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Property Makler
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Dubai, UAE US |
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Luxury Family Residence II in Business Bay - Dubai residental property project
Cap rates, sales prices, rents and deal volumes
Sales prices for off-plan (pre registration and delayed sell) properties in Luxury Family Residence II
| Rooms | Size, sqm | Sale price, AED/sqm | Sale price, AED |
|---|---|---|---|
| Studio | 42 | 24,369 | 1,012,516 |
| 1 | 45 | 24,670 | 1,120,178 |
Sales prices for completed properties in Luxury Family Residence II
| Rooms | Size, sqm | Sale price, AED/sqm | Sale price, AED |
|---|---|---|---|
| 1 | 58 | 34,874 | 2,030,000 |
Rents in Luxury Family Residence II
| Rooms | Size, sqm | Rent, AED/sqm/ year | Rent, AED |
|---|---|---|---|
| Studio | 39 | 2,013 | 79,323 |
| 1 | 58 | 2,000 | 115,000 |
The cap rate (rental yield) of investments into Luxury Family Residence II project is 7.4% on average.
The price of an apartment in Luxury Family Residence II is 29,737 AED/sqm on average.
The long term rent of an apartment in Luxury Family Residence II is 2,008 AED/sqm/year on average.
Price for off-plan Studio apartment in Luxury Family Residence II is 1,012,516 AED or 24,369 AED/sqm.
Price for off-plan 1 bedroom apartment in Luxury Family Residence II is 1,120,178 AED or 24,670 AED/sqm.
Price for completed 1 bedroom apartment in Luxury Family Residence II is 2,030,000 AED or 34,874 AED/sqm.
Rent for Studio apartment in Luxury Family Residence II is 79,323 AED or 2,013 AED/sqm.
Rent for 1 bedroom apartment in Luxury Family Residence II is 115,000 AED or 2,000 AED/sqm.
About Luxury Family Residence II
'Luxury Family Residence II' in 'Business Bay' area project description
The 'Luxury Family Residence II' project in Business Bay, Dubai, epitomizes sophisticated urban living tailored for families seeking an opulent lifestyle combined with the convenience of city life. This premium development boasts an idyllic location in Business Bay, one of Dubai’s most dynamic and rapidly growing districts. Set against the backdrop of Dubai's iconic skyline, the project offers a harmonious blend of modern architecture and plush interiors, creating an environment where luxury meets comfort.
Luxury Family Residence II features an impressive array of residences, including spacious apartments and exclusive penthouses. Each unit is meticulously designed with attention to detail, ensuring high-quality finishes and state-of-the-art amenities. Residents can expect expansive living areas, gourmet kitchens with top-tier appliances, and elegant bathrooms adorned with marble and high-end fixtures. Floor-to-ceiling windows offer stunning views of the cityscape and the Dubai Canal, enhancing the living experience with abundant natural light and breathtaking vistas.
The development places a strong emphasis on family-centric amenities and communal spaces. Families can enjoy a range of facilities such as a temperature-controlled swimming pool, children's play areas, and landscaped gardens that provide a serene environment for relaxation and recreation. An equipped fitness center, multipurpose sports courts, and wellness centers cater to the active lifestyle needs of residents.
Safety and convenience are at the forefront, with 24-hour security, concierge services, and ample parking spaces. The project also integrates smart home technologies, enabling residents to control various aspects of their home environment with ease.
In terms of accessibility, Luxury Family Residence II is strategically located with excellent connectivity to major highways and public transport options, making commuting a breeze. The proximity to Downtown Dubai means residents are just minutes away from world-renowned landmarks such as the Burj Khalifa, Dubai Mall, and the Dubai Opera. Additionally, the Business Bay area itself is home to a burgeoning array of dining, entertainment, and retail options, ensuring that everything a family might need is within arm's reach.
Educational institutions, medical facilities, and business hubs are also conveniently located nearby, reinforcing the development's appeal to families and professionals alike. The area’s infrastructure is designed to support a high quality of life, with lush promenades along the Dubai Canal providing perfect settings for leisurely strolls and outdoor activities.
Luxury Family Residence II in Business Bay stands as a prime example of contemporary family living in Dubai, combining luxurious spaces with practical amenities and a strategic location, making it an ideal choice for discerning families seeking a harmonious blend of lifestyle and convenience.
The 'Luxury Family Residence II' project in Business Bay, Dubai, epitomizes sophisticated urban living tailored for families seeking an opulent lifestyle combined with the convenience of city life. This premium development boasts an idyllic location in Business Bay, one of Dubai’s most dynamic and rapidly growing districts. Set against the backdrop of Dubai's iconic skyline, the project offers a harmonious blend of modern architecture and plush interiors, creating an environment where luxury meets comfort.
Luxury Family Residence II features an impressive array of residences, including spacious apartments and exclusive penthouses. Each unit is meticulously designed with attention to detail, ensuring high-quality finishes and state-of-the-art amenities. Residents can expect expansive living areas, gourmet kitchens with top-tier appliances, and elegant bathrooms adorned with marble and high-end fixtures. Floor-to-ceiling windows offer stunning views of the cityscape and the Dubai Canal, enhancing the living experience with abundant natural light and breathtaking vistas.
The development places a strong emphasis on family-centric amenities and communal spaces. Families can enjoy a range of facilities such as a temperature-controlled swimming pool, children's play areas, and landscaped gardens that provide a serene environment for relaxation and recreation. An equipped fitness center, multipurpose sports courts, and wellness centers cater to the active lifestyle needs of residents.
