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Paloma Tower, Dubai Marina

Paloma Tower, Dubai Marina

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Dubai Marina, Dubai

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Strengths

Scenic Views

Prime Location

Modern Amenities

Weakens

High Maintenance Fees

Noise Levels

Limited Parking

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Buildign Overview

Summary

  • Paloma Tower is an upscale residential skyscraper strategically located in Dubai Marina, known for its luxurious living spaces and stunning waterfront views.
  • The building is in close proximity to popular landmarks such as The Beach at JBR, Dubai Marina Mall, and Ain Dubai offering a vibrant lifestyle.
  • It features modern architectural designs and amenities that cater to the needs of residents, making it a desirable place to live in comparison to other nearby towers like Marina Heights and Silverene.

Properties Overview

  • Paloma Tower offers a range of properties including elegantly designed 1, 2, and 3-bedroom apartments, appealing to both renters and buyers.
  • Rental prices for units generally range from AED 90,000 to AED 150,000 annually, while purchase prices can vary, with typical 1-bedroom apartments listed around AED 1.4 million.

Market Trends

  • The residential market in Dubai Marina has seen consistent demand, with rental prices gradually increasing by around 6% year-on-year.
  • Investors can expect an attractive ROI of approximately 7-8%, making properties in Paloma Tower a lucrative investment for both short-term and long-term rental opportunities.
  • The future outlook remains positive, with predictions for continued growth in demand due to its location and amenities.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents have access to an array of essential services nearby, including supermarkets like Carrefour and Spinneys, international schools, and healthcare facilities such as Al Zahra Private Hospital.

Transportation and Accessibility

  • Paloma Tower is easily accessible via the Dubai Metro and the tram system, providing efficient connections to major districts.
  • Ample parking spaces are available for residents and guests, enhancing accessibility to the surrounding areas.

Lifestyle Amenities

  • The building boasts a variety of lifestyle amenities, including a state-of-the-art gym, swimming pool, children's play areas, and access to a range of dining options and entertainment venues.

Builing Facilities

  • Paloma Tower features advanced security systems, high-speed elevators, central air conditioning, and reliable maintenance services to ensure a comfortable living environment.

Special Services

  • Additional services include a concierge that assists residents with their needs, guest services, and business centers to accommodate remote working.

Planning Your Move or Investment

Floor Plans and Property Types

  • A variety of floor plans are available, accommodating diverse lifestyles, from single professionals to families looking for spacious living arrangements.

Things to Consider

  • Prospective tenants and buyers should consider factors such as the building's amenities, floor plans, proximity to work and leisure activities, and overall community vibe.

Useful FAQs and Support

Events and Building Life

Building Events

  • Paloma Tower is known for fostering community spirit through regular social events, seasonal celebrations, and wellness activities for residents to connect and enjoy.

Community Identity

  • The building’s unique identity stems from its modern architecture, luxurious lifestyle, and vibrant community, set against the stunning backdrop of the Dubai Marina.

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Detailed Buiding Insights

1. Family Friendliness

Paloma Tower is designed with families in mind, featuring spacious apartments and proximity to parks and family-centric activities, making it ideal for families.

Exceptionally Welcoming

2. Living Options

The tower offers a range of living options, including one, two, and three-bedroom apartments, catering to different family sizes and preferences.

Broadly Diverse

3. Safety And Security

Paloma Tower provides comprehensive security measures, including 24/7 surveillance and access control, ensuring residents feel safe at all times.

Remarkably Secure

4. Transportation

While public transportation options are available, some residents may find the nearest metro station a bit of a walk, but overall accessibility is adequate.

Moderately Convenient

5. Amenities And Facilities

The tower boasts a range of amenities including a pool, gym, and recreational areas, enhancing the living experience for all residents.

Richly Equipped

6. Cost Of Living

The cost of living is in line with other luxury options in Dubai Marina, offering value for the quality and amenities provided.

Relatively Balanced

7. Things To Do

Located in Dubai Marina, residents have easy access to a plethora of dining, shopping, and entertainment options, catering to all tastes and ages.

Vibrantly Diverse

8. Noise Levels

Despite being in a busy area, Paloma Tower manages to offer a quiet and serene living environment thanks to good sound insulation and thoughtful design.

Generally Peaceful

9. Pet Friendliness

Paloma Tower is welcoming to pets, with designated areas for walking pets and nearby parks, making it a suitable choice for pet owners.

Warmly Accommodating

Schools

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Key Information

Developer:  Emaar Properties

Building Type: Residential

Building Age: 16 years(developed in 2008)

Unit Types : 1, 2 and 3-bedroom apartments

Floors: 39 floors

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

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