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The Residence Tower 1, Downtown Dubai

The Residence Tower 1, Downtown Dubai

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Strengths

Prime Location

Luxury Amenities

High-Quality Finishes

Weakens

High Maintenance Fees

Limited Parking

Noise from Surroundings

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Description

The Residence Tower 1, Downtown Dubai

Real Estate Overview

Building Overview

  • The Residence Tower 1 is a luxurious residential tower located in the vibrant Downtown Dubai district.
  • The building is renowned for its proximity to key landmarks like the Burj Khalifa, Dubai Mall, and the Dubai Fountain.
  • Residents benefit from extensive public transport options, including the nearby Dubai Metro, enhancing connectivity across the city.

Properties Overview

  • The building features a variety of units, including one, two, and three-bedroom apartments, catering to diverse lifestyles.
  • Average rental prices range from AED 80,000 to AED 200,000 annually, while sales prices can vary from AED 1.2 million to AED 3 million, depending on unit size and view.
  • Popular units often feature stunning views of the Burj Khalifa and the surrounding city skyline.

Market Trends

  • Recent trends indicate a steady demand for rental properties, with an annual growth rate of approximately 5%, providing a favorable ROI for investors.
  • Sales prices have shown resilience, maintaining their value due to ongoing attractions in Downtown Dubai, signaling a bullish market outlook for the foreseeable future.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents have access to nearby supermarkets like Carrefour and Spinneys, providing convenient shopping options.
  • Prestigious schools and healthcare facilities, including Emirates Hospital and American School of Dubai, are in close proximity, catering to families.

Transportation and Accessibility

  • Excellent public transportation options, including access to the Dubai Metro and bus services, make commuting hassle-free.
  • Designated parking spaces for residents are available, ensuring convenience for those with vehicles.

Lifestyle Amenities

  • The building includes luxurious amenities such as a state-of-the-art gym, swimming pool, and wellness center, promoting a healthy lifestyle.
  • A variety of fine dining restaurants and cafes are within walking distance, offering residents a vibrant culinary scene.

Builing Facilities

  • The Residence Tower 1 boasts modern facilities such as high-speed elevators, 24/7 security services, centralized air conditioning, and routine maintenance support.

Special Services

  • Premium services like concierge support, guest facilities, and business centers enhance the living experience for residents.

Planning Your Move or Investment

Floor Plans and Property Types

  • Diverse floor plans are available to suit various preferences, including spacious layouts and modern designs.

Things to Consider

  • Prospective tenants and buyers should consider proximity to amenities, investment potential, and the overall lifestyle offered by Downtown Dubai.

Useful FAQs and Support

Events and Building Life

Building Events

  • Regular community events and social gatherings are organized to foster a strong sense of community among residents.

Community Identity

  • What sets The Residence Tower 1 apart is its blend of luxury living with a vibrant urban lifestyle, making it a prestigious address in Dubai.

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Detailed Buiding Insights

1. Family Friendliness

The Residence Tower 1 provides a family-oriented environment with spacious apartments, nearby parks, and children-friendly amenities that make it an attractive choice for families.

Highly Welcoming

2. Living Options

Offers a variety of residential options, from one-bedroom apartments to larger luxury units, catering to a wide range of preferences and lifestyles.

Diverse and Luxurious

3. Safety And Security

The building features 24/7 security personnel, advanced surveillance systems, and access control measures that ensure the safety and peace of mind for residents.

Extremely Secure

4. Transportation

Situated in Downtown Dubai, it offers easy access to major roads, public transportation options, and is in proximity to the metro, facilitating effortless commuting.

Conveniently Accessible

5. Amenities And Facilities

Residents have access to a range of upscale amenities, including a swimming pool, gym, and communal areas, enhancing the overall living experience.

Richly Equipped

6. Cost Of Living

While the cost of living is relatively high compared to other neighborhoods, the quality of life and luxurious amenities provided justify the expense.

Premium but Justifiable

7. Things To Do

Surrounded by a myriad of attractions such as shopping malls, restaurants, cultural spots, and entertainment venues, residents enjoy a dynamic lifestyle with endless activities.

Vibrantly Diverse

8. Noise Levels

Despite being in a bustling area, the building offers well-insulated apartments, resulting in a quieter living environment that allows for relaxation.

Generally Peaceful

9. Pet Friendliness

While pets are allowed in the building, there are some restrictions on breeds and sizes, making it moderately accommodating for pet owners.

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:

240K AED - 361.9K AED

Rent:

20.8K AED - 34K AED

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