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Reehan 2 Old Town Dubai

Reehan 2 Old Town Dubai

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Old Town, Dubai

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Strengths

Prime Location

Modern Architecture

Amenities

Weakens

High Rental Prices

Noise Levels

Limited Parking

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Buildign Overview

Summary

  • Reehan 2 is a premier residential building located in the vibrant Old Town area of Dubai, known for its Arabian-inspired architecture.
  • The building is in close proximity to bustling markets, cultural landmarks, and various dining options, making it a desirable living space.
  • Nearby attractions include the iconic Burj Khalifa and the Dubai Mall, enhancing its appeal for both residents and investors.
  • Reehan 2 boasts a strategic location with easy access to public transportation options, including the Dubai Metro system.

Properties Overview

  • The building offers a variety of residential units, primarily featuring one, two, and three-bedroom apartments, ideal for both families and professionals.
  • Rental prices range from approximately AED 80,000 to AED 150,000 per year, while purchase prices vary between AED 1.3 million and AED 2.5 million, depending on the unit's size and view.
  • Popular units in Reehan 2 are sought after due to their spacious layouts and modern amenities.

Market Trends

  • The rental market in Old Town has seen steady growth, with a year-on-year increase of around 5% in prices, driven by demand for luxury living in a central location.
  • Sales prices in the area have remained stable, with a modest appreciation projected as infrastructure and facilities continue to develop.
  • The return on investment (ROI) for buyers in the Old Town area is estimated at about 6-8%, making it an attractive option for real estate investments.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Reehan 2 is surrounded by essential amenities, including supermarkets like Carrefour, several well-regarded schools, and healthcare facilities.
  • Notable medical centers such as Mediclinic and Emirates Hospital are within a short drive, ensuring residents have access to quality health services.

Transportation and Accessibility

  • The building is well-served by public transportation, with the Dubai Metro station and bus lines close by, enhancing connectivity to the rest of the city.
  • Ample parking spaces are available for residents with vehicles, making daily commuting more convenient.

Lifestyle Amenities

  • Residents can enjoy access to various lifestyle amenities, including fitness centers, swimming pools, and easy access to parks and outdoor spaces.
  • Numerous restaurants, cafes, and retail outlets can be found nearby, catering to diverse culinary preferences and shopping needs.

Builing Facilities

  • Reehan 2 features essential building facilities such as high-speed elevators, 24-hour security, and centralized air conditioning.
  • Maintenance services are readily available, ensuring that residents experience a hassle-free living environment.

Special Services

  • The building offers concierge services, assisting residents with various requests and enhancing the overall living experience.
  • Business centers are available within the complex, providing professional spaces for meetings and work-related activities.

Planning Your Move or Investment

Floor Plans and Property Types

  • Reehan 2 presents a diverse range of floor plans tailored to meet different lifestyle needs, including layouts ideal for singles, couples, and families.
  • Each unit is designed for optimal space utilization and offers contemporary finishes.

Things to Consider

  • When considering a move or investment in Reehan 2, assess factors such as proximity to work and schools, as well as community facilities.
  • It's also advisable to review the current market conditions and rental yields for informed decision-making.

Useful FAQs and Support

Events and Building Life

Building Events

  • Reehan 2 fosters a strong community spirit through regular events, including seasonal gatherings and social mixers for residents.
  • These events provide opportunities for networking and building friendships among neighbors.

Community Identity

  • With its unique Arabian architectural style and landscaped surroundings, Reehan 2 stands out as a key landmark in Old Town Dubai.
  • The building's focus on community and lifestyle elevates the living experience and attracts diverse residents.

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Detailed Buiding Insights

1. Family Friendliness

Reehan 2 boasts numerous family-friendly amenities such as parks and playgrounds, alongside a vibrant community atmosphere that encourages family engagement and support.

Exceptionally Welcoming

2. Living Options

The community offers various living options including spacious apartments with different layouts and styles, catering to diverse tastes and family sizes.

Broadly Diverse

3. Safety And Security

With round-the-clock security and gated access, residents feel safe and secure in their homes and the neighborhood is known for its low crime rate.

Remarkably Secure

4. Transportation

Public transportation options are nearby, including metro stations and bus routes, however, reliance on private vehicles is common for easier navigation.

Moderately Convenient

5. Amenities And Facilities

The community features a range of amenities such as swimming pools, gyms, and community centers, providing residents with numerous recreational opportunities.

Richly Equipped

6. Cost Of Living

While prices can be higher compared to neighboring areas due to the luxury appeal, they remain reasonable given the quality of life and amenities provided.

Relatively Balanced

7. Things To Do

Residents have access to a rich selection of cultural, dining, and leisure activities in the Old Town district, ensuring entertainment for all ages.

Vibrantly Diverse

8. Noise Levels

The community is predominantly quiet, with streets lined with trees and cafes, although occasional events in the area can lead to temporary increases in sound levels.

Generally Peaceful

9. Pet Friendliness

Reehan 2 is pet-friendly, offering nearby parks and dedicated pet areas, encouraging a culture of pet ownership among residents.

Warmly Accommodating

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Key Information

Developer: Emaar

Building Type: Residential

Length: 38

Unit Types : Studio, 1-bed, 2-bed and 3-bed

Floors: 4

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

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