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ENI Coral Tower, Business Bay

ENI Coral Tower, Business Bay

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Business Bay, Dubai

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Strengths

Prime Location

Modern Architecture

Sustainable Practices

Weakens

High Rental Costs

Traffic Congestion

Limited Parking Space

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Buildign Overview

Summary

  • ENI Coral Tower stands tall in the vibrant Business Bay district of Dubai, known for its luxurious office and residential spaces.
  • The building, strategically located near major landmarks such as the Burj Khalifa and Dubai Mall, offers residents and businesses proximity to a bustling atmosphere.
  • Excellent connectivity to public transport links makes commuting a breeze, with access to the Dubai Metro and major roadways.

Properties Overview

  • The tower offers a mix of high-end apartments and commercial spaces, catering to diverse markets aimed at both rent and purchase.
  • Popular units include spacious 1- and 2-bedroom apartments, highly sought after for their modern design and amenities.
  • Current market prices for rentals in ENI Coral Tower range from AED 80,000 to AED 150,000 annually, while sales prices for units start around AED 1.5 million.

Market Trends

  • In the past year, the market has shown a steady increase in demand for rental properties, leading to an estimated 5% rise in rental prices.
  • The overall ROI for property investors in the Business Bay area is around 6-7%, making it an attractive option for buyers.
  • Future expectations indicate continued growth due to infrastructure developments and urban regeneration projects in the surrounding areas.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents benefit from an array of nearby establishments, including supermarkets for daily needs, highly-rated schools for families, and advanced healthcare facilities.
  • Prominent hospitals and clinics are located within a short distance, ensuring excellent medical care is accessible.

Transportation and Accessibility

  • ENI Coral Tower boasts easy access to key public transportation options, including buses and the Dubai Metro, facilitating convenient travel across the city.
  • Ample parking space is available for residents and visitors, alongside designated areas for ride-sharing services.

Lifestyle Amenities

  • Fitness enthusiasts can take advantage of the state-of-the-art gym facilities within the tower.
  • The surrounding area is dotted with a diverse range of restaurants, cafes, and leisure spots, ensuring a vibrant social scene.
  • Outdoor spaces and parks nearby offer residents a chance to enjoy nature and participate in recreational activities.

Builing Facilities

  • ENI Coral Tower is equipped with high-speed elevators and round-the-clock security services for peace of mind.
  • Central air conditioning and efficient maintenance services ensure comfort and convenience for residents and tenants alike.

Special Services

  • The building features a concierge service, providing assistance with inquiries and reservations.
  • Business centers within the tower provide facilities for meetings and events, catering to professionals working in the area.

Planning Your Move or Investment

Floor Plans and Property Types

  • A selection of well-designed floor plans is available, ranging from compact layouts to spacious family units, appealing to various demographics.
  • Each unit caters to modern living needs, featuring open-concept designs and luxurious finishes.

Things to Consider

  • Potential tenants and buyers should evaluate proximity to workplaces, schools, and leisure activities.
  • Assessing the building's long-term value and surrounding developments is crucial for informed investment decisions.

Useful FAQs and Support

Events and Building Life

Building Events

  • Residents can look forward to regular community events and social gatherings, fostering a strong sense of community within ENI Coral Tower.
  • Seasonal festivities and collaborative activities enhance the living experience, encouraging neighborly interactions.

Community Identity

  • ENI Coral Tower is distinguished by its modern architecture and commitment to sustainability, promoting eco-friendly living solutions.
  • The building's vibrant atmosphere is mirrored by the dynamic Business Bay neighborhood, known for its business and cultural hubs.

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Detailed Buiding Insights

1. Family Friendliness

The community has several family-oriented amenities, including parks and playgrounds nearby, making it suitable for families with children.

Moderately Welcoming

2. Living Options

ENI Coral Tower offers a variety of apartment sizes and styles, catering to different family sizes and budget preferences.

Diverse Choices

3. Safety And Security

The building has 24/7 security surveillance, access control, and on-site security personnel, ensuring residents feel safe at all times.

Highly Secure

4. Transportation

Excellent access to public transportation, including metro stations and bus routes, makes commuting easy for residents.

Very Convenient

5. Amenities And Facilities

The tower features a gym, swimming pool, rooftop garden, and children's play area, providing ample recreational options for residents.

Richly Equipped

6. Cost Of Living

While the rental prices are above average for the area, the quality of living and amenities justify the costs, making it a reasonable option.

Moderately Affordable

7. Things To Do

Business Bay is known for its vibrant nightlife, dining options, and cultural attractions, offering a wide range of activities for residents.

Vibrantly Diverse

8. Noise Levels

The building is located away from major roads, reducing noise pollution and providing a tranquil living environment.

Generally Peaceful

9. Pet Friendliness

The community allows pets but has restrictions on types and sizes; pet owners may need to consider nearby pet-friendly facilities.

Moderately Accommodating

Schools

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Key Information

Developer: Emirates National Investment

Building Type:  mixed-use building

Building Age: 10 years(completed in 2014)

Unit Types : 2, 3 and 4-bed units

Floors: 19 floors

Community Insights
Mostly apartments | Luxury | Well connected
Lowest: 135K - 260K AED/year

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