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Ritz Residence, International City

Ritz Residence, International City

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International City, Dubai

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Strengths

Modern Architecture

Amenities

Location

Weakens

Traffic Congestion

Price Point

Noise Levels

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Buildign Overview

Summary

  • Ritz Residence is a premier residential building located in the vibrant International City, known for its multicultural environment.
  • The building is strategically situated near essential amenities such as supermarkets, shopping centers, and various dining options.
  • Excellent public transportation options are available, with convenient access to the Dubai Metro and bus stations.
  • Nearby landmarks include the Dragon Mart, which is recognized for its extensive retail offerings.

Properties Overview

  • Ritz Residence offers a mix of rental units and properties for sale, catering to diverse preferences and budgets.
  • Popular unit types include 1-bedroom and 2-bedroom apartments, ideal for both families and professionals.
  • Rental prices typically range from AED 40,000 to AED 75,000 annually, while sale prices start at around AED 700,000.
  • The building appeals to tenants seeking modern living spaces with attractive features.

Market Trends

  • The rental market in International City has shown a steady increase in demand, with average rental values experiencing a 5% growth over the past year.
  • Sales trends indicate a competitive market for properties under AED 1 million, attracting both investors and first-time homebuyers.
  • Investors can expect a favorable return on investment (ROI) averaging around 7% due to the building's strategic location.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents have access to various supermarkets, including Carrefour and Spinneys, ensuring convenient grocery shopping.
  • Several schools and nurseries are located within the vicinity, providing quality education options for families.
  • Healthcare facilities such as medical clinics and pharmacies are easily accessible, offering essential services to residents.

Transportation and Accessibility

  • Public transportation is readily available, with bus stops located within walking distance of the building.
  • The proximity to major highways simplifies commuting to neighboring areas and the city center.
  • Ample parking spaces are available for residents and their guests.

Lifestyle Amenities

  • Residents can enjoy an array of lifestyle amenities including fitness centers, parks, and scenic walking paths.
  • Numerous restaurants and cafes are within reach, catering to diverse culinary preferences.
  • Leisure options such as swimming pools and children’s play areas enhance the living experience.

Builing Facilities

  • The building features modern elevators, robust security systems, and reliable central air conditioning.
  • Well-maintained common areas contribute to a pleasant living environment.
  • Regular maintenance services ensure that residents' needs are promptly addressed.

Special Services

  • Concierge services are available to assist residents with daily tasks and special requests.
  • Business centers within the building provide ideal workspaces for remote professionals.
  • Guest services ensure that visitors receive a warm welcome and comfortable stay.

Planning Your Move or Investment

Floor Plans and Property Types

  • Ritz Residence offers a variety of floor plans, including spacious 1, 2, and 3-bedroom apartments designed to meet different lifestyle needs.
  • Each unit is thoughtfully designed with modern finishes and ample natural light, creating a welcoming ambiance.

Things to Consider

  • Consider your budget and lifestyle requirements when choosing between rental or purchase options.
  • Evaluate the available amenities and services that cater to your daily living.
  • Visit the building and units to experience the environment and assess suitability.

Useful FAQs and Support

Events and Building Life

Building Events

  • Ritz Residence hosts regular community events, fostering a sense of belonging and neighborly interaction.
  • Seasonal gatherings provide opportunities for residents to socialize and network.

Community Identity

  • The modern architecture and blend of cultures contribute to the unique identity of Ritz Residence.
  • Recreational spaces within the building promote a vibrant community lifestyle.

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Detailed Buiding Insights

1. Family Friendliness

Ritz Residence features family-oriented amenities such as playgrounds, spacious apartments, and proximity to schools, making it a very appealing environment for families.

Exceptionally Welcoming

2. Living Options

The community offers a variety of living options including studio apartments, one-bedroom, and family-sized units, catering to different needs and budgets.

Broadly Diverse

3. Safety And Security

With 24/7 surveillance and controlled access, the property maintains a high level of security, ensuring residents feel safe in their living environment.

Remarkably Secure

4. Transportation

While there are public transport options nearby, some residents may find the need for a personal vehicle for easier access to central areas.

Moderately Convenient

5. Amenities And Facilities

Residents can enjoy a range of amenities such as a fitness center, swimming pool, and leisure areas, all contributing to a comfortable lifestyle.

Richly Equipped

6. Cost Of Living

The cost of living in Ritz Residence is reasonable considering the amenities and location, offering good value for families and young professionals alike.

Relatively Balanced

7. Things To Do

A variety of recreational activities and cultural experiences are accessible, including parks, shopping options, and events within the International City.

Vibrantly Diverse

8. Noise Levels

The community is set away from heavy traffic areas, allowing for a quieter living experience, though occasional city sounds may be audible depending on the location of the unit.

Generally Peaceful

9. Pet Friendliness

Pets are welcomed here, with specific areas designated for pet owners, ensuring a comfortable environment for both pets and their owners.

Warmly Accommodating

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Key Information

Developer: Danube Properties

Building Type: Residential

Building Age: 6 years(Date of completion: 2018)

Unit Types : Studio, 1-bedroom, and 2-bedroom apartments

Floors: 9

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

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