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Sobha Ivory 1, Business Bay

Sobha Ivory 1, Business Bay

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Business Bay, Dubai

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Strengths

Modern Architectural Design

Prime Location

High-Quality Finishes

Weakens

High Maintenance Costs

Traffic Congestion

Limited Parking Spaces

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Buildign Overview

Summary

  • Sobha Ivory 1 is a premium residential tower located in the vibrant Business Bay district of Dubai.
  • This iconic building is strategically situated near major landmarks including the Burj Khalifa and the Dubai Mall.
  • Business Bay provides a bustling environment with easy access to dining, entertainment, and retail options.
  • The tower features modern architecture and luxurious finishes, making it a desirable location for both residents and investors.

Properties Overview

  • Sobha Ivory 1 offers a diverse range of residential units, including spacious apartments and penthouses.
  • Popular property types include 1, 2, and 3-bedroom apartments, catering to families and young professionals.
  • Rental prices in Sobha Ivory 1 range from AED 70,000 to AED 150,000 annually, while sales prices fluctuate from AED 1.2 million to AED 3 million based on unit size and features.

Market Trends

  • The real estate market in Business Bay has shown a steady upward trend with an average annual ROI of 6% for residential properties.
  • In the past year, there has been a noticeable increase in demand for rental properties, driven by the influx of expatriates and professionals.
  • Predictions suggest continued growth in property values, influenced by ongoing development projects and infrastructural improvements in the area.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents benefit from proximity to essential services, including numerous supermarkets, schools such as GEMS Modern Academy, and healthcare facilities like Mediclinic City Hospital.
  • The area is well-equipped with clinics and recreational services to cater to families and individuals.

Transportation and Accessibility

  • Business Bay is well-connected by road, with easy access to Sheikh Zayed Road and Al Khail Road.
  • Public transportation includes the nearby Business Bay Metro Station and multiple bus services, facilitating commuting to key areas in Dubai.

Lifestyle Amenities

  • The surrounding area features a variety of lifestyle options, including trendy cafes, gourmet restaurants, and fitness centers.
  • Outdoor enthusiasts can enjoy beautiful waterfront views along the Dubai Water Canal which offers jogging paths and green spaces.

Builing Facilities

  • Residents have access to state-of-the-art facilities including high-speed elevators, 24/7 security services, and central air conditioning.
  • On-site maintenance services ensure the building remains in pristine condition for residents.

Special Services

  • Sobha Ivory 1 provides an array of special services such as concierge assistance, guest management services, and a business center for professionals.

Planning Your Move or Investment

Floor Plans and Property Types

  • Various floor plans are available, accommodating different needs and preferences, with layouts designed for both comfort and functionality.

Things to Consider

  • Prospective tenants and buyers should consider factors such as proximity to workplaces, school districts, and amenities available within the area.

Useful FAQs and Support

Events and Building Life

Building Events

  • Residents frequently enjoy community events and social gatherings, fostering a strong sense of community within Sobha Ivory 1.

Community Identity

  • Sobha Ivory 1 is recognized for its distinctive architectural style and commitment to providing a luxurious living experience, making it a defining landmark in Business Bay.

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Detailed Buiding Insights

1. Family Friendliness

The community features amenities suited for families, such as parks and play areas, although some noise from the city can be distracting.

Moderately Welcoming

2. Living Options

Offers a range of living options including studios, one-bedroom, and two-bedroom apartments, catering to various family sizes and preferences.

Broadly Diverse

3. Safety And Security

The community boasts advanced security systems including CCTV surveillance, security personnel, and controlled access, ensuring safety for residents.

Highly Secure

4. Transportation

Ideal for commuters, the community is located near major highways and public transport options, including metro stations.

Highly Convenient

5. Amenities And Facilities

Features a variety of facilities such as a swimming pool, gym, and recreational areas, ensuring a comfortable lifestyle for residents.

Richly Equipped

6. Cost Of Living

While prices are on the higher side compared to surrounding areas, they are justified by the quality and variety of amenities available.

Relatively Moderate

7. Things To Do

Close proximity to restaurants, shopping centers, and cultural attractions enhances the vibrancy of the community.

Vibrantly Diverse

8. Noise Levels

Despite being in a bustling area like Business Bay, certain parts of the community are quieter, though some noise from nearby roads is noticeable.

Moderately Peaceful

9. Pet Friendliness

The community offers pet-friendly policies and facilities, making it a great option for pet owners.

Warmly Accommodating

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Key Information

Developer: Sobha Real Estate LLC

Building Type: commercial 

Building Age: 11 years(completed in 2013)

Unit Types : Offices and retail shops

Floors: 3 basements+ground+2 podiums+12 floors

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

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