Reehan 3 is a residential community in Old Town Dubai, near landmarks like the Dubai Fountain, the Burj Khalifa, and the Dubai Mall. It offers many facilities and amenities and an opulent lifestyle for its residents.
The community of Reehan 3 consists of elegant low-rise buildings designed to complement Old Town Dubai’s traditional architecture. The apartments are spacious and well-maintained, with modern amenities and high-quality finishes. Surrounding the community are exquisitely designed gardens that provide breathtaking views of the Dubai Fountain and the Burj Khalifa.
Reehan 3 residents can access amenities like kid-friendly play areas, fitness centers, and swimming pools. The community also has several restaurants, cafes, and shops, offering residents a convenient and luxurious lifestyle. With its abundant amenities and ideal location, Reehan 3 is a well-liked option for individuals looking for an upscale living environment in the center of Dubai.
Overview of Reehan 3
Reehan 3 is a residential building in the upscale community of Old Town, Dubai. The five-story structure, designed by Emaar Properties, offers townhouses and apartments. This section will briefly overview Reehan 3, including its location and accessibility, property types and sizes, average price, and market conditions.
Location and Accessibility
Reehan 3 is in the heart of Old Town, Dubai, a community known for its traditional Arabian architecture and charm. The building’s proximity to essential thoroughfares and motorways makes traveling to other areas of Dubai simple. Several facilities, such as eateries, cafes, retail centers, and entertainment venues, are conveniently located for Reehan 3 residents.
Property Types and Sizes
Reehan 3 provides a variety of property types and sizes to accommodate various requirements and tastes. The building offers townhouses and apartments with one, two, and three bedrooms. The apartments range from 800 to 2,500 square feet, while the townhouses range from 2,000 to 3,000 square feet. All properties feature high-quality finishes and modern amenities.
Average Price and Market Conditions
The average price of a property in Reehan 3 varies depending on its size and type. As of June 2024, the average price of a 1-bedroom apartment is AED 1.5 million, while a 2-bedroom apartment costs around AED 2.5 million. A townhouse typically costs approximately AED 5 million, while a three-bedroom apartment typically costs AED 3.5 million.
Old Town, Dubai’s market conditions are generally stable, with a steady demand for high-quality properties. Prices, however, could change based on the market state and additional elements like size, location, and kind of property.
For individuals looking for a superior property in a desirable area, Reehan 3 is a compelling choice. Reehan 3 presents an excellent opportunity for residents and investors because of its variety of property types and sizes, contemporary amenities, and proximity to major roads and other amenities.
Properties for Sale
Reehan 3 in Old Town Dubai offers a range of properties for sale, including apartments with various features. Here are some of the key highlights:
Apartments and Features
- Properties for sale in Reehan 3 include apartments with two beds, three beds + maid + study, and other configurations.
- The apartments have various features, including balconies, built-in wardrobes, central air conditioning, and more.
- The area of the apartments ranges from 1,124 sqft to 2,969 sqft.
Sale Transactions and Price Trends
- Over the past six months, several properties have been for sale in Reehan 3.
- The sales prices for these properties have ranged from AED 2,150,000 to AED 5,800,000.
- Several variables could affect the price, including the apartment’s size, location within the building, and features.
Overall, Reehan 3 offers a range of properties for sale, with apartments with various features and configurations. The sales prices for these properties have been within a reasonable range over the past six months.
Rental Market Insights
Average Rent and Conditions
The well-liked residential neighborhood of Reehan 3 in Old Town Dubai offers a wide range of rental properties. The average rent for a property in Reehan 3 is around AED 152,943 per annum, but rental prices can vary depending on the property’s size, type, features, and condition.
The condition of the property is essential to consider when renting in Reehan 3. Most of the properties are in good condition, with some fully upgraded and modern. The average size of a property in Reehan 3 is 2,155 sqft.
Popular Units for Rent
Reehan 3 offers a range of properties for rent, including apartments and villas. The most popular units are one—to three-bedroom apartments. These apartments are spacious, well-maintained, and offer a range of amenities.
Monthly rentals are also available in Reehan 3, making it an ideal location for those who prefer short-term rentals. The monthly rentals vary depending on the size and condition of the property.
The table below summarizes the rental market insights for Reehan 3, Old Town Dubai:
EntityInformation
Rented Apartments and villas
Average Rent AED 152,943 per annum
Condition Most properties are in good condition
Property Size Average size is 2,155 sqft
Monthly Rentals Available for short-term rentals
Overall, Reehan 3 in Old Town Dubai is an excellent location for renting a property in a well-maintained and convenient area.
Amenities and Facilities
Communal Areas
Reehan 3 in Old Town Dubai offers residents a range of communal areas to enjoy. The building features a communal pool, perfect for those hot summer days in Dubai. The pool area is surrounded by a communal garden, providing a peaceful and relaxing place for residents to unwind.
Residents of Reehan 3 can enjoy a mini theater in addition to the garden area and shared pool. This is a great place to relax and watch a movie with friends or family. The building also has an outdoor kids’ zone, which is perfect for families with young children.
Recreational Facilities
Reehan 3 offers a range of recreational facilities for residents to enjoy. The building features a communal gym fully equipped with the latest fitness equipment. Residents can work out and maintain their fitness without leaving the building.
Reehan 3 also has a squash court for those who enjoy playing sports. This is a great place to play a game with friends or family. In addition to the squash court, the building also has a BBQ area perfect for hosting outdoor gatherings and parties.
Residents can use various amenities and facilities at Reehan 3 in Old Town Dubai. Whether you want to relax by the pool, work out in the gym, or host a BBQ, there is something for everyone at Reehan 3.
