Residence Tower 1 is a residential building located in Downtown Dubai. Developed by Emaar Properties, it was completed in 2007 and offers stunning views of the iconic Burj Khalifa. The tower provides one, two, and three-bedroom apartments, making it an exceptional choice for families and individuals.
Residents of The Residence Tower 1 can enjoy various amenities, including a gym, swimming pool, and steam room. The tower is also conveniently located near several schools, including Citizens School and Japanese School Dubai. With its superb location in Downtown Dubai, residents have easy access to multiple shopping, dining, and entertainment options, making it a spectacular place to call home.
Overview of The Residences 1
The Residences 1 is a luxurious residential tower situated in the center of Downtown Dubai, UAE. Developed by Emaar Properties, it is part of The Residences, a collection of nine high-rise residential towers. The Residences 1 offers a range of spacious apartments with exceptional views of the iconic Burj Khalifa and the Dubai Fountain.
Location and Connectivity
Residences 1 is situated in one of the most sought-after locations in Dubai. It is close to the Dubai Mall, the world’s largest shopping mall, and the Burj Khalifa, the world’s tallest building. The tower is also conveniently located near major highways, making accessing other parts of the city easy.
Architectural Design
The Residences 1 boasts a modern architectural design that is both elegant and functional. The tower is designed to provide residents with maximum comfort and convenience. The apartments are roomy and luxuriously furnished and have excellent furnishings and finishes. The tower also features state-of-the-art amenities, including a gym, swimming pool, and steam room.
Some key features of The Residences 1 include:
- Exceptional views of the Burj Khalifa and the Dubai Fountain
- Spacious apartments with high-quality finishes and fittings
- State-of-the-art amenities, including a gym, swimming pool, and steam room
- Excellent location near major highways and popular attractions in Dubai
Overall, The Residences 1 is an excellent choice for anyone looking for luxury living in the heart of Downtown Dubai. With its prime location, stunning views, and modern design, this tower offers the perfect blend of style and functionality.
Apartment Details
Types of Apartments
The Residence Tower 1 in Downtown Dubai offers several apartments to accommodate different preferences and needs. Residents can choose from 1-bedroom, 2-bedroom, and 3-bedroom apartments. All apartments are fully furnished and upgraded to provide maximum comfort and convenience to residents.
Floor Plans
The floor plans of the apartments in The Residence Tower 1 are designed to optimize space and provide a comfortable living experience. The 1-bedroom apartments have a total area of 935 sq. ft., the 2-bedroom apartments range from 1,304 sq. ft. to 1,704 sq. ft., and the 3-bedroom apartments have a total area of 2,109 sq. ft. Each apartment has a spacious living room, a fully equipped kitchen, and a balcony with a stunning view of the Dubai Fountain.
Interior Features
To provide residents with the highest level of comfort and convenience, Residence Tower 1 apartments have a variety of contemporary facilities and features.
Some of the interior features include:
- High-speed internet connectivity
- Central air conditioning
- Built-in wardrobes
- Fully equipped kitchen with appliances
- Marble flooring
- En-suite bathrooms with high-quality fixtures
Residents of The Residence Tower 1 can also enjoy a stunning view of the Dubai Fountain from their apartments. The fountain-view apartments are highly sought after and offer a unique living experience in the heart of Downtown Dubai.
The Residence Tower 1 apartments are designed to provide residents with an opulent and comfortable living experience. With various modern amenities and features, residents can enjoy a tranquil lifestyle in the heart of one of Dubai’s most vibrant neighborhoods.
Amenities and Facilities
Leisure Amenities
Residents of The Residence Tower 1 can enjoy various leisure amenities, including a well-equipped gymnasium, a swimming pool, and squash courts. The gymnasium is fully equipped with modern fitness equipment, allowing residents to sustain a healthy lifestyle. The swimming pool is superb for those who want to relax and unwind after a long day at work. The squash courts are ideal for those who enjoy playing sports and want to stay active.
Health and Fitness
The Residence Tower 1 offers its residents a range of health and fitness amenities. The sauna, Jacuzzi, and steam room are perfect for relaxing and rejuvenating after a long day. Numerous health advantages of the sauna and steam room include better skin, lower stress levels, and increased circulation. The Jacuzzi is perfect for those who want to unwind and soak in warm water.
Security and Safety
Residence Tower 1 has a range of security and safety measures to ensure the safety of its residents. Firstly, the building has CCTV cameras that monitor the common areas and provide 24-hour surveillance. Additionally, the building is equipped with central air-conditioning and high-speed elevators to ensure that residents are always comfortable and safe. Moreover, security personnel are available round-the-clock to assist residents in an emergency. Furthermore, the building has a fire alarm system and smoke detectors installed in all apartments to ensure the safety of residents in case of a fire.
