The Residence 3, Downtown Dubai

The Residence 3, Downtown Dubai

HIGHLIGHTS

About The Residence 3, Downtown Dubai

Downtown Dubai redefines luxury living. The community is home to the tallest building in the world, Burj Khalifa and the popular shopping destination – The Dubai Mall. According to Bayut’s H1 Market Report for Dubai 2020, it is the second most popular areas to buy apartments in the city.

Developed by Emaar Properties, The Residences is an apartment complex in Downtown Dubai consisting of nine beautifully designed buildings. The Residence 3 is a 26-storey residential building standing 85.3 feet tall. Its construction started in 2004 and was completed in 2007.

Apartments in The Residence 3 have a spacious layout and are available in 1, 2 and 3-bedroom configurations. Building facilities include covered parking, an exciting kid’s play area, a large swimming pool and a fully equipped gymnasium.

The high-rise apartment building is located next to Sheikh Mohammed Bin Rashid Boulevard. Sheikh Zayed Road can also be found in close proximity to the building. Residents will find several parks, restaurants and tourist attractions near The Residence 3 including the Burj Park by Emaar and Burj Khalifa.

IN A NUTSHELL

  • A 26-storey residential building
  • Freehold property
  • A part of The Residences 
  • Developed by Emaar Properties
  • Offers 1, 2 and 3-bedroom apartments
  • Located close to Sheikh Mohammed Bin Rashid Boulevard
  • One can find Dubai Opera at a 4-minute drive away
  • A 6-minute drive away from Burj Khalifa
  • The Dubai Mall is located at a 10-minute drive away

BUILDING DETAILS

Facilities in The Residence 3, Downtown Dubai

Parking

There is covered parking in The Residence 3. Each unit gets at least one vehicle parking space.

Elevators

There are multiple high-speed elevators in The Residence 3. 

Security, Central Air-Conditioning and Maintenance Services 

The Residence 3 offers 24-hour CCTV security system with regular maintenance services. Residents would have to pay yearly chiller/cooling charges depending on their contract. Emaar is the district cooling supplier.

Event Space

The building has a meeting space and multi-purpose room that can be used to host events.

Gym and Fitness Facilities 

Fitness facilities include a fully equipped gym in The Residence 3 and outdoor and indoor swimming pool

Lifestyle Amenities

There is an indoor as well as an outdoor kid’s play area. Sports enthusiasts can find squash courts and badminton courts. Landscaped gardens and parks are also situated near the building.

Concierge and Guest Services 

The building has concierge services.

Pet-friendly

The Residence 3 is a pet-friendly building. 

Apartment Types in The Residence 3

One can find 1-bed, 2-bed and 3-bed apartment types in The Residence 3. Each residential unit has a spacious layout with large bedrooms, living rooms and balconies. These flats also come with fully furnished open/closed style kitchens and guest bathrooms. Each unit in The Residence 3 offers views of Burj Khalifa and the outdoor swimming pool.

1-Bedroom Apartments in The Residence 3

1-bedroom flats in The Residence 3 have covered areas of 957 sq. ft. There is an open style, fully fitted kitchen, a large living room with a guest bathroom and a balcony. The master bedroom has an attached bathroom and built-in cabinets. 

2-Bedroom Apartments in The Residence 3

2-bedroom apartments in The Residence 3 have covered areas ranging from 1,300 sq. ft. to 1,695 sq. ft. There are two bedrooms with attached bathrooms, a large living room, a guest bathroom and a spacious balcony. The apartment has a closed style kitchen which is fully furnished.

3-Bedroom Apartments in The Residence 3

3-bedroom flats in The Residence 3 are quite spacious and have a closed style, fully furnished kitchen, a large living space with a guest bathroom and a balcony. There are three bedrooms with attached bathrooms and separate wardrobes.

  • 1-Bed
  • 2-Bed
  • 0
  • 20%
  • 40%
  • 60%
  • 80%100%

Based on searches conducted by users on Bayut.com over the past 12 months

According to Bayut, the most popular apartment types in The Residence 3 are the 1-bedroom apartments. 2-bed flats get the second spot.

