Park Tower A, DIFC
About Park Tower A
Dubai International Financial Centre or DIFC is a financial hub favoured by people seeking both commercial and residential properties. The community is home to many popular art galleries and has a plethora of cafés and restaurants, hotels and other lifestyle amenities. In addition to being a leading commercial destination, DIFC is known for its mixed-use towers. One such tower that stands out in the neighbourhood is Park Towers.
A project of DAMAC Properties, Park Towers consists of Tower A and Tower B. Park Tower A is a 49-storey building with 3 basement levels dedicated to parking. The 49 floors consist of 7 podiums as well as commercial and residential floors. Offices are constructed from podium 5 to the 11th floor, whereas studio,1, 2, and 3-bedroom residential apartments are found on the 12th floor and onwards.
The podiums have a series of restaurants, cafés, boutique outlets, health club, swimming pool, tennis court and areas designed for children to play. Moreover, the tower boasts a banquet hall and a meeting room to conduct business meetings and private parties.
IN A NUTSHELL
- A project of DAMAC Properties
- Construction completed in 2011
- 49 floors
- Oval-shaped tower with energy-reducing, solar glass skin
- Health club, tennis court, swimming pool are available
- Close to The Dubai Mall
Facilities in Park Tower A, Dubai International Financial Centre
Residents can use the 3 levels of basement parking in Park Tower A. Visitors can park their vehicles on the street.
High-speed elevators in Park Tower A ensure that you endure a minimum waiting period.
Security, Central Air-Conditioning and Maintenance Services
As expected from a high-end development, 24-hour security service is provided along with maintenance services. Residents would also have to pay yearly chiller/cooling charges. The district cooling supplier for Park Tower A is Empower.
For the enjoyment of the residents, a meeting room and a banquet hall have been constructed where special events, business meetings and private parties can be held.
Gym and Fitness Facilities
Health and fitness facilities are outstanding. The health club has a gym in Park Tower A with fully functional equipment. Spa services, Sauna and Jacuzzi are available on a split level deck on podium 4 and 7. Similarly, you will find a temperature-controlled swimming pool on the upper deck with a view of the landscaped garden on the lower deck.
Restaurants, coffee shops and boutique retail outlets are set up on podiums 1, 3, and 4. A tennis court, kid’s play area, swimming pool and a BBQ facility has been built within the tower.
Concierge and Guest Services
A concierge desk service is available to residents round-the-clock. Also, stylishly designed lobby and spacious seating arrangement ensure that the guests have a pleasant time waiting.
Park Tower A Floor Plans
Unit types are the different configurations available for a property.
- 1-bedroom apartments in Park Tower A consist of six different unit types
- 2-bedroom apartments in Park Tower A consist of five different unit types
- 3-bedroom apartments in Park Tower A consist of two different unit types
Apartment Types in Park Tower A
Professionals, couples and families can opt for studio, 1-bedroom, 2-bedroom and 3-bedroom apartments in Park Tower A.
Studio Apartments in Park Tower A
The covered areas for studio apartments in Park Tower A range from 417 sq. ft to500 sq. ft. The beautifully designed unit has built-in wardrobes along with a fitted kitchen, spacious dining area and a balcony.
1-Bedroom Apartments in Park Tower A
1-bedroom apartments in Park Tower A have covered areas ranging from 723 sq. ft. to 1,900 sq. ft. The master bedroom features a floor-to-ceiling glass wall that allows a 180 degree plus view of DIFC. There’s an ensuite bathroom and an open kitchen connected with a living room. You can have a panoramic view from a wide balcony.
2-Bedroom Apartments in Park Tower A
With covered areas ranging from 1,282 sq. ft. to 2,076 sq. ft. 2-bedroom apartments in Park Tower A are quite spacious. Typically, a 2-bed unit supports 2 bedrooms and 3 bathrooms with the option of both open and closed kitchen. Often living rooms have floor-to-ceiling glass walls allowing natural light to flood the apartments. Also, balconies have a splendid view of nearby notable landmarks.
3-Bedroom Apartments in Park Tower A
3-bedroom apartments in Park Tower A have covered areas of 2,121 sq. ft. You will find 3 bedrooms with ensuite bathrooms and a powder room. Both close and open kitchens with fitted cabinets and equipment accompany this type of flats. Large living rooms act as dining rooms and open to wide balconies that offer breath-taking views. High-end finishing and fixtures exist throughout the apartment.
