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Vezul Residence, Business Bay

Vezul Residence, Business Bay

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Business Bay, Dubai

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Strengths

Prime Location

Modern Amenities

Luxurious Design

Weakens

High Rental Prices

Limited Parking Space

Noise from Nearby Construction

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Buildign Overview

Summary

  • Vezul Residence is a contemporary mixed-use development in Dubai's Business Bay area, known for its impressive skyline and proximity to major attractions.
  • The building is strategically located near the bustling Dubai Mall and the iconic Burj Khalifa, enhancing its appeal to residents and investors alike.
  • It offers easy access to public transportation, providing residents with convenient connectivity to various parts of the city. Nearby facilities include cafes, restaurants, and retail shops.

Properties Overview

  • The residence features a range of apartments including 1, 2, and 3-bedroom units, catering to both singles and families.
  • Rental prices generally range from AED 80,000 to AED 150,000 annually, while property sales are observed between AED 1.2 million and AED 2.5 million, depending on unit size and layout.
  • Popular unit types include spacious 2-bedroom apartments that boast modern amenities and stunning views of the canal.

Market Trends

  • In the past year, rental prices in Business Bay have shown a steady increase, averaging a 5% rise, driven by heightened demand in the area.
  • Sales trends also reflect a burgeoning market, with property values showing a year-on-year growth of approximately 6% and a strong ROI for real estate investors.
  • Future expectations indicate a continued upward trend in property values due to ongoing developments in the vicinity.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents have access to a variety of essential services, including supermarkets, hospitals, and clinics within close proximity.
  • Several renowned schools are located nearby, making it an attractive area for families with children.

Transportation and Accessibility

  • Public transportation options are abundant, with metro stations and bus routes enhancing accessibility.
  • The building also offers ample parking facilities, catering to both residential and visitor needs.

Lifestyle Amenities

  • Features luxury amenities such as state-of-the-art gyms, swimming pools, and leisure lounges.
  • A vibrant dining scene with multiple restaurants and cafes is within walking distance, promoting an active lifestyle.

Builing Facilities

  • Vezul Residence is equipped with high-speed elevators, 24/7 security, and central air conditioning.
  • Regular maintenance services ensure a comfortable living environment for all residents.

Special Services

  • The building provides concierge services, ensuring that residents enjoy a hassle-free lifestyle.
  • Business facilities such as meeting rooms are available, catering to professional residents or remote workers.

Planning Your Move or Investment

Floor Plans and Property Types

  • Various floor plans are available, accommodating different lifestyles and preferences, from cozy one-bedroom units to spacious three-bedroom apartments.

Things to Consider

  • Potential tenants and buyers should evaluate proximity to workplace, schools, and amenities as a primary consideration when choosing a unit.

Useful FAQs and Support

Events and Building Life

Building Events

  • Vezul Residence hosts regular events such as community gatherings and social mixers, fostering a friendly neighborhood atmosphere.

Community Identity

  • The building stands out due to its sleek architectural design and vibrant community spirit, making it a sought-after address in Dubai's real estate market.

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Detailed Buiding Insights

1. Family Friendliness

Vezul Residence has a range of family-oriented facilities such as children’s play areas and nearby schools, making it suitable for families, although the environment can occasionally be busy due to its central location.

Moderately Welcoming

2. Living Options

The property offers a variety of living options including spacious apartments and penthouses that cater to different preferences and budgets, with modern finishes and amenities.

Diverse and Modern

3. Safety And Security

The building is equipped with 24/7 security personnel, CCTV surveillance, and controlled access which contributes to a safe living environment.

Highly Secure

4. Transportation

Located near major roads and public transportation, residents enjoy easy access to the Dubai Metro and bus services, making commuting straightforward.

Conveniently Accessible

5. Amenities And Facilities

Vezul Residence features an array of amenities including a gym, swimming pool, wellness facilities, and outdoor areas, enhancing the lifestyle experience for residents.

Well-Equipped

6. Cost Of Living

The cost of living is higher compared to other areas due to the luxury nature of the development and its location in Business Bay, but the value reflects the quality of life offered.

Relatively Premium

7. Things To Do

Residents can enjoy various dining, shopping, and entertainment options within walking distance, with Dubai Mall and the Burj Khalifa nearby enhancing leisure activities.

Rich in Options

8. Noise Levels

Despite being in a bustling area, the design of Vezul Residence helps minimize noise levels, creating a serene environment indoors.

Generally Peaceful

9. Pet Friendliness

While pets are allowed, there are some restrictions on breeds and sizes, but residents generally find it welcoming for pets with nearby parks for walks.

Pet-Accommodating

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Key Information

Developer: Markaz

Building Type: Residential

Building Age: 5 years(completed in 2019)

Unit Types : 1, 2 and 3-bedroom apartments

Floors: 18 floors

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

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