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Al Shafar Tower, Business Bay

Al Shafar Tower, Business Bay

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Strengths

Prime Location

Modern Design

Ample Amenities

Weakens

High Occupancy Rates

Parking Limitations

Noise Levels

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Description

Al Shafar Tower, Business Bay

Real Estate Overview

Building Overview

  • Al Shafar Tower is a prominent high-rise located in the heart of Business Bay, an area known for its modern architecture and vibrant business environment.
  • The building is strategically situated near major highways and is well-connected to public transportation, making commuting effortless.
  • Nearby landmarks include the iconic Burj Khalifa, Dubai Mall, and various dining and retail options that enhance its appeal.

Properties Overview

  • The building offers a diverse selection of residential and commercial properties, with popular choices including spacious apartments and stylish offices.
  • Rental prices in Al Shafar Tower typically range from AED 65,000 to AED 120,000 per year for apartments, while commercial spaces can vary significantly based on size and configuration.
  • Units are designed with high-quality finishes and modern amenities, making them attractive for both renters and investors.

Market Trends

  • The real estate market in Business Bay has shown resilience, with rental rates experiencing steady growth of around 5-7% over the past year.
  • Investors can expect a favorable return on investment (ROI) of approximately 7-9%, positioning the area as a lucrative option for property investment.
  • Demand for properties in Al Shafar Tower is expected to rise, driven by ongoing developments in Business Bay and Dubai's thriving economy.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents benefit from proximity to renowned supermarkets, educational institutions, and healthcare facilities, including hospitals and clinics.
  • Prominent schools in the vicinity ensure quality education options for families, enhancing the lifestyle appeal of the area.

Transportation and Accessibility

  • The building is easily accessible via public transport options, including the Dubai Metro and buses, making travel around the city convenient.
  • Ample parking spaces are available for residents and visitors, catering to the diverse needs of commuters.

Lifestyle Amenities

  • Al Shafar Tower features a range of lifestyle amenities including a state-of-the-art fitness center, swimming pool, and landscaped gardens for relaxation.
  • A variety of restaurants, cafes, and leisure facilities are located within walking distance, supporting a lively urban lifestyle.

Builing Facilities

  • The building is equipped with modern elevators, 24/7 security, and centralized air conditioning, ensuring comfort and safety for all occupants.
  • Dedicated maintenance services are available to promptly address the needs of residents and tenants.

Special Services

  • Exclusive services such as concierge and guest services elevate the living experience, providing assistance with everyday needs.
  • Business centers and meeting rooms are available for professional use, making it ideal for working professionals and entrepreneurs.

Planning Your Move or Investment

Floor Plans and Property Types

  • Al Shafar Tower offers a range of floor plans, including studios, 1-bedroom, and 2-bedroom apartments, as well as various office layouts to meet diverse needs.
  • The flexible designs cater to singles, families, and businesses, ensuring that everyone can find a suitable space.

Things to Consider

  • Tenants and buyers should evaluate proximity to work, amenities, and public transport options when choosing a unit in Al Shafar Tower.
  • Consider the long-term growth potential of the Business Bay area, which is consistently evolving.

Useful FAQs and Support

Events and Building Life

Building Events

  • Al Shafar Tower hosts regular community events, networking opportunities, and social gatherings, fostering a sense of belonging among residents.
  • These events provide a platform for neighbors to connect and engage with one another.

Community Identity

  • The building is known for its contemporary design and luxurious finishes, reflecting the sophisticated urban lifestyle of Business Bay.
  • Art installations and recreational spaces within the tower add cultural value and enhance the overall living experience.

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Detailed Buiding Insights

1. Family Friendliness

Al Shafar Tower offers a range of facilities suitable for families, including children's play areas and nearby parks. However, proximity to business areas may make it less family-oriented during working hours.

Moderately Welcoming

2. Living Options

The tower provides a variety of apartments with different layouts and sizes, appealing to both singles and families. The availability of high-end finishes also attracts diverse tenants.

Broadly Diverse

3. Safety And Security

Al Shafar Tower boasts around-the-clock security services and surveillance systems, providing residents with peace of mind in terms of safety.

Remarkably Secure

4. Transportation

Strategically located near major roadways and public transportation options, residents can easily access other parts of Dubai, making commuting straightforward.

Highly Convenient

5. Amenities And Facilities

The tower features a range of amenities including a swimming pool, gym, and communal spaces. These facilities are well-maintained and enhance the living experience.

Richly Equipped

6. Cost Of Living

While the cost of living in Business Bay can be high, Al Shafar Tower offers competitive pricing for its premium units, striking a balance between affordability and luxury.

Relatively Balanced

7. Things To Do

The area surrounding Al Shafar Tower is bustling with restaurants, cafes, and shopping outlets, providing diverse options for entertainment and leisure activities.

Vibrantly Diverse

8. Noise Levels

Despite being in a busy district, the sound insulation in Al Shafar Tower ensures that the interior remains relatively quiet, contributing to a tranquil living environment.

Generally Peaceful

9. Pet Friendliness

While the tower allows pets, specific restrictions may apply. The presence of nearby parks makes it convenient for pet owners to take their animals outdoors.

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:

216.1K AED - 314.7K AED

Rent:

24.9K AED - 32.9K AED

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