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Festival Tower, Dubai Festival City

Festival Tower, Dubai Festival City

4.18/5
(Based on 0 building reviews)
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Overall Niche Grade

4.18 / 5

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Strengths

Prime Location

Modern Facilities

Community Oriented

Weakens

Pricing

Traffic Congestion

Limited Public Transport

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Description

Festival Tower, Dubai Festival City

Real Estate Overview

Building Overview

  • Festival Tower is a distinguished residential tower located within the vibrant Dubai Festival City community.
  • This modern building offers an ideal blend of luxury living, convenience, and proximity to major city attractions.
  • Nearby facilities include shopping malls, schools, parks, and notable landmarks like the Dubai Creek.
  • Public transport options such as a metro station and bus routes enhance commuting accessibility.
  • Compared to other nearby residential projects, Festival Tower stands out for its contemporary architecture and extensive amenities.

Properties Overview

  • The building features a range of residential units, including one, two, and three-bedroom apartments designed for comfort and style.
  • Rental prices typically range from AED 70,000 to AED 150,000 per annum, depending on the unit size and floor level.
  • For those interested in purchasing, properties are available with sales prices starting around AED 1 million, appealing to both investors and families.

Market Trends

  • The real estate market in Dubai Festival City has shown resilience, with steady rental yields averaging around 5-7%.
  • Over the past year, rental prices have seen moderate increases, with forecasts predicting continued growth as the area develops further.
  • Investors can expect a healthy return on investment (ROI) given the prime location and increasing demand.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Local amenities include supermarkets, reputable schools, and healthcare facilities, ensuring all daily needs are met.
  • Prominent healthcare institutions and clinics are easily accessible within a short drive.

Transportation and Accessibility

  • Festival Tower benefits from excellent transport links, with dedicated parking spaces and proximity to major highways.
  • Public transport options contribute to easy mobility throughout Dubai, connecting residents with key areas.

Lifestyle Amenities

  • Residents enjoy a variety of lifestyle options, such as fitness centers, swimming pools, fine dining restaurants, and leisure parks.
  • The proximity to the Dubai Festival City Mall enhances shopping and entertainment opportunities.

Builing Facilities

  • Facilities in Festival Tower include high-speed elevators, round-the-clock security, comprehensive maintenance services, and central air conditioning.

Special Services

  • Exclusive services such as concierge support, guest reception, and shared business center spaces cater to the needs of residents and visitors.

Planning Your Move or Investment

Floor Plans and Property Types

  • A variety of well-thought-out floor plans are available, catering to different family sizes and lifestyle needs.

Things to Consider

  • Considerations for prospective renters and buyers include budget, preferred unit type, and long-term living or investment plans.

Useful FAQs and Support

Events and Building Life

Building Events

  • Regular events and community gatherings are organized, fostering a strong sense of belonging among residents and enhancing social interactions.

Community Identity

  • Festival Tower is characterized by its modern design and community-oriented philosophy, making it a unique residential choice.

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Detailed Buiding Insights

1. Family Friendliness

Festival Tower offers numerous family-oriented amenities, including spacious play areas, family-friendly events, and a strong community atmosphere, making it ideal for families.

Exceptionally Welcoming

2. Living Options

The living options include a variety of apartments and penthouses that cater to different family sizes and lifestyles, offering choices from affordable units to luxurious living spaces.

Broadly Diverse

3. Safety And Security

The tower features state-of-the-art security systems and 24/7 surveillance, ensuring residents feel safe and secure at all times.

Remarkably Secure

4. Transportation

While the area is well-connected via public transport, reliance on personal vehicles is common, which may affect convenience for some residents.

Moderately Convenient

5. Amenities And Facilities

Festival Tower boasts a wide range of amenities, including a swimming pool, fitness center, recreational areas, and multiple dining options, providing residents with a luxurious lifestyle.

Richly Equipped

6. Cost Of Living

The cost of living in Festival Tower is generally reasonable given the amenities and location, though it may be pricier compared to some surrounding areas.

Relatively Balanced

7. Things To Do

The community features a rich selection of restaurants, entertainment options, and cultural events nearby, ensuring residents are never short of exciting activities.

Vibrantly Diverse

8. Noise Levels

While the area can be busy, the design of the tower and its insulation provide a generally peaceful living environment away from the hustle and bustle.

Generally Peaceful

9. Pet Friendliness

Festival Tower allows pets and provides a pet-friendly environment, although some restrictions on sizes and types may apply, making it a suitable choice for pet owners.

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

Cafeterias Entertainment Events And Festivals Fitness Gym Fitness Center Pools Healthcare Hospital And Clinics Laundry Parks And Beach Restaurant Bars Shopping Centers And Malls Sports Park And Ground Supermarket And Groceries
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Reviews

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Local Information

Buy:

200K AED - 800K AED

Rent:

20K AED - 80K AED

To Shaksy Villas, Jumeirah Village Circle

32 Minutes

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