What's the price range at Address Residences Downtown?
Current price per sqft: AED 5400. Recent transactions: 3BR 2900sqft at AED 15,660,000; 2BR 1800sqft at AED 9,720,000. Price history (12 months): ranging from AED 5368 to AED 5400/sqft.
Address Residences Downtown – Investment & Lifestyle FAQ
Complete guide to Address Residences Downtown in Downtown Dubai: pricing, amenities, rental potential and ownership costs.
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Pricing & Units
What units are available at Address Residences Downtown?
Unit mix: 50 × 1BR, 90 × 2BR, 55 × 3BR, 0 × 4BR, 10 × Penthouse. Total: 205 units. Branded as Address Hotelspremium positioning.
Is Address Residences Downtown a good value, or overpriced?
Tier: PREMIUM. Investment thesis: "Premium Address-branded hotel residences with strong 5% yields and good rental demand; balance of affordability and lifestyle.". Comparable buildings in Downtown Dubai range AED 4900–5900/sqft. Verdict: Competitive positioning; check comps in the building. Consult a local agent for current market assessment.
Amenities & Building Features
What amenities does Address Residences Downtown offer?
Amenities: Address spa, Rooftop pool, Restaurant and bar, Concierge, Fitness center and more. Year completed: 2017. Floors: 25. Branded partnership with Address Hotels ensures concierge and lifestyle services.
How many floors and units per floor in Address Residences Downtown?
25 floors. Total units: 205. Average units/floor: 9. View types: Marina views, City views. Higher floors command premium pricing.
What's the typical apartment layout in Address Residences Downtown?
Layouts: Studio to 4-bedroom units. Most popular: 2-bedroom (90 units). Sizes vary 500–2,500 sqft. Many units have balconies/terraces. Furnished and unfurnished options available (check listing details).
Location & Proximity
How far is Address Residences Downtown from key landmarks?
Beach: 17 mins. Burj Khalifa metro: 8 mins. Downtown Dubai: 5 mins. Airport (DXB): 22 mins.
Is Address Residences Downtown easy to get to and from?
Metro accessible via Burj Khalifa. Schools within 5–15 mins. Shopping malls: Dubai Marina Mall, Ibn Battuta nearby. Parking: typically 1–2 spaces per unit. Good road connectivity to Sheikh Zayed Road and key exits.
What's the neighborhood like around Address Residences Downtown?
Located in Downtown Dubai, a premium community. Residents: expat professionals, families, investors. Dining & retail: diverse options within 5–15 mins. Safety: 24/7 security in building and community. Vibe: upscale and vibrant.
Owning Here
What are the service charges and annual costs?
Service charge: ~AED 1889.9999999999998/sqft/year typical for tier PREMIUM. Estimate for 2BR (1500 sqft): AED 236250/month. DEWA: AED 400–600/month. Insurance: AED 1,000–2,000/year. Total holding cost: AED 800–1,500/month.
What kind of residents live in Address Residences Downtown?
Profile: Mix of owner-occupiers and investors. Typical buyers: expat professionals, families seeking quality lifestyle, buy-to-let investors targeting 4%–6% yields. Nationalities: diverse (UK, India, Saudi, Russia, China well represented). Community vibe: professional, family-oriented, investment-savvy.
What's the rental yield at Address Residences Downtown?
Gross rental yield: 5%–6.5%. 1BR typical rent: AED 18,333.333/month. 2BR: AED 29,166.667/month. Strong tenant demand; typical vacancy: 1–2 months/year.