Development of the Week: Olivia Residences
Olivia Residences is the third entry in our Development of the Week series for March 2024. This upcoming contemporary residential building in Dubai Investment Park will offer 1 to 3-bedroom units. If you are looking for an affordable property, Olivia Residences can be considered. Read on to find out more about this latest project by Karma Developers.
ABOUT OLIVIA RESIDENCES DUBAI
Situated next to the Green Community, Olivia Residences will exemplify innovation and elegance. Residents can enjoy panoramic views of lush green landscapes from their homes. With its impressive outdoor design, interiors that create a nice balance of style and comfort, a wealth of amenities and a host of facilities nearby, the building would be an ideal place to raise a family.
Olivia Residences’ location is a key factor in its growing popularity. There is a metro station nearby, and one can travel via the bus as well. Similarly, people who prefer to travel by car can make use of the excellent road network. One can reach Downtown Dubai within 20 minutes, and Dubai International Airport is also a 20-minute drive.
Those living in flats for sale in Olivia Residences will have quick access to facilities. For instance, there are multiple supermarkets in DIP. Moreover, there are many schools and healthcare institutes within Dubai Investment Park. Not to forget, there are several parks where one can head for a stroll or a family picnic.
- 2 BEDS
- |
- 2 BATHS
- |
- 1114 SQFT
- 2 BEDS
- |
- 2 BATHS
- |
- 1114 SQFT
- 2 BEDS
- |
- 2 BATHS
- |
- 1134 SQFT
- 2 BEDS
- |
- 3 BATHS
- |
- 1114 SQFT
- 2 BEDS
- |
- 2 BATHS
- |
- 1114 SQFT
- 2 BEDS
- |
- 2 BATHS
- |
- 1182 SQFT
- 2 BEDS
- |
- 2 BATHS
- |
- 1468 SQFT
- 1 BED
- |
- 2 BATHS
- |
- 1409 SQFT
PROPERTIES IN OLIVIA RESIDENCES DUBAI INVESTMENT PARK
As discussed, the building has 1 to 3-bed units. There will be 229 residences, including 96 1-bed flats, 115 2-bed apartments and 18 3-bedroom units. In terms of design, the idea was to maximise the available space. The overall architectural design allows for the passage of natural light. The high-end finish will give the flats an elegant and grand look.
Here is a look at the covered areas of flats:
- 1-Bedroom: 634 sq. ft. to 845 sq. ft.
- 2-Bedroom: 964 sq. ft. to 1,240 sq. ft
- 3-Bedroom: 1,331 sq. ft. to 1,490 sq. ft.
As for Olivia Residences cost, these apartments are the most affordable units you will find in the area.
OLIVIA RESIDENCES DIP AMENITIES
The list of amenities at Olivia Residences DIP includes:
- Infinity pool
- Meditation area
- Zen garden
- Panoramic indoor gymnasium
- Sauna
- Outdoor cinema
- Kids’ play area with water features
- Jacuzzi
- Multiple water features
- Covered car parking
- Instagram spot
- Outdoor sitting area
- Yoga
- Nanny services in the outdoor area
- 24/7 Security & CCTV cameras
- Changing rooms
OLIVIA RESIDENCES PAYMENT PLAN
Here is a look at Olivia Residences Payment Plan:
Milestone | Payment Percentage |
|---|---|
Milestone 10% | Payment Percentage Down payment |
Milestone 1% | Payment Percentage 30 months x 1% during construction |
Milestone 1% | Payment Percentage Handover (April 2026) |
Milestone 1% | Payment Percentage 59 months x 1% post-handover (5 Years) |
ABOUT THE DEVELOPER
Karma Developers has made a name for itself in the highly competitive Dubai real estate landscape. They have carved out a niche for their business by offering mid-size developments. Olivia Residences Dubai is their latest offering in DIP.
FAQS ABOUT OLIVIA RESIDENCES
WHAT IS THE EXPECTED HANDOVER DATE OF THE PROJECT?
The expected handover date of the project is April 2026.
WHAT KIND OF LIFESTYLE CAN I EXPECT WHEN LIVING IN DIP?
Please review our list of pros and cons of living in Dubai Investments Park to get a sense of what life would be like there.
WHICH ARE THE TOP SCHOOLS IN DIP?
Here is the list of the most popular schools in DIP.
WHICH ARE THE TOP COMMUNITIES TO RENT A PROPERTY IN DIP?
Are you looking to rent an apartment or a villa in the area? Here are the top sub-communities that offer areas with rental properties in DIP.
The flats in Olivia Residences are likely to go off the market quickly. Growth trends in Dubai’s property market and the developer’s track record make this an exciting and attractive proposition for investors at home and abroad. Subscribe to MyBayut to learn more about getting on the property market ladder in the UAE.
Featured Image Credit: Karma Developers Official Website
