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The Residence 8, Downtown Dubai

The Residence 8, Downtown Dubai

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Strengths

Prime Location

Luxurious Amenities

Stunning Architecture

Weakens

High Maintenance Costs

Limited Parking Space

Noise Levels

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Description

The Residence 8, Downtown Dubai

Real Estate Overview

Building Overview

  • The Residence 8 is a premier residential complex located in the heart of Downtown Dubai, offering breathtaking views of iconic landmarks like the Burj Khalifa and the Dubai Fountain.
  • It is strategically situated near a plethora of amenities including high-end shopping malls, gourmet dining options, and vibrant leisure activities.
  • This building stands out when compared to neighboring developments for its luxurious design and exceptional lifestyle offerings.

Properties Overview

  • The Residence 8 features a variety of properties, including stylish 1, 2, and 3-bedroom apartments, making it ideal for both individuals and families.
  • Current market listings indicate rental prices ranging from AED 120,000 to AED 250,000 per annum, while sales prices fluctuate between AED 2.5 million and AED 5 million, depending on the unit type and view.

Market Trends

  • The rental market has shown steady growth, with an approximate year-on-year increase of 5-7%, indicating healthy demand.
  • Sales trends reflect a robust market, with an estimated return on investment (ROI) of about 7-8%, appealing to both investors and end-users.
  • Looking forward, the market is expected to remain stable, with ongoing developments in the area likely to boost property values.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents benefit from proximity to several international schools, healthcare facilities, and supermarkets, making it convenient for families.
  • Nearby hospitals include the American Hospital Dubai and Mediclinic, ensuring easy access to healthcare services.

Transportation and Accessibility

  • The Residence 8 is well-connected, with access to Dubai Metro via the Burj Khalifa/Dubai Mall station and a network of bus routes.
  • There is ample parking available for residents and guests, making commuting straightforward.

Lifestyle Amenities

  • The complex boasts a wealth of lifestyle amenities including a state-of-the-art gym, swimming pools, spa services, and communal gardens.
  • A variety of dining establishments and cafes right at your doorstep elevate the living experience.

Builing Facilities

  • 56 high-speed elevators ensure quick and efficient access to each floor while providing convenience for all residents.
  • Enhanced security features such as 24/7 surveillance and concierge services ensure a safe living environment.

Special Services

  • Residents enjoy added luxuries such as concierge services, maintenance support, and business center facilities catering to professional needs.
  • Guest services are also available to assist visitors, further enhancing the hospitality experience.

Planning Your Move or Investment

Floor Plans and Property Types

  • The Residence 8 offers diverse floor plans tailored for modern living, ranging from compact layouts to spacious family-style units, catering to various lifestyles and preferences.

Things to Consider

  • Prospective tenants and buyers should consider location advantages, amenities offered, and market trends, especially the projected growth in property value.

Useful FAQs and Support

Events and Building Life

Building Events

  • The Residence 8 hosts regular community events and social gatherings, fostering a vibrant and engaged residential atmosphere.
  • Opportunities for residents to connect through organized activities, seasonal festivities, and community programs are prevalent.

Community Identity

  • With its striking architecture and cultural significance, The Residence 8 represents a blend of luxury and contemporary design, defining the essence of urban living in Dubai.

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Detailed Buiding Insights

1. Family Friendliness

The Residence 8 offers a range of family-oriented amenities including children's play areas, swimming pools, and proximity to schools and parks, making it an ideal place for families.

Exceptionally Welcoming

2. Living Options

The community features a variety of high-end apartment layouts and sizes, catering to different preferences and budgets, ensuring a comfortable living experience.

Diverse and Upscale

3. Safety And Security

With 24/7 security personnel, surveillance systems, and access control measures, residents feel safe and secure within the community.

Highly Secure

4. Transportation

The Residence 8 is situated near major roadways and public transit options, providing residents with easy access to downtown attractions and the wider city.

Conveniently Accessible

5. Amenities And Facilities

The community boasts a fabulous array of amenities including a gym, spa, swimming pool, and recreational areas, enhancing the overall living experience for residents.

Richly Equipped

6. Cost Of Living

While the cost of living reflects the upscale nature of the community, it remains competitive given the level of service and amenities provided.

Premium Yet Reasonable

7. Things To Do

Located in Downtown Dubai, residents have easy access to numerous dining, shopping, and entertainment options, providing ample activities for all ages.

Vibrantly Diverse

8. Noise Levels

Despite being in a bustling area, The Residence 8 is designed to minimize noise, allowing residents to enjoy a tranquil environment.

Generally Peaceful

9. Pet Friendliness

The community does allow pets with some restrictions, but offers limited facilities specifically for pet owners.

Moderately 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:

256.4K AED - 364.4K AED

Rent:

24.3K AED - 33.2K AED

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