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Reehan 1, Old Town

Reehan 1, Old Town

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Old Town, Dubai

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Strengths

Prime Location

Modern Amenities

Community Feel

Weakens

Parking Issues

Noise Levels

Higher Cost of Living

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Buildign Overview

Summary

  • Reehan 1 is situated in the vibrant Old Town district, offering residents proximity to an array of dining, shopping, and cultural landmarks.
  • This building is strategically positioned near major transportation links, facilitating easy access to other parts of the city, making it an ideal choice for urban dwellers.

Properties Overview

  • The property offers a mix of one, two, and three-bedroom apartments, catering to a diverse range of tenants and buyers.
  • Current rental prices range from AED 80,000 to AED 160,000 per year, while sales prices vary, with some units listed at AED 1.5 million to AED 3 million.

Market Trends

  • The rental market in Old Town has seen steady demand, with average rental prices slightly increasing over the past year by approximately 5-7%.
  • For buyers, properties in Reehan 1 typically yield a return on investment (ROI) of around 8-10%, which is favorable compared to other buildings in the area.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Nearby essential services include numerous supermarkets, renowned schools, and several healthcare facilities such as clinics and hospitals, ensuring all necessities are within reach.

Transportation and Accessibility

  • Public transport options are abundant, with several bus routes and a nearby metro station. Additionally, ample parking spaces are available for residents with vehicles.

Lifestyle Amenities

  • Residents can enjoy a variety of lifestyle amenities such as fitness centers, rooftop pools, fine dining restaurants, and a vibrant nightlife, alongside parks for outdoor activities.

Builing Facilities

  • Reehan 1 boasts modern facilities including high-speed elevators, 24/7 security services, centralized air conditioning, and comprehensive maintenance support.

Special Services

  • Unique amenities include concierge services, available guest accommodations, a well-equipped business center, and recreational areas for residents.

Planning Your Move or Investment

Floor Plans and Property Types

  • Various floor plans are available, tailored to accommodate solo professionals, small families, and larger households, enhancing the building's appeal.

Things to Consider

  • Prospective tenants and buyers should consider factors such as budget, property size, location amenities, and the building's community culture before making a decision.

Useful FAQs and Support

Events and Building Life

Building Events

  • Reehan 1 hosts regular social events and community gatherings, encouraging interactions among residents and fostering a sense of community.

Community Identity

  • The building's identity is defined by its blend of modern design and traditional architecture, which reflects the cultural heritage of the Old Town area.

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Detailed Buiding Insights

1. Family Friendliness

Reehan 1 is known for its family-oriented environment with numerous parks, playgrounds, and community events that cater to families, making it an ideal place for children to grow up.

Exceptionally Welcoming

2. Living Options

The community offers a wide variety of living options including luxury apartments, townhouses, and villas, catering to different preferences and budgets.

Diverse Selection

3. Safety And Security

With well-maintained security systems, regular patrols, and a low crime rate, residents feel safe and secure in their neighborhood.

Remarkably Secure

4. Transportation

Reehan 1 has excellent public transport connections and is within close proximity to major roads, which enhances mobility for residents.

Conveniently Accessible

5. Amenities And Facilities

The community features a wide array of amenities including fitness centers, swimming pools, retail shops, and restaurants, providing residents with convenient access to necessities.

Richly Equipped

6. Cost Of Living

While the cost of living is slightly higher than the average due to the upscale nature of the area, it remains competitive for the quality of life and facilities available.

Moderately Affordable

7. Things To Do

Residents can enjoy numerous recreational activities, cultural events, and a vibrant nightlife, making it a lively place for socializing and entertainment.

Vibrantly Diverse

8. Noise Levels

While there are some lively areas, most parts of Reehan 1 maintain a calm atmosphere, particularly in residential sections, creating a pleasant living experience.

Generally Peaceful

9. Pet Friendliness

The community offers pet-friendly policies, parks, and services, making it easy for pet owners to feel comfortable and welcome.

Welcoming to Pets

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Key Information

Developer: Emaar Properties

Building Type: Residential

Unit Types : 1, 2 and 3-bedroom apartments

Floors: 10

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

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