The Residence 1, Downtown Dubai

The Residence 1, Downtown Dubai

HIGHLIGHTS

About The Residence 1

Located in Downtown Dubai, The Residence 1 is a residential building developed by Emaar Properties. Construction of the project started in 2004 and completed in 2007. Offering views of the Burj Khalifa, the building provides 1, 2 and 3-bedroom apartments. It has a gym, swimming pool, steam room, sauna and Jacuzzi. 

Downtown Dubai is one of the most iconic areas of the city as it houses landmarks like Burj Khalifa and The Dubai Mall. The community hosts various events throughout the year. The area is also a hotspot for tourists. It houses various luxury high-rise apartments.

IN A NUTSHELL

  • Located in Downtown Dubai
  • Developed by Emaar Properties
  • Offers 1, 2 and 3-bedroom apartments
  • Gym, pool, sauna, steam room and Jacuzzi
  • Children’s play area
  • Squash courts
  • Community lawn
  • Conference room
  • Pet-friendly

BUILDING DETAILS

Facilities in The Residence 1

Parking

Parking in The Residence 1 is allotted to every apartment as per its size. There are four levels of parking in the building.

Elevators

High-speed elevators in The Residence 1 provide hassle-free service to residents.

Security, Central Air-Conditioning and Maintenance Services 

Security staff provides 24-hour services in The Residence 1. Security staff monitors the building through CCTV cameras. Some of the apartments of The Residence 1 come with chiller free options whereas Emaar Properties has its own district cooling plant.

Event Space

There is a community lawn that can be used for family gatherings and parties. The building also has a conference room for meetings and other formal events.

Gym and Fitness Facilities 

There are different fitness facilities in the building. The tower has a gym, swimming pool, sauna, steam room and Jacuzzi. Gym in The Residence 1 is well-equipped.

Lifestyle Amenities

Children can enjoy outdoor activities in the dedicated kids’ play area. There is also a squash court for adults.

Concierge and Guest Services 

There is a lobby in the building where guests can wait for their host.   

Pet-friendly

Pets are allowed in the building.   

Safety Features

Fire extinguishers are installed throughout the building. 

The Residence 1 Floor Plans 

  • 1-bedroom apartments in The Residence 1 consist of eight unit types.
  • 2-bedroom apartments in The Residence 1 consist of three unit types.
  • 3-bedroom apartments in The Residence 1 consist of one unit type.

Bayut has developed a simple 2D and 3D floor plans format on the website. You can view the floor plan as per your desired bed-type and location in which you are interested in the floor plans for The Residence 1

Apartment Types in The Residence 1

The Residence 1 is a residential building in Downtown Dubai. There are different types of units in the building available for rent as well as sale.

1-Bedroom Apartments in The Residence 1

1-bedroom apartments in The Residence 1 have an attached bathroom, a small living area and semi-closed kitchen. The unit has an area of 915 sq. ft. to 1,092 sq. ft. The bedroom has floor to ceiling glass windows and a walk-in closet. The kitchen has fitted wooden cabinets and granite top. Some of the apartments have a powder room.

2-Bedroom Apartments in The Residence 1

The 2-bedroom apartments in The Residence 1 have a spacious balcony connected to the living room. It has two attached bathrooms and a guest bathroom. The area of the apartment is 1,350 sq. ft. to 1,629 sq. ft. The bedrooms also include a walk-in closet. The close-styled kitchen is laced with white tile flooring and wooden cabinets. Most of the apartments have a fitted kitchen with appliances.

3-Bedroom Apartments in The Residence 1

3-bedroom apartments in The Residence 1 are situated on the upper floors of the building. The corridor ends towards a spacious dining area and a fully fitted kitchen. The area of the unit is approximately 2,082 sq. ft. The living area is connected to the balcony offering views of Burj Khalifa and the Dancing Fountain. The units have maid’s room and laundry room.

Most Popular Apartment Types in The Residence 1

  • 1-Bed
  • 2-Bed
  • 3-Bed
  • 0
  • 20%
  • 40%
  • 60%
  • 80%

Based on searches conducted by users on Bayut.com over the past 6 months

The most popular apartment type in The Residence 1 is the 1-bedroom type. The second most popular property type is 2-bed units. 3-bedroom apartments are last in the list when it comes to searches conducted on Bayut.

Rental Trends in The Residence 1

If you are interested in apartments for rent in The Residence 1, check the rental prices here:

  • Rent for 1-bedroom apartments in The Residence 1 range from AED 95k to AED 120k per year.
  • Rent for 2-bedroom apartments in The Residence 1 range from AED 125k to AED 200k per year.
  • Rent for 3-bedroom apartments in The Residence 1 is around AED 200k per year.

Landlords generally ask for post-dated cheques for an annual lease. The number of cheques depends on the agreement. You can compare the prices with apartments for rent in Downtown Dubai.

Sale Trends in The Residence 1

The Residence 1 is a good investment option for those looking for properties in Downtown Dubai. There are several apartments for sale in The Residence 1.

  • 1-bedroom apartments in The Residence 1 range from AED 1.35M to AED 1.79M.
  • 2-bedroom apartments in The Residence 1 range from AED 2.4M to AED 4.5M.
  • 3-bedroom apartments in The Residence 1 range from AED 4.45M to AED 4.9M.

