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118 Downtown, Downtown Dubai

118 Downtown, Downtown Dubai

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Strengths

Prime Location

Luxurious Amenities

Stunning Architectural Design

Weakens

High Maintenance Costs

Traffic Congestion

Limited Parking Space

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Description

118 Downtown, Downtown Dubai

Real Estate Overview

Building Overview

  • 118 Downtown is strategically located in the heart of Downtown Dubai, offering residents a premium city living experience.
  • The building is surrounded by iconic landmarks such as the Burj Khalifa and The Dubai Mall, providing easy access to shopping, dining, and entertainment.
  • Nearby transport options include the Dubai Metro and major road networks, ensuring seamless connectivity.

Properties Overview

  • The building features an array of residential units, including luxury apartments with spacious layouts and modern finishes.
  • Rental prices typically range from AED 100,000 to AED 250,000 annually, while sales prices can vary widely based on unit specifications.
  • Popular unit types include one, two, and three-bedroom apartments, appealing to both families and professionals.

Market Trends

  • In recent months, the rental market in Downtown Dubai has shown resilience with a steady demand for properties in prime locations like 118 Downtown.
  • Sales trends indicate a robust interest from investors, with average ROI rates hovering around 6-8%, depending on the unit type.
  • Forecasts for the coming year remain positive, with expected price increases driven by ongoing developments in the area.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents benefit from proximity to high-quality schools such as Dubai International School and healthcare facilities like Mediclinic and hospitals.

Transportation and Accessibility

  • Public transportation options include easy access to the Dubai Metro and various bus services, with ample parking available for residents.

Lifestyle Amenities

  • The building boasts modern lifestyle amenities, including a fitness center, swimming pool, and lounges, while the surrounding area offers numerous restaurants and cafes.
  • Residents can enjoy outdoor spaces and parks, promoting an active lifestyle.

Builing Facilities

  • Well-maintained facilities include high-speed elevators, a 24-hour security system, central air conditioning, and dedicated maintenance services.

Special Services

  • Unique amenities such as concierge services, guest reception, and business centers cater to the needs of residents seeking convenience.

Planning Your Move or Investment

Floor Plans and Property Types

  • A variety of spacious floor plans are available to suit different lifestyles, from cozy one-bedroom units to more extensive three-bedroom family apartments.

Things to Consider

  • Potential tenants and buyers should assess factors such as commuting distance, lifestyle preferences, and current market conditions before making a decision.

Useful FAQs and Support

Events and Building Life

Building Events

  • 118 Downtown hosts regular community events, fostering a strong sense of belonging and networking among residents.

Community Identity

  • With its modern architecture and upscale offerings, 118 Downtown represents the vibrancy and luxury of urban living in Dubai.

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Detailed Buiding Insights

1. Family Friendliness

While the area is primarily geared towards professionals and tourists, families can find suitable amenities such as parks and schools within a short distance.

Moderately Welcoming

2. Living Options

118 Downtown offers a variety of residential options, including luxury apartments and townhouses, catering to different preferences and budgets.

Broadly Diverse

3. Safety And Security

The community is monitored with advanced security systems and has a low crime rate, contributing to a strong sense of safety for residents.

Exceptionally Secure

4. Transportation

The area enjoys easy access to public transport options, including the Dubai Metro and bus services, as well as close proximity to major roadways.

Highly Convenient

5. Amenities And Facilities

Residents have access to luxurious amenities such as swimming pools, fitness centers, and retail options, enhancing their quality of life.

Richly Equipped

6. Cost Of Living

While the living options are diverse, the premium location contributes to a higher cost of living compared to other neighborhoods in Dubai.

Relatively High

7. Things To Do

From fine dining and shopping at The Dubai Mall to nearby cultural attractions, there's a wide range of activities available for all ages.

Vibrantly Diverse

8. Noise Levels

Being in a bustling downtown area, noise from entertainment and businesses is common, but most apartments are designed to minimize disturbances.

Generally Lively

9. Pet Friendliness

While some buildings may have restrictions, there are pet-friendly options, and nearby parks provide spaces for pets to enjoy.

Moderately 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:

210.3K AED - 302.8K AED

Rent:

22.3K AED - 33.3K AED

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