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Residence 1003, Bur Dubai

Residence 1003, Bur Dubai

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Bur Dubai, Dubai

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Strengths

Prime Location

Modern Amenities

Quality Construction

Weakens

Limited Parking

Noise Levels

Higher Maintenance Fees

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Buildign Overview

Summary

  • Residence 1003 is strategically situated in the heart of Bur Dubai, characterized by a vibrant mix of cultural heritage and modern amenities.
  • The building is conveniently located near significant public transportation links, including metro stations and bus services, ensuring easy access to other city locations.
  • Nearby landmarks include the iconic Dubai Creek, historical sites, shopping centers, and recreational parks, making it an attractive destination for residents and tourists alike.

Properties Overview

  • The property offers a diverse range of units, from stylish studios to spacious multi-bedroom apartments, suitable for both rental and sale.
  • Average rental prices are competitive for the area, with studios starting at approximately AED 45,000 annually, while larger units can go up to AED 120,000.
  • For buyers, the property's sale prices range from AED 600,000 for smaller units to AED 1.5 million for more luxurious options, appealing to both investors and homeowners.

Market Trends

  • In the past year, Bur Dubai has seen a steady increase in property values, attributed to high demand and limited supply, particularly for units in Residence 1003.
  • Rental yields in the area average around 7-8%, making it an attractive option for real estate investors looking for a solid return on investment.
  • Future projections suggest continued growth in both rental and sales markets, driven by ongoing urban development and an influx of expatriates.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents benefit from easy access to essential services including supermarkets, reputable schools, and healthcare facilities.
  • Notable hospitals and clinics in close proximity ensure prompt medical assistance, enhancing the appeal for families.

Transportation and Accessibility

  • The building is well served by public transit, with several bus stops and a metro station within walking distance.
  • Ample parking space is available for residents, providing convenience for those with vehicles.

Lifestyle Amenities

  • Residence 1003 features a range of lifestyle amenities such as fully-equipped gyms, community swimming pools, and nearby dining options including restaurants and cafés.
  • Outdoor spaces facilitate leisurely activities, including walking trails and parks ideal for relaxation and social gatherings.

Builing Facilities

  • The building is equipped with modern elevators, 24-hour security for residents' peace of mind, central air conditioning, and proficient maintenance services.

Special Services

  • Additional services include a concierge for easy management of errands and guest services, providing a luxurious living experience for residents.
  • Business centers within the building cater to the professional needs of residents, promoting an ideal work-life balance.

Planning Your Move or Investment

Floor Plans and Property Types

  • A variety of floor plans is available, catering to different preferences and needs, ranging from compact one-bedroom apartments to spacious family homes.

Things to Consider

  • Potential residents and investors should assess commute times, local amenities, and property management before making a decision.
  • Understanding the current market trends will also aid in making an informed investment choice.

Useful FAQs and Support

Events and Building Life

Building Events

  • Regular social gatherings and community events foster a sense of belonging among residents, encouraging interactions and friendships.
  • Events often include holiday celebrations, fitness classes, and cultural festivities that showcase the diversity of the community.

Community Identity

  • Residence 1003 is distinguished by its stylish architecture and commitment to fostering a welcoming and inclusive atmosphere.
  • The environment promotes both cultural appreciation and modern living, making it a unique place to reside in Bur Dubai.

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Detailed Buiding Insights

1. Family Friendliness

This residence has a strong family-oriented community with playgrounds, parks, and schools nearby, making it perfect for families with children.

Exceptionally Welcoming

2. Living Options

A variety of living spaces are available, from cozy apartments to larger family units, providing options that suit different family sizes and preferences.

Diverse and Spacious

3. Safety And Security

The area has low crime rates and features security personnel and surveillance systems ensuring peace of mind for residents.

Remarkably Secure

4. Transportation

The community is well-served by public transportation including buses and metro stations, making commuting easy for residents.

Conveniently Accessible

5. Amenities And Facilities

Residents have access to various amenities such as fitness centers, swimming pools, and community halls that enhance lifestyle and leisure.

Richly Equipped

6. Cost Of Living

While housing costs are moderate compared to other areas in Dubai, the diverse living options and amenities provide good value for money.

Relatively Balanced

7. Things To Do

There are numerous entertainment options nearby including shopping malls, restaurants, and cultural centers, offering plenty for residents to explore.

Vibrantly Diverse

8. Noise Levels

Despite urban surroundings, this community maintains a tranquil atmosphere away from the busy main roads.

Generally Peaceful

9. Pet Friendliness

The community is pet-friendly with several parks and walking paths available for pet owners, fostering a welcoming environment.

Warmly Accommodating

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Key Information

Developer: Atheer Asset Management

Building Type: Residential

Unit Types : 1, 2 and 3-bedroom apartments

Floors: 8

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

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