Local Education Institutions
Reehan 3 in Old Town Dubai is an upscale residential community offering various educational institutions for families with children. Here are some of the local education institutions that are located near Reehan 3:
Schools Nearby
- The Indian Certificate of Secondary Education (ICSE) is taught at JSS Private School, a coeducational institution located in Al Wasl, approximately 10 minutes away from Reehan 3 by car.
- GEMS Wellington Primary School is a British curriculum that educates children from FS1 to Year 6. It is located in Jumeirah and is approximately 15 minutes away from Reehan 3 by car.
- GEMS Our Own Indian School is a girls-only school offering the Central Board of Secondary Education (CBSE) curriculum. It is located in Al Warqa, approximately 20 minutes away from Reehan 3 by car.
Nurseries and Early Learning Centers
- Jumeirah International Nurseries is a chain of nurseries that offers education to children from 45 days to 4 years old. The nurseries follow the Early Years Foundation Stage (EYFS) curriculum and have locations in Jumeirah and Al Safa, approximately 10 minutes away from Reehan 3 by car.
- Blossom Nursery is a British-curriculum nursery that educates children from 4 months to 4 years old. It is located in Al Manara, approximately 10 minutes away from Reehan 3 by car.
- Toddler Town British Nursery is a British curriculum nursery that offers education to children from 45 days to 4 years old. It is located in Al Safa, approximately 15 minutes away from Reehan 3 by car.
Families living in Reehan 3 have a variety of educational institutions to choose from, with schools and nurseries offering different curriculums and catering to other age groups.
Neighborhood and Community
Old Town Dubai Character
Reehan 3 is a residential community in the heart of Old Town Dubai, known for its traditional Arabian architecture and charm. The area is a perfect blend of culture and convenience, with a rich history reflected in the design of the buildings and the overall ambiance of the community. The narrow streets and low-rise buildings add to the area’s old-world charm, making it a popular destination for tourists and residents.
Connectivity and Nearby Attractions
Reehan 3 is conveniently located near some of Dubai’s most popular attractions. The famous Burj Khalifa, the tallest structure in the world, and the Dubai Mall, the biggest shopping complex in the world, are both conveniently located. Thanks to its convenient access to major roads and public transportation, the community enjoys connectivity with the rest of the city.
Other nearby attractions include Za’abeel Park, perfect for a stroll or a picnic with family and friends. With its bustling nightlife and entertainment options, Downtown Dubai is just a short drive away. The area is known for its lively atmosphere and is home to some of the city’s best restaurants, cafes, and bars.
Overall, Reehan 3 offers residents a unique living experience in the heart of Old Town Dubai, with easy access to some of the city’s most popular attractions. The area is perfect for those who want to experience the charm and character of old Dubai while still enjoying the modern amenities and conveniences of city living.
Real Estate Investment
Real estate investment in Reehan 3, Old Town Dubai, has gained investor interest due to its prime location and modern amenities. With a range of turnkey properties for sale, investors can invest in a thriving real estate market that promises high returns.
Investor Interest and Opportunities
Reehan 3 offers a range of real estate investment opportunities. Properties in this area are available for sale at competitive prices, and with the potential for high returns on investment, they are an attractive option for investors.
Investors can access various properties, such as townhomes, villas, and apartments, each offering different investment opportunities. Reehan 3 provides multiple investment options to meet investors’ needs, regardless of whether they want to purchase properties for capital appreciation or rental income.
Real Estate Agencies and Services
Real estate agencies and services in Reehan 3 offer various services to help investors find the right property for their investment needs. These agencies help investors navigate the real estate market from property management to financing.
Investors can work with experienced real estate agents to find the right property for their investment needs. These representatives are well-versed in the local market and can offer insightful information about the most significant investment opportunities in Reehan 3.
In addition, Reehan 3 real estate companies help investors manage their properties by offering various services like tenant screening, rent collection, and property maintenance. These services can help investors by increasing returns on investment while lowering risk.
Overall, Reehan 3 offers a range of real estate investment opportunities. With a prime location, modern amenities, and a range of turnkey properties available for sale, this area promises high returns on investment for savvy investors.
Frequently Asked Questions
What are the average rental prices for Reehan 3, Old Town Dubai apartments?
The average rental price for apartments in Reehan 3, Old Town Dubai, is around AED 286,286 annually. However, the price may vary depending on the size and type of the apartment.
How do the sale prices of flats in Reehan 3 compare to other Old Town Dubai properties?
The flats sold in Reehan 3 are competitive compared to other properties in Old Town Dubai. The starting price for properties in Reehan 3 is AED 18 million and goes up to AED 76.5 million.
What amenities are available to Reehan 3, Old Town Dubai residents?
A children’s play area, fitness center, and swimming pool are available to residents of Reehan 3 in Old Town Dubai. The neighborhood also has several parks and green spaces.
Can you provide reviews from current or past Reehan 3, Old Town Dubai residents?
No reviews are available from current or past residents of Reehan 3, Old Town Dubai.
What is the availability of apartments for rent in Reehan 3, Old Town Dubai?
The availability of apartments for rent in Reehan 3, Old Town Dubai, may vary depending on the time of year. For up-to-date information, it is recommended that you contact a reputable real estate agency.
What are the unique features of Reehan 3, Old Town Dubai, differentiate it from other residential areas?
Reehan 3, Old Town Dubai, is known for its traditional Arabian architecture and charm. The community offers a mix of low-rise apartment buildings and townhouses, providing residents with a comfortable and serene living environment. It is also conveniently located near Dubai Mall, The Fountains, and the Burj Khalifa, offering residents access to various restaurants, cafes, and eateries.
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