Vida Residences - On high Floor 3 Bed (02) Unit in Downtown

Vida Residence Downtown, Downtown Dubai, Downtown Dubai


  • Price:

    AED 6,130,176
  • Property Type:

  • Reference No.:

  • Size:

    2,027 sqft.
  • Bedrooms:

  • Bathrooms:



Vida Residence - On high Floor, Absolutely the best 3 bedroom front facing Apartment in VIDA Residences, DowntownVIDA Residences are the fully serviced and furnished 4 Star Hotel Apartments located on the Boulevard across the road to Blvd Central Towers. This Apartment has a panoramic view of Burj Khalfa & the Downtown Boulevard and its magnificient Skyline.Rental incomes will definitely be in excess of 10pct once the Project is complete in 2018.Building Completion on 20/05/2018This will be definitely be one of the best Investments in Dubai, as not only will it provide a phenomenal growth in capital gains over next 2-3 years, but once its ready it will certainly achieve over 10% net rental return on the original Investment. Main reasons for this expectation includes:i) the whole area is set to grow for sure over the next 3-4 years. Downtown has become the primary target for rich overseas Investors mostly interested in a 2nd home and therefore you can already see the prices of Address Blvd & Address Fountain Views nearing AED 4,000 per sqft now. These will go up even further in pricing, as the ready Address units are selling in the range of 6-7,500 per sq.ft depending on the view. The difference in pricing for same size and same view Residential units are almost 50% of the value or less than the Serviced Hotel Units in Address. This is due to the extremely high rental returns of in the Serviced Furnished Hotel Units run by Emaar & for units under their Hotel Pool. A 2 bed in Address Lake Hotel gives a rental return of around 550k net each year after all adjustments for Hotel management charges.ii) Since the ready properties are so high in pricing at the moment in Downtown and with most of the current activity of buying & selling is still in that community by overseas Investors meaning not much chances for any major price depreciation. Hence its best to invest in Off Plan. Premiums in Address Units across the board are already in the range of 20-70% depending on the type & view of the unit. VIDA Downtown therefore presents the best opportunity, as premiums are still in single digits.iii) VIDA Downtown was launched January, 2014 & Original prices were between 2,400 to 2,500 per sqft. This is the first of the 4 star serviced hotel residences, as Address are 5 Star Hotel Residences. Location is prime on the main Boulevard. Already the VIDA Hotel is fully operative and is very highly reputed for their services and high occupancy and having the best fine dining restaurants in the area. Vida Residence is linked to Vida Hotel via an air-conditioned bridge connecting the podium levels of the residences to the hotel amenities. This link will give tenants an easier access to the hotel offerings and also the unit holders will be able to place their units in the Hotel Pool. Expected returns from a 3 Bed will easily be in the range of 600-650k. That will mean that with a high demand of 5 Star Investments which yield ROI of 6-7% net, the prices of such units will easily shoot up in the range of 9-10.0M Dhs.iv) VIDA RESIDENCE is situated in a prime location within the most prestigious square kilometre in the world. It is a 57-storey serviced apartment tower, sitting on a 3-level podium. It offers one to four-bedroom apartments with refined fixtures and contemporary design combining international style with local touches to create an environment of understated elegance. With carefully selected materials appealing to a wide range of tastes, your apartment will be a true work of art.Call Maria @ (055) 2316362The APARTMENT for SALE Features: Built-up Area of 1,919 sq. ft. 3-Bedroom Apartment 3 Ensuite Bathrooms 1 Powder Room Enjoy the Fountain and Burj Khalifa viewsFeatures: Fully equipped gymnasium swimming pool Kids play area Reading areaLocation: Located in Mohammed Bin Rashid Boulevard adjacent to the newly opened Vida HotelDOWNTOWN DUBAI - Here lies the gateway to such icons as the truly majestic Burj Khalifa, The Dubai Mallthe globes largest shopping and entertainment destination, the highest performing fountain, The Dubai Fountain and At.mosphere, the worlds highest dining destination.Downtown Dubai, described as The Centre of Now, provides an incomparable lifestyle of urban living with world class dining, leisure and retail attractions. Downtown Dubai is an iconic destination like no other.Thank you for your interest on this listing. Are you ready to invest and become a home owner in Dubai?Or would you need an expert Real Estate Broker to clarify few matters?Please Call Maria @ (055) 2316362You may also call us at 800-TAKTICAL (82584225) or visit our website if you are interested to invest and buy property or if you are an owner ready to sell / lease.Choose TAKtical Realty Group Offering Reliable Real Estate Solutions.STR no. 386/8083/14/07/0150


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