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Wafi Residence, Bur Dubai

Wafi Residence, Bur Dubai

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Bur Dubai, Dubai

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Strengths

Prime location

High-quality amenities

Spacious apartments

Weakens

Higher rental costs

Limited parking space

Noise concerns

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Buildign Overview

Summary

  • Located in the vibrant Bur Dubai area, Wafi Residence is a distinguished residential building that offers a unique blend of luxury and convenience.
  • Situated near key landmarks such as the Dubai Museum and the historic Al Fahidi District, this building is in close proximity to various shopping destinations, including Wafi Mall.
  • Excellent public transport links, including the Burjuman Metro Station, ensure easy accessibility to other areas of Dubai.

Properties Overview

  • Wafi Residence features a range of properties, including spacious apartments available for both rent and sale, catering to diverse lifestyles.
  • Popular unit types include one, two, and three-bedroom apartments, with rental prices typically starting around AED 70,000 per year for one-bedroom units.
  • Sales prices for apartments in Wafi Residence generally range from AED 1.2 million to AED 2.5 million, depending on the size and floor level.

Market Trends

  • The real estate market in Bur Dubai has seen a steady increase in rental demand with a year-on-year growth rate of approximately 5-7%.
  • Investors can expect an average return on investment (ROI) of around 6-8%, making it an attractive option for those looking to buy in the area.
  • In the last year, the market has shown resilience with a consistent demand for rental properties, indicating a robust future outlook.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • The surrounding area is well-equipped with essential services, including reputable schools, healthcare facilities like Dubai Hospital, and supermarkets such as Carrefour.
  • Residents can easily access a variety of clinics and pharmacies, ensuring all healthcare needs are within reach.

Transportation and Accessibility

  • Wafi Residence benefits from excellent public transport options, including buses and the nearby Burjuman Metro station, facilitating easy commutes across the city.
  • Ample parking spaces are available for residents and visitors, ensuring convenience for those who prefer to drive.

Lifestyle Amenities

  • Residents enjoy an array of lifestyle amenities, including state-of-the-art gyms, swimming pools, and recreational areas.
  • A diverse selection of dining options, ranging from local eateries to international restaurants, complements the local lifestyle.

Builing Facilities

  • Wafi Residence boasts modern facilities such as high-speed elevators, 24/7 security, central air conditioning, and dedicated maintenance services for residents.
  • The building is designed for comfort and convenience, with well-maintained common areas and an inviting lobby.

Special Services

  • Exclusive services offered include concierge assistance, guest services, and a business center, providing added conveniences for residents and businesses alike.

Planning Your Move or Investment

Floor Plans and Property Types

  • A variety of well-designed floor plans are available to accommodate different lifestyles and preferences, ranging from compact units to spacious family apartments.

Things to Consider

  • Potential tenants and buyers should consider factors such as proximity to work, accessibility to public transportation, and the availability of nearby amenities before making their decision.

Useful FAQs and Support

Events and Building Life

Building Events

  • Wafi Residence regularly hosts community gatherings and events, fostering a sense of belonging among residents and encouraging social interaction.

Community Identity

  • The building’s unique identity is enhanced by its architectural design reflective of modern Dubai, combined with community-oriented features that promote a harmonious living environment.

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Detailed Buiding Insights

1. Family Friendliness

Wafi Residence is designed with families in mind, offering spacious apartments, children's play areas, and proximity to schools and parks, making it a highly suitable environment for family life.

Exceptionally Welcoming

2. Living Options

The community offers a range of living options including studios, one, and two-bedroom apartments, catering to various preferences and budgets, ensuring a diverse living experience.

Broadly Diverse

3. Safety And Security

Wafi Residence is equipped with advanced security systems, 24/7 surveillance, and a dedicated security team, providing residents with a sense of safety and peace of mind.

Remarkably Secure

4. Transportation

The location boasts excellent transportation links with nearby metro stations and bus stops, facilitating easy access to other parts of Dubai, making commuting simple and quick.

Highly Convenient

5. Amenities And Facilities

The residence features an array of amenities including a swimming pool, fitness center, spa, and communal gardens, offering residents a well-rounded lifestyle and leisure options.

Richly Equipped

6. Cost Of Living

While the cost of living in Wafi Residence is slightly above average for Bur Dubai, the quality of housing and amenities provided justifies the cost, making it a good investment.

Relatively Balanced

7. Things To Do

The community is surrounded by a variety of dining, shopping, and entertainment options, along with cultural attractions like museums and galleries, ensuring there is always something to do.

Vibrantly Diverse

8. Noise Levels

Despite being in a bustling area, the design of the Wafi Residence includes soundproofing and landscaped gardens, contributing to a tranquil living environment.

Generally Peaceful

9. Pet Friendliness

Pets are allowed in the community, with nearby parks and pet-friendly amenities, making it a welcoming place for pet owners.

Warmly Accommodating

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Key Information

Developer: Wafi Group

Building Type: Mixed-use development 

Unit Types : 1, 2 and 3-bedroom apartments

Floors: 10

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

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