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The Ritz-Carlton Residences, Business Bay

The Ritz-Carlton Residences, Business Bay

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Strengths

Luxurious Amenities

Prime Location

Exceptional Service

Weakens

High Maintenance Fees

Limited Privacy in Common Areas

Noise from Surrounding Areas

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Description

The Ritz-Carlton Residences, Business Bay

Real Estate Overview

Building Overview

  • The Ritz-Carlton Residences in Business Bay is a prestigious property boasting luxurious living standards and breathtaking views of the Dubai skyline and the iconic Burj Khalifa.
  • Situated in the heart of Business Bay, it is conveniently positioned near major landmarks like the Dubai Mall, the Dubai Fountain, and a variety of fine dining establishments.
  • The building features contemporary architecture and design, setting it apart from other luxury residences in the area.

Properties Overview

  • The residences offer a mix of opulent apartments, ranging from one to four-bedroom units, tailored for both rental and sale.
  • Current rental prices typically range from AED 120,000 to AED 300,000 annually, while purchase prices vary between AED 2 million and AED 10 million, depending on the unit size and floor level.
  • These upscale units are often sought after for their prime location and luxurious amenities.

Market Trends

  • The real estate market in Business Bay has seen a steady increase in demand over the past year, driven by both local and international buyers seeking upscale residences.
  • Rental prices have evolved with a moderate annual appreciation rate of approximately 5-7%, whereas sales have shown a robust growth of 10-15% depending on unit features.
  • Analysts expect this trend to continue as business activities expand in the area, promising sustainable growth and strong ROI for investors.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents benefit from proximity to major supermarkets, esteemed schools such as the International School of Arts and Sciences, and healthcare facilities like the Dubai Hospital.

Transportation and Accessibility

  • The building ensures excellent connectivity, with access to public transportation options including the Dubai Metro and numerous bus routes.
  • Additionally, ample parking spaces are available for residents and guests, enhancing the overall accessibility.

Lifestyle Amenities

  • The Ritz-Carlton Residences offer a plethora of lifestyle choices, including state-of-the-art fitness centers, lush swimming pools, and relaxing spa services.
  • An array of high-end restaurants and cafes are within walking distance, catering to diverse culinary preferences.

Builing Facilities

  • Key building facilities include high-speed elevators, 24-hour security systems, climate-controlled air conditioning, and regular maintenance services to ensure a hassle-free living experience.

Special Services

  • Unique offerings include concierge services, on-site guest services, business centers, and exclusive recreational amenities designed to cater to an elite lifestyle.

Planning Your Move or Investment

Floor Plans and Property Types

  • The residences have a variety of thoughtfully designed floor plans, accommodating the needs of families, professionals, and investors.
  • Options include spacious open-concept layouts and private balconies with stunning views, ensuring a luxurious living experience.

Things to Consider

  • Potential residents and buyers should take into account the building's amenities, proximity to essential services, and the vibrancy of the Business Bay area.
  • Consider factors such as long-term investment potential, rental yields, and lifestyle preferences when making a decision.

Useful FAQs and Support

Events and Building Life

Building Events

  • Residents frequently engage in community events, from social gatherings to fitness classes, fostering a sense of belonging and community in the building.

Community Identity

  • The Ritz-Carlton Residences stand out by promoting an upscale lifestyle while being deeply integrated within the dynamic culture of Dubai, reflected in their architectural elegance and community engagement.

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Detailed Buiding Insights

1. Family Friendliness

The Ritz-Carlton Residences offer a supportive environment for families, with spacious units and child-friendly amenities such as play areas and supervised activities.

Exceptionally Welcoming

2. Living Options

These residences provide a wide range of living options, from one to four-bedroom luxury apartments, catering to families, couples, and individuals alike.

Luxuriously Variety

3. Safety And Security

The property features high-level security measures, including 24/7 security personnel and controlled access points, ensuring the utmost safety for residents.

Remarkably Secure

4. Transportation

Strategically located in Business Bay, the residences offer easy access to public transportation and major roadways, making commuting seamless for residents.

Highly Convenient

5. Amenities And Facilities

With luxurious amenities including a rooftop infinity pool, spa, fitness center, and restaurants, residents enjoy a benchmark of contemporary living.

Richly Equipped

6. Cost Of Living

While the cost of living is on the higher side, it aligns with the luxury provided, making it a worthwhile investment for affluent households.

Premium Pricing

7. Things To Do

Residents have a wealth of nearby recreational and entertainment options including shopping malls, dining, and cultural attractions within Business Bay and Downtown Dubai.

Vibrantly Diverse

8. Noise Levels

Despite being in a bustling area, the design of the residences incorporates soundproofing measures, creating a serene environment for residents.

Generally Peaceful

9. Pet Friendliness

The community welcomes pets with designated areas for walking and a pet-friendly ambiance, making it suitable 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

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:

202.5K AED - 364.4K AED

Rent:

21.8K AED - 30.4K AED

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