Moreover, residents of The Residence Tower 1 can enjoy a lavish lifestyle with multiple amenities and facilities. Specifically, the building provides residents with a comfortable and safe living environment, making it an ideal choice for those who want to live in Downtown Dubai.
Lifestyle and Community
Dining and Entertainment
The Residence Tower 1, Downtown Dubai, offers its residents numerous dining and entertainment options. The area is known for its vibrant urban life, with plenty of restaurants and cafes within walking distance. Residents can enjoy diverse cuisines, from traditional Emirati dishes to international cuisine. Plenty of entertainment options are nearby for those looking for a night out, including cinemas and theaters.
Shopping and Retail
The Residence Tower 1, Downtown Dubai, is in one of the city’s most popular shopping districts. Residents can access various shopping options, from luxury brands to local boutiques. The Dubai Mall, one of the largest shopping malls in the world, is just a short distance away. The mall features numerous stores, including high-end fashion brands, electronics stores, and supermarkets.
Education and Nurseries
For families with children, The Residence Tower 1, Downtown Dubai, offers a variety of education and nursery options. Several nurseries and preschools are located nearby, providing quality education for young children. The area also has several reputable schools, both public and private, providing education for children of all ages.
Overall, The Residence Tower 1, Downtown Dubai, provides its residents with a vibrant and diverse lifestyle. With various dining, entertainment, shopping, and education options, residents can enjoy all the advantages of urban living.
Property Management
Maintenance Services
The Residence Tower 1, Downtown Dubai, prides itself on providing top-notch maintenance services to ensure the comfort and convenience of its residents. The building management team ensures that all common areas are clean, well-maintained, and safe for residents and guests. They also oversee the maintenance of individual units, including plumbing, electrical, and HVAC systems. In addition, The Residence Tower 1 offers 24/7 emergency maintenance services to ensure prompt resolution of any issues.
Concierge and Guest Services
The Residence Tower 1 offers exceptional concierge and guest services to ensure residents and guests have a pleasant and hassle-free experience. The building’s concierge is available 24/7 to assist with various services, including restaurant reservations, transportation arrangements, and ticket bookings. The concierge team can assist with mail and package delivery, laundry and dry cleaning, and pet care services.
For guests, The Residence Tower 1 offers a dedicated guest services team that can assist with everything from airport transfers to sightseeing tours. The guest services team can also recommend local attractions, restaurants, and shopping destinations.
Pet-Friendly
The Residence Tower 1 is a pet-friendly building, and the management team is devoted to ensuring that pets and their owners feel welcome and comfortable. The building offers a range of pet-friendly amenities, including a designated pet area, pet grooming, and pet-sitting services. The building’s management team is also available to assist with any pet-related issues or concerns residents may have.
In conclusion, The Residence Tower 1, Downtown Dubai, offers exceptional property management services, including maintenance, concierge, and guest services. The building’s commitment to providing top-notch services and amenities ensures residents have a comfortable and hassle-free living experience.
Investment Potential
Rental Trends
The Residence Tower 1 in Downtown Dubai is a well-liked choice for investors looking to buy property in Dubai. The tower offers a range of 1, 2, and 3-bedroom apartments, which are in high demand among expats and locals alike. The rental trends for The Residence Tower 1 have been consistently positive over the years, with a steady increase in rental prices. As of 2024, the average rental price for a 1-bedroom apartment in The Residence Tower 1 is AED 100,000 per annum, while a 2-bedroom apartment can fetch up to AED 150,000 per annum.
Sale Trends
For those wishing to purchase real estate in Dubai, The Residence Tower 1 is a fantastic investment option. The tower offers a range of apartments with different sizes and layouts, which makes it an attractive option for investors with various budgets. The sale trends for The Residence Tower 1 have been consistently positive over the years, with a steady increase in property prices. As of 2024, the average sale price for a 1-bedroom apartment in The Residence Tower 1 is AED 1,500,000, while a 2-bedroom apartment can fetch up to AED 2,500,000.
Rental Yield
The rental yield for Residence Tower 1 is also quite attractive, making it a great investment option for those looking for a steady rental income. The yield ranges from 6% to 8%, based on the size and layout of the apartment. This means that investors can anticipate earning a rental income of AED 60,000 to AED 200,000 per annum, depending on the size and layout of the apartment.
Investors should also note that the rental trends and sale trends for The Residence Tower 1 are subject to market fluctuations and may change depending on the current market conditions. It is also important to note that the investment potential of The Residence Tower 1 may vary depending on the vacancy rates and the negotiability of the rental prices and sale prices. However, The Residence Tower 1 is a great investment opportunity for those looking to invest in Dubai’s real estate market.
Developer Information
About Emaar Properties
Emaar Properties is a prominent real estate developer based in Dubai, United Arab Emirates. Established in 1997, the company has developed several iconic projects in Dubai and worldwide. Emaar Properties is known for its innovative and sustainable developments that offer a luxurious lifestyle to its residents.
