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Reehan, Old Town

Reehan, Old Town

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Old Town, Dubai

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Strengths

Central location

Architectural charm

Community atmosphere

Weakens

Limited parking

Noise levels

Higher cost of living

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Buildign Overview

Summary

  • Reehan, set in the vibrant Old Town, offers a unique blend of traditional and modern architecture.
  • The building is strategically located near iconic landmarks such as the Burj Khalifa and the Dubai Mall.
  • Residents enjoy easy access to public transportation, with the Burj Khalifa Metro Station just a short walk away.
  • The proximity to various retail outlets and dining options enhances the appeal of living here.

Properties Overview

  • Reehan features diverse property options, including cozy studios, spacious one, and two-bedroom apartments.
  • Current rental prices range from AED 60,000 to AED 110,000 annually, while sale prices vary between AED 1.1 million and AED 2.2 million depending on the unit type and size.
  • Popular units include the two-bedroom apartments with excellent views, often sought after by both investors and renters.

Market Trends

  • The real estate market in Old Town has seen a steady increase in rental prices, averaging a 10% rise over the last year.
  • The sales market, however, remains competitive with prices stabilizing, and an expected rise in demand due to upcoming developments.
  • Investors can anticipate a solid return on investment (ROI), primarily driven by consistent rental income and property value appreciation.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Nearby essential amenities include several supermarkets, schools, and top-tier healthcare facilities such as the Mediclinic and Emirates Hospital.
  • Families will appreciate the proximity to reputable educational institutions, making it a desirable area for those with children.

Transportation and Accessibility

  • The building offers excellent public transport connectivity, with reliable bus services and the Metro system nearby.
  • Residents benefit from ample parking spaces, accommodating both owners and guests.

Lifestyle Amenities

  • On-site lifestyle amenities include a state-of-the-art gym, swimming pool, and easy access to local cafes and restaurants.
  • The vibrant atmosphere fosters a sense of community among residents, offering various recreational activities.

Builing Facilities

  • Reehan is equipped with modern facilities, including high-speed elevators, advanced security systems, and efficient air conditioning for year-round comfort.
  • Professional maintenance services ensure that all communal areas and services are well-maintained.

Special Services

  • Additional services include concierge support to assist residents with their needs and services like parcel deliveries.
  • Business centers are available for professionals seeking a dedicated workspace.

Planning Your Move or Investment

Floor Plans and Property Types

  • A variety of floor plans accommodate different lifestyles, including open-layout studios, versatile one-bedroom units, and family-friendly two-bedroom apartments.
  • Each unit is designed to maximize space and comfort while providing stunning views of the surrounding area.

Things to Consider

  • When moving or investing, consider factors such as proximity to workplaces, amenities, and future area developments.
  • Evaluate features like community engagement, security, and maintenance before making any commitments.

Useful FAQs and Support

Events and Building Life

Building Events

  • Reehan hosts regular community events and social gatherings, fostering a strong sense of camaraderie among residents.
  • Occasional seasonal celebrations and outdoor movie nights enhance the living experience.

Community Identity

  • Reehan's unique charm lies in its blend of cultural heritage and modern living, making it a landmark in Old Town.
  • The community reflects a vibrant lifestyle with a mix of locals and expatriates, adding to its diversity.

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Detailed Buiding Insights

1. Family Friendliness

Reehan is known for its family-oriented environment with numerous parks, playgrounds, and community events that foster a sense of belonging. Residents frequently express appreciation for the family-centric activities and the welcoming atmosphere.

Exceptionally Welcoming

2. Living Options

The community offers a range of housing options from modern apartments to traditional townhouses, catering to different family sizes and budgets, ensuring that individuals can find a suitable living arrangement.

Broadly Diverse

3. Safety And Security

Residents feel safe in Reehan due to the low crime rates and the presence of active neighborhood watch programs. Police visibility and community engagement enhance the overall security perception.

Remarkably Secure

4. Transportation

Public transportation options are decent with bus routes connecting to major areas, though residents often rely on personal vehicles for longer commutes. Traffic can be a concern during peak hours.

Moderately Convenient

5. Amenities And Facilities

Reehan boasts a variety of amenities including grocery stores, restaurants, fitness centers, and medical facilities, all within a short distance. This makes daily errands convenient for residents.

Richly Equipped

6. Cost Of Living

Housing prices are reasonable compared to nearby communities, with a balanced range of options catering to various income levels, making it an attractive choice for both families and young professionals.

Relatively Balanced

7. Things To Do

Residents enjoy a wealth of recreational activities, from cultural festivals to art galleries and sports events. Local businesses and community initiatives provide ongoing engagement.

Vibrantly Diverse

8. Noise Levels

Reehan is characterized by quiet residential streets, with noise levels being low, particularly in the evenings. Occasional events and festivals can introduce temporary noise, but they are generally well-received.

Generally Peaceful

9. Pet Friendliness

The community is known for being pet-friendly, with many parks and designated pet areas. Local regulations support responsible pet ownership, and many residents are pet owners who engage in pet-related community activities.

Warmly Accommodating

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Key Information

Developer: Emaar Properties

Building Type: Residential

Building Age: 18 years (completed in 2006)

Unit Types : Studios, 1, 2 and 3-bedroom apartments

Floors: 3 to 9 levels above ground

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

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