Embark on a luxury and strategic investment journey with One Residence in Dubai Downtown. Slated for completion in 2027, this project streamlines the buying process with a practical 50/50 payment plan, requiring just 10% down. This article explores the purchasing power of a $1 million budget at this distinguished location and underscores the exceptional growth of the Dubai property market.
Exploring Your Options at One Residence
Located in the vibrant heart of the city, One Residence offers a variety of living spaces designed to suit different tastes and needs:
1. Studio Apartments:
Starting at AED 1.34 million ($365K) for areas between 470 – 570 sqft. The price per sqft is approximately AED 2850, reflecting the high-end nature of these compact yet luxurious units.
2. One-Bedroom Apartments:
These units begin at AED 1.98 million ($540K) with sizes ranging from 750 – 840 sqft, translating to an average cost of AED 2640 per sqft.
3. Two-Bedroom Apartments:
Available from AED 2.69 million ($733K), these spacious apartments offer 1020 – 1220 sqft at AED 2637 per sqft.
4. Two Bedrooms Plus Maid’s Room:
These larger apartments start at AED 3.55 million ($967K) and provide 1340 – 1440 sqft, costing around AED 2649 per sqft.
With a $1 million investment, buyers can explore various options within this iconic development. The best part is enjoying upscale living and future capital appreciation.
Amenities That Define Luxury Living
One Residence is not just about upscale apartments; it’s about creating a lifestyle that resonates with luxury and comfort. The development boasts a comprehensive array of amenities:
- Wellness and Fitness: A state-of-the-art gym, yoga studio, and a tranquil Zen garden.
- Relaxation: An infinity pool with sunken seating, sunbeds, and a serene picnic area.
- Entertainment and Leisure: A golf simulator, movie theater, music room, and an entertainment room.
- Family and Community: Facilities include a kids’ pool, trampoline park, outdoor kids’ play area, and dedicated kids’ club.
- Convenience Services: Round-the-clock valet service, chef on demand, and laundry services.
These amenities are meticulously designed to meet homeowners’ desires, ensuring every aspect of urban living is covered.
Proximity to Dubai’s Iconic Landmarks
The strategic location of One Residence in Dubai Downtown offers unbeatable advantages. Positioned just 5 minutes from the Burj Khalifa, Dubai Mall, and Dubai Opera, residents can enjoy the best dining, shopping, and cultural experiences. This proximity not only enhances the lifestyle but also significantly boosts the property’s investment potential.
Downtown Dubai’s Market Dynamics
The real estate market in Downtown Dubai has witnessed a remarkable growth of 63% since 2019, averaging an 11% annual increase. This performance is notably higher than that of other major world cities such as London, Paris, and New York. To be precise, Downtown real estate prices have appreciated at double the rate of those in international metropolises. These figures highlight why Downtown Dubai continues to be a top choice for savvy investors looking for high returns.
Investing in One Residence: A Wise Choice
Choosing One Residence, especially as an off-plan property in Downtown, represents a sound investment decision. The combination of a strategic location, robust growth rates, and luxury offerings makes this development a prime choice, especially for those seeking to capitalize on Dubai’s thriving property market.
Conclusion
One Residence in Dubai Downtown provides more than just real estate; it offers an opportunity to invest in a lifestyle of luxury and growth. With its comprehensive amenities, proximity to key landmarks, and impressive market performance, it stands out as an optimal choice. Particularly for anyone with a $1 million budget looking to invest in Dubai’s dynamic real estate scene.
This project not only fulfills the upscale living standards but also secures a sound financial future. So what’s holding you to invest in the heart of one of the world’s most vibrant cities? Call One Broker Group, the exclusive sales partner, today and seize the best available opportunity.