Elite Business Bay Residence, Business Bay

Business Bay, Dubai

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Strengths

Prime Location

Modern Amenities

Luxurious Interior Design

Weakens

High Maintenance Costs

Traffic Congestion

Limited Parking Space

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Strengths

Prime Location

Located in the heart of Business Bay, offering easy access to major business districts and attractions.

Modern Amenities

Equipped with state-of-the-art facilities including a gym, pool, and concierge services.

Luxurious Interior Design

Features high-quality finishes and contemporary design elements that enhance the living experience.

Weaknesses

High Maintenance Costs

The luxury amenities and services contribute to higher monthly fees for residents.

Traffic Congestion

The proximity to busy areas can lead to congestion, especially during peak hours.

Limited Parking Space

The building has a limited number of parking spots, which may be inconvenient for residents with multiple vehicles.

Considerations

Proximity to Public Transport

Residents should consider the accessibility of public transportation options nearby.

Community Vibe

Evaluate whether the neighborhood's atmosphere aligns with lifestyle preferences, especially for families.

Future Development Plans

Research any upcoming developments in the area that might affect property value or living conditions.

Buildign Overview

Summary

Elite Business Bay Residence stands as a premier residential tower in Dubai's bustling Business Bay area.
Situated in close proximity to major landmarks like the Burj Khalifa and Dubai Mall, residents are never far from the city's vibrant attractions.
The building is easily accessible via major roadways and is well-connected to public transport options, including metro stations and bus routes.
Compared to nearby residential towers, Elite Business Bay Residence offers modern living spaces with superior amenities.

Properties Overview

This residential building features a mix of luxurious apartments available for rent or purchase, catering to various lifestyles.
Popular unit types include one, two, and three-bedroom apartments, known for their spacious layouts and contemporary designs.
Current rental prices typically range between AED 80,000 to AED 150,000 per year, while sale prices for apartments start from AED 1.2 million.

Market Trends

The rental market in Business Bay has experienced steady demand, with average rental prices witnessing a slight upward trend over the past year.
Sales prices have also shown resilience, with a notable increase in ROI for investors, estimated at around 6% based on current market conditions.
Future market expectations suggest continued growth driven by ongoing developments in the area and increasing demand for high-end residential properties.

Living and Investing in the Building

Amenities, Schools, and Healthcare

The vicinity offers a wide array of amenities, including renowned schools, healthcare facilities, and supermarkets.
Nearby institutions include the International School of Arts and Sciences and Dubai British School.
Healthcare needs are serviced by various clinics and hospitals, such as Mediclinic and the Rashid Hospital.

Transportation and Accessibility

Residents enjoy excellent transportation options, including direct access to the Dubai Metro, which facilitates easy commuting.
Ample parking spaces are available within the building, ensuring convenience for residents with vehicles.
The location provides swift connectivity to key business districts and recreational areas throughout Dubai.

Lifestyle Amenities

Elite Business Bay Residence includes a fully-equipped gym, swimming pool, and landscaped gardens for an active lifestyle.
An array of restaurants and cafes are just a short stroll away, enhancing the vibrant lifestyle offered by the area.
Nearby hotels provide additional dining and entertainment options, making it a hub of social activity.

Builing Facilities

The building features high-speed elevators, 24/7 security, and state-of-the-art central air conditioning.
Regular maintenance services ensure that residents enjoy a hassle-free living experience.
Sustainable building practices have been integrated to optimize energy efficiency throughout the premises.

Special Services

Elite Business Bay Residence offers concierge services to assist residents with various needs, enhancing overall convenience.
Business centers equipped with meeting rooms provide great facilities for professionals working from home or in the area.
Guest services are available, catering to the needs of visitors and enhancing the living experience.

Planning Your Move or Investment

Floor Plans and Property Types

A range of floor plans is available, designed to accommodate diverse preferences, whether for rental or purchase.
Units are tailored with modern finishes and smart home technology, appealing to both families and young professionals.

Things to Consider

Potential residents and investors are encouraged to assess their budget, lifestyle needs, and long-term objectives.
Consider the proximity to workplaces, schools for children, and leisure activities when making a decision.

Useful FAQs and Support

Events and Building Life

Building Events

Regular community gatherings, fitness classes, and social events are held, fostering a sense of community among residents.
Seasonal celebrations and cultural events are organized to enhance resident engagement and building camaraderie.

Community Identity

Elite Business Bay Residence is distinguished by its modern architectural design and commitment to sustainability.
The building fosters a vibrant community through shared experiences and a range of recreational facilities, making it a desirable place to live.

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Detailed Buiding Insights

1. Family Friendliness

While the area offers some family-friendly amenities, such as parks and recreational facilities, the high-rise lifestyle may not cater much to younger children.

Moderately Welcoming

2. Living Options

Elite Business Bay features a range of living options including luxury apartments and penthouses, appealing to various buyer preferences and lifestyles.

Diverse Choices

3. Safety And Security

The area is well-monitored with 24/7 security and surveillance, which provides a strong sense of safety for residents.

Secure and Safe

4. Transportation

Business Bay offers excellent connectivity with major roads, metro stations, and water taxis, making commuting easy for residents.

Highly Convenient

5. Amenities And Facilities

Residents have access to high-end amenities, including gyms, pools, and nearby entertainment options, enhancing their living experience.

Richly Equipped

6. Cost Of Living

Living costs in Business Bay can be on the higher side, especially for luxury apartments, which might be a factor for budget-conscious families.

Relatively High

7. Things To Do

The area is brimming with dining options, shopping areas, and entertainment venues, offering plenty of activities for residents.

Vibrantly Diverse

8. Noise Levels

As a bustling business district, noise levels can be higher during the day due to traffic and business activities; however, nights are usually quieter.

Generally Lively

9. Pet Friendliness

While some residential buildings may accept pets, limited green spaces can restrict outdoor activities for pet owners.

Moderately Accommodating

Schools

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Key Information

Developer: Elite by Triplanet Group

Building Type: Residential

Building Age: 4 year(completed in 2020 )

Unit Types : Studio, 1, 2 and 4-bedroom apartments

Floors: 27

Community Insights

Mostly apartments | Luxury | Well connected

Lowest: 135K - 260K AED/year

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