The Residence Tower 5 is a luxurious residential apartment in Downtown Dubai, Dubai. It is one of the nine towers in The Residences that Emaar Properties, a prestigious name in the industry, constructed. The tower stands 400 feet tall and has 34 floors. The tower, completed in 2007, offers a diverse selection of apartments in Downtown Dubai, featuring luxurious units with top-notch amenities. The floor plans range from 1 to 3 bedrooms, with each suite uniquely designed to meet the needs of its residents.
The tower, also known as the E2 Tower, is a popular choice for those seeking a luxurious lifestyle in the heart of Dubai. Residence Tower 5 offers stunning views of the Burj Khalifa, the world’s tallest building, and the Dubai Fountain. The tower is located near a variety of restaurants, cafes, and shopping centers, making it ideal for those who enjoy city living.
Residents of The Residence Tower 5 can enjoy numerous amenities, including a pool, gym, and 24-hour security. The tower also offers covered parking, concierge services, and maintenance services. With its superb location and lavish amenities, The Residence Tower 5 is a popular choice for those seeking a high-end lifestyle in Downtown Dubai.
Overview of The Residence Tower 5
Residence Tower 5 is a 34-storey residential building in Downtown Dubai, developed by EMAAR Properties. It offers multiple one, two, and three-bedroom apartments ranging from 377 sq. ft. to 5,324 sq. ft. The tower boasts high-speed elevators for convenient access to various levels.
Location and Accessibility
Residence Tower 5 is situated in the heart of Downtown Dubai, one of the city’s most popular areas. It is conveniently located near the Burj Khalifa, Dubai Mall, Business Bay, and Sheikh Mohammed Bin Rashid Boulevard. The tower offers easy access to public transportation, including the Dubai Metro, making it easy for residents to travel around the city.
Property Types and Sizes
The Residence Tower 5 offers a variety of property types and sizes to cater to different needs. The tower consists of 1, 2, and 3-bedroom apartments, ranging from 377 sq. ft. to 5,324 sq. ft. The apartments are designed with spacious living areas, high-quality finishes, and modern amenities.
Amenities and Features
Residence Tower 5 offers various lifestyle amenities that cater to multiple interests. The property features play areas and a daycare center for parents with children. Meanwhile, book enthusiasts can take advantage of the library. The tower also features a swimming pool, fitness center, and 24-hour security.
Residents of The Residence Tower 5 can enjoy stunning views of Downtown Dubai, including the Burj Khalifa and Dubai Mall. The tower is superb, facilitating access to a variety of shopping, dining, and entertainment options.
Overall, The Residence Tower 5 is an excellent choice for those looking for a luxurious and convenient lifestyle in the heart of Dubai.
Apartments and Pricing
Apartment Layouts
The Residence Tower 5 in Downtown Dubai offers several spacious and well-designed apartments in different layouts, including one, two, and three-bedroom apartments. Each apartment has modern amenities and facilities to provide residents with a comfortable lifestyle. The apartments have large windows that offer natural light and a stunning view of the surrounding areas.
Pricing Range
The Residence Tower 5 offers apartments at different price points to cater to residents’ diverse needs. The prices of apartments in The Residence Tower 5 range from AED 135,000 to AED 190,000 per year, depending on the apartment’s size, layout, and view. The Residence Tower 5 offers affordable apartments that provide residents with excellent value for their money.
View and Size
The apartments in Residence Tower 5 are designed to offer residents a stunning view of the surrounding areas. They have large windows that provide a breathtaking view of the Dubai skyline. The apartments are also spacious, with master bedrooms providing ample space to relax and unwind.
In summary, The Residence Tower 5 offers a range of spacious and well-designed apartments that cater to the diverse needs of residents. The apartments come in different layouts, including one, two, and three-bedroom apartments. The prices of apartments in The Residence Tower 5 range from AED 135,000 to AED 190,000 per year, depending on the apartment’s size, layout, and view. The apartments have large windows that provide a stunning view of the surrounding areas and are designed to provide occupants with a comfortable lifestyle.
Lifestyle and Living Experience
Residential Atmosphere
The Residence Tower 5 in Downtown Dubai offers families and individuals a luxurious and sophisticated lifestyle. The tower features spacious and elegantly designed apartments perfect for those who desire an upscale living experience. The residential atmosphere is peaceful and quiet, providing residents with a tranquil environment to unwind after a long day.
Nearby Educational Facilities
For families with children, The Residence Tower 5 is conveniently located near several educational facilities. JSS Private School is just a short drive away, offering quality education for children of all ages. Several nurseries are also located in the area, providing parents with a variety of options.
Shopping and Dining
The Residence Tower 5 is in the heart of Downtown Dubai, providing residents with easy access to numerous shopping and dining options. The Dubai Fountain and Burj Plaza are just a short walk away, offering various entertainment options for residents and visitors alike. For those who prefer to cook at home, Spinneys is located nearby, providing residents with access to fresh and high-quality groceries.
Overall, The Residence Tower 5 in Downtown Dubai offers a lavish and convenient lifestyle for those who desire an upscale living experience. A comfortable and satisfying lifestyle in the center of Dubai is possible for residents because to the property’s excellent location, large apartments, and close proximity to facilities.
Amenities and Services
Fitness and Recreation
Residence Tower 5 offers its residents a fully equipped gymnasium where they can work out and stay fit. The gym is equipped with state-of-the-art equipment and is maintained regularly to ensure that the equipment is in good working condition. Additionally, residents can enjoy a refreshing swim in the property’s outdoor pool.
