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Millennium Central Downtown, Business Bay

Millennium Central Downtown, Business Bay

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Strengths

Prime location

Modern amenities

High customer satisfaction

Weakens

High pricing

Limited parking

Noise levels

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Description

Millennium Central Downtown, Business Bay

Real Estate Overview

Building Overview

  • Millennium Central Downtown offers a prime location in the vibrant Business Bay area, boasting access to major business hubs and luxurious living spaces.
  • Proximity to landmarks such as the Burj Khalifa and Dubai Mall enhances its popularity among residents and investors.
  • Well-connected via public transportation, including the Dubai Metro, facilitating easy commutes throughout the city.

Properties Overview

  • The building features a range of properties, including studio, one-bedroom, and two-bedroom apartments, appealing to both renters and buyers.
  • Rental prices typically range from AED 70,000 to AED 160,000 per year, while sales prices vary from AED 1 million to AED 2.5 million depending on the unit's size and view.
  • Popular units include spacious one-bedroom apartments with views of the Burj Khalifa and Dubai Canal.

Market Trends

  • The real estate market in Business Bay has shown consistent demand, with rental prices increasing by approximately 5% over the past year.
  • Sales trends indicate a stable market with a slight uptick in property values, driven by ongoing development and high demand for luxury apartments.
  • Investors can expect an average return on investment (ROI) of around 6% annually, making it a lucrative addition to investment portfolios.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents have access to a wide range of essential services, including supermarkets, international schools, and medical facilities.
  • Top institutions and healthcare facilities in the vicinity ensure a quality lifestyle for families.

Transportation and Accessibility

  • The building is well-equipped with parking spaces and is conveniently located near major roadways, enhancing accessibility.
  • Public transportation options, including bus stops and metro stations, are within walking distance, providing excellent connectivity.

Lifestyle Amenities

  • Millennium Central Downtown boasts a variety of lifestyle amenities, including fully-equipped gyms, swimming pools, cafes, and restaurants.
  • A short distance away, residents can enjoy leisure activities at parks or along the Dubai Canal.

Builing Facilities

  • Key facilities within the building include high-speed elevators, 24/7 security, centralized air conditioning, and dedicated maintenance services.
  • Additional conveniences, such as a dedicated reception area and common lounges, contribute to a seamless living experience.

Special Services

  • Unique services offered include concierge support, housekeeping options, and business centers for residents working from home.
  • Guest services ensure that visitors receive the best hospitality experience while staying in the building.

Planning Your Move or Investment

Floor Plans and Property Types

  • A diverse selection of floor plans is available to suit various lifestyle preferences, from cozy studios to spacious family units.
  • Detailed layouts allow potential renters and buyers to visualize living spaces before making a commitment.

Things to Consider

  • Prospective tenants and buyers should evaluate rental agreements, property management, and community regulations before deciding.
  • Consider factors such as proximity to workplaces, schools, and leisure amenities in the decision-making process.

Useful FAQs and Support

Events and Building Life

Building Events

  • Regular events such as community gatherings, holiday celebrations, and fitness classes are organized for residents to foster a sense of community.
  • Networking opportunities are also available for professionals living in the building.

Community Identity

  • Millennium Central Downtown is distinguished by its modern architecture and commitment to sustainability, appealing to environmentally-conscious residents.
  • The building promotes a cosmopolitan lifestyle, reflective of Dubai's dynamic culture and community spirit.

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Detailed Buiding Insights

1. Family Friendliness

The community offers a range of family-oriented facilities, including parks and schools, making it a good choice for families. However, some areas are more geared towards business professionals.

Moderately Welcoming

2. Living Options

Millennium Central offers various living options, from luxury apartments to more budget-friendly options, catering to a wide demographic of residents.

Diverse and Convenient

3. Safety And Security

The area is monitored with surveillance systems and has a low crime rate, providing residents with peace of mind.

Remarkably Secure

4. Transportation

With access to major highways and proximity to public transportation options, commuting to other areas in Dubai is easy and efficient.

Highly Convenient

5. Amenities And Facilities

The community is filled with amenities, including fitness centers, restaurants, and retail shops, enhancing the quality of life for residents.

Richly Equipped

6. Cost Of Living

While there are diverse housing options, the overall cost of living is elevated compared to other areas in Dubai, which might not suit all budgets.

Relatively High

7. Things To Do

The area boasts a lively social scene with various entertainment options, including dining, nightlife, and cultural attractions.

Vibrantly Diverse

8. Noise Levels

Due to the vibrant atmosphere and ongoing developments, noise levels can be higher, especially during peak hours.

Generally Lively

9. Pet Friendliness

While there are some pet-friendly facilities, not all areas and apartments are suitable for pets which limits options for pet owners.

Somewhat 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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Schools

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Local Information

Buy:

298.5K AED - 389.6K AED

Rent:

23.6K AED - 32K AED

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