Overview

Property Description

As the first Mama Shelter-branded development in Dubai, Mama Residences is set to redefine the landscape of Business Bay. In 2008, Mama Shelter was founded in Paris, and is part of Ennismore, one of the world's fastest-growing lifestyle hospitality chains. There are 16 Mama hotels in 14 cities around the world by Q3 2022 and they all combine contemporary art, eccentric concepts, abstract decor, and top-notch hospitality services.. Mama Residences was developed by Kappa Acca Real Estate Development, a subsidiary of Khamas Group. Mama Residences offers a collection of beautifully crafted fully-furnished serviced studios and apartments with 1-2 bedroom layouts, ranging in size from 458 sq. ft. to 908 sq. ft. There will also be an ultra-luxurious 4-bedroom penthouse for sale, spanning over 11,052 square feet. With an unwavering attention to detail, the residences will be complemented by brightly-coloured furniture and fittings, vibrant neon installations and vivid patterns on the surfaces throughout. As well as textured glass, laminated tempered rich crystal glass and gradient tempered sandblasted glass, branded apartments will be designed to create a vibrant and rich ambiance. A 1-bedroom apartment in Mama Residences starts at AED 1.72M (USD 468K). A 4-bedroom penthouse priced at AED 36.7M (USD 9.99M) may be of interest to those seeking more luxury, comfort, and space. *Prices are valid through 2022 Located in Business Bay, Mama Residences will be surrounded by a wide variety of luxury hotels, including Gulf Court Hotel Business Bay and Paramount Hotel and Residential. It is also home to a number of fine dining restaurants, including Long Teng Seafood and Mist Restaurant & Cafe. Finally, since Ennismore merged with Accor in 2021, you will also enjoy exclusive benefits of the Accor Ownership Benefits Programme: Besides using an apartment in Mama Residences as your own home, you can also consider letting it out with the help of a property management company. As mentioned earlier, the residences come fully-furnished, which means you can lease them out once the envisioned development is completed.. With a variety of onsite amenities and services, it is safe to say apartments in Mama Residences will be in high demand among those seeking a secluded home with hotel-style amenities and services. The gross return on investment for 1-bedroom apartments in Business Bay, according to Property Finder, is 6.9%, with a starting rent of AED 50K (USD 13.6K) per year. You can also consider short-term rentals, as properties in this neighbourhood cost AED 1.9K (USD 517) weekly and AED 300 (USD 81) daily.. Entrepreneurs, business professionals, and tourists who want easy access to coveted landmarks and business facilities will choose this option.

Features & Amenities

Location