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Tiara Residences, Palm Jumeirah

Tiara Residences, Palm Jumeirah

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Palm Jumeirah, Dubai

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Strengths

Luxury Amenities

Prime Location

Modern Architecture

Weakens

High Maintenance Fees

Limited Public Transport

Noise from Nearby Construction

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Buildign Overview

Summary

  • Tiara Residences is an iconic residential complex located on Palm Jumeirah, one of Dubai's most famous landmarks.
  • The building features stunning views of the Arabian Gulf and the Dubai skyline, making it a prime location for luxury living.
  • Nearby facilities include a range of upscale restaurants, shopping options, and leisure activities suitable for all ages.
  • Residents benefit from easy access to the monorail and major roadways, enhancing connectivity to the rest of Dubai.

Properties Overview

  • Tiara Residences offers a diverse selection of residential units, including one to three-bedroom apartments and penthouses.
  • Rental prices typically range from AED 120,000 to AED 300,000 annually, depending on the unit size and view.
  • Properties for sale generally start from AED 1.5 million, attracting both investors and homebuyers looking for luxurious living.

Market Trends

  • The real estate market on Palm Jumeirah has seen a steady increase in demand, particularly for rental properties, with year-on-year price appreciation.
  • Sales prices have stabilized, leading to better ROI for investors, currently averaging around 6%.
  • Industry analysts predict continued growth in property values as the area develops with more luxury amenities and services.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents have access to nearby supermarkets like Spinneys and Carrefour, as well as various clinics and hospitals within a short drive.
  • Educational institutions such as Regent International School and Dubai International Academy are within reach, providing quality schooling options.

Transportation and Accessibility

  • Palm Jumeirah is well-connected by the Palm Monorail, making commuting to the mainland easy.
  • Ample parking facilities are available for residents, alongside dedicated taxi and ride-sharing accessibility.

Lifestyle Amenities

  • The building features a state-of-the-art gym, swimming pools, and wellness centers catering to fitness enthusiasts.
  • Various high-end dining options and boutique cafes are within easy reach, promoting a vibrant lifestyle.
  • The proximity to Jumeirah Beach and various water sports facilities makes Tiara Residences an attractive option for outdoor lovers.

Builing Facilities

  • Amenities include high-speed elevators, round-the-clock security, and central air conditioning systems.
  • Maintenance services are readily available, ensuring hassle-free living.

Special Services

  • Tiara Residences offers concierge services to assist residents with bookings and everyday needs, as well as guest services for visitors.
  • A dedicated business center is available for residents who need a space for meetings or work.

Planning Your Move or Investment

Floor Plans and Property Types

  • Tiara Residences features various layouts for one, two, and three-bedroom apartments, catering to different living requirements and preferences.
  • Penthouses with expansive terraces offer luxury living with breathtaking views.

Things to Consider

  • Prospective tenants and buyers should review property management services, community rules, and additional costs related to living in the building.
  • Consider proximity to schools and work when selecting a unit to invest in.

Useful FAQs and Support

Events and Building Life

Building Events

  • Regular community events foster relationships among residents, such as seasonal gatherings, fitness classes, and social meetups.
  • Holiday celebrations and themed parties make Tiara Residences a vibrant community to live in.

Community Identity

  • Tiara Residences is renowned for its architectural elegance and luxurious amenities, setting it apart in Dubai's competitive real estate market.
  • The community's active lifestyle and welcoming atmosphere contribute to a unique living experience.

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Detailed Buiding Insights

1. Family Friendliness

Tiara Residences offers a range of family-oriented amenities such as children's play areas, swimming pools, and expansive gardens, making it highly suitable for families. The community also hosts family events, promoting interaction and support among residents.

Exceptionally Welcoming

2. Living Options

The residences include a variety of living options such as spacious apartments with stunning views. There are different layouts available, catering to various family sizes and preferences, from one-bedroom apartments to larger family residences.

Broadly Diverse

3. Safety And Security

The community is equipped with 24/7 security personnel, video surveillance, and controlled access points, ensuring a very high safety standard for residents.

Remarkably Secure

4. Transportation

While public transport options are somewhat limited, the availability of taxis and proximity to major roads provides moderate convenience for residents commuting to and from different areas.

Moderately Convenient

5. Amenities And Facilities

Tiara Residences boasts a wide array of amenities including a state-of-the-art gym, spa, swimming pools, beach access, and even dining options, ensuring a luxurious lifestyle for its residents.

Richly Equipped

6. Cost Of Living

Due to its premium location on Palm Jumeirah and lavish amenities, the cost of living in Tiara Residences tends to be above average compared to other communities in Dubai.

Relatively High

7. Things To Do

Residents can enjoy numerous recreational activities, including access to private beaches, nearby parks, cafes, restaurants, and a vibrant nightlife in the surrounding area.

Vibrantly Diverse

8. Noise Levels

The community is designed with tranquility in mind, benefiting from its beachfront location and well-organized layout, minimizing noise from traffic and other disturbances.

Generally Peaceful

9. Pet Friendliness

Tiara Residences is considered pet-friendly, with ample walking spaces and parks for pets. The community fosters a welcoming atmosphere for pet owners, though there may be some restrictions on certain breeds.

Warmly Accommodating

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Key Information

Developer: Nakheel

Building Type: Residential complex

Building Age: 15 years(completed in 2009)

Length: 644 apartments

Unit Types : 1, 2 and 3-bedroom apartments and 4-bedroom penthouses

Floors: 15 storeys

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

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