The Residence Tower 5, Downtown Dubai

Downtown Dubai, Dubai

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Strengths

Prime Location

Luxurious Amenities

Panoramic Views

Weakens

High Maintenance Costs

Limited Parking Space

Noise Levels

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Strengths

Prime Location

Located in the heart of Downtown Dubai, offering easy access to attractions like the Burj Khalifa and Dubai Mall.

Luxurious Amenities

Features high-end facilities including a swimming pool, gym, and spa, catering to an upscale lifestyle.

Panoramic Views

Offers stunning views of the city skyline and surrounding landmarks, enhancing the living experience.

Weaknesses

High Maintenance Costs

The cost of upkeep and management fees can be on the higher side compared to other residential options.

Limited Parking Space

Parking availability may be challenging, particularly during peak hours or events in the area.

Noise Levels

Being in a busy district, residents may experience higher noise levels, especially during weekends.

Considerations

Future Developments

Potential construction in the vicinity could affect views and noise levels in the near future.

Rental Demand

Given the location, rental demand may be high, impacting both investment potential and occupancy rates.

Community Atmosphere

The building's environment may be more suitable for those seeking urban living rather than a quiet residential area.

Buildign Overview

Summary

The Residence Tower 5 is a prestigious high-rise situated in the heart of Downtown Dubai, surrounded by iconic landmarks such as Burj Khalifa, The Dubai Mall, and Dubai Fountain.
This building boasts luxurious architectural design and provides a vibrant urban lifestyle, making it a preferred choice among residents and investors alike.
It is well-connected to public transportation, including the Dubai Metro and various bus routes, ensuring ease of travel throughout the city.

Properties Overview

Property options include a variety of 1, 2, and 3-bedroom apartments, featuring contemporary designs and high-end finishes.
Rental prices for apartments typically range from AED 90,000 to AED 200,000 per year, while sales prices can vary from AED 1.5 million to AED 4 million, depending on size and layout.

Market Trends

The real estate market in Downtown Dubai has seen moderate growth, with an average annual rental yield of around 7% for The Residence Tower 5.
Over the past year, rental prices have stabilized, while sales prices have slightly increased, indicative of a recovering market with positive forecasts for the future.

Living and Investing in the Building

Amenities, Schools, and Healthcare

Nearby essential services include renowned supermarkets, international schools such as the Dubai International Academy, and top-rated healthcare facilities like Mediclinic City Hospital.

Transportation and Accessibility

The location provides seamless access to major road networks, ample parking spaces for residents, and nearby metro stations, enhancing convenience for everyday commuting.

Lifestyle Amenities

Residents can enjoy impressive amenities including a fully-equipped gym, an outdoor swimming pool, fine dining restaurants, and lush communal gardens, contributing to a luxurious lifestyle.

Builing Facilities

Key features include high-speed elevators, round-the-clock security, centralized air conditioning, and efficient maintenance services to ensure comfort and safety.

Special Services

Unique offerings encompass concierge services, guest management facilities, and dedicated business centers, catering to both personal and professional needs of residents.

Planning Your Move or Investment

Floor Plans and Property Types

The Residence Tower 5 offers various meticulously designed floor plans, with options accommodating families, couples, and single professionals, each maximizing space and comfort.

Things to Consider

Prospective tenants and buyers should evaluate factors such as proximity to work, accessibility to amenities, building reputation, and ongoing maintenance before making a decision.

Useful FAQs and Support

Events and Building Life

Building Events

The Residence Tower 5 hosts regular community events and social gatherings, fostering a friendly atmosphere among residents and encouraging networking and collaboration.

Community Identity

This modern living space is not just a residence but a vibrant community that embraces cultural diversity, offering recreational activities and a rich lifestyle, making it an attractive destination in Dubai.

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Detailed Buiding Insights

1. Family Friendliness

The community offers family-friendly amenities such as parks and playgrounds, making it suitable for families with children.

Moderately Welcoming

2. Living Options

A variety of apartment sizes and layouts caters to different family sizes and lifestyles, providing ample living options.

Diverse Choices

3. Safety And Security

The Residence Tower 5 has state-of-the-art security measures including 24/7 surveillance and access control, ensuring residents feel safe.

Highly Secure

4. Transportation

Located near major roads and public transport options, commuting is efficient, with easy access to the Dubai Metro and bus services.

Conveniently Accessible

5. Amenities And Facilities

The community features high-end amenities such as a swimming pool, gym, and communal spaces that enhance residents' lifestyles.

Luxuriously Equipped

6. Cost Of Living

While slightly higher than average for the area, the value is justified by the quality of life and amenities provided.

Moderate Affordability

7. Things To Do

The area boasts a range of activities and attractions nearby, including shopping malls, restaurants, and cultural sites that cater to diverse interests.

Vibrantly Engaging

8. Noise Levels

Most areas of the community are quiet, with minimal disturbance from traffic, although some noise may be experienced during peak hours.

Generally Peaceful

9. Pet Friendliness

Several apartments allow pets, and the community includes green spaces where residents can walk their dogs.

Pet-Friendly

Schools

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Key Information

Developer: Emaar

Building Type: Residential

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

Unit Types : 1, 2 and 3-bedroom apartments

Floors: 34

Community Insights

Mostly apartments | Luxury | Well connected

Lowest: 135K - 260K AED/year

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