to major areas in Dubai.
  • Ample parking spaces are available for residents and visitors, enhancing accessibility to and from the building.

Lifestyle Amenities

  • Residents can enjoy various lifestyle amenities, including a well-equipped gym, swimming pool, and spa facilities.
  • The vicinity boasts several fine dining restaurants, cafes, and vibrant nightlife options.
  • Outdoor recreational opportunities include parks and walking areas along the waterfront.

Builing Facilities

  • Park Lane Tower features modern elevators, 24/7 security, and advanced central air conditioning systems.
  • Maintenance services are readily available to keep the building in excellent condition.

Special Services

  • Exclusive concierge services ensure that residents can have their needs met promptly.
  • Business centers and meeting facilities are available for professional use, catering to corporate tenants.

Planning Your Move or Investment

Floor Plans and Property Types

  • A variety of thoughtfully designed floor plans are available for both rental and purchase options, suitable for various lifestyles.
  • Layouts include spacious living areas, modern kitchens, and luxurious bathrooms to meet the needs of residents.

Things to Consider

  • Potential tenants should evaluate their lifestyle preferences, budget, and desired amenities before choosing a unit.
  • Buyers should consider factors such as investment potential, property valuation, and proximity to workplaces.

Useful FAQs and Support

Events and Building Life

Building Events

  • Park Lane Tower regularly hosts community events, social gatherings, and networking opportunities to enhance resident engagement.
  • These activities promote a sense of community and allow residents to connect with one another.

Community Identity

  • Park Lane Tower is distinguished by its striking architecture, luxurious amenities, and prime location.
  • The building embodies a blend of professional and leisurely lifestyles, making it a sought-after address in Dubai.

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Detailed Buiding Insights

1. Family Friendliness

Park Lane Tower has a decent environment for families with some facilities nearby, like parks and schools, however, it may lack dedicated children's areas.

Moderately Welcoming

2. Living Options

The living options in Park Lane Tower include a range of apartments that cater to various preferences and budgets, making it an attractive choice for many.

Diverse

3. Safety And Security

The building features advanced security systems, including surveillance cameras and controlled access, providing residents with a strong sense of safety.

Very Secure

4. Transportation

Easy access to metro stations and main roads makes commuting very convenient for residents, enhancing the overall appeal of the location.

Highly Convenient

5. Amenities And Facilities

The tower offers a pool, gym, and other recreational facilities that meet the needs of most residents, contributing to a comfortable lifestyle.

Richly Equipped

6. Cost Of Living

Living costs in Park Lane Tower are on the higher side compared to other areas in Business Bay, which may be a consideration for potential residents.

Relatively High

7. Things To Do

The area boasts a variety of entertainment options, dining experiences, and attractions that cater to all age groups, making it an exciting place to live.

Vibrantly Diverse

8. Noise Levels

Despite being in a bustling area, the building's structure helps in minimizing outside noise, offering residents a relatively peaceful living environment.

Generally Quiet

9. Pet Friendliness

While some basic amenities for pets exist, such as parks nearby, the building's pet policies are somewhat restrictive, which may be a limitation for pet owners.

Moderately Accommodating

Schools

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Key Information

Developer: KM Properties

Building Type: Mixed-use

Building Age: 8 years(Date of completion: 2016)

Length: 208

Unit Types : 1-bedroom suites, deluxe rooms, junior suites and standard suites and commercial spaces

Floors: 37

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

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