The location of the new Elite Residence project and its remarkable features
Elite Downtown in the UAE, as the project’s name suggests, is located in Downtown Dubai. This district is also called the center of the metropolis. This fast-growing part is home to numerous attractions like the Burj Khalifa, the Dubai Fountains, and the Dubai Mall. There is always something to do. Additionally, the community is well-known as a prime place to live. It used to be a "vertical" community. But later on, a lot of villas were added to the real estate market. What else is there to know if you are interested in this area? Let's find out.
The city center is well linked to other key commercial and residential districts. It is strategically located on the border of Business Bay, along Sheikh Zayed Road, E11, and connected to Al Wasl, a fairly active and bustling neighbourhood. Downtown is one of the best places in Dubai for non-drivers and frequent travellers. Plenty of amenities, including upscale hotels, chic holiday destinations, and large shopping malls, make this district a sought-after "center of it all".
Residential complex South Ridge Towers in Dubai
- A home to the highest building, the Burj Khalifa.
- Various parades and festivals all year round.
- Rich and well-rounded experience.
- Properties with impressing top-class amenities.
- One of the best family-friendly neighbourhoods in the metropolis.
Downtown Dubai, developed by Emaar Properties, is an integrated multi-use community appealing to a wide range of people. In terms of property types, there are a lot of high-quality premium apartments here. It makes the area the best choice among other districts of the metropolis for renting. Elite residential towers also feature elegant penthouses and podium villas.
Real estate in Dubai
Local apartments come in different designs and configurations, depending on the complex. Studios to four-bedroom apartments can also be found here. New off-plan buildings (currently unfinished) will also be ready to delight future residents with five-bedroom apartment options.
As with all massive projects, the Downtown architecture differs widely. From low-rise traditional Arabic-style apartment complexes to more ultra-modern skyscrapers, the neighbourhood has it all!
There is no doubt that the community has become the standard of modern "vertical" communities. Of course, there is also a wide range of villas, centering on the podiums of The Residences, Boulevard Point, and others. The configuration of these residential facilities varies from three- to four-bedroom options. Besides, there is Opera Grand, an off-plan project with an exclusive collection of townhouses.
Downtown Dubai attracts first-time homeowners and even those who have been living in the country for decades. Due to its status and global allure, people from all over the world flock to this hustling and bustling area.
Return on investment
Studios provide the highest ROI of 5.9%. One-bedroom apartments have a ROI of 5.1%. Two- and four-bedroom apartments generate a 4.7% return. Next come the three- and five-bedroom apartments with 4.3% and 4.1%, respectively.
Compared to apartment buildings, there are fewer options for investing in villas. 3.7% is the highest ROI for a two-bedroom configuration. Four-bedroom villas can bring a 3.3% return. At the same time, a three-bedroom villa brings a 3% ROI.
Since Downtown is a preferred tourist destination, there are a lot of hotels. The best hotels are the following:
- Armani Hotel Dubai
- Palace Downtown
- Address Boulevard
- Manzil Downtown
Transport and parking spaces
Most residential apartments, if not all of them, have separate parking spaces. And guests can use paid parking lots scattered throughout the territory or underground parking.
The city’s locals and guests can readily find public transport options in Downtown. For those who do not own a car, it is quite easy to travel around the city. Furthermore, in addition to the many registered taxis, the F13 bus stops are available for people who prefer to use public transport.
The Dubai Mall/Burj Khalifa station is popular with metro users. Emirates Towers metro station is also within easy reach. The Dubai Trolleybus also runs along Mohammed bin Rashid Boulevard. It is the world's first hydrogen-fueled transport that helps people get to various popular destinations in the emirate. Thanks to its vibrant "never stop" vibe, the area is designed to be accommodating to pedestrians. Many guests and residents often walk around the territory, as the area is ideal for these kinds of excursions.
There are various grocery stores like Spinneys and Al Maya. In alongside with the large Waitrose hypermarket in the Dubai Mall. Other small grocery shops situated on the ground floors of residential buildings oftentimes provide home delivery services.
The surrounding areas
Downtown Dubai is the heart of the metropolis, linked to both old and new Dubai. Geographically, it is near Sheikh Zayed Road, between the business centers of DIFC and Business Bay. Nad Al Sheba (where the Meydan Racecourse is) is just a few minutes' drive to the east. Jumeirah 1 is located to the west of the district.
Shopping, restaurants and nightlife
You don't have to be a tourist to experience the magnetic attraction of Downtown Dubai!
The district is home to the most popular shopping malls in the city. Shopping therapy and recreation in the mall are some of the favourite things to do here.
The Dubai Mall
The Dubai Mall, the largest shopping complex in the emirate, is a place where local and global brands come together. It has literally everything, from fashion items to literature and technology. With the opening of Fashion Avenue, visitors can shop for such high-end brands as Chanel, Prada, Louis Vuitton, etc. Other shops include a hypermarket, hardware stores, home goods stores, and exclusive eateries.
Aside from shopping, you can have dinner, go to a movie theatre, or play eKart Zabeel here. The Dubai Mall also has hookah bars like HuQQa, Cabana, and Dish/Dash. India Palace Express, Texas Roadhouse, New Shanghai, and PF. Chang's are just some of the well-known local restaurants. You can dine at one of the many eateries or have a coffee and a bite to eat at the mall's various cafes, such as Angelina Tearoom, Coffeol, and Starbucks.
Souk Al Bahar
You can experience a top shopping in the relatively quiet Souk Al Bahar. It has cosy lounges, diners, and over 100 shops. From Arabic perfumes to dried fruits and spices, the most authentic things can be found here. Popular restaurants at Souk al Bahar are, but not limited to, Shakespeare and Co., Patiala, Karma Kafe, and Claw BBQ.
Another integral part of the Dubai city center lifestyle is food and public holidays. Famous cafes and gourmet restaurants serve everything, starting with nitrogen-frozen ice cream to mouth-watering steaks.
You will find some amazing restaurants with the Dubai Fountain views where you can have a romantic date, or more casual cafes where you can hang out with friends. As for homesick Indian expats, there are many Indian restaurants like Shamiana, Patiala. and Peppermil.
The area is situated on the east side of Sheikh Zayed Road. So unfortunately, residents will not be able to walk to the beach on foot. That being said, with well-planned road links, popular public beaches can be reached in just 15-20 minutes by car. Those who enjoy the water but can't wait that long just need to head to the public swimming pool. They exist in many towers in Downtown.
This phrase is often used in many overviews, but it is clear that it is 100% true here: in this area, everyone will find something according to their tastes!
A selection of off-plan projects in Dubai
Start your house hunting and easily compare prices throughout Dubai today! Details are on the website: https://elite-downtown-residence.ae/.