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Technology Park, Dubai

Technology Park, Dubai

3.67/5
(Based on 9 building reviews)
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Overall Niche Grade

3.67 / 5

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Strengths

State-of-the-art infrastructure

Proximity to major tech companies

Access to skilled talent pool

Weakens

High cost of living

Traffic congestion

Limited public transportation options

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Description

Real Estate Overview

Community Overview

  • Technology Park in Dubai is a dynamic and innovative hub tailored for tech and business professionals.
  • It boasts proximity to major transportation links, including the Dubai Metro, and is conveniently located near other notable areas like Sheikh Zayed Road and Dubai Internet City.
  • The community features a range of amenities, including state-of-the-art office spaces and tech-centric facilities.

Properties Overview

  • The community offers a diverse array of real estate options, including modern apartments and commercial spaces.
  • Popular buildings include 'Tech Towers' and 'Innovation Suites', designed for both living and working.
  • Rental prices range from AED 50,000 to AED 120,000 per year, while sale prices can vary widely, reflecting the premium location and amenities.

Market Trends

  • In the past year, the rental market has exhibited a moderate increase of 5%, with strong demand for both residential and commercial properties.
  • Sales trends are stable, showing a yearly appreciation rate of about 3%, appealing to long-term investors.
  • Forecasts suggest continued growth, driven by increasing interest in Dubai’s tech sector and business-friendly policies.

Living and Investing in the Community

Amenities, Schools, and Healthcare

  • Residents benefit from nearby supermarkets, international schools, and healthcare facilities including clinics and pharmacies.
  • Notable establishments include Dubai British School and Mediclinic City Hospital, ensuring comprehensive support for families.

Transportation and Accessibility

  • The area offers excellent accessibility options with multiple bus routes and easy access to the Dubai Metro.
  • Ample parking spaces cater to residents and visitors, promoting a hassle-free travel experience.

Lifestyle Amenities

  • Community members enjoy a vibrant lifestyle with access to gyms, parks, and diverse dining options.
  • Local restaurants offer a variety of cuisines, while leisure activities include nearby beaches and recreational facilities.

Community Facilities

  • Modern amenities include high-speed elevators, 24-hour security services, centralized air conditioning, and dedicated maintenance teams.
  • This ensures residents and businesses experience a comfortable and secure environment.

Special Services

  • Unique offerings include concierge services, business centers, and flexible co-working spaces, designed to meet the needs of tech professionals.
  • Guest services support visitors and clients, enhancing the professional atmosphere.

Planning Your Move or Investment

Floor Plans and Property Types

  • A range of floor plans is available, catering to singles, families, and professionals, with both one-bedroom and multi-bedroom options.
  • Commercial spaces offer flexible layouts suited for startups and established businesses alike.

Things to Consider

  • Prospective tenants and buyers should evaluate accessibility, community amenities, and overall lifestyle fit.
  • Consideration of future developments in the area can also impact investment decisions.

Useful FAQs and Support

Events and Community Life

Community Events

  • Regular events such as tech meetups, networking gatherings, and cultural festivals foster a strong community spirit.
  • These events provide residents opportunities to connect and engage with like-minded individuals.

Community Identity

  • Technology Park is characterized by its innovation-driven environment, attracting professionals who value creativity and collaboration.
  • The blend of cultural diversity and business focus shapes a unique identity for the community.

See more

Detailed Community Insights

1. Family Friendliness

While Technology Park has access to several family-friendly facilities, such as parks and schools, it is primarily a business district. Families may find limited recreational activities tailored specifically for children.

Moderately Welcoming

2. Living Options

The area offers a range of residential options, including apartments and corporate housing, catering primarily to professionals and expatriates. However, the selection may not as broad for larger families or those looking for standalone homes.

Mostly Diverse

3. Safety And Security

Technology Park benefits from a robust security infrastructure, including CCTV surveillance and regular patrols, providing residents with a high sense of safety.

Very Secure

4. Transportation

With its proximity to major highways and public transport options, commuting to and from Technology Park is very accessible for residents and professionals alike.

Highly Convenient

5. Amenities And Facilities

The community boasts modern facilities including cafes, gyms, and coworking spaces, making it well-suited for its professional demographic.

Richly Equipped

6. Cost Of Living

While the area offers many amenities and a desirable environment, the cost of living can be higher than other neighborhoods in Dubai, making it less accessible for some.

Relatively High

7. Things To Do

The opportunities for entertainment and leisure activities are somewhat limited, focusing more on business and professional environments rather than a livelier social scene.

Limited Variety

8. Noise Levels

As a business district, noise levels can vary, particularly during working hours. However, evenings and weekends tend to be quieter, contributing to a balanced atmosphere.

Generally Moderate

9. Pet Friendliness

While some residential options allow pets, the lack of designated pet facilities and open spaces may limit the overall pet-friendliness of the area.

Somewhat Accommodating

Price Insights

Price Trends
for in Dubai
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

Cafeterias Entertainment Events And Festivals Fitness Gym Fitness Center Pools Healthcare Hospital And Clinics Laundry Parks And Beach Restaurant Bars Shopping Centers And Malls Sports Park And Ground Supermarket And Groceries
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Local Information

Buy:

200K AED - 800K AED

Rent:

20K AED - 80K AED

To Shaksy Villas, Jumeirah Village Circle

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