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Reehan 6, Old Town

Reehan 6, Old Town

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Old Town, Dubai

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Strengths

Prime Location

Modern Design

Spacious Layouts

Weakens

High Rental Prices

Limited Parking

Noise Levels

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Buildign Overview

Summary

  • Reehan 6 is a well-positioned residential building located in the vibrant Old Town district of Dubai.
  • The building offers proximity to key attractions such as the Dubai Mall, Burj Khalifa, and the renowned Dubai Fountain.
  • Residents enjoy convenient access to various public transport options, including metro stations and bus stops, facilitating easy exploration of the city.
  • In comparison to nearby developments, Reehan 6 stands out due to its architectural charm and community-centric environment.

Properties Overview

  • The building offers a mix of both rental and sale options, catering to a diverse clientele.
  • Popular units include one, two, and three-bedroom apartments, ideal for both single professionals and families.
  • Rental prices typically range from AED 80,000 to AED 150,000 per year, while purchase prices are around AED 1.2 million to AED 2.5 million depending on the unit size and floor level.

Market Trends

  • The rental market has shown a steady increase, with an annual growth rate of approximately 5% over the last year.
  • Sales prices have also reflected a rising trend, presenting good opportunities for investment, with expected future appreciation due to ongoing urban development.
  • Investors can anticipate a potential return on investment (ROI) of around 7-8%, influenced by the high demand for residential spaces in Old Town.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents have access to several supermarkets, including Carrefour and Spinneys, providing convenience for daily shopping.
  • Schools such as the Dubai International Academy are within a short commute, catering to families with children.
  • Nearby healthcare facilities include Burjeel Hospital and Emirates Hospital Clinics, which ensure immediate medical assistance when needed.

Transportation and Accessibility

  • The building boasts excellent connectivity options including the Dubai Metro with the Burj Khalifa/Dubai Mall station just a short walk away.
  • Multiple bus routes serve the area, enhancing accessibility to other parts of the city.
  • For those with vehicles, ample parking spaces are available, making it easy for residents and guests.

Lifestyle Amenities

  • Lifestyle offerings nearby include luxurious dining options, trendy cafes, and boutique shops, fostering a lively atmosphere.
  • Fitness facilities and gyms are readily accessible, appealing to health-conscious residents.
  • Outdoor enthusiasts can enjoy nearby parks and walking trails, perfect for leisure activities.

Builing Facilities

  • The building is equipped with high-speed elevators, ensuring quick access to all floors.
  • 24/7 security services and surveillance systems provide residents with peace of mind.
  • Central air conditioning systems maintain a comfortable living environment throughout the year.
  • Regular maintenance services ensure that all building facilities are kept in top condition.

Special Services

  • Reehan 6 offers concierge services to assist with resident inquiries and bookings.
  • There are facilities for guests, including short-term apartment rentals, contributing to convenience for visitors.
  • Business centers equipped with meeting rooms and office facilities support working professionals.

Planning Your Move or Investment

Floor Plans and Property Types

  • A variety of thoughtfully designed floor plans are available, from cozy studios to expansive family suites.
  • Each unit is designed to maximize space and comfort, appealing to different lifestyle needs.

Things to Consider

  • Before making a decision, potential tenants and buyers should evaluate the proximity to their workplace, school, or preferred amenities.
  • Consider the costs of living in the area, including service charges and utilities.
  • Assessment of the current real estate market trends can also assist in making an informed choice.

Useful FAQs and Support

Events and Building Life

Building Events

  • Reehan 6 fosters a strong community spirit, hosting regular events such as social gatherings, holiday celebrations, and seasonal fairs.
  • These events help residents connect and foster a sense of belonging within the community.

Community Identity

  • The architectural design and vibrant atmosphere create a unique identity for Reehan 6, blending modern living with traditional values.
  • Local art displays and cultural activities enrich the living experience, making it an appealing choice for residents.

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Detailed Buiding Insights

1. Family Friendliness

Reehan 6 features several parks, playgrounds, and family-oriented events throughout the year, making it a great place for families with children. The community promotes a friendly atmosphere where neighbors often engage in activities together.

Exceptionally Welcoming

2. Living Options

The area offers a variety of living options, including spacious apartments and more traditional homes. This diversity allows residents to find a type of housing that best suits their lifestyle and budget.

Diverse and Comfortable

3. Safety And Security

Reehan 6 is known for having low crime rates and a visible presence of community patrols, contributing to a sense of safety and security for residents.

Very Secure

4. Transportation

The community is well-connected with public transportation options like buses and nearby metro stations, making commuting accessible and convenient for residents.

Convenient Access

5. Amenities And Facilities

Reehan 6 boasts a variety of amenities, including supermarkets, fitness centers, and dining options, all within walking distance, making daily life very convenient for residents.

Richly Equipped

6. Cost Of Living

While the cost of living in Reehan 6 can be higher than in some neighboring areas, this is balanced by the quality of life and amenities available, making it an attractive option for many.

Relatively Balanced

7. Things To Do

Residents enjoy a variety of activities, from cultural events to outdoor excursions, with plenty of shopping, dining, and entertainment options that cater to different tastes.

Vibrantly Diverse

8. Noise Levels

The noise levels in Reehan 6 are mostly low, particularly in residential areas. While the community does have some busier streets, they are well-managed to maintain peace.

Generally Peaceful

9. Pet Friendliness

The community is pet-friendly, with numerous parks and walking paths for pet owners to enjoy quality time with their animals. Many residential buildings also have pet policies that accommodate furry friends.

Warmly Accommodating

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Key Information

Developer: Emaar Properties

Building Type: Residential

Length: 48

Unit Types : 1, 2 and 3-bedroom apartments

Floors: 6

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

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