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The Derby Residences, Meydan City

The Derby Residences, Meydan City

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Meydan City, Dubai

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Strengths

Prime Location

Modern Amenities

Spacious Units

Weakens

High Maintenance Fees

Limited Public Transport Options

Construction Noise Nearby

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Buildign Overview

Summary

  • The Derby Residences, located in the vibrant Meydan City, is renowned for its upscale living and modern architecture.
  • Residents benefit from proximity to key facilities like shopping centers, parks, and recreational amenities.
  • Public transportation options are readily available, enhancing commuter convenience.
  • Meydan City is notable for its prestigious horse racing events and is in close proximity to downtown Dubai, making it an appealing choice for both families and professionals.

Properties Overview

  • The building features a variety of residential units, including 1, 2, and 3-bedroom apartments, designed to cater to diverse preferences.
  • Current rental prices range from AED 70,000 to AED 150,000 depending on the unit size and view.
  • For buyers, the sale prices typically fall between AED 950,000 and AED 2,200,000, with units experiencing significant demand due to the area's appeal.

Market Trends

  • In the past year, the rental market has shown a steady increase in demand, with an average annual ROI of 6-8%.
  • Sales trends indicate a growing investor interest, particularly in family-sized units, amid the overall recovery of Dubai's real estate market.
  • Forecasts suggest continued growth in property values and rental prices, driven by ongoing developments in Meydan and surrounding areas.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents can access various amenities including supermarkets, educational institutions, and healthcare facilities.
  • Notable schools in the vicinity include the Meydan Academy and the International School of Arts and Sciences.
  • Healthcare is supported by nearby clinics and hospitals, ensuring comprehensive medical services.

Transportation and Accessibility

  • The area is well-connected with major highways and offers convenient access to public transport options, including metro stations and bus routes.
  • Ample parking space is available for residents and visitors, enhancing overall accessibility.

Lifestyle Amenities

  • The Derby Residences offers a range of lifestyle amenities such as fitness centers, swimming pools, and landscaped gardens.
  • Residents can enjoy fine dining restaurants, chic cafes, and leisure activities like cycling and jogging along dedicated paths.

Builing Facilities

  • The building features modern elevators, 24/7 security, and centralized air conditioning, ensuring comfort and safety.
  • Maintenance services are readily available for all units, providing peace of mind for residents.

Special Services

  • Additional facilities include concierge services, meeting rooms for business needs, and guest services for visitors.
  • Unique to The Derby Residences is its community-centric approach, fostering a friendly neighborhood atmosphere.

Planning Your Move or Investment

Floor Plans and Property Types

  • A variety of floor plans are available, accommodating different needs for families and single professionals alike.
  • Each unit is designed with contemporary finishes and open-concept spaces that emphasize comfort and functionality.

Things to Consider

  • Prospective tenants and buyers should consider proximity to workplace, available amenities, and future development plans in the area.
  • Budgeting for additional costs such as utility bills, maintenance fees, and community fees is also advised.

Useful FAQs and Support

Events and Building Life

Building Events

  • The Derby Residences hosts regular community events such as seasonal celebrations, fitness challenges, and social gatherings to promote neighborly interactions.
  • These events provide opportunities for residents to engage and build a sense of community.

Community Identity

  • The building is characterized by its distinct architectural style and vibrant community life, setting it apart in Meydan City.
  • A commitment to sustainability and modern living principles enhances its appeal, attracting a diverse group of residents.

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Detailed Buiding Insights

1. Family Friendliness

The Derby Residences offers a family-friendly environment with spacious living arrangements, recreational areas, and proximity to schools and parks, making it ideal for families with children.

Exceptionally Welcoming

2. Living Options

The community features a variety of housing options, including apartments and villas, catering to different family sizes and preferences, ensuring a rich diversity of living arrangements.

Broadly Diverse

3. Safety And Security

With 24/7 security surveillance and controlled access, residents feel safe and secure in their homes, contributing to a sense of community and well-being.

Remarkably Secure

4. Transportation

While the community is well-connected through public transport options and roads, reliance on personal vehicles can be noted, especially for commuting to central areas of Dubai.

Moderately Convenient

5. Amenities And Facilities

The amenities at The Derby Residences include swimming pools, gyms, and landscaped gardens, alongside community centers that enhance the living experience.

Richly Equipped

6. Cost Of Living

The cost of living is reasonable given the quality and variety of amenities available, making it a competitive choice amidst other luxury communities in Dubai.

Relatively Balanced

7. Things To Do

Residents have access to numerous leisure activities, including dining, shopping, and outdoor pursuits, catering to a range of interests for individuals and families alike.

Vibrantly Diverse

8. Noise Levels

The community's design and landscaping contribute to a serene atmosphere, with minimal noise disruption from surrounding areas, making it a pleasant place to live.

Generally Peaceful

9. Pet Friendliness

The Derby Residences offers pet-friendly policies alongside parks and spaces for pets to roam, appealing to animal lovers and families with pets.

Warmly Accommodating

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Key Information

Developer: RBA Real Estate Development and Meydan Group

Building Type: Residential

Length: 90

Unit Types :  1 and 2-bedroom apartments and penthouses

Floors: 5

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

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