VIDA RESIDENCE DOWNTOWN by Emaar Properties in Downtown Dubai, Dubai, UAE: property for sale from the developer

The Vida Residence Downtown residential complex

The Vida Residence Downtown residential complex is situated in a 60-story skyscraper in the Downtown Dubai area. Emaar Properties offers apartments at the Vida Residence Downtown at the developer's price point. This premium-class property was completed in 2019 and features a modern architectural style. The building's unique design element is a transition connecting the skyscraper to the eponymous hotel. Residents of the Vida Residence Downtown apartments in Dubai have access to the hotel's amenities.

The local real estate market is suitable for both relocation and potentially profitable investment opportunities. The area is classified as a free zone, where foreigners can purchase property and have full ownership rights.

The cost of apartments in the complex varies based on their size and level of comfort. Prices start at AED2.15 million (USD576,000) for a one-bedroom apartment.

Purchasing property in Vida Residence Downtown also allows for acquisition of a five-year residency visa. As long as ownership rights are maintained, this visa can be renewed indefinitely, providing a lawful basis for residing in the UAE.

Real estate in Downtown Dubai, Dubai, UAE

Apartments remain the primary type of real estate in the area. The community features numerous skyscrapers housing premium residences, with budget housing being less common but still available. The area is characterized by the coexistence of modern high-rise buildings and classic Arab-style homes. Villas and townhouses are less common, primarily concentrated in the podium areas of skyscrapers. The limited supply of isolated homes maintains consistently high prices, while apartments in the community can be purchased at a lower cost. The price of one-bedroom apartments starts at AED1.4 million (USD390,000), and the average price of two-bedroom apartments is AED2.4 million (USD660,000), with prices rising annually.

Real estate in Vida Residence Downtown

Lifestyle

The infrastructure of the residential complex and the surrounding area allows for a peaceful and dynamic lifestyle. The hotel services provided for the apartments at Vida Residence Downtown create a resort-like atmosphere. The residential complex offers a wide range of services that enable leisure activities without leaving the building. People of all ages can find activities that suit their tastes, with children having a designated play area and adults having access to a fully equipped gym or a lounge area for relaxation. Additionally, a spa salon operates within the residential complex. For peaceful relaxation or hosting parties, there is a landscaped area with a barbecue spot. Nearby the residential complex, there are shopping and business centres, restaurants, and entertainment venues.

Advantages of the residential complex

One of the main advantages of the residential complex is its good location. The upper floors offer views of the Burj Khalifa and Dubai fountains.

The internal infrastructure of the residential complex includes:

a pool with a controlled temperature of water;
a fitness centre;
a jacuzzi;
a conference room for business events;
a restaurant and cafe;
a children’s game room..

More than 500 parking spaces are available for residents of the apartments at Vida Residence Downtown. They can also use the 24-hour concierge service.

The building is equipped with a fire safety system and is under video surveillance.

Types of real estate in Vida Residence Downtown

There are 320 apartments in the building, including one- to three-bedroom apartments and penthouses on the upper floors. Each residence has a balcony, the kitchens are equipped with the necessary appliances, and the bathrooms feature all the plumbing facilities. The apartments are move-in ready and finished with expensive materials like marble flooring.

Layout options:

One-bedroom apartments range in size from 66.6 to 100.7 m². The bathroom is adjacent to the bedroom. The dining area is integrated with the open kitchen.
Two-bedroom apartments range in size from 127 to 152 m². These apartments have two bathrooms and a living room.
Three-bedroom residences range in size from 184 to 213 m².

The penthouses feature from four to five bedrooms. They range in size from 261 to 622m².

Real estate in Vida Residence Downtown as an investment opportunity

The area is highly sought after, making investments in Emaar Properties real estate in Dubai very lucrative. Every year, the community attracts hundreds of thousands of tourists, many of whom prefer to rent property rather than stay in hotels. Residential properties are also in high demand among local residents, as the majority of Dubai's population consists of foreigners. Therefore, buying an apartment in Vida Residence Downtown for renting it out can be a smart investment decision. The rental yield for one-bedroom apartments reaches 5.1% per year. The yield for two-to four-bedroom apartments is between 4.3 and 4.7% per year. It is also worth considering capitalisation of the property value. In 2022 alone, residences in Dubai increased in value by an average of 8.5%. Investing in real estate in the UAE allows you to preserve your capital from inflation and increase it.

VIDA RESIDENCE DOWNTOWN

The Vida Residence Downtown residential complex

Real estate in Downtown Dubai, Dubai, UAE

Location

Features

Indoor facilities

Outdoor features

Real estate in Vida Residence Downtown

Lifestyle

Advantages of the residential complex

Types of real estate in Vida Residence Downtown

Real estate in Vida Residence Downtown as an investment opportunity

Video

Payment Plan