Located in Downtown Dubai, The Residence Tower 1 is a residential building developed by Emaar Properties. Construction of the project started in 2004 and completed in 2007. The building offers views of Burj Khalifa and provides 1, 2 and 3-bedroom apartments. It features gym, swimming pool, steam room, sauna, jacuzzi, squash courts and a kids’ play area.
Downtown Dubai is one of the most iconic areas of the city as it houses landmarks like Burj Khalifa and The Dubai Mall. The community hosts various events throughout the year. The area is also a hotspot for tourists. It also houses various luxury high-rise buildings with apartments for rent and sale.
Parking in The Residence Tower 1 is allotted to every apartment as per its size. There are four levels of parking in the building.
High-speed elevators in The Residence Tower 1 provide hassle-free movement in the building.
The security staff of the building monitors it using CCTV cameras. It also has maintenance staff for quick fixes.
There is a community lawn that can be used for family gatherings and parties. The building also has a conference room for meetings and other formal events.
There is a swimming pool, sauna, steam room, jacuzzi and gym in The Residence Tower 1. All these facilities have modern equipment and accessories.
Children can enjoy outdoor activities in the dedicated kids’ play area. There is also a squash court for adults.
There is a lobby in the building where guests can wait for their host.
Pets are allowed in the building.
Fire extinguishers are installed throughout the building for the safety of guests and residents.
The Residence Tower 1 is a residential building in Downtown Dubai. There are different types of units in the building available for rent as well as sale.
1-bedroom apartments in The Residence Tower 1 have an area of 915 sq. ft. These units have an attached bathroom and a powder room. They also have a fitted kitchen, built-in wardrobes, marble floors and a balcony.
2-bedroom apartments in The Residence Tower 1 have an area of 1,452 sq. ft. to 1,629 sq. ft. These units have a spacious balcony connected to the living room. They have has two attached bathrooms and a guest bathroom. These apartments come with a close-styled kitchen and marble floors.
3-bedroom apartments in The Residence Tower 1 are situated on the upper floors of the building. They have an area of 2,081 sq. ft. to 2,599 sq. ft. They feature a spacious dining area and a fully fitted kitchen. The living area is connected to the balcony offering views of Burj Khalifa and the Dancing Fountain. These units also have a maid’s room and laundry area.
According to Bayut, 1-bed apartments in The Residence 1 enjoy the highest popularity. They are followed by 2-bedroom flats in the second spot. 3-bedroom flats take up the third position on the list.
2-bedroom flats offer the highest ROI in The Residence 1 of 6.44%. 3-bedroom flats generate about 5.68% return on investment. 1-bed apartments offer an ROI of about 5.49%.
SERVICE CHARGES | PRICE PER SQ. FT. IN AED |
---|---|
Services | 3.76 |
Maintenance | 2.67 |
Utilities Services | 4.92 |
Management Services | 1.09 |
Insurance | 0.33 |
Master Community | 2.69 |
Adjustment | 0.6 |
Total | 16.06 |
These figures are based on the services charges for The Residence Tower 1* as per the Dubai Land Department.
Service charges in Dubai vary from one community to another, read up on the service charges guide if you are interested in buying a property in Dubai.
*These charges are subject to change.
There is no shortage of transportation near The Residence Tower 1 Dubai. Residents of the building can use buses, metro and cabs.
Clover Bay Tower 1 Bus Stop and The Binary Tower Bus Stop are 5 minutes away from the building whereas Burj Khalifa, The Palace Hotel Bus Stop is at a 7-minute distance from the location.
Various metro stations are located under a 10-minute drive from the building. Business Bay Metro Station and Burj Khalifa/ The Dubai Mall Metro Station are 6 minutes away from the building. Emirates Tower Metro Station is a 10-minute distance from the tower.
Popular restaurants near The Residence Tower 1 are:
Different restaurants are located near the building. Fuego is an 8-minute distance from the location. Asado Restaurant is 9 minutes away and offers Argentinian cuisine. Ewaan is famous for Middle-Eastern food and is also a 9-minute drive from the tower.
Fine dining restaurants in Downtown Dubai near The Residence Tower 1 are:
Fine dining restaurants are a few minutes away from the tower. Tong Thai is a 7-minute drive from the location and offers Thai food. Bice Mare provides delicious Seafood and is 9 minutes away. Tresind Dubai is a 16-minute distance from the location.
Supermarkets in the area include:
Different supermarkets are located near the building. Al Maya Supermarket is 5 minutes away. Carrefour is a 6-minute drive from the location. Choithrams Bay Square is a 7-minute distance from the tower. All of them are ideal for buying groceries and other routine items.
There are various schools near the building including Eman School System, GEMS Wellington Primary School, JSS Private School and Hartland International School Dubai.
Buildings near The Residence Tower 1 include Westbury Residence, Attareen, Windsor Manor and West Wharf Tower.
Nearby landmarks include:
The Residence Tower 1 is close to various landmarks of the city. Burj Khalifa is located at a 4-minute distance from the building. It is the tallest building in the world. The tower offers numerous leisure, dining and entertainment options.
The Dubai Mall is a 6-minute drive from the building. It is one of the world’s largest shopping malls. The mall is home to over 1, 000 retail stores. It has over 14,000 parking spaces, 120 restaurants and cafes and 22 cinema screens.
The Dubai Canal is at a 15-minute distance from the building. It is an artificial canal that was announced in 2013 and inaugurated in 2016. The canalside walk has four hotels, one shopping mall and 450 restaurants. It is three kilometres long and has a width of 80 to 120 meters.
There are various pros and cons of living in Downtown Dubai but the area gets quite busy during peak hours.
The Residence 1 Tower does have floor plans available on the Bayut website.
You can find 1, 2 and 3-bedroom apartments in The Residence 1 Tower.
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