Offices in Park Tower A
Each building in Park Towers consists of dedicated space for retail outlets and offices are typically arranged on floor 5 to 7. Similarly, Park Tower A consists of offices spanning across 3,000 sq. ft. Each unit comes with dedicated parking spots.
Most Popular Apartment Types in Park Tower A
Based on searches conducted by users on Bayut.com over the past 6 months
According to Bayut, the most popular apartment types in Park Tower A are 2-bedroom apartments. While 1-bedroom comes second and studio flats are third. Wrapping up the list are 3-bedroom apartments.
Rental Trends in Park Tower A
- 1-bedroom apartment for rent is available for AED 65k to AED 87k, annually.
- You can get a 2-bedroom flat for rent in Park Tower A for AED 90k to AED 125k.
Likewise, a standard 3,092 sq. ft. office on lower levels costs around AED 340k per annum.
Sale Trends in Park Tower A
Compared to other residential towers in the DIFC community, flats for sale in Park Tower A are still affordable taking into account the ultra-modern lifestyle they offer. Apartments for sale in DIFC can range from AED 900k to AED 2.4M.
- You are expected to shell out AED 1.1M to AED 1.6M for a 1-bedroom apartment for sale in Park Tower A.
- Buying a 2-bed flat can easily cost you around AED 1.6M.
- You have to pay AED 2.4M for an apartment with 3 bedrooms.
Rental Yield in Park Tower A
Based on searches conducted by users on Bayut.com over the past 6 months
The highest return on investment, i.e., 7.3% is offered by 3-bedroom apartments. 2-bedroom and 1-bedroom flats have the same ROI - 6.8%. The least rent yielding units were studio flats with only 6% returns.
Transportation near Park Tower A
Since the building is located in a financial hub, finding transportation near Park Tower A is easy.
Bus Stations near Park Tower A
The nearest bus stops are at a 5-minute walking distance. Likewise, bus stops at Financial Centre and Ghaya Residence can be reached between 6 to 9 minutes by car.
Metro Stations near Park Tower A
Several metro stations are easily accessible from the building. Financial Centre, Emirates Towers, Dubai Mall/Burj Khalifa, Dubai World Trade Centre, Business Bay and Al Jafiliya metro stations can be reached by car within 10 minutes.
Restaurants near Park Tower A
Restaurants near Park Tower A offer an array of cuisines. In fact, SF Bistro is located inside the tower. Other closest options consist of:
- Fogo de Chao Brazilian Steakhouse
- Camuti Restaurant
- Carnival by Trèsind
Offering palatable Brazilian and Indian food, these restaurants are situated quite near to the building, a 2 to 5-minute drive. To satisfy the need of corporate officials who plan to entertain their guests in much better venues, an assemblage of fine dining options are peppered around the community. Some of these options include:
- Zuma Restaurant
- Al Grissino Restaurant and Lounge – Emirates Financial Towers
- Café Belge – The Ritz-Carlton
You can easily reach these within 6 minutes.
Supermarkets near Park Tower A
Stocking up on convenience goods and fresh food is not an issue considering the number of supermarkets near Park Tower A. Within the building you will find Fresh Mart and BS supermarket, but outside you have:
- Choithrams – DIFC
- Al Maya
All the above-mentioned supermarkets are a 3 to 6-minute drive away from Park Tower A.
Popular buildings near Park Tower A include:
- The World Trade Centre
- Emirates Towers
- Zabeel Tower
The Emirates Towers is a building complex that consists of Emirates Office Tower and Jumeirah Emirates Towers Hotel. These towers were one of the first skyscrapers to be constructed on Sheikh Zayed Road. Zabeel Tower is a 31-storey building on Sheikh Zayed Road, Dubai. It stands 114 metres tall.
Major landmarks close to Park Tower A, Dubai International Financial Centre are a ‘must-visit’. The list includes:
At a 6-minute drive you will find Burj Khalifa. The Dubai Fountain is one of the most popular tourist attractions where people can watch the splendid choreographed water fountains. One can reach the spot in 7 minutes by car. Finally, Burj Al Arab, an iconic landmark is a 17-minute drive away.
THINGS TO CONSIDER
With numerous commercial and residential properties, DIFC is an area that is full of hustle and bustle. Those looking forward to living in a buzzing financial hub will find Park Tower A according to their taste. However, noise pollution surrounding the building can be a turn off to those seeking a tranquil location. Also, parking can sometimes become an issue during the weekends.