The Residences is a premium residential project by developer Emaar Properties and architectural firm Woods Bagot UAE. It is located in Downtown Dubai and consists of nine towers with varying numbers of floors (from 24 to 41). It was commissioned in 2007. There are 1056 apartments and 29 penthouses in the complex.
Living quarters are equipped with panoramic windows overlooking the skyscraper Burj Khalifa and Dubai Fountain, as well as the city park Burj Park by Emaar. There are often concerts and festivals in the open air there.
Residents have access to the following facilities in the complex:
Penthouses and 1-3-bedroom apartments with 915-3080 square feet are available for sale. The properties feature an abundance of light and a spacious floor plan. Each unit features a large balcony. Homes are priced from AED 1,100,000 (USD 299,500).
The complex is located in the heart of the emirate, in the area of Downtown Dubai. Here the key attractions of the city are located, attracting tourists from all over the world from the Burj Khalifa Tower and Dubai Fountains to the Dubai Opera Theater.
Also here the largest shopping center in the world, Dubai Mall, is located, where there are boutiques from the best world brands, a multiplex cinema, entertainment centers, food courts, and an ice skating rink.
Due to its central location, the journey to any part of Dubai takes no more than 30 minutes by car.
DXB airport is a 15-minute drive away and Jumeirah Beach is just a 10-minute drive away.
Business Bay Metro Station and Burj Khalifa Metro Station are a 10-minute walk away.
There are supermarkets, beauty salons, restaurants, kindergartens and a medical center within walking distance of the complex.
The Residences is characterized by an extensive selection of properties and the availability of modern amenities. The building was fully completed in 2007 so you can move into or rent the property immediately after purchase.
The main advantage of the complex is its location. The Residences community is located in the center of Dubai, surrounded by cafes, restaurants, clubs, entertainment venues and tourist attractions. It also houses representative offices of many foreign companies, business centers and co-working spaces, which will be very convenient for business people.
Thanks to all this, the real estate in The Residences can be used for both personal and investment purposes. The profitability of the project is estimated at 5.92%. The average long-term rent for a one-bedroom apartment here is AED 95,000 (USD 25,650), while a two-bedroom apartment is AED 140,000 (USD 37,800).
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