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The Residence 7, Downtown Dubai

The Residence 7, Downtown Dubai

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Downtown Dubai, Dubai

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Strengths

Prime Location

Luxurious Amenities

High Security

Weakens

High Maintenance Fees

Limited Parking Space

Noise Levels

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Buildign Overview

Summary

  • The Residence 7 is a luxurious residential tower located in the heart of Downtown Dubai, offering stunning views of iconic landmarks such as the Burj Khalifa and the Dubai Fountain.
  • It is strategically positioned near the Dubai Mall and is surrounded by a plethora of restaurants, cafes, and retail shops.
  • Public transportation options include easy access to the Dubai Metro, ensuring seamless connectivity to various parts of the city.
  • This building compares favorably with nearby residences, boasting modern amenities and a prime location.

Properties Overview

  • The Residence 7 features an array of residential properties, including spacious 1, 2, and 3-bedroom apartments designed to meet diverse living needs.
  • Popular units usually range from approximately 900 to 2,000 square feet, with rental prices starting around AED 120,000 and sales prices ranging between AED 1.5 million to AED 4 million.
  • The combination of high-end finishes and expansive layouts makes these units a sought-after choice for both investors and renters.

Market Trends

  • In the past year, the demand for rental properties in Downtown Dubai has seen a steady incline, with typical returns on investment (ROI) fluctuating between 5% to 7%.
  • Sales trends indicate a healthy market with strong interest from both local and international buyers, particularly post-pandemic as more people seek luxurious living spaces.
  • Future expectations suggest continued growth in property values due to ongoing developments in the area and an increasing population.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents have access to essential amenities, with several supermarkets, esteemed schools, and high-quality healthcare facilities located within a short distance.
  • Nearby medical centers and hospitals ensure comprehensive healthcare options for families and individuals.

Transportation and Accessibility

  • The building is well-served by public transport, with metro stations and bus stops conveniently located nearby, facilitating easy commuting.
  • Ample parking spaces are available for residents with vehicles, enhancing overall accessibility to major road networks.

Lifestyle Amenities

  • On-site facilities include a state-of-the-art gym, swimming pool, and wellness center, contributing to a healthy lifestyle.
  • Numerous dining options, cafes, and luxury hotels within walking distance enhance the vibrant lifestyle on offer.

Builing Facilities

  • The Residence 7 is equipped with high-speed elevators, 24-hour security services, and central air conditioning, providing a comfortable environment.
  • Regular maintenance services ensure that the property remains in optimal condition for all residents.

Special Services

  • Additional amenities include concierge and guest services, which cater to residents' needs, along with dedicated business centers for professionals.

Planning Your Move or Investment

Floor Plans and Property Types

  • Diverse floor plans are available, accommodating various lifestyles—from single professionals seeking cozy apartments to families desiring larger spaces.
  • Units are thoughtfully designed, maximizing space and providing modern living solutions.

Things to Consider

  • Prospective tenants and buyers should assess factors like proximity to essential services, community amenities, and overall ambience before making a decision.
  • Consider financial aspects, including maintenance fees and neighborhood dynamics, to ensure a sound investment.

Useful FAQs and Support

Events and Building Life

Building Events

  • The Residence 7 hosts regular community events and gatherings, designed to promote a sense of belonging among residents.
  • These activities range from seasonal celebrations to workshops, encouraging social interaction.

Community Identity

  • This building embodies elegance and modern living, characterized by its unique architectural design and vibrant community culture.
  • It serves as a central hub where residents can enjoy both recreational activities and cultural experiences.

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Detailed Buiding Insights

1. Family Friendliness

The Residence 7 features spacious apartments with ample amenities for families, including nearby parks and children’s play areas, making it an attractive choice for families.

Exceptionally Welcoming

2. Living Options

The community offers a variety of living options, ranging from studio apartments to luxury multi-bedroom residences, accommodating various lifestyles and family sizes.

Broadly Diverse

3. Safety And Security

With 24-hour surveillance, security personnel, and controlled access, the community ensures a high level of safety for residents.

Remarkably Secure

4. Transportation

The location provides easy access to major roads and public transport options, including the Dubai Metro and buses, enhancing overall mobility.

Highly Convenient

5. Amenities And Facilities

Residents enjoy a wide range of amenities such as a swimming pool, fitness center, spa, and community gathering areas, promoting an active lifestyle.

Richly Equipped

6. Cost Of Living

While the community offers premium living, the cost of renting or purchasing a residence here is above the city average, reflecting the desirable location and conditions.

Relatively High

7. Things To Do

Downtown Dubai is known for its rich variety of activities, including dining, shopping, entertainment, and cultural events, ensuring that residents have plenty to enjoy.

Vibrantly Diverse

8. Noise Levels

Despite being in a bustling area, residences are designed with soundproofing to minimize noise, creating a peaceful living environment.

Generally Peaceful

9. Pet Friendliness

While pets are allowed in the community, there are specific regulations and restrictions that may limit pet owners, making it moderately accommodating.

Moderately Accommodating

Schools

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Information is compiled using advanced tools. Ensure critical details are independently confirmed.

Key Information

Developer: Emaar Properties

Building Type: Residential

Building Age: 17 years(2007)

Length: 1,056 residential units

Unit Types :  1, 2 and 3-bedroom

Floors: 40

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

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