The Diamond Tower
About the project The Diamond Tower
(sq. ft.)
The Diamond Tower is a 14-storey residential complex located in Dubai Sports City. The project was developed by the First Group. There are a total of 128 residential units, including studios and one- to two-bedroom apartments.
Studios have bathrooms, built-in wardrobes, and kitchen areas. Some studios also have balconies and storage rooms.
Apartments have semi-open kitchens, spacious balconies, walk-in wardrobes, and shared bathroom facilities. Some apartments also have pantries and additional balconies. Apartments come fully furnished.
The complex provides a variety of amenities and services, including:
- Covered parking
- High-speed lifts
- 24-hour security
- Smart card access
- Central air conditioning
- Gym
- Swimming pool with a terrace
- Spa and sauna
- 24-hour concierge services
Properties range in size from 380 sq. ft. to 1,225 sq. ft. and range in price from AED 400,000 (USD 109,000) to AED 790,000 (USD 215,000).
*The price is valid for 2021
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Property Information
- Location Dubai Sports City, Dubai, UAE
- Status of Project Ready
- Type of Project Residential Building
- Units 1-2BR
- Area from 380 sq. ft.
- Total Amount of Units 128
Location
The nearest bus stop, Golf Tower, is located within a five-minute walk of the residences, and Dubai International Airport can be reached within a 30-minute drive.
There are several nearby social and leisure facilities, including:
- Sticky Rice, Shawarma Al Karmel, and Wagamama Restaurant
- Al Maya Supermarket, Aswaaq, Tudomart, Cistys, and Spinneys
- Royal Grammar School and Renaissance School
- The Wonder Years and Kinder Castle Nursery
- Mediclinic Parkview Hospital
- Calida Basketball Court
- Eisbej Park, Qesad Park, and Dhafar Park
The complex is situated within a five- to 10-minute drive of many popular destinations, including:
- The Els Club, a golf club with food and entertainment
- Dubai International Stadium, a stadium that hosts international cricket matches, concerts, festivals, and events with a capacity for 25,000 spectators
- Dubai Autodrome, a complex with a 5 km motor racing track, a racing school, and a business park
Payback
Dubai Sports City is an area that is particularly popular among athletes and sports fans. It is home to several prominent sports facilities, fitness centres, and stadiums. It is an ideal place for people looking to have an active and healthy lifestyle. The community is located near Al Khail Road and Hessa Street, which provide easy access to other parts of Dubai.
Properties at the Diamond Tower have a return on investment rate that ranges from 6% to 7%. Units have an annual rental rate that ranges from AED 42,000 (USD 11,000) to AED 69,000 (USD 19,000), and the estimated payback period ranges from 15 to 18 years.
*The price is valid for 2021
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