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Park Tower A, DIFC

Park Tower A, DIFC

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Dubai International Financial Centre (DIFC), Dubai

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Strengths

Prime Location

Modern Facilities

Scenic Views

Weakens

High Rental Prices

Limited Parking Space

Noise Levels

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Buildign Overview

Summary

  • Park Tower A is a prestigious residential and commercial building located in the heart of the Dubai International Financial Centre (DIFC).
  • The tower offers a prime location with proximity to key financial institutions, high-end dining, and luxury shopping.
  • Public transport is easily accessible, including the Dubai Metro and various bus routes, enhancing connectivity to the rest of the city.
  • Nearby landmarks include the iconic Burj Khalifa and The Dubai Mall, making it a desirable location for both residents and businesses.

Properties Overview

  • Park Tower A features a range of luxury apartments, including one, two, and three-bedroom units, alongside exclusive penthouses.
  • Rental prices typically range from AED 120,000 to AED 250,000 per annum, with sales prices starting from AED 1.5 million.
  • The most sought-after units boast modern finishes, panoramic views, and spacious layouts, appealing to both renters and buyers.

Market Trends

  • The rental market for Park Tower A has shown a steady increase over the past 12 months, with an average ROI of around 7%, appealing to real estate investors.
  • Sales trends indicate a growing interest in luxury apartments in DIFC, partly driven by increased foreign investment.
  • Expectations for the upcoming year point to a continued rise in demand due to Dubai's recovery and economic stability.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents have access to an array of essential services, including supermarkets, schools, and healthcare facilities.
  • Notable nearby healthcare services include the Dubai Healthcare City and several well-rated clinics.

Transportation and Accessibility

  • Parking facilities are available on-site, and residents can enjoy easy access to main roads, offering convenience for personal vehicles.
  • Public transport options are plentiful, with the Financial Centre Metro Station just a short walk away.

Lifestyle Amenities

  • Amenities include modern gyms, a swimming pool, and wellness centers, catering to active lifestyles.
  • The building is surrounded by premium restaurants, cafes, and hotels, providing a vibrant urban lifestyle for residents.

Builing Facilities

  • Park Tower A is equipped with state-of-the-art elevators, 24-hour security services, and centralized air conditioning to ensure comfort and safety.
  • Regular maintenance is offered, ensuring that common areas and facilities are always in top condition.

Special Services

  • Residents can benefit from concierge services, helping with bookings, maintenance requests, and other resident needs.
  • Business centers and meeting rooms are available, appealing to professionals and business owners within the building.

Planning Your Move or Investment

Floor Plans and Property Types

  • A diverse selection of floor plans is available to accommodate different lifestyles, from cozy one-bedroom apartments to expansive family homes.
  • Potential buyers and renters can access virtual tours and detailed layouts, making it easier to envision their future living space.

Things to Consider

  • Before making a decision, it’s advisable to consider the building's location relative to work and schools, along with amenities and maintenance quality.
  • Evaluate the overall cost of living, including potential service fees and community charges.

Useful FAQs and Support

Events and Building Life

Building Events

  • Regular community events, including networking meet-ups and social gatherings, foster a friendly neighborhood vibe.
  • Seasonal festivities and holiday celebrations are organized, promoting a sense of community among residents.

Community Identity

  • Park Tower A stands out due to its modern architectural design and integration of luxurious living with professional spaces.
  • The building embodies the vibrant culture of the DIFC, known for its blend of business, leisure, and art.

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Detailed Buiding Insights

1. Family Friendliness

While Park Tower A offers a luxurious living environment, the emphasis on high-end business amenities may not cater extensively to families, limiting activities suitable for children.

Moderately Welcoming

2. Living Options

The residential options in Park Tower A include a variety of modern apartments, catering to different preferences and lifestyles, which is appealing to a wide range of residents.

Diverse and Modern

3. Safety And Security

The building is equipped with advanced security systems and on-site personnel, contributing to a strong sense of safety for residents.

Highly Secure

4. Transportation

Park Tower A is well-located with easy access to major roads and public transportation, making commuting straightforward for residents.

Conveniently Accessible

5. Amenities And Facilities

The community offers top-notch facilities, including a gym, pool, and leisure areas, contributing to a high-quality living experience.

Richly Equipped

6. Cost Of Living

Living in Park Tower A tends to be costly, with premium prices reflecting the luxury offered, which may be a consideration for some potential residents.

Relatively High

7. Things To Do

The surrounding area of DIFC is rich in dining, shopping, and cultural experiences, providing plenty of options for residents looking to engage in local activities.

Vibrantly Diverse

8. Noise Levels

Despite being in a busy district, the design of Park Tower A provides a buffer from street noise, contributing to a calming living environment.

Generally Peaceful

9. Pet Friendliness

While pets are allowed, there may be restrictions on types and sizes, making it moderately accommodating for pet owners.

Moderately Accommodating

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Key Information

Developer: DAMAC Properties

Building Type: Mixed-use

Building Age: 13 years(Date of completion: 2011)

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

Floors: 49

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

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