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The Address Sky View Tower 1, Downtown Dubai

The Address Sky View Tower 1, Downtown Dubai

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Strengths

Exceptional views of the Burj Khalifa

Luxurious amenities

Prime location

Weakens

High living costs

Limited parking availability

Noise from nearby attractions

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Description

The Address Sky View Tower 1, Downtown Dubai

Real Estate Overview

Building Overview

  • The Address Sky View Tower 1 is a stunning high-rise located in the heart of Downtown Dubai.
  • It boasts a prime location with panoramic views of iconic landmarks such as the Burj Khalifa and the Dubai Fountain.
  • Residents enjoy easy access to a plethora of dining, shopping, and entertainment options within the Downtown area.
  • The building is well-connected to public transportation, including the Dubai Metro and bus services, enhancing accessibility.

Properties Overview

  • The property features a mix of luxury apartments, including one, two, and three-bedroom units, appealing to both investors and renters.
  • Rental prices typically range from AED 120,000 to AED 300,000 per annum, depending on the unit size and view.
  • Sales prices for apartments in the tower start around AED 1.8 million and can exceed AED 6 million for premium units.
  • The Address Sky View Tower 1 is known for its high-demand luxury apartments, making it an attractive choice for both residents and investors.

Market Trends

  • Recent trends indicate a steady increase in rental rates, reflecting a strong demand for prestigious properties in Downtown Dubai.
  • Sales prices have seen a moderate uptick, with a projected ROI averaging between 5% to 8% for buyers in this area.
  • Market expectations suggest continued growth, driven by Dubai's revitalized economy and ongoing development projects.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • The Address Sky View Tower 1 is surrounded by essential amenities, including supermarkets, schools, and healthcare facilities.
  • Notable educational institutions and hospitals are located within a 10-minute drive, ensuring convenience for families.

Transportation and Accessibility

  • Public transport access is robust, with the Dubai Metro station and bus stops situated nearby.
  • The building also offers ample parking facilities for residents and guests, alongside easy road access to major highways.

Lifestyle Amenities

  • Residents can take advantage of luxury amenities, including infinity pools, fitness centers, spas, and various dining options.
  • The vicinity features luxurious hotels, shopping malls, and vibrant nightlife, enhancing the lifestyle experience.

Builing Facilities

  • The tower is equipped with high-speed elevators, 24/7 security, central air conditioning, and maintenance services.
  • Smart home features and modern design elements add to the convenience and comfort of living in this prestigious tower.

Special Services

  • Exclusive services include concierge, housekeeping, and guest services, ensuring a premium living experience.
  • Business centers within the building cater to professionals looking for workspace solutions.

Planning Your Move or Investment

Floor Plans and Property Types

  • Various floor plans are available, catering to diverse preferences, from cozy one-bedroom units to spacious three-bedroom apartments.

Things to Consider

  • Prospective tenants and buyers should evaluate factors such as unit size, view, amenities, and proximity to services.
  • Consider the rental yields and overall market trends when making an investment decision.

Useful FAQs and Support

Events and Building Life

Building Events

  • The Address Sky View Tower 1 hosts regular community events and social gatherings, fostering a vibrant community spirit.

Community Identity

  • This iconic tower represents luxury and sophistication, with its architectural design reflecting contemporary urban living in Dubai.

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Detailed Buiding Insights

1. Family Friendliness

The Address Sky View Tower 1 provides a pleasant environment for families, with spacious apartments and kid-friendly amenities such as swimming pools and play areas.

Moderately Family-Friendly

2. Living Options

The tower offers a range of luxurious living options, including one to three-bedroom apartments, catering to different family sizes and preferences.

Luxuriously Diverse

3. Safety And Security

The building features state-of-the-art security systems, 24/7 surveillance, and on-site security personnel, ensuring residents feel safe at all times.

Exceptionally Secure

4. Transportation

Located in Downtown Dubai, the tower has easy access to major roads, public transportation, and is a short walk from the Dubai Metro, making commuting hassle-free.

Highly Convenient

5. Amenities And Facilities

Residents enjoy a wealth of amenities including a spa, swimming pool, fitness center, and restaurants, all designed to enhance the living experience.

Richly Equipped

6. Cost Of Living

The cost of living in the Address Sky View Tower is on the higher end due to its luxury status and prime location, which may not be suitable for everyone.

Premium Cost

7. Things To Do

The location is surrounded by various attractions including the Burj Khalifa, Dubai Mall, and numerous dining options, offering a lively atmosphere with endless activities.

Vibrantly Diverse

8. Noise Levels

Despite its central location, the tower is designed for tranquility, with soundproofing and a serene environment, allowing residents to enjoy peace away from the bustling city.

Generally Quiet

9. Pet Friendliness

The community has pet-friendly policies but may have restrictions on sizes or types of pets, making it suitable for small to medium-sized pets.

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:

239.2K AED - 372.6K AED

Rent:

21.3K AED - 31K AED

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