Crown Residence
About the project
(sq. ft.)
Crown Residence, also known as Crown Time Residence, is a 10-storey residential complex located in Barsha Heights (Tecom), Dubai. The project was developed by Gulf General Investment Company and launched under the name Time Oak Residence; however, it was later renamed.
Residents can enjoy a variety of amenities, including:
- Covered parking
- High-speed elevators
- Air conditioning
- 24-hour security with video surveillance
- Gym and fitness centre
- Swimming pools
- Spa
Properties include one- and two-bedroom apartments, and units are fully equipped with all of the amenities needed for a comfortable stay. One-bedroom apartments range in size from 900 sq. ft (84 sq. m) to 1,100 sq. ft (102 sq. m), and the average size of a two-bedroom apartment is 1,033 sq. ft (96 sq. m).
The average rental rate for a one-bedroom apartment is AED 50,000 (USD 13,600), per year, and the annual rental rate for a two-bedroom apartment ranges from AED 60,000 (USD 16,300) to AED 70,000 (USD 19,000).
*The price is valid for 2021
Location
Crown Residence is conveniently located near several major highways. The closest bus stop is situated within a four-minute walk of the complex, and a bus station can be reached within six minutes. The nearest Metro stations are Mashreq, Dubai Internet City, and Nakheel. Residents can also quickly travel around with personal vehicles and cabs.
The area offers a wide selection of cafes and restaurants located within 10 minutes of the apartments, including:
- Bert’s Cafe
- Cafe Bateel
- BRISK
- Gourmet Grove Dubai
- Arrows and Sparrows Cafe
For groceries, residents can go to Blue Mart, Carrefour, Day Mart, ZOOM, and Pearl Mart. The closest supermarket, Carrefour, can be reached within five minutes of the complex and features fresh produce and household goods.
Residents have quick access to nearby schools, pharmacies, banks, kindergartens, medical facilities, and entertainment venues. The Dubai Marina Walk is situated within seven kilometres of the apartments and features offers restaurants, boutiques, and recreational facilities.
Payback
Apartments located in Barsha Heights have a return on investment rate of 7.67%, which is considered to be high for residential units in Dubai.
Crown Residence is located in an area with convenient transportation options and a well-developed infrastructure. Properties are ideal for families with children and professionals working in the area. Real estate investors are attracted to the complex due to its range of amenities and well-designed accommodations.
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Metropolitan Premium Properties
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[email protected]
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+971 4 428 6151
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36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
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