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Reehan 5, Old Town

Reehan 5, Old Town

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Old Town, Dubai

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Strengths

Prime Location

Modern Amenities

Architectural Appeal

Weakens

High Maintenance Fees

Limited Parking Space

Noise Levels

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Buildign Overview

Summary

  • Located in the vibrant Old Town area, Reehan 5 boasts an exceptional location close to key attractions and essential services.
  • The building is surrounded by lush green spaces, cultural hotspots, and a variety of shopping and dining options.
  • Well-connected by public transportation, residents enjoy easy access to major thoroughfares and public transit hubs.
  • Reehan 5 stands out among other residences in the Old Town for its unique architectural style and community-focused amenities.

Properties Overview

  • Offers a diverse selection of residential units, including both rental and purchase options to cater to various lifestyles.
  • Notable units feature modern interiors, scenic views, and come equipped with state-of-the-art appliances.
  • Market prices for rental units vary, typically ranging from AED 80,000 to AED 120,000 annually, while sales prices can start at AED 1.5 million upwards.

Market Trends

  • The local real estate market has shown positive growth, with rental prices increasing by approximately 5% over the past year.
  • On average, buyers can expect a return on investment (ROI) of around 6-7% for properties in this area.
  • Anticipated market trends for the upcoming year indicate sustained demand, particularly in the rental sector, due to the popularity of living in Old Town.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents benefit from nearby supermarkets, educational institutions for all ages, and comprehensive healthcare facilities, including hospitals and clinics.
  • Local amenities ensure convenience, with several grocery stores, pharmacies, and parks just a short walk away.

Transportation and Accessibility

  • Public transportation options abound, including bus routes and metro stations, enhancing accessibility to the wider city.
  • Ample parking is available for residents and guests, making commuting hassle-free.

Lifestyle Amenities

  • The building features a variety of lifestyle amenities such as a state-of-the-art gym, swimming pool, and areas for outdoor relaxation.
  • Numerous popular cafes, restaurants, and boutique shops are located just steps from the building, offering a vibrant lifestyle.

Builing Facilities

  • Reehan 5 is equipped with modern conveniences, including high-speed elevators, round-the-clock security, and centralized air conditioning.
  • Maintenance services are readily available to ensure a comfortable living experience.

Special Services

  • Residents can enjoy exclusive services, including concierge assistance, guest reception areas, and business center access for working professionals.
  • Unique amenities add value and provide a sense of community, fostering social interactions among residents.

Planning Your Move or Investment

Floor Plans and Property Types

  • The building has various floor plans, including spacious one, two, and three-bedroom apartments, catering to individuals and families alike.
  • Units are designed with modern layouts, maximizing space and functionality for residents.

Things to Consider

  • Potential residents and buyers should evaluate their lifestyle needs, budget, and desired amenities when considering their options in Reehan 5.
  • It's important to assess the overall community vibe and proximity to work or schools.

Useful FAQs and Support

Events and Building Life

Building Events

  • Reehan 5 proactively fosters community through regular events, social gatherings, and recreational activities that engage residents.
  • These events not only enhance community bonds but also provide platforms for residents to interact and enjoy their surroundings.

Community Identity

  • What distinguishes Reehan 5 is its commitment to creating a vibrant, inclusive community characterized by a mix of cultures and lifestyles.
  • The building's design and community-centric approach contribute to its unique identity in Old Town.

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Detailed Buiding Insights

1. Family Friendliness

Reehan 5 offers a range of family-oriented activities and facilities, including parks and recreational areas, making it a preferred choice for families.

Exceptionally Welcoming

2. Living Options

The community features a mix of apartment types, including spacious family units and smaller studios, catering to different living preferences.

Broadly Diverse

3. Safety And Security

The area is known for its low crime rate and the presence of 24/7 security patrols, enhancing the overall sense of safety for residents.

Remarkably Secure

4. Transportation

Reehan 5 is well-connected with public transportation options, including nearby metro stations and bus routes, making commuting easy.

Highly Convenient

5. Amenities And Facilities

The community boasts a variety of amenities including shopping centers, gyms, swimming pools, and play areas, providing residents with extensive facilities.

Richly Equipped

6. Cost Of Living

While the cost of living is moderate compared to surrounding areas, the price range accommodates various income levels, providing reasonable options.

Relatively Balanced

7. Things To Do

The neighborhood offers a wide range of activities including cultural events, dining options, and entertainment venues, ensuring there is always something to do.

Vibrantly Diverse

8. Noise Levels

Though there can be occasional noise from nearby activities, the overall ambiance remains calm and tranquil, especially in residential zones.

Generally Peaceful

9. Pet Friendliness

Reehan 5 is known for its pet-friendly policies, with many parks and pet care facilities available, making it a welcoming environment for pet owners.

Warmly Accommodating

Schools

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Key Information

Developer: EMAAR Properties

Building Type: Residential

Building Age: 18 years(Date of completion: 2006)

Unit Types : 1-bedroom apartments

Floors: 5

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

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