Montrose Residence, Dubai Science Park

Dubai Science Park, Dubai

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Strengths

Modern architectural design

Proximity to major tech companies

Sustainable living features

Weakens

Limited public transport options

Higher property prices

Noise from nearby construction

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Strengths

Modern architectural design

The building features a contemporary design that is aesthetically pleasing and integrates well with its surroundings.

Proximity to major tech companies

Located within Dubai Science Park, residents have easy access to a variety of innovative companies and research facilities.

Sustainable living features

Equipped with energy-efficient systems and green spaces, promoting a sustainable lifestyle.

Weaknesses

Limited public transport options

The area lacks extensive public transport, making commuting more challenging for residents without personal vehicles.

Higher property prices

The premium amenities and location come with a higher cost, potentially affecting affordability for some buyers.

Noise from nearby construction

Ongoing development in the vicinity can lead to disturbances and noise pollution.

Considerations

Assessing commute options

Potential residents should evaluate their commuting needs and options before deciding to move to the area.

Market conditions

Buying or renting may fluctuate based on market trends, so potential residents should stay informed.

Community engagement

Engaging with local events or community services may enhance resident experience and networking opportunities.

Buildign Overview

Summary

Montrose Residence is a contemporary residential development located in Dubai Science Park, known for its strategic positioning close to various amenities and landmarks.
The building is within proximity to well-established areas such as Al Barsha and Al Quoz, enhancing its appeal for professionals and families alike.
Public transport options, including bus services and metro stations, are readily available nearby, ensuring easy commuting around the city.

Properties Overview

The residence features a mix of studio, one-bedroom, and two-bedroom apartments, catering to diverse demographics from young professionals to families.
Rental prices for units typically start around AED 50,000 annually, while purchasing options vary based on configuration and size, averaging AED 1.2 million.
Recently, two-bedroom units have emerged as the most sought-after due to their spacious layouts and family-friendly design.

Market Trends

The real estate market in Dubai Science Park has shown steady growth, with rental rates increasing by approximately 5% over the past year.
Investors can expect an average return on investment (ROI) of 7-9%, particularly appealing for those looking to capitalize on the growing demand in the area.
Future projections suggest continued price stability and possibly further appreciation as developments progress and infrastructure improves.

Living and Investing in the Building

Amenities, Schools, and Healthcare

The neighborhood hosts several supermarkets, schools, and healthcare facilities, including pharmacies and clinics, providing residents with essential services.
Prestigious educational institutions and reputable hospitals are a short distance away, making it a convenient location for families.

Transportation and Accessibility

Excellent connectivity is offered through various public transport options, including buses and the metro, facilitating easy access to major city hubs.
Ample parking spaces are available within the building, which is a significant advantage for residents with vehicles.

Lifestyle Amenities

Montrose Residence boasts a variety of lifestyle amenities including a fully-equipped gym, swimming pool, and communal gardens.
Nearby, residents can enjoy an array of dining options, coffee shops, and leisure spots, enhancing the living experience.

Builing Facilities

The building features modern facilities such as high-speed elevators, robust security systems, central air conditioning, and dedicated maintenance services.
Amenities include 24/7 security, ensuring peace of mind for all residents.

Special Services

Additional offerings include concierge services, guest services for visitors, and business center access for professionals, making it ideal for both living and working.

Planning Your Move or Investment

Floor Plans and Property Types

Montrose Residence offers diverse floor plans, with options ranging from efficient studios to spacious two-bedroom apartments, accommodating various lifestyle needs.

Things to Consider

Potential tenants and buyers should consider factors such as commute time, proximity to schools and services, and the community vibe before deciding.
Additionally, future developments in the surrounding area can influence property values and lifestyle.

Useful FAQs and Support

Events and Building Life

Building Events

Montrose Residence hosts regular communal events, including seasonal celebrations, fitness classes, and social gatherings, fostering a sense of community among residents.

Community Identity

The building is characterized by its modern architecture and sustainable design, promoting a green lifestyle amidst a vibrant neighborhood.
Its proximity to Dubai Science Park enhances its identity as a hub for innovation and business networking.

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Detailed Buiding Insights

1. Family Friendliness

Montrose Residence is designed with families in mind, featuring spacious living areas, nearby parks, and family-friendly events that foster a sense of community.

Exceptionally Welcoming

2. Living Options

The community offers a variety of living options, including apartments with modern finishes, catering to different taste and preferences, which makes it suitable for a range of residents.

Diverse and Modern

3. Safety And Security

Montrose Residence boasts 24/7 security, surveillance systems, and controlled access points, ensuring a safe environment for all residents.

Highly Secure

4. Transportation

The community is well-connected to major roads and public transport, providing residents with easy access to Dubai's downtown and surrounding areas.

Conveniently Accessible

5. Amenities And Facilities

Montrose Residence features a wealth of amenities, including swimming pools, gyms, children's play areas, and retail outlets, catering to the diverse needs of residents.

Richly Equipped

6. Cost Of Living

While living costs are higher compared to other areas in Dubai, the value offered in terms of quality of life and amenities makes it a worthwhile investment.

Relatively Affordable

7. Things To Do

The community offers a range of recreational activities, parks, and social events, appealing to residents who enjoy an active lifestyle.

Vibrantly Active

8. Noise Levels

Despite being in a bustling area, Montrose Residence benefits from soundproofing and an overall tranquil environment, making it suitable for relaxation.

Generally Peaceful

9. Pet Friendliness

The community is pet-friendly, with ample green spaces for pets to play and policies that support pet owners, adding to its appeal for animal lovers.

Warmly Accommodating

Schools

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Key Information

Developer: Deyaar Property

Building Type: Residential

Building Age: 7 years(completed in 2017)

Length: 286 (143 in residential towers, 180 in hotel tower)

Unit Types : 1, 2, 3 and 4-bedroom apartments

Floors: 19

Community Insights

Mostly apartments | Luxury | Well connected

Lowest: 135K - 260K AED/year

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