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The Residence 4, Downtown Dubai

The Residence 4, Downtown Dubai

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Downtown Dubai, Dubai

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Strengths

Prime Location

Luxurious Amenities

Modern Design

Weakens

High Maintenance Fees

Noise Levels

Limited Parking Space

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Buildign Overview

Summary

  • The Residence 4 is a premier residential tower located in the heart of Downtown Dubai, close to iconic landmarks.
  • Within walking distance to the Burj Khalifa and the Dubai Mall, offering a vibrant urban lifestyle.
  • The building features modern architecture and is surrounded by lush green spaces and leisure facilities.

Properties Overview

  • Offers a range of residential units including 1, 2, and 3-bedroom apartments.
  • In the rental market, 1-bedroom units typically range from AED 90,000 to AED 130,000 annually.
  • For buyers, sale prices for apartments can vary, averaging AED 1.5 million to AED 3 million, depending on the unit size and floor.

Market Trends

  • The rental market has seen a steady increase in demand, reflecting a 10% rise in rental prices over the past year.
  • Sales trends indicate a growing interest, with recent transactions showing a 5% year-over-year increase in property value.
  • Expected future trends suggest continued growth in Downtown Dubai’s real estate market due to infrastructural developments and tourism.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Close proximity to schools such as Dubai International Academy and a variety of healthcare facilities including Emirates Hospital.

Transportation and Accessibility

  • Well-connected via the Dubai Metro and several bus routes.
  • Convenient parking facilities available for residents and guests, ensuring easy accessibility to the tower.

Lifestyle Amenities

  • Residents can enjoy amenities including a state-of-the-art gym, swimming pool, children’s play area, and landscaped gardens.
  • Variety of dining options and retail outlets within the vicinity, catering to diverse culinary tastes.

Builing Facilities

  • Features include high-speed elevators, 24/7 security, a well-equipped maintenance team, and central air conditioning for comfort.

Special Services

  • Offering concierge services, guest relations, and business center facilities to meet both residents' and visitors' needs.

Planning Your Move or Investment

Floor Plans and Property Types

  • Diverse floor plans available allow for customization to suit individual lifestyles, from compact one-bedroom units to spacious three-bedroom layouts.

Things to Consider

  • Prospective tenants and buyers should consider proximity to schools, work, and leisure activities when making a choice.

Useful FAQs and Support

Events and Building Life

Building Events

  • Regular community events foster a strong sense of belonging among residents, including seasonal celebrations and fitness programs.

Community Identity

  • The Residence 4 is distinguished by its modern aesthetic, focus on community living, and proximity to Dubai's vibrant lifestyle offerings.

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Detailed Buiding Insights

1. Family Friendliness

The Residence 4 offers a family-friendly environment with spacious apartments, children's play areas, and access to nearby schools and parks, making it ideal for families.

Exceptionally Welcoming

2. Living Options

The community features a variety of living options ranging from one to three-bedroom apartments, catering to different family sizes and lifestyle preferences.

Broadly Diverse

3. Safety And Security

The Residence 4 is equipped with state-of-the-art security systems, including 24/7 surveillance and controlled access, ensuring a safe living environment.

Highly Secure

4. Transportation

With proximity to major roadways and public transport options, residents enjoy easy access to various parts of Dubai, facilitating commuting.

Conveniently Accessible

5. Amenities And Facilities

The community offers a range of amenities including a swimming pool, fitness center, and communal gardens, enhancing the living experience.

Richly Equipped

6. Cost Of Living

While the cost of living in The Residence 4 is on the higher side compared to other areas, the value provided by the amenities and location makes it reasonable.

Relatively Balanced

7. Things To Do

The community is surrounded by numerous dining options, shopping malls, and recreational activities, offering residents a vibrant lifestyle filled with entertainment.

Vibrantly Diverse

8. Noise Levels

While urban sounds are present, the residence is relatively quiet due to its design and layout, providing a peaceful retreat from city noise.

Generally Peaceful

9. Pet Friendliness

The Residence 4 is pet-friendly, with policies in place to accommodate pets, along with nearby parks and spaces for pet activities.

Warmly Accommodating

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Key Information

Developer: Emaar Properties

Building Type: Residential

Building Age: 17 years(Date of completion: 2007)

Unit Types :  1, 2 and 3-bedroom apartments

Floors: 29

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

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