Rental Trends in The Residence 3

Apartments for rent in The Residence 3 are priced from 70k to AED 215k. One can rent apartments in Downtown Dubai starting from AED 45k.

Sales Trends in The Residence 3

Investors and expats will find apartments for sale in The Residence 3 a good deal like other similar Downtown Dubai apartments for sale

  • The sales price for a 1-bedroom apartment in The Residence 3 ranges from AED 1.29M to AED 1.9M.
  • One can buy 3-bedroom apartments in The Residence 3 for AED 3M.

Rental Yield in The Residence 3

  • 1-Bed
  • 2-Bed
  • 0
  • 2%
  • 4%
  • 6%
  • 8%10%

Based on searches conducted by users on Bayut.com over the past 12 months

The highest return on investment in The Residence 3 is offered by 1-bedroom apartments i.e. 5.6%. 2-bedroom flats get the second spot with a 4.8% ROI.

NEARBY AMENITIES

Transportation near The Residence 3

Residents can find multiple modes of transportation near The Residence 3.

Bus Stations near The Residence 3

8 Boulevard Walk Tower 1, Bus Stop is a 4-minute drive away from The Residence 3 where you will find Bus F13. 

Metro Stations near The Residence 3

Business Bay Metro Station is located at a 9-minute drive away from The Residence 3, Downtown Dubai.

Business Bay Metro Station Dubai
Business Bay Metro Station is served by the The Red Line

Tram Stations near The Residence 3

You will find Al Sufouh Tram Station at a 21-minute drive away from the residential building.

Restaurants near The Residence 3

Popular restaurants near The Residence 3 include:

Mirchi
Mirchi, an Indian restaurant can be found close to the building
  • Mirchi
  • Bosporus Restaurant
  • Verdura – Mediterranean 
  • Yeldizlar Restaurant 

There are multiple restaurants within walking distance of the building. Mirchi, an Indian restaurant is a short walk away from the tower. Bosporus Restaurant which serves Turkishcuisine is located at a 2-minute walking distance.  Verdura serving Mediterranean food is a 5-minute walk away and Yeldizlar, a Lebanese Restaurant is at a 7-minute walking distance from the building. 

Fine dining restaurants in Downtown Dubai near The Residence 3 are:

  • Armani – Amal 
  • Bice Mare Restaurant
  • The Meat Co.

Residents will find multiple upscale restaurants near the area. Armani – Amal, an Indian restaurant is a 6-minute drive away from the tower. Bice Mare, an Italian Restaurant and The Meat Co. steak house are an 8-minute drive away from the residential building.

Supermarkets near The Residence 3

Supermarkets near The Residence 3 include:

  • Spinneys
  • Al Maya Supermarket
  • West Zone Fresh Supermarket

Residents will find a few supermarkets near the tower. Spinneys is located within walking distance from The Residence 3. Other supermarkets are Al Maya Supermarket and West Zone Fresh Supermarket at a 5-minute drive away from the residential building.

NEARBY BUILDINGS

There are many residential buildings near The Residence 3 including.

The Residence 3 is situated next to The Residence 4 and The Residence 2. 29 Boulevard Tower 1 and Boulevard Heights are located in close proximity to the Burj Residences Tower 3.

Major Landmarks

Nearby landmarks include:

Dubai Opera is a 4-minute drive away from The Residence 3. It hosts a wide range of events such as opera, ballet, concerts, conferences and exhibits. 

Burj Khalifa
Burj Khalifa can be found close to the residential building

Burj Khalifa is the world’s tallest building standing 828m or 2,716.5 ft. above the ground.  It is a 6-minute drive away from the residential tower.

The Dubai Mall is a 10-minute drive away from The Residence 3. Housing more than 1,200 outlets, the mall also has a cinema, a VR park, an underwater aquarium and the dancing fountains.

outside view dubai mall
The Dubai Mall is a leading entertainment destination in the city

THINGS TO CONSIDER

The Residence 3 is a part of The Residences in Downtown Dubai. While the building has spacious apartments and world-class amenities, one would have to face heavy traffic during rush hours.  

Are you looking to buy or rent apartments in The Residence 3?

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