The Residence Tower 3, Downtown Dubai

Downtown Dubai, Dubai

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Strengths

Prime Location

Luxurious Amenities

High-Quality Construction

Weakens

High Cost

Limited Parking

Noise Levels

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Strengths

Prime Location

Located in the heart of Downtown Dubai, close to key attractions.

Luxurious Amenities

Offers high-end facilities such as a gym, pool, and spa.

High-Quality Construction

Built with premium materials ensuring durability and safety.

Weaknesses

High Cost

Pricing is on the higher end compared to other buildings in the area.

Limited Parking

Parking spaces are often insufficient for residents and guests.

Noise Levels

Proximity to bustling streets can result in higher noise levels.

Considerations

HOA Fees

Homeowners association fees can be significant; consider this in budget planning.

Market Demand

The property may have a high demand but also fluctuates with market trends.

Future Developments

Future constructions nearby may affect views and living conditions.

Buildign Overview

Summary

The Residence Tower 3 is a prime residential development located in the heart of Downtown Dubai, known for its stunning architecture and proximity to iconic landmarks such as the Burj Khalifa and Dubai Mall.
The building offers convenient access to public transportation, including the Dubai Metro, making it an ideal location for both residents and investors.
Surrounded by a vibrant mix of shops, restaurants, and recreational facilities, The Residence Tower 3 compares favorably to other luxury towers in the area, providing a unique lifestyle in a dynamic urban environment.

Properties Overview

The Residence Tower 3 features a variety of residential units, from lavish one-bedroom apartments to expansive three-bedroom penthouses.
Current rental prices typically range from AED 90,000 for a one-bedroom to AED 250,000 for larger units, while sales prices begin at approximately AED 1.5 million.
These properties are highly sought after, often appealing to both expatriates and local professionals.

Market Trends

In the past year, rental prices in Downtown Dubai have seen a steady increase, with a growth rate of about 5%, driven by high demand for luxury living spaces.
Sales prices have remained stable with slight fluctuations, resulting in an average return on investment (ROI) in the area of around 7%, making it a lucrative option for buyers.
Looking ahead, experts predict continued interest in Downtown Dubai, especially with ongoing developments and upcoming events.

Living and Investing in the Building

Amenities, Schools, and Healthcare

Residents benefit from nearby facilities, including Carrefour and Spinneys supermarkets, international schools such as the Dubai International Academy, and various healthcare options, including Mediclinic and Emirates Hospital.

Transportation and Accessibility

The tower is well-connected through Dubai's public transport system, featuring easy access to the metro and bus services.
Ample parking spaces are available for residents, ensuring hassle-free vehicle access.

Lifestyle Amenities

The Residence Tower 3 offers an array of lifestyle amenities, including a fully-equipped gym, swimming pool, landscaped gardens, and access to dining options and cafes.
Residents can enjoy cultural events or outdoor activities within the vibrant Downtown Dubai community.

Builing Facilities

Features include high-speed elevators, 24/7 security and concierge services, centralized air conditioning, and regular maintenance to enhance the living experience.

Special Services

Additional services comprise a dedicated guest reception area, business center facilities, and comprehensive concierge support to cater to residents' needs.

Planning Your Move or Investment

Floor Plans and Property Types

The Residence Tower 3 offers diverse floor plans, ensuring that prospective renters and buyers can find units that meet their specific size and layout preferences.

Things to Consider

When considering a move or investment, potential residents should evaluate factors such as proximity to work, local amenities, and the long-term value of the property.

Useful FAQs and Support

Events and Building Life

Building Events

Residents are encouraged to participate in community events hosted throughout the year, including seasonal celebrations, wellness workshops, and networking gatherings.

Community Identity

What sets The Residence Tower 3 apart is its blend of modern luxury and traditional Emirati culture, with opportunities for residents to engage in both social and leisure activities that foster a sense of community.

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Detailed Buiding Insights

1. Family Friendliness

The community has ample parks and recreational areas, making it ideal for families. It also offers various activities and events catering to children, contributing to a family-friendly atmosphere.

Exceptionally Welcoming

2. Living Options

The Residence Tower 3 offers a variety of living options, including spacious one, two, and three-bedroom apartments that cater to individuals, couples, and families of different sizes.

Broadly Diverse

3. Safety And Security

The building features 24/7 security personnel, surveillance cameras, and controlled access, ensuring a high level of safety for residents.

Remarkably Secure

4. Transportation

With easy access to major roads and public transport options, residents can get around the city easily. The nearby metro station and bus stops enhance transportation convenience.

Highly Convenient

5. Amenities And Facilities

The Residence Tower 3 offers a wide range of amenities including a swimming pool, gym, playground, and community lounge, catering to various lifestyle needs.

Richly Equipped

6. Cost Of Living

While prices may be higher due to the prime location, the range of amenities and the quality of living offered provide good value for the cost associated with living here.

Relatively Balanced

7. Things To Do

Residents have access to a multitude of entertainment options including shops, cafes, fine dining, and cultural attractions within walking distance.

Vibrantly Diverse

8. Noise Levels

Despite being in a bustling area, the sound insulation and the strategic location of the building allow for a quieter living environment than expected.

Generally Peaceful

9. Pet Friendliness

The community is pet-friendly, offering amenities such as dog parks and pet-walking areas, as well as a welcoming attitude towards pets and their owners.

Warmly Accommodating

Schools

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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: 26

Community Insights

Mostly apartments | Luxury | Well connected

Lowest: 135K - 260K AED/year

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