VIDA Residences
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VIDA Residences

Buying Property in VIDA Residences by Emaar

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About VIDA Residences

VIDA Residences is a triangular 57-story tower consisting of 300 luxury apartments each with 1-4 bedrooms, overlooking the Dubai Marina Yacht Club and the skyline of modern Dubai. The complex is located in one of the key areas of the emirate of Dubai Marina. At the moment the complex is under construction.

Owners can take advantage of the elite amenities in this complex, which include:

  • swimming pool with adjustable temperature;
  • silent high-speed elevators;
  • modern fitness room;
  • spa;
  • sunbathing area;
  • sauna and hammam;
  • lounge area;
  • conference room;
  • children’s play area;
  • underground parking.

There is a concierge and twenty-four-hour security service for the residents of the complex.

The price

There are several types of apartments from 1 to 4 bedrooms. They offer breathtaking views of the bay and are located near the Yacht Club Dubai Marina.

Property sizes range from 76 sq.m. to 193 sq.m. All suites include an equipped bathroom, kitchen, living room connected to the dining room and a walk-in closet. The cost of housing starts from AED 1,450,000 (USD 395,000).

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Location

VIDA Residences is located on the waterfront of Dubai Marina. One of the major thoroughfares of Dubai, Sheikh Zayed Road, is located 10 minutes away. Such a location allows for a 15-minute drive to attractions such as Dubai Marina Mall and Jumeirah Beach.

The nearest metro station is Sobha Realty Metro Station. There are several streetcar stops within a 5-minute walk.

Near the residential complex there are high level international schools such as Sunmarke School, Dubai British School Jumeriah Park and Regent International Private School. Teaching in these schools is conducted in English.

The area is full of entertainment areas and attractions. A 10 minute drive from the famous man-made island of Palm Jumeirah, where in addition to the beach and a variety of resort activities there are several water parks, Atlantis and Aquaventure, as well as the Dolphin Bay. On the other side is another attraction, the Ferris wheel, Ain Dubai, which is the highest in the world. The bay has plenty of entertainment for both children and adults, a yacht club, recreational areas and bicycle paths.

Payback

Dubai Marina is a promising development area located on the shores of this man-made bay. Construction of skyscrapers began back in the 2000s and continues to this day. In addition to the residential towers in the areaimportant infrastructure facilities were also built, a streetcar line and metro station, as well as a large-scale shopping center Dubai Marina Mall.

The Emaar company plans to build more than 200 skyscrapers up to 300 meters high on the Marina. When completed, Dubai Marina could become the largest man-made marina in the world.

The average annual rent in the area for the last month was AED 88,584 (USD 24,117). The average return on investment is 5.6-6%. With these returns, the purchase of apartments in VIDA Residences is a promising long term investment. Such real estate is suitable for both expats living here and tourists staying in the country.

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