You can also check options in apartments for sale in Downtown Dubai.

Rental Yield in The Residence 1

  • 1-Bed
  • 2-Bed
  • 0
  • 2%
  • 4%
  • 6%
  • 8%

Based on searches conducted by users on Bayut.com over the past 6 months

Return on investment (ROI) is 5.3% for 1-bedroom apartments. 3-bedroom apartments provide an ROI of 3.7% whereas 2-bedroom apartments have an ROI of 3.5%.

Service Charges in The Residence 1

SERVICE CHARGES
PRICE PER SQ. FT. IN AED
Service Charges
Services
Price PER SQ. FT. IN AED
3.76
Service Charges
Maintenance
Price PER SQ. FT. IN AED
2.67
Service Charges
Utilities Services
Price PER SQ. FT. IN AED
4.92
Service Charges
Management Services
Price PER SQ. FT. IN AED
1.09
Service Charges
Insurance
Price PER SQ. FT. IN AED
0.33
Service Charges
Master Community
Price PER SQ. FT. IN AED
2.69
Service Charges
Adjustment
Price PER SQ. FT. IN AED
0.6
Service Charges
Total
Price PER SQ. FT. IN AED
16.06

These figures are based on the services charges for The Residence 1* as per the Dubai Land Department.

Service charges in Dubai vary from one community to another, read up on the service charges guide if you are interested in buying a property in Dubai.

*These charges are subject to change.

NEARBY AMENITIES

Transportation near The Residence 1

There is no shortage of transportation near The Residence 1. Residents of the building can use buses, metro and cabs. For those who have their own car can easily commute as the area is well-connected to the rest of the city.

Tram Stations near The Residence 1

Clover Bay Tower 1 Bus Stop is 6 minutes away from the building whereas Clover Bay Tower 2 Bus Stop is at an 8-minute drive. Burj Khalifa, The Palace Hotel Bus Stop is at a 7-minute distance from the building.

Metro Stations near The Residence 1

Various metro stations are located under a 10-minute drive from the building. Business Bay Metro Station and Financial Centre Metro Station are located at a 9-minute distance from the building. Burj Khalifa/ The Dubai Mall Metro Station is a 10-minute drive from the building.

Restaurants near The Residence 1

Popular restaurants near The Residence 1 are: 

  • P.F. Chang’s
  • Tribes
  • Boulevard Kitchen

P.F. Chang’s is an 8-minute drive from the building. It offers delicious Chinese food. Tribes is also an 8-minute drive away from the building. It provides African food. Boulevard Kitchen in Manzil Downtown is at a 5-minute drive.

Fine dining restaurants in Downtown Dubai near The Residence 1 are:

  • The Meat Co, Souk Al Bahar, Downtown Dubai
  • Thiptara- Palace of Downtown Dubai
  • At.mosphere, Burj Khalifa, Downtown Dubai

All the above-mentioned fine dining restaurants are located under a 6-minute drive from the building. The Meat Co, Souk Al Bahar, Downtown Dubai offers different varieties of steaks. Thiptara- Palace Downtown Dubai offers attractive and comfortable seating arrangement and provides Thai food. At.mosphere, Burj Khalifa, Downtown Dubai is a famous fine dining restaurant that offers International foods.

Supermarkets near The Residence 1

Supermarkets in the area include: 

  • Spinneys
  • Carrefour 
  • Al Maya Supermarket

The Residence 1 is close to various supermarkets. Spinneys is located at a 5-minute drive from the location. Carrefour is at a 7-minute drive away. It is one of the leading departmental stores of the UAE and offers a variety of daily-use products and more.  Al Maya Supermarket is at a 6-minute drive from the building. It provides fruits, vegetables, meat, cosmetics and healthcare products.  

NEARBY BUILDINGS

  • Westbury Residence- Residential Building
  • Attareen- Residential Building
  • Windsor Manor- Residential Building
  • West Wharf Tower- Residential Building
  • Al Tayer- Commercial Building

Buildings near The Residence 1 include Westbury Residence, Attareen, Windsor Manor, West Wharf Tower and Al Tayer.

Major Landmarks

Nearby landmarks include: 

  • Burj Khalifa
  • The Dubai Mall
  • Dubai Canal
Burj Khalifa is located at a 6-minute distance from The Residence 1.
Burj Khalifa is the tallest building in the world.

The Residence 1 is close to various landmarks of the city. Burj Khalifa is located at a 6-minute distance from the building. It is the tallest building in the world. It offers numerous leisure, dining and entertainment options.

The Dubai Mall is a 7-minute drive from The Residence 1
Front view of The Dubai Mall

The Dubai Mall is a 7-minute drive from the building. It is the world’s second-largest shopping mall. It is the home to over 1, 000 retail stores. It has over 14,000 parking spaces, 120 restaurants and cafes and 22 cinema screens. The Dubai Canal is at a 15-minute distance from the building. It is an artificial canal that was announced in 2013 and inaugurated in 2016. The canalside walk has four hotels, one shopping mall and 450 restaurants. It is three kilometres long and has a width of 80 to 120 meters.

THINGS TO CONSIDER

The Residence 1 provides modern facilities but it should be noted that there is no guest parking in the building. 

Are you looking to buy or rent apartments in The Residence 1?

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