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The Residences, Downtown Dubai

The Residences, Downtown Dubai

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Downtown Dubai, Dubai

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Strengths

Prime Location

Luxurious Amenities

Excellent Security

Weakens

High Maintenance Fees

Limited Parking Space

Noise Levels

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Buildign Overview

Summary

  • Situated in the heart of Downtown Dubai, The Residences offers premier living with stunning views of the iconic Burj Khalifa.
  • This upscale development is within walking distance to the Dubai Mall, a hub for shopping, dining, and entertainment.
  • Accessibility is enhanced by major road networks, with easy access to metro stations and public transport options.

Properties Overview

  • The Residences features a mix of luxurious apartments ranging from one to four-bedroom units, designed for various lifestyles.
  • Average rental prices for a one-bedroom apartment start around AED 90,000 per year, while four-bedroom units can go upwards of AED 250,000.
  • Sales prices in the building typically range from AED 1.5 million for a one-bedroom to AED 5 million for larger units, with penthouses commanding premium prices.

Market Trends

  • The current real estate market in Downtown Dubai shows a 5% year-over-year increase in rental prices, with a steady demand for rental units.
  • Sales trends indicate a competitive market, with average ROI for property investors hovering around 7%, making it an attractive investment.
  • In the past year, an uptick in expatriate demand has further boosted property values, with expectations of continued growth in the upcoming year.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents have easy access to quality healthcare facilities, including the Dubai Health Authority and various clinics.
  • Prominent schools such as Dubai International School and GEMS Wellington Academy are located within a short drive, catering to families.

Transportation and Accessibility

  • The building is well-connected through the Dubai Metro and RTA bus services, making it convenient for commuting to various parts of the city.
  • Ample parking spaces are available for residents and visitors, providing ease of access.

Lifestyle Amenities

  • On-site amenities include a fully equipped gym, swimming pool, and spa, catering to a wellness-focused lifestyle.
  • Dining options within and nearby feature a range of cuisines, including gourmet restaurants and casual eateries.

Builing Facilities

  • State-of-the-art facilities include high-speed elevators, 24-hour security, and comprehensive maintenance services.
  • Central air conditioning ensures optimal comfort throughout the year, enhancing residents' living experience.

Special Services

  • Exclusive services such as concierge and guest services are offered to enhance resident satisfaction.
  • A business center is available for professional needs, accommodating remote work or meetings.

Planning Your Move or Investment

Floor Plans and Property Types

  • The Residences feature a variety of floor plans, including spacious open-concept designs suited for modern living.
  • Options range from cozy one-bedroom layouts to expansive four-bedroom configurations, catering to diverse needs.

Things to Consider

  • Potential residents and buyers should consider factors such as proximity to amenities, monthly expenses, and community lifestyle.
  • It's advisable to review property fees and regulations to ensure a smooth rental or purchase experience.

Useful FAQs and Support

Events and Building Life

Building Events

  • The Residences hosts regular community events and gatherings to foster a sense of belonging among residents.
  • Social events often include holiday celebrations, resident meet-and-greets, and fitness challenges.

Community Identity

  • Notable for its contemporary architectural design and vibrant community atmosphere, The Residences stands out in Downtown Dubai.
  • Cultural events and recreational activities are often organized, making it a hub for social interactions and community building.

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Detailed Buiding Insights

1. Family Friendliness

The Residences cater well to families, with ample parks, playgrounds, and family-oriented events throughout the year. The area provides a safe and engaging environment for children.

Exceptionally Welcoming

2. Living Options

Offering a variety of living options including luxurious apartments and penthouses, The Residences accommodate different lifestyles and preferences, appealing to both singles and families.

Broadly Diverse

3. Safety And Security

The community boasts high security with 24/7 surveillance and controlled access, ensuring a safe environment for residents.

Remarkably Secure

4. Transportation

With easy access to public transportation, including the Dubai Metro, and proximity to major roads, commuting is effortless for residents, enhancing connectivity throughout the city.

Highly Convenient

5. Amenities And Facilities

The area is filled with luxurious amenities, including swimming pools, gyms, spas, and proximity to shopping malls and fine dining, providing residents with a premium lifestyle.

Richly Equipped

6. Cost Of Living

While the area offers many high-end features and living accommodations, the cost of living is higher compared to other Dubai communities. It caters to a wealthier demographic.

Relatively High

7. Things To Do

With numerous cultural attractions, entertainment venues, and dining options nearby, residents have plentiful activities to engage in, making it a lively community.

Vibrantly Diverse

8. Noise Levels

Despite being in a bustling area, The Residences manage to maintain a quieter atmosphere, especially within the community spaces, providing a relaxing environment.

Generally Peaceful

9. Pet Friendliness

Many residences allow pets, and there are nearby parks and walking areas for dogs, enhancing the quality of life for pet owners in the community.

Warmly Accommodating

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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(Completed by 2007)

Length: 1,056 apartments 

Unit Types : 1, 2 and 3-bedroom apartments

Floors: Tower floor count ranges from 23 to 44 floors

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

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