Union Residence 1
About the project
(sq. ft.)
Union Residence 1 is a six-storey residential complex located in Dubai Investments Park, a community with a well-developed infrastructure. The project was developed by Union Properties in 2009, and it is part of Union Residence, a two-tower complex.
Properties include studios and one- to three-bedroom apartments that are available to buy and rent. Units come with furniture and appliances. One-bedroom apartments have bathrooms, living areas, and kitchens. Units also have balconies with beautiful views of the surrounding area. Two-bedroom apartments have two or more bathrooms.
The complex provides a variety of amenities and services, including:
- Fitness Centre
- Modern gym
- Landscaped gardens
- Open green spaces and lakes
- Children’s playground
- Squash court
- High-speed elevators (two passenger and one cargo)
- Technical staff
- Security service and video surveillance
- Free parking with space for hundreds of vehicles
- Swimming pool
- Two steam rooms and one Finnish bath
- Luxurious sauna
- Conference hall for official events and business meetings
- Pet-friendly accommodations
Studios have a minimum size of 46 sq. m (500 sq. ft.), and one-bedroom apartments have a minimum size of 92 sq. m (1,000 sq. ft.).
Property Information
- Location Dubai Industrial Park, Dubai, UAE
- Developer Sobha
- Status of Project Ready
- Type of Project Residential Building
- Units Studios - 3BR Apartments
- Area from 500 sq. ft.
Location
Union Residence 1 is located at the intersection of Sheikh Mohammed Bin Zayed Road and Yalayis Street, which provides direct access to other important districts and destinations in Dubai. Residents can easily travel around using personal vehicles and public transportation. The nearest bus stops, Union Residence 1 and Union Residence 2, can be reached within a five-minute walk of the complex, and bus routes include F47, F48, and F51.
Residents can choose from a selection of local restaurants. Hengchen, Arabian Grill, Cucina Italian Kitchen, Emir Turkish Restaurant, SOBO, Nawab Authentic Indian Restaurant, and Pizza Hut are situated within a 10- to 15-minute drive of the building. For groceries and household goods, residents can shop at Afsha Mini Mart, Choithrams, and Yass Supermarket, which is located within a five- to 10-minute drive.
The complex is situated within a short drive of several popular destinations, including:
- Ramla Mall and Choithrams – 10 minutes
- Dubai Sports City – 20 minutes
- Shoppers Mall, Discovery Gardens, and Al Manara Building – Themar 1 – 25 minutes
- Al Maktoum International Airport – 35 minutes
- Dubai International Airport – 40 minutes
Payback
Union Residence 1 offers many profitable real estate investment opportunities. One-bedroom apartments are the most popular units among owners and renters. The average annual rental rate for a one-bedroom apartment is AED 36,000 (USD 10,000), and units have a return on investment rate of 5.7%.
*The price is valid for 2021
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