Portfolio and Reputation
Emaar Properties has an impressive portfolio of projects that includes residential, commercial, hospitality, and retail developments. For instance, the company has developed several iconic projects in Dubai, such as Burj Khalifa, the tallest building in the world, and The Dubai Mall, the largest shopping mall in the world.
Moreover, Emaar Properties is known for delivering high-quality projects that offer residents a luxurious lifestyle. Additionally, the company is dedicated to sustainability and has initiated several measures to reduce its carbon footprint. Furthermore, Emaar Properties has won several awards for its projects and has been recognized for its contributions to the real estate industry.
In summary, Emaar Properties is a leading real estate developer with several iconic projects in Dubai and worldwide. The company is well-known for producing top-notch projects that provide people with an opulent lifestyle and are committed to sustainability.
Buying and Renting
Available Listings
The Residence Tower 1 in Downtown Dubai offers numerous apartments for sale and rent. Bayut is a reliable source for finding available listings in this tower. Here are some of the available options:
- 1-Bedroom Apartments: These apartments typically have a floor area ranging from 957 to 1,448 square feet. They are ideal for singles, couples, or small families.
- 2-Bedroom Apartments: These apartments range from 1,452 to 2,000 square feet and are perfect for small—to medium-sized families.
- 3-Bedroom Apartments: These apartments have a floor area of around 2,000 to 3,000 square feet. They are suitable for larger households or those who require more space.
All The Residence Tower 1 apartments are furnished and have modern amenities. They are also well-maintained and have a contemporary design.
Process and Documentation
Buying or renting an apartment in The Residence Tower 1 is straightforward. Here are the essential steps:
Buying an Apartment
- Choose an apartment that meets your requirements and budget.
- Contact the seller or real estate agent to arrange a viewing.
- If you like the apartment, submit an offer to the seller.
- Once the offer is accepted, pay a deposit to secure the apartment.
- Get the required paperwork ready, such as copies of your Emirates ID, passport, and visa.
- Sign the sales agreement and transfer the ownership.
Renting an Apartment
- Browse through the available listings on Bayut and choose an apartment that meets your needs.
- Contact the landlord or real estate agent to arrange a viewing.
- If you like the apartment, submit an offer to the landlord.
- Once the offer is accepted, pay a security deposit and sign the tenancy agreement.
- Get the required paperwork ready, such as copies of your Emirates ID, passport, and visa.
It is worth noting that new properties in The Residence Tower 1 are in high demand. Therefore, acting fast when you find a property that meets your requirements is advisable.
Resident Experience
Testimonials
Residents of The Residence Tower 1 in Downtown Dubai have expressed their satisfaction with the urban lifestyle offered by the building. They appreciate the convenience of having amenities like a gym and swimming pool within the building. The safety features, including 24-hour security and CCTV cameras, provide peace of mind for residents.
One resident stated, “Living in The Residence Tower 1 has been a great experience. The building has everything I need to maintain a healthy lifestyle, and the staff is always friendly and helpful.” Another resident added, “The building’s conference room and event space have been a great resource for me to host meetings and events.”
Community Events
Frequently Asked Questions
What amenities are offered at The Residence Tower 1 in Downtown Dubai?
The Residence Tower 1 in Downtown Dubai offers multiple amenities to its residents, including:
- 24-hour security
- Covered parking
- Swimming pool
- Gymnasium
- Sauna and steam room
- Children’s play area
- Concierge service
What are the usual rental prices for apartments in The Residence Tower 1?
The usual rental prices for apartments in The Residence Tower 1 vary depending on the size and type of the apartment. As of June 2024, the average rental prices are:
- Studio apartments: AED 75,000 per year
- 1-bedroom apartments: AED 100,000 to AED 130,000 per year
- 2-bedroom apartments: AED 150,000 to AED 200,000 per year
How can one inquire about available apartments for rent or sale in The Residence Tower 1?
To inquire about available apartments for rent or sale in The Residence Tower 1, contact a reputable real estate agent or visit online platforms such as Bayut or Property Finder.
What is the completion date of The Residence Tower 1 in Downtown Dubai?
The Residence Tower 1 in Downtown Dubai was completed in 2008.
What types of apartments are available in The Residence Tower 1?
The Residence Tower 1 offers a variety of apartments to suit different needs and preferences, including:
- Studio apartments
- 1-bedroom apartments
- 2-bedroom apartments
- 3-bedroom apartments
Are any recent reviews available for The Residence Tower 1 in Downtown Dubai?
As of June 2024, recent reviews have yet to be available for The Residence Tower 1 in Downtown Dubai. However, the tower has a good reputation among residents and is known for its prime location and excellent amenities.
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