Overview

Property Description

The Elite DownTown Residence is a 30-storey residential development with premium amenities located in Downtown Dubai, close to the Burj Khalifa, the Dubai Mall and other iconic Dubai landmarks. In early 2022, Triplanet Range Developments Company LLC completed the skyscraper. With over 400 luxury residences, Elite DownTown Residence offers studios and apartments with 1-3 bedrooms, ranging in size from 419 square feet to 1,614 square feet. Featuring Italian tiled floors and fully equipped kitchens with top-of-the-line appliances, all apartments come fully furnished. As well as panoramic views of the Burj Khalifa, Dubai Fountains and Dubai Canal, the residences also feature floor-to-ceiling windows. The spacious terraces of the apartment will allow residents to relax after a busy day, admiring the sunset or watching Dubai's evening lights. The highest light and music fountain show on the planet will also be available to a select few Elite DownTown Residence residents without having to leave their homes at the same time. Elite DownTown Residence residents will have access to a range of premium amenities and services, including: Besides providing a full technical service, specialists are on hand to assist in resolving service issues as soon as possible in the residential complex. All residences in Elite DownTown Residence are fully finished and ready for occupancy for a starting price of AED 1,736,000 (USD 473,000). *Prices valid through 2022 It is possible for citizens of all nationalities to buy apartments in Elite DownTown Residence, which are freehold. For those who wish to live a luxurious lifestyle in a prestigious and vibrant area of Dubai, as well as for investors who want a steady passive income, this residential complex in Downtown Dubai is an excellent choice. Tourists from all over the world visit Downtown Dubai, which is the hub of Dubai. There is a consistent high demand for long-term and short-term rentals in this area of the city because of its developed infrastructure, world-class attractions, and entertainment, and the average ROI for apartments here is from 5.4% to 6.5%. The number of luxury apartments for rent in Downtown Dubai was ranked second among all areas of the emirate in 2021, based on a report by Bayut & Dubzzle. In the past year (2020), rental prices have increased by 26%, which indicates a high likelihood of increased income for investors. AED 70,000 (USD 19,000) is the annual rental price for one-bedroom apartments in Elite DownTown Residence, which traditionally brings higher profits. The minimum purchase price for the same type of property is AED 70,000 (USD 19,000), so the ROI is up to 8%. If you would like to purchase a property in Elite DownTown Residence or would like to learn more about the project, please call us or fill out a form on our website. We will answer all of your questions and help you choose the perfect apartment for your needs. We will also help you arrange a mortgage with a local bank if necessary.. Additionally, we can handle the management of the property, including finding a tenant, executing the contract, and monitoring rent payments.

Location