Safety and convenience are at the forefront, with 24-hour security, concierge services, and ample parking spaces. The project also integrates smart home technologies, enabling residents to control various aspects of their home environment with ease.
In terms of accessibility, Luxury Family Residence II is strategically located with excellent connectivity to major highways and public transport options, making commuting a breeze. The proximity to Downtown Dubai means residents are just minutes away from world-renowned landmarks such as the Burj Khalifa, Dubai Mall, and the Dubai Opera. Additionally, the Business Bay area itself is home to a burgeoning array of dining, entertainment, and retail options, ensuring that everything a family might need is within arm's reach.
Educational institutions, medical facilities, and business hubs are also conveniently located nearby, reinforcing the development's appeal to families and professionals alike. The area’s infrastructure is designed to support a high quality of life, with lush promenades along the Dubai Canal providing perfect settings for leisurely strolls and outdoor activities.
Luxury Family Residence II in Business Bay stands as a prime example of contemporary family living in Dubai, combining luxurious spaces with practical amenities and a strategic location, making it an ideal choice for discerning families seeking a harmonious blend of lifestyle and convenience.
Q&A on Luxury Family Residence II
What are the advantages of 'Luxury Family Residence II' project in Dubai for property buyers? What are the disadvantages?Advantages of 'Luxury Family Residence II' in Business Bay:
1. Prime Location: Business Bay is a prominent business hub in Dubai, strategically located near Downtown Dubai, which includes iconic landmarks like the Burj Khalifa and Dubai Mall.
2. High-Quality Construction: The project boasts top-tier construction standards, with attention to detail in both design and materials, ensuring durability and aesthetic appeal.
3. Luxury Amenities: Includes high-end facilities such as swimming pools, fitness centers, kid-friendly areas, and possibly concierge services, providing a comprehensive, luxurious lifestyle.
4. Family-Oriented: Designed with families in mind, offering spacious layouts, multiple bedrooms, and proximity to schools and family-centric recreational areas.
5. Investment Potential: Due to its location and the upscale nature of the project, properties in Business Bay can provide strong rental yields and capital appreciation over time.
6. Accessibility: Excellent connectivity with major roads and public transportation, making commuting straightforward and increasing the appeal to both residents and tenants.
Disadvantages of 'Luxury Family Residence II' in Business Bay:
1. High Cost: Premium pricing due to luxury design, high-quality construction, and prime location, which might be prohibitive for some buyers.
2. Traffic Congestion: Business Bay is a bustling area, potentially leading to heavy traffic congestion, especially during peak hours, which can be a hassle.
3. Noise Levels: The area's vibrancy also means higher ambient noise levels, which might not be ideal for every family seeking tranquility.
4. Service Charges: Luxury residences typically come with higher maintenance and service charges, adding to the overall cost of ownership.
5. Construction Activity: Ongoing development in Business Bay could mean construction noise and site-related issues until the area fully matures.
6. Limited Private Outdoor Space: Compared to suburban villas or townhouses, apartments or flats in high-rise settings may offer limited private outdoor space.
What projects are better than 'Luxury Family Residence II' project in Dubai which are located close by, and why?
- Burj Khalifa Residences: Renowned for their unparalleled luxury, prime location, and direct access to Dubai Mall.
- The Opus by Omniyat: Designed by Zaha Hadid, it combines unique architecture, innovative interiors, and high-quality amenities.
- Noora Tower in Al Habtoor City: Part of a multi-use development, offers expansive views, fine-dining options, and an upscale lifestyle.
- Paramount Tower Hotel & Residences: Blends Hollywood glamour with Dubai elegance, providing a unique living experience with high-end facilities.
- SLS Dubai Hotel & Residences: Features avant-garde design, rooftop infinity pools, and luxury entertainment options, enhancing the lifestyle of residents.
- The Residences at Dorchester Collection: Offers ultra-luxurious living spaces, bespoke services, and a prime waterfront location with private marina access.
These projects provide unique architectural designs, superior amenities, iconic locations, and tailored luxury services, elevating the living experience compared to Luxury Family Residence II.
What are the closest schools to 'Luxury Family Residence II' project in Dubai?
1. GEMS Our Own Indian School
Location: Al Quoz 1, Dubai
2. Horizon English School
Location: Street 30, Al Safa, Dubai
3. Jumeirah International Nursery
Location: Al Manara, Dubai
4. JSS Private School
Location: Al Wasl, Dubai
5. Dubai International School
Location: Al Quoz, Dubai
6. Clarion School
Location: Al Quoz 1, Dubai
7. Language School
Location: Jumeirah, Dubai
What are the closest medical clinics to 'Luxury Family Residence II' project in Dubai?
1. Emirates Hospital Clinic - Business Bay: Located at Ground Floor, Bay Avenue, Executive Towers, Dubai.
2. Aster Clinic - Business Bay: Situated at Clover Bay Tower, Office 101, Al Abraj Street, Business Bay, Dubai.
3. Mediclinic Dubai Mall: Found at Financial Center Road, next to Dubai Mall, Downtown Dubai.
4. HealthBay - Al Safa: Positioned at 160 Al Wasl Road, Jumeirah, Dubai.
5. Burj Medical Centre: Located at Emaar Boulevard Plaza Tower 2, Downtown Dubai.
6. iCARE Clinics - Multi-Specialty Clinic - Discovery Gardens: Found at Bin Sougat Centre, Rashidiya, Dubai.
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