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One Park Avenue, MBR City

One Park Avenue, MBR City

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Strengths

Modern architectural design

High-quality amenities

Prime location in MBR City

Weakens

High price point

Limited parking space

Crowded areas during peak hours

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Description

One Park Avenue, MBR City

Real Estate Overview

Building Overview

  • One Park Avenue is a modern residential landmark located in the esteemed Mohammed Bin Rashid City (MBR City), known for its luxurious lifestyle and exceptional amenities.
  • The building is strategically positioned close to major public transportation links, ensuring easy accessibility to various parts of Dubai.
  • Nearby attractions include renowned shopping destinations, parks, and recreational facilities that enhance its appeal.

Properties Overview

  • The building offers a mix of rental and sale properties, with popular units being 1-bedroom and 2-bedroom apartments which are highly sought after.
  • Rental prices typically range from AED 70,000 to AED 120,000 per year, while purchase prices for similar units can vary from AED 1.2 million to AED 2.5 million, depending on size and view.

Market Trends

  • The real estate market in MBR City has shown resilience with a steady increase in property values, indicating a strong demand for investment.
  • Rental yields are competitive, averaging around 6-7%, making it an attractive option for real estate investors.
  • Recent market analyses indicate a positive outlook, with expectations for continued growth in demand over the next few years.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • The vicinity boasts various essential services, including supermarkets, well-regarded schools, and healthcare facilities, such as hospitals and clinics, enhancing the quality of life for residents.

Transportation and Accessibility

  • Excellent public transport options are available, including metro stations and bus services, providing easy access to the rest of Dubai.
  • Additionally, the building offers ample parking spaces for residents and visitors, ensuring convenience.

Lifestyle Amenities

  • Residents can enjoy modern lifestyle amenities such as state-of-the-art fitness centers, lush green spaces, and a variety of dining options, including cafés and restaurants.
  • Nearby recreational facilities and parks offer outdoor activities, promoting a healthy and active lifestyle.

Builing Facilities

  • The building features advanced facilities including high-speed elevators, 24/7 security services, and centralized air conditioning for comfortable living.
  • Maintenance services are readily available, ensuring that the building remains in pristine condition.

Special Services

  • Exclusive concierge services and guest accommodations cater to the needs of residents and their guests, providing a superior living experience.
  • The building may offer business centers and meeting rooms, appealing to professionals and entrepreneurs.

Planning Your Move or Investment

Floor Plans and Property Types

  • One Park Avenue presents a selection of thoughtfully designed floor plans, accommodating both renters and buyers with varying needs, from studio apartments to larger family units.

Things to Consider

  • Potential tenants and buyers should evaluate factors such as property size, amenities, and investment potential before making a decision.
  • Consider the duration of stay, proximity to work and schools, and lifestyle preferences.

Useful FAQs and Support

Events and Building Life

Building Events

  • The community often hosts social events, fostering interaction among residents and promoting a sense of belonging.
  • Regular gatherings, seasonal celebrations, and workshops create vibrant social opportunities within the building.

Community Identity

  • One Park Avenue stands out due to its modern architecture, eco-friendly designs, and commitment to nurturing a close-knit community.
  • Cultural events and recreational activities contribute to its unique identity, setting it apart from other developments in the area.

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Detailed Buiding Insights

1. Family Friendliness

One Park Avenue offers a plethora of family-oriented amenities, including parks, children's playgrounds, and community events that foster a close-knit atmosphere, making it an excellent choice for families.

Exceptionally Welcoming

2. Living Options

The community features a variety of residential options ranging from luxury apartments to townhouses, catering to different family sizes and lifestyles, which enhances its appeal.

Broadly Diverse

3. Safety And Security

With 24/7 security surveillance, gated access, and a strong community watch program, One Park Avenue ensures a high level of safety for all residents.

Remarkably Secure

4. Transportation

Although public transport options are developing, the area is relatively close to major road networks, making it accessible for commuters, though some may prefer private transport.

Moderately Convenient

5. Amenities And Facilities

One Park Avenue boasts a range of amenities including swimming pools, gyms, shopping centers, and outdoor spaces that are well-maintained and cater to various lifestyle needs.

Richly Equipped

6. Cost Of Living

While the cost of living may be on the higher side compared to surrounding areas, it is justified by the quality of life and amenities offered, making it relatively balanced for residents.

Relatively Balanced

7. Things To Do

The community is surrounded by a variety of entertainment options such as restaurants, cafes, cultural sites, and recreational facilities, providing plenty of activities for all ages.

Vibrantly Diverse

8. Noise Levels

The community is designed with tranquility in mind, featuring landscaped gardens and soundproof materials in buildings that contribute to a relaxing environment.

Generally Peaceful

9. Pet Friendliness

One Park Avenue is pet-friendly, with designated parks and facilities for pets, although some restrictions may apply, contributing to a positive environment 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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Local Information

Buy:

293.3K AED - 341.4K AED

Rent:

21.1K AED - 31.4K AED

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