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XL Tower, Business Bay

XL Tower, Business Bay

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Business Bay, Dubai

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Strengths

Strategic Location

State-of-the-Art Facilities

Stunning Architectural Design

Weakens

Traffic Congestion

Limited Parking Space

Relatively High Maintenance Fees

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Buildign Overview

Summary

  • XL Tower is a striking skyscraper located in the heart of Business Bay, one of Dubai's leading business districts.
  • The building is strategically positioned near prominent landmarks such as the Burj Khalifa and Dubai Mall, enhancing its prestige.
  • Accessibility is excellent, with major roadways and public transport options including the Dubai Metro within reach, making commuting convenient.

Properties Overview

  • The tower offers a mix of residential and commercial units, with one, two, and three-bedroom apartments available for lease and sale.
  • Rental prices typically range from AED 70,000 to AED 120,000 per annum, while purchasing options start around AED 1.1 million, depending on the unit size and floor level.
  • The most sought-after units often feature exceptional views of the Dubai skyline and high-quality finishing.

Market Trends

  • Recent market analysis shows a steady increase in rental and sales prices, reflecting a robust demand, particularly for luxury properties in vibrant areas like Business Bay.
  • Investors can expect an attractive return on investment (ROI) averaging around 7-8%, with market predictions suggesting sustained growth due to ongoing developments in the area.
  • Overall, the past year has seen a revitalization in interest for both rentals and purchases, making it an opportune time for investment.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents benefit from close proximity to numerous supermarkets, including Spinneys and Carrefour, as well as various schools and healthcare establishments like Mediclinic and Aster Clinic.

Transportation and Accessibility

  • Public transport options are abundant with metro stations nearby, along with taxi services and ample parking facilities for residents and visitors.

Lifestyle Amenities

  • XL Tower boasts excellent lifestyle amenities, including a fitness center, swimming pool, upscale restaurants, and leisure options such as parks and walking trails.
  • Nearby hotel options provide additional services such as dining and entertainment.

Builing Facilities

  • Key facilities include high-speed elevators, 24/7 security, centralized air conditioning, and professional maintenance services, ensuring a comfortable living experience.

Special Services

  • Exceptional services such as concierge support, business centers, and meeting rooms cater to both residents and business professionals, adding convenience.

Planning Your Move or Investment

Floor Plans and Property Types

  • XL Tower offers diverse floor plans tailored to different lifestyles and preferences, accommodating both singles and families.

Things to Consider

  • Potential tenants and buyers should consider factors such as building amenities, property management reputation, and community aspects before finalizing their choice.

Useful FAQs and Support

Events and Building Life

Building Events

  • XL Tower encourages a vibrant community lifestyle with regular events and social gatherings, enhancing neighborly connections and enjoyment.

Community Identity

  • The unique architectural design and prime location not only define the tower's character but also elevate the lifestyle experience for residents, making it a prestigious address in Dubai.

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Detailed Buiding Insights

1. Family Friendliness

XL Tower offers a family-friendly environment with amenities like parks nearby, but it lacks dedicated play areas or family activities within the tower itself.

Moderately Welcoming

2. Living Options

The tower features a variety of apartments ranging from studios to multiple bedrooms, catering to different family sizes and budgets.

Broadly Diverse

3. Safety And Security

The building has 24/7 security personnel and CCTV surveillance, creating a safe environment for residents.

Remarkably Secure

4. Transportation

XL Tower is located close to major roads and the metro station, ensuring easy access to various parts of Dubai.

Very Convenient

5. Amenities And Facilities

The tower includes amenities such as a gym, pool, and communal areas that are well-maintained and accessible.

Richly Equipped

6. Cost Of Living

The cost of living in XL Tower is moderate compared to similar properties in Business Bay, making it accessible for many.

Relatively Balanced

7. Things To Do

The vicinity offers a variety of restaurants, cafes, and entertainment options that cater to different tastes, ensuring there’s always something to do.

Vibrantly Diverse

8. Noise Levels

While located in a bustling area, the design of XL Tower helps minimize noise from the outside, creating a mostly calm atmosphere inside.

Generally Peaceful

9. Pet Friendliness

While pets are allowed, regulations and limited pet amenities within the building may not make it ideal for pet owners.

Moderately Accommodating

Schools

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Key Information

Developer: DAMAC Properties

Building Type:  Commercial

Building Age: 16 years(completed in 2008)

Unit Types : Offices

Floors: 25

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

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