Vida Residence Downtown, Downtown Dubai

Downtown Dubai, Dubai

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Strengths

Prime Location

Modern Amenities

Stylish Design

Weakens

High Cost of Living

Noise Levels

Limited Parking

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Strengths

Prime Location

Located in the heart of Downtown Dubai, providing easy access to popular attractions.

Modern Amenities

Features state-of-the-art facilities including a fitness center, pool, and concierge services.

Stylish Design

Designed with contemporary aesthetics that appeal to modern living.

Weaknesses

High Cost of Living

Rental and maintenance costs can be significantly higher compared to other areas.

Noise Levels

Proximity to busy areas may lead to higher noise levels, especially at night.

Limited Parking

Parking space can be restricted, which may cause inconvenience for residents with vehicles.

Considerations

Investment Potential

Consider the potential for property value appreciation due to ongoing developments in the area.

Community Lifestyle

Evaluate whether the vibrant community lifestyle is suitable for your personal preferences.

Accessibility to Transportation

Check the availability of public transportation options and their convenience for commuting.

Buildign Overview

Summary

Vida Residence Downtown is a modern residential development located at the heart of Downtown Dubai.
Its prime location offers easy access to iconic landmarks such as the Burj Khalifa, The Dubai Mall, and the Dubai Fountain.
The building features a blend of contemporary architecture and luxurious interiors, making it a desired choice among residents.
Residents benefit from proximity to popular restaurants, cafes, and retail outlets, enhancing the urban living experience.

Properties Overview

Vida Residence Downtown offers an array of properties for both rent and sale, including one, two, and three-bedroom apartments.
Typical rental prices range from AED 90,000 to AED 160,000 annually, depending on the unit size and view.
For those interested in purchasing, apartments range from AED 1.5 million to AED 3 million, appealing to both investors and homebuyers.
The most sought-after units feature balconies with views of the Burj Khalifa and the Dubai Fountain.

Market Trends

The rental market in Downtown Dubai has seen a steady growth of approximately 5% over the past year.
Sales prices have also increased, indicating strong demand and investment interest in the area.
Investors can expect a respectable ROI of around 6-8%, with an upward trend anticipated for the coming years due to ongoing developments in the vicinity.
The area remains popular among expatriates and locals alike, contributing to its appeal.

Living and Investing in the Building

Amenities, Schools, and Healthcare

Residents have access to highly regarded schools, such as GEMS Wellington Academy and Dubai International School.
Healthcare facilities like Mediclinic and American Hospital Dubai are nearby, ensuring quick access to medical services.
Supermarkets such as Carrefour and Waitrose are conveniently located within walking distance.

Transportation and Accessibility

Vida Residence Downtown boasts excellent connectivity via the Dubai Metro and Bus services.
There are ample parking spaces available for residents and their guests, enhancing convenience.
Easy access to major roadways, like Sheikh Zayed Road, enables quick commutes to other parts of Dubai.

Lifestyle Amenities

The building features top-notch amenities, including a fully equipped gym, swimming pool, and wellness spa.
Residents can enjoy an array of dining options within the building, alongside nearby hotels offering fine dining experiences.
Outdoor activities are plentiful, with parks and recreational areas surrounding the property, suitable for families and fitness enthusiasts.

Builing Facilities

The building is equipped with high-speed elevators, ensuring efficiency and convenience.
Enhanced security measures are in place, including 24/7 surveillance and concierge service.
Central air conditioning and regular maintenance provide comfort and peace of mind.

Special Services

Vida Residence Downtown offers unique services, such as concierge assistance and guest services for residents and visitors.
Business centers within the building cater to the needs of professionals, making it ideal for remote work or meetings.
Additional amenities include a kids' play area and a lounge for socialization.

Planning Your Move or Investment

Floor Plans and Property Types

Various floor plans are available, accommodating diverse lifestyles and preferences, ranging from compact apartments to spacious family units.
Each apartment is designed with modern finishes and layouts optimized for comfort and functionality.

Things to Consider

Key considerations for prospective tenants and buyers include proximity to workplaces, schools, and essential services.
Evaluate parking availability, community amenities, and overall housing market trends before making a decision.

Useful FAQs and Support

Events and Building Life

Building Events

Vida Residence Downtown hosts regular community events, including holiday celebrations and social gatherings, fostering a strong sense of community among residents.
These events encourage networking and engagement among neighbors, enhancing the living experience.

Community Identity

The building’s modern aesthetic and vibrant community make it a unique living space in Downtown Dubai.
Its commitment to luxury and convenience sets it apart from other developments in the area, attracting a diverse resident demographic.

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Detailed Buiding Insights

1. Family Friendliness

The community provides ample space and facilities for families, including children's play areas, kid-friendly amenities, and nearby schools.

Exceptionally Welcoming

2. Living Options

Housing options vary from spacious apartments to luxury suites, accommodating different family sizes and preferences.

Broadly Diverse

3. Safety And Security

The residence is equipped with 24/7 security, CCTV surveillance, and secure access systems, ensuring a safe living environment.

Remarkably Secure

4. Transportation

The location offers easy access to public transport, including metro stations and bus stops, making commuting easy and efficient.

Highly Convenient

5. Amenities And Facilities

Residents enjoy numerous amenities, such as a swimming pool, gym, spa, restaurants, and retail outlets within walking distance.

Richly Equipped

6. Cost Of Living

While the living cost is above average for Dubai, the quality of life and amenities provided justify the expenses for many residents.

Moderately High

7. Things To Do

The Downtown area offers a plethora of entertainment options including shopping, dining, cultural spots, parks, and events throughout the year.

Vibrantly Diverse

8. Noise Levels

Despite being in a bustling area, the design and layout of the residence minimizes noise disturbance, providing a tranquil living space.

Generally Peaceful

9. Pet Friendliness

Pets are welcome in most units, with several nearby parks and pet-friendly amenities available for residents who own animals.

Warmly Accommodating

Schools

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Key Information

Developer: Emaar Properties

Building Type: Residential

Building Age: 5 years(Date of completion: 2019)

Length: 320

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

Floors: 60

Community Insights

Mostly apartments | Luxury | Well connected

Lowest: 135K - 260K AED/year

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