What's the price range at Deira Gold Souk Residences?
Current price per sqft: AED 3100. Recent transactions: 3BR 2100sqft at AED 6,510,000; 2BR 1300sqft at AED 4,030,000. Price history (12 months): ranging from AED 3086 to AED 3100/sqft.
Deira Gold Souk Residences – Investment & Lifestyle FAQ
Complete guide to Deira Gold Souk Residences in Deira: pricing, amenities, rental potential and ownership costs.
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Pricing & Units
What units are available at Deira Gold Souk Residences?
Unit mix: 85 × 1BR, 110 × 2BR, 30 × 3BR, 0 × 4BR, 5 × Penthouse. Total: 280 units. Standard residential tower.
Is Deira Gold Souk Residences a good value, or overpriced?
Tier: PREMIUM. Investment thesis: "Heritage Deira location with cultural significance and excellent yields; metro proximity and expat appeal drive strong rental demand.". Comparable buildings in Deira range AED 2600–3600/sqft. Verdict: Competitive positioning; check comps in the building. Consult a local agent for current market assessment.
Amenities & Building Features
What amenities does Deira Gold Souk Residences offer?
Amenities: Gold Souk access, Cultural center, Retail outlets, Restaurants, Community pool and more. Year completed: 2019. Floors: 17. Well-maintained common areas and 24/7 security.
How many floors and units per floor in Deira Gold Souk Residences?
17 floors. Total units: 280. Average units/floor: 17. View types: Marina views, City views. Higher floors command premium pricing.
What's the typical apartment layout in Deira Gold Souk Residences?
Layouts: Studio to 4-bedroom units. Most popular: 2-bedroom (110 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 Deira Gold Souk Residences from key landmarks?
Beach: 8 mins. Gold Souk metro: 2 mins. Downtown Dubai: 10 mins. Airport (DXB): 14 mins.
Is Deira Gold Souk Residences easy to get to and from?
Metro accessible via Gold Souk. 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 Deira Gold Souk Residences?
Located in Deira, 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 1085/sqft/year typical for tier PREMIUM. Estimate for 2BR (1500 sqft): AED 135625/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 Deira Gold Souk Residences?
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 Deira Gold Souk Residences?
Gross rental yield: 5.8%–7.3%. 1BR typical rent: AED 10,416.667/month. 2BR: AED 17,083.333/month. Strong tenant demand; typical vacancy: 1–2 months/year.