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South Ridge 3, Downtown Dubai

South Ridge 3, Downtown Dubai

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Downtown Dubai, Dubai

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Strengths

Prime Location

Modern Amenities

Community Feel

Weakens

High Maintenance Fees

Traffic Congestion

Limited Parking Space

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Buildign Overview

Summary

  • South Ridge 3 is part of the vibrant Downtown Dubai community, known for its stunning skyscrapers and proximity to the iconic Burj Khalifa.
  • Located near a range of amenities including shopping, dining, and leisure options, the building offers residents a luxurious urban lifestyle.
  • The area is well-connected with efficient public transportation, including the Dubai Metro and bus services, enhancing accessibility to the wider city.

Properties Overview

  • The building features a mix of one, two, and three-bedroom apartments, ideal for both renters and buyers.
  • Rental prices typically range from AED 80,000 to AED 250,000 per annum, while sale prices vary between AED 1.3 million and AED 3 million, depending on unit size and location.

Market Trends

  • In the past year, rental rates in South Ridge 3 have seen an increase of approximately 5%, reflecting the growing demand in the Downtown area.
  • Sales prices have remained stable, with an average return on investment (ROI) of around 6%, making it an attractive option for investors.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents enjoy easy access to various essential services, including supermarkets such as Carrefour, international schools, and healthcare facilities like Mediclinic.

Transportation and Accessibility

  • South Ridge 3 is conveniently located near major roadways and public transportation hubs, allowing for swift access to the business district and neighboring areas.
  • Ample parking spaces are available for residents and guests.

Lifestyle Amenities

  • The building boasts premium lifestyle amenities such as indoor gyms, swimming pools, landscaped gardens, and nearby restaurants and cafes.
  • Residents can also enjoy leisure activities at the nearby Dubai Fountain and Dubai Mall.

Builing Facilities

  • Key facilities in South Ridge 3 include high-speed elevators, 24-hour security services, and central air conditioning.
  • Routine maintenance and management services ensure a comfortable living environment.

Special Services

  • The building offers exclusive services like concierge assistance, business centers, and facilities for hosting events, catering to both residents and visitors.

Planning Your Move or Investment

Floor Plans and Property Types

  • A diverse range of floor plans is available, accommodating various lifestyles and preferences, from cozy one-bedrooms to spacious three-bedroom units.

Things to Consider

  • Key considerations for potential tenants and buyers include evaluating proximity to essential services, assessing property management quality, and exploring neighborhood dynamics.

Useful FAQs and Support

Events and Building Life

Building Events

  • Regular community events, including holiday celebrations and social gatherings, foster a vibrant sense of community among residents of South Ridge 3.

Community Identity

  • The building's modern architecture and premier location contribute to its reputation as a desirable address, with a unique blend of luxury and convenience.

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Detailed Buiding Insights

1. Family Friendliness

South Ridge 3 offers a family-oriented environment with many parks and recreational areas nearby, making it ideal for children. The community features spacious apartments and a close-knit neighborhood feel, fostering a safe and inviting atmosphere for families.

Exceptionally Welcoming

2. Living Options

The community offers a variety of living options, ranging from one to three-bedroom apartments, catering to different family sizes and preferences. The architecture is modern and aesthetically pleasing, appealing to a broad demographic.

Broadly Diverse

3. Safety And Security

South Ridge 3 boasts 24/7 security services and CCTV surveillance. The community is well-gated, providing residents with peace of mind and a very low crime rate, which is a significant draw for families and individuals alike.

Remarkably Secure

4. Transportation

The location has decent access to public transportation, with nearby metro stations and bus services. While it may not be the most connected area, residents can still reach major city points with relative ease.

Moderately Convenient

5. Amenities And Facilities

Residents enjoy a wealth of amenities including a swimming pool, fitness center, and children's play areas. The community also offers shops and cafes within close proximity, enhancing the overall living experience.

Richly Equipped

6. Cost Of Living

While the cost of living in Downtown Dubai can be on the higher side, South Ridge 3 provides value through its quality of life and amenities. Compared to neighboring towers, it offers relatively competitive rental prices.

Relatively Balanced

7. Things To Do

The vicinity offers a plethora of activities including shopping at the Dubai Mall, dining in various restaurants, and leisure activities in the surrounding parks. Its proximity to cultural attractions makes it a vibrant hub for social events.

Vibrantly Diverse

8. Noise Levels

Despite being in a bustling downtown area, South Ridge 3 is designed to minimize noise, providing a tranquil living environment. The well-planned architecture and landscaping contribute to a generally peaceful atmosphere.

Generally Peaceful

9. Pet Friendliness

The community is pet-friendly, featuring ample green space for walks and a welcoming stance towards pets. Many residents have pets and the association promotes pet-friendly activities and amenities.

Warmly Accommodating

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Key Information

Developer: EMAAR Properties

Building Type: Residential

Building Age: 16 years (completed in 2008)

Unit Types : 1 and 2-bedroom apartments

Floors:  27 floors

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

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