Park Towers
About the Project
(sq. ft.)
Park Towers is an apartment complex consisting of two separate buildings: Park Tower 1 with 49 floors and Park Tower 2 with 50 floors. It was launched in 2007 and was completed in 2011. The project’s architect was Gensler MDS Architects, and it was implemented by Ascott The Residence, an international construction company.
Park Towers and its surrounding community offer a variety of amenities, including:
- Barbecue area
- Tennis court
- Parking for 2,300 vehicles
- Gym
- Temperature-controlled swimming pool
- Jacuzzi, steam baths, and several saunas
- 24-hour security
Apartments feature soundproofing and have central air conditioning. Residents must pay an air conditioning fee, which depends on the conditions stated in the rental agreement.
Park Towers has one, two, and three-bedroom apartments, as well as modern commercial and retail spaces with high-speed Internet access. The starting price for a one-bedroom apartment with 66 sq. m. (710 sq. ft.) is AED 900,000 (USD 245,000).
*The price is valid for 2021
Location
Park Towers is located within a short walk of the Dubai International Convention and Exhibition Centre and the Dubai International Financial Centre.
Park Towers is conveniently situated near the following popular restaurants.
- Tony Roma’s is a steakhouse chain known for its delicious ribs, onion bread, and Romarita drinks.
- Celsius is a Mediterranean and European restaurant, which is located on the mezzanine of the Voco Hotel on Sheikh Zayed Road within a 2-minute drive of the complex.
- The Stables Bar & Restaurant is a lively British-themed pub famous for its traditional stable-style interiors, weekly quiz night, and acoustic music. They serve up British classics, such as sausage with mashed potatoes, brisket, and blueberry pancakes with ricotta.
Park Towers is also located near many world-famous attractions and leisure centres, including:
- Dubai Aquarium (1.3 km)
- The Dubai Mall (1.3 km)
- Dubai Ice Rink (1.4 km)
- Kidzania Theme Park (1.6 km)
- Fountains at Dubai Mall (1.6 km)
- Souk Al Bahar (1.7 km)
- Etihad Museum (3.7 km)
- Dubai Bowling Centre (4.5 km)
Payback
The average annual rental cost for a one-bedroom apartment at Park Towers is AED 80,000 (USD 22,000). Already this year, the return on investment rate has reached 5.8%. This implies that the estimated annual net profit from the rental of one-bedroom apartments in this residential complex is approximately AED 76,000 (USD 21,000).
*The price is valid for 2021
Similar Projects
Metropolitan Premium Properties
-
[email protected]
-
+971 4 428 6111
-
36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
Get A Free Consultation
Ready for your new home?Popular Searches in the UAE
Our newsletter
Sign up for our weekly newsletter for market updates!