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Vida Residence Downtown in Downtown Dubai - Dubai residental property project
Cap rates, sales prices, rents and deal volumes
Rents in Vida Residence Downtown
| Rooms | Size, sqm | Rent, AED/sqm/ year | Rent, AED |
|---|---|---|---|
| 3 | 187 | 2,139 | 400,000 |
The long term rent of an apartment in Vida Residence Downtown is 2,139 AED/sqm/year on average.
Rent for 3 bedroom apartment in Vida Residence Downtown is 400,000 AED or 2,139 AED/sqm.
About Vida Residence Downtown
'Vida Residence Downtown' in 'Downtown Dubai' area project description
Vida Residence Downtown is a luxury serviced residence tower developed by Emaar Properties, located on Mohammed Bin Rashid Boulevard in Downtown Dubai.
Construction Timeline
Construction began in January 2015, with the project completed in May 2019. The development took approximately 30 months to complete, with construction reaching the 50th floor by April 2018.
Developer and Design
Emaar Properties developed the project with architectural design by Norr Architects & Engineers. The tower features a distinctive triangular form with a façade constructed from stone and glass, drawing inspiration from New York's Art Deco architecture. The building is connected to the Vida Downtown hotel via an air-conditioned glass bridge, providing full hotel services to residents.
Structure and Scale
The project comprises 3 basements, ground floor, 58 floors, and 3 roof levels, reaching a total height of 238.25 meters. The total built-up area spans 1,064,560 square feet, with 61 storeys of residential space.
Unit Mix and Layout
The tower offers a diverse mix of service apartments including 1, 2, 3, and 4-bedroom units, along with penthouse residences. The development accommodates approximately 335 residential units with varying configurations to suit different buyer preferences.
Amenities
Residents enjoy access to a swimming pool with pool terrace, gymnasium, market cafe, and retail spaces. The building includes 511 parking spaces, 7 passenger elevators, and 4 service elevators to serve the tower efficiently.
Location and Connectivity
Vida Residence Downtown is centrally positioned in Downtown Dubai, offering excellent connectivity to major destinations. Dubai International Airport is approximately 17 minutes' drive away, while the new Al Maktoum International Airport is roughly 44 minutes' drive. The location provides convenient access to Dubai Mall (7 minutes), Palm Jumeirah (20 minutes), Burj Al Arab (19 minutes), and The Walk JBR (24 minutes).
Nearby Projects
The development is situated within the vibrant Downtown Dubai district, home to iconic landmarks including the Burj Khalifa, Dubai Mall, and Dubai Opera. Nearby residential projects include Grande Signature Residences, a 78-storey tower completed in June 2022, and Il Primo Towers, a twin-tower development in the Opera District with Tower 2 completed in 2025.
Project Value
The total project value reached AED 607.042 million, with Al Basti & Muktha LLC serving as the main contractor and Arcadis International as project manager.
Vida Residence Downtown is a luxury serviced residence tower developed by Emaar Properties, located on Mohammed Bin Rashid Boulevard in Downtown Dubai.
Construction Timeline
Construction began in January 2015, with the project completed in May 2019. The development took approximately 30 months to complete, with construction reaching the 50th floor by April 2018.
Developer and Design
Emaar Properties developed the project with architectural design by Norr Architects & Engineers. The tower features a distinctive triangular form with a façade constructed from stone and glass, drawing inspiration from New York's Art Deco architecture. The building is connected to the Vida Downtown hotel via an air-conditioned glass bridge, providing full hotel services to residents.
Structure and Scale
The project comprises 3 basements, ground floor, 58 floors, and 3 roof levels, reaching a total height of 238.25 meters. The total built-up area spans 1,064,560 square feet, with 61 storeys of residential space.
Unit Mix and Layout
The tower offers a diverse mix of service apartments including 1, 2, 3, and 4-bedroom units, along with penthouse residences. The development accommodates approximately 335 residential units with varying configurations to suit different buyer preferences.
Amenities
Residents enjoy access to a swimming pool with pool terrace, gymnasium, market cafe, and retail spaces. The building includes 511 parking spaces, 7 passenger elevators, and 4 service elevators to serve the tower efficiently.
Location and Connectivity
Vida Residence Downtown is centrally positioned in Downtown Dubai, offering excellent connectivity to major destinations. Dubai International Airport is approximately 17 minutes' drive away, while the new Al Maktoum International Airport is roughly 44 minutes' drive. The location provides convenient access to Dubai Mall (7 minutes), Palm Jumeirah (20 minutes), Burj Al Arab (19 minutes), and The Walk JBR (24 minutes).
Nearby Projects
The development is situated within the vibrant Downtown Dubai district, home to iconic landmarks including the Burj Khalifa, Dubai Mall, and Dubai Opera. Nearby residential projects include Grande Signature Residences, a 78-storey tower completed in June 2022, and Il Primo Towers, a twin-tower development in the Opera District with Tower 2 completed in 2025.
Project Value
The total project value reached AED 607.042 million, with Al Basti & Muktha LLC serving as the main contractor and Arcadis International as project manager.
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