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Mayfair Residency, Business Bay

Mayfair Residency, Business Bay

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Strengths

Prime Location

Modern Amenities

Exceptional Design

Weakens

High Maintenance Fees

Limited Parking Space

Noise Levels

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Description

Mayfair Residency, Business Bay

Real Estate Overview

Building Overview

  • Mayfair Residency is a modern residential development located in the vibrant Business Bay district, known for its luxurious lifestyle and commercial significance.
  • The building is strategically situated near essential amenities and major landmarks, offering residents convenience and accessibility.
  • It features contemporary architecture and is well-integrated with the surrounding urban landscape, making it a sought-after choice for both families and professionals.

Properties Overview

  • Mayfair Residency offers a variety of properties including studio, one-bedroom, and two-bedroom apartments, catering to diverse needs.
  • Rental prices typically range from AED 60,000 to AED 120,000 annually, while sale prices can vary between AED 800,000 to AED 2 million, depending on the unit type and layout.
  • Popular units often include one-bedroom apartments which are favored for their spacious layouts and modern amenities.

Market Trends

  • The real estate market in Business Bay has seen a steady rise in rental demand, with expected rental yields around 6-8%, making it an attractive investment location.
  • Sales prices have increased by approximately 10% over the past year due to high demand and limited supply in central Dubai.
  • Forecasts suggest continued growth, driven by infrastructure developments and the favorable economic outlook of the region.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Nearby amenities include several supermarkets, educational institutions such as GEMS World Academy, and healthcare facilities like Mediclinic.
  • The proximity to essential services ensures residents have everything they need within a short distance, enhancing their lifestyle.

Transportation and Accessibility

  • Mayfair Residency is well-connected through public transport options, including the Dubai Metro and buses, making commuting easy.
  • Ample parking spaces are available for residents, catering to those who prefer to drive, while main thoroughfares provide fast access to other city areas.

Lifestyle Amenities

  • The building features a wide range of lifestyle amenities including a state-of-the-art gym, swimming pool, and community lounge.
  • Nearby restaurants, cafes, and retail outlets enrich the living experience, offering dining and shopping options within walking distance.
  • Outdoor recreational activities are readily available, thanks to the nearby Dubai Canal and parks.

Builing Facilities

  • Residents enjoy modern facilities such as high-speed elevators, 24/7 security service, and centralized air conditioning.
  • Regular maintenance services ensure that the apartments and communal areas are kept in excellent condition.

Special Services

  • Mayfair Residency provides additional special services such as concierge assistance, guest services for visitors, and business centers for remote working needs.
  • These unique amenities add to the convenience and attractiveness of living in this building.

Planning Your Move or Investment

Floor Plans and Property Types

  • A diverse selection of floor plans is available, including open-plan designs ideal for urban living, as well as spacious layouts for families.
  • Each unit is designed with comfort and functionality in mind, ensuring it meets the varying needs of tenants and buyers.

Things to Consider

  • Potential tenants and buyers should consider factors like proximity to work, available amenities, and overall living costs before making a decision.
  • Renters should assess lease terms while buyers should evaluate market trends and property value appreciation potential.

Useful FAQs and Support

Events and Building Life

Building Events

  • Mayfair Residency hosts various community events, including holiday celebrations, fitness classes, and social gatherings to foster a sense of community among residents.
  • These events encourage networking and friendship among neighbors, enhancing the living experience.

Community Identity

  • The building's identity is shaped by its commitment to fostering an enriching urban lifestyle combined with necessary amenities.
  • Cultural and recreational activities feature prominently, contributing to a vibrant and welcoming atmosphere.

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Detailed Buiding Insights

1. Family Friendliness

The community offers a variety of family-oriented amenities, including parks, children's play areas, and organized community events, making it a great place for families with children.

Exceptionally Welcoming

2. Living Options

Mayfair Residency provides a range of living options, from spacious family apartments to cozy studios, suitable for singles, couples, and families alike.

Broadly Diverse

3. Safety And Security

The residency features 24/7 security and advanced surveillance systems, ensuring a safe environment for residents.

Remarkably Secure

4. Transportation

Located near major roads and public transport stations, Mayfair Residency allows for easy commuting to other parts of the city.

Conveniently Accessible

5. Amenities And Facilities

The community boasts a wide range of amenities, including a fitness center, swimming pool, and communal gardens that enhance residents' lifestyles.

Richly Equipped

6. Cost Of Living

While the cost of living is moderate, the quality of housing and amenities provides a good balance for residents looking for value in Business Bay.

Relatively Balanced

7. Things To Do

With numerous restaurants, shops, and cultural venues nearby, there's always something to do in and around Mayfair Residency.

Vibrantly Diverse

8. Noise Levels

Although it is centrally located, Mayfair Residency maintains a peaceful atmosphere, thanks to well-designed acoustics and green spaces.

Generally Peaceful

9. Pet Friendliness

The community is welcoming to pets, featuring nearby parks and pet-friendly facilities that cater to residents with furry companions.

Warmly Accommodating

Price Insights

Price Trends
2 Bedrooms apartments rented in Damac and Dubai Marina
Average Prices
This data displayed is based on properystellar last 12 months data.
Name Type Avg. Price (AED / year)
Villa (2Beds)
Sale
1.3M AED
Apartment (1Beds)
Sale
850K AED
Villa (3Beds)
Rent
168K AED

Map Overview

Park and Outdoor Fitness & Gym Hospital and Clinics Shopping Center and Groceries Restaurant & Cafeterias
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Local Information

Buy:

294.2K AED - 354.2K AED

Rent:

23.4K AED - 31.8K AED

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