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Iris Bay Tower, Business Bay

Iris Bay Tower, Business Bay

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Business Bay, Dubai

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Strengths

Modern architectural design

Prime location

High-quality amenities

Weakens

Limited parking space

High maintenance fees

Noise from construction

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Buildign Overview

Summary

  • Iris Bay Tower is a stunning skyscraper located in the heart of Business Bay, Dubai's premier business district.
  • The building is strategically situated near key facilities, including banks, dining options, and retail outlets.
  • Public transportation access includes nearby metro stations and bus stops, ensuring easy commutes.
  • Landmarks such as the Burj Khalifa and Dubai Mall are conveniently close, enhancing the prestige of this location.
  • When compared to other towers in the area, Iris Bay stands out for its architectural design and modern amenities.

Properties Overview

  • The tower features a range of properties, including both rental and for-sale options tailored to diverse preferences.
  • Popular units include spacious 1 and 2-bedroom apartments, known for their contemporary finishes and stunning views.
  • Rental prices typically range between AED 75,000 to AED 120,000 annually, while sales prices start at AED 1.2 million.

Market Trends

  • The rental market has seen an upward trend due to high demand, with an average annual return on investment (ROI) estimated at 7%.
  • Sales trends have remained stable, with slight increases expected as Business Bay continues to develop.
  • Overall, the past year has shown resilience despite market fluctuations, indicating that investments in Iris Bay remain a wise choice.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents have access to a variety of essential services including supermarkets, educational institutions, and healthcare facilities.
  • Nearby medical centers and hospitals ensure that health needs are met promptly and efficiently.

Transportation and Accessibility

  • Iris Bay Tower offers excellent connectivity via public transport and numerous parking spaces for residents and visitors.
  • Quick access to major highways makes travel across Dubai seamless.

Lifestyle Amenities

  • On-site amenities include a state-of-the-art gym, swimming pool, and wellness center, catering to diverse fitness needs.
  • A variety of restaurants and cafes are within walking distance, offering an array of dining options.

Builing Facilities

  • Iris Bay Tower is equipped with high-speed elevators, round-the-clock security, and central air conditioning.
  • Maintenance services are readily available to ensure a hassle-free living experience.

Special Services

  • Residents benefit from concierge services, guest management, and access to well-equipped business centers.
  • Unique amenities such as themed gardens and recreational lounges add to the overall living experience.

Planning Your Move or Investment

Floor Plans and Property Types

  • Iris Bay Tower offers a variety of floor plans, including studio, 1, 2, and 3-bedroom apartments.
  • Layouts are designed to maximize space and light, catering to both single professionals and families.

Things to Consider

  • Prospective tenants and buyers should evaluate current market trends, property features, and community services.
  • Understanding ownership and lease agreements is crucial before committing to a property in Iris Bay Tower.

Useful FAQs and Support

Events and Building Life

Building Events

  • Iris Bay Tower hosts regular social gatherings, networking events, and community-building activities for residents.
  • These events not only foster connections but also enhance the overall living experience.

Community Identity

  • Iris Bay is renowned for its innovative design and eco-friendly initiatives, making it a landmark in the Dubai skyline.
  • The combination of luxurious living, modern architecture, and a vibrant community contributes to its unique identity.

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Detailed Buiding Insights

1. Family Friendliness

Iris Bay Tower features amenities suitable for families, such as nearby parks and recreational areas. However, the urban setting may not appeal to all families looking for more suburban environments.

Moderately Welcoming

2. Living Options

The tower offers a variety of apartment sizes and layouts, catering to different preferences. Residents appreciate the modern designs and luxury finishes, but options for larger family units are somewhat limited.

High-Rise Living

3. Safety And Security

Iris Bay Tower is equipped with advanced security systems, including 24/7 surveillance, controlled access, and on-site security personnel, providing residents with peace of mind.

Remarkably Secure

4. Transportation

The location in Business Bay offers excellent connectivity to public transport, including the metro and major roadways, making commuting easy for residents whether to Downtown Dubai or elsewhere.

Highly Convenient

5. Amenities And Facilities

Residents enjoy a range of amenities such as a swimming pool, gym, sauna, and dedicated children’s play areas. The facilities are well-maintained and cater to various recreational needs.

Richly Equipped

6. Cost Of Living

Living in Iris Bay Tower tends to be on the higher end of the spectrum, reflecting its luxury status and amenities. While the costs are justified by the living standards, affordability may be a concern for budget-conscious individuals.

Premium Cost

7. Things To Do

The surrounding area in Business Bay offers abundant dining, shopping, and entertainment options, providing residents with a vibrant lifestyle. Proximity to attractions like Dubai Mall and the Burj Khalifa enhances the experience.

Vibrantly Diverse

8. Noise Levels

Due to its location in a busy commercial area, residents may experience occasional noise from nearby construction or traffic. However, soundproofing in the buildings mitigates much of the external noise.

Occasionally Bustling

9. Pet Friendliness

Iris Bay Tower allows pets, but restrictions on size and breed may apply. Some residents may find it less than ideal for larger animals due to the communal living environment.

Moderately Accommodating

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Key Information

Developer: Sheth Estate International Limited

Building Type: office building

Building Age: 9 years(completed in 2015)

Unit Types : Shell-and-core offices

Floors: 35 floors

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

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