Security and Maintenance
Residence Tower 5 takes the security and maintenance of its residents seriously. The property has 24/7 security and surveillance cameras, ensuring residents feel safe and secure. The building’s maintenance staff is always on hand to address issues and ensure the property is clean and well-maintained.
Parking and Transportation
There is plenty of parking available for residents of Residence Tower 5, so they never have to worry about running out of places to leave their cars. The property also offers transportation services, making it easy for residents to get around the city. The building’s staff is always available to assist residents with any transportation needs, whether arranging a taxi or booking a rental car.
Overall, Residence Tower 5 provides its residents with various amenities and services designed to make their lives easier and more comfortable. From the fully equipped gym and outdoor pool to the 24/7 security and ample parking, residents can enjoy a lavish lifestyle in the heart of Downtown Dubai.
Investment Potential
Rental Yields
The Residence Tower 5 in Downtown Dubai offers a spectacular investment opportunity for those looking to enter the rental market. The tower has several 1, 2, and 3-bedroom apartments catering to a wide range of tenants. The tower’s prestigious location, high-end amenities, and stunning views of the Dubai skyline and the Arabian Gulf make it an attractive option for renters.
Investors can expect to earn rental yields ranging from 4.5% to 5.95%, depending on the property’s size, location, and amenities. The rental yields are competitive compared to other properties in the area, making it a superb investment choice for anyone wishing to make a passive income.
Property Value Trends
Residence Tower 5 is a well-established residential complex that was completed in 2007. It is part of the larger Residence complex, which consists of nine towers. The tower’s location in Downtown Dubai, one of the most sought-after areas in the city, has contributed to its steady property value appreciation over the years.
Investors can expect the property values to continue to appreciate in the future due to the high demand for properties in Downtown Dubai. However, it is essential to note that property values are subject to market fluctuations.
Demand and Supply
Reviews and Testimonials
Resident Feedback
Residents of The Residences Tower 5 in Downtown Dubai have provided positive feedback and testimonials about their experience living in the tower. Here are some of the key points that have been mentioned:
- The tower’s location is very convenient, with easy access to shopping, dining, and entertainment options.
- The apartments are spacious and well-maintained, with modern amenities and high-quality finishes.
- The views from the apartments are stunning, with many units offering panoramic views of the Dubai skyline and the Burj Khalifa.
- The building amenities, such as the swimming pool and fitness center, are well-maintained and provide a great place to relax and unwind after a long day.
Expert Opinions
Experts in the real estate industry have also reviewed The Residences Tower 5 and provided their opinions on the building. Here are some of the key points that have been mentioned:
- The tower is well-designed and offers a high level of luxury and comfort for residents.
- The tower’s location is one of its biggest selling points. It is situated in the heart of Downtown Dubai and provides easy access to all the area’s amenities.
- The building amenities are top-notch and provide residents with everything they need to live a comfortable and convenient lifestyle.
Overall, reviews and testimonials for The Residences Tower 5 in Downtown Dubai have been overwhelmingly positive, with residents and experts praising the building for its location, amenities, and overall quality.
Frequently Asked Questions
What are the typical rental prices for apartments in The Residence Tower 5?
- The typical rental prices for apartments in The Residence Tower 5 vary depending on the size and type of the unit.
- One-bedroom apartments typically rent around AED 100,000 annually, while two-bedroom apartments can range from AED 150,000 to AED 200,000 annually.
- Three-bedroom apartments may be rented for AED 250,000 or more per year.
- It is important to note that rental prices may fluctuate based on market conditions.
How do the amenities of The Residence Tower 5 compare to other downtown properties?
- The Residence Tower 5 offers a range of amenities comparable to other luxury properties in Downtown Dubai.
- Residents can enjoy access to a swimming pool, fitness center, and 24-hour security.
- The building also offers concierge services, covered parking, and a children’s play area.
- The Residence Tower 5 is close to Dubai Mall and other popular attractions, making it an ideal choice for those who want to live in the city’s heart.
What types of apartments are available for sale in The Residence Tower 5?
- The Residence Tower 5 offers a variety of apartments for sale, including one, two, and three-bedroom units.
- Modern conveniences and premium finishes are incorporated into every apartment’s design.
- Some units offer stunning views of the Burj Khalifa and Downtown Dubai skyline.
- Interested buyers can contact a real estate agent or visit the building’s website for more information.
Can you provide the exact address and contact details for The Residence Tower 5?
- The Residence Tower 5 is located in Downtown Dubai, close to Dubai Mall and other popular attractions.
- You can obtain the exact address and contact details by visiting the building’s website or contacting a real estate agent.
What have been the recent trends in property values for The Residence Tower 5?
- The property values for The Residence Tower 5 have remained relatively stable over the past few years.
- However, like all real estate investments, property values may fluctuate based on market conditions.
- Interested buyers and sellers should consult a real estate agent to obtain the most up-to-date information on property values.
Are there any unique features of The Residence Tower 5 distinguishing it from other downtown residences?
- The Residence Tower 5 offers a unique combination of luxury amenities and a convenient location.
- Residents can enjoy exceptional views of the city’s iconic landmarks while accessing many shops, restaurants, and entertainment options.
- The building’s modern design and high-quality finishes make it a standout choice for those who want to live in style and comfort in the heart